UK Healthcare IT Market Overview:
The UK healthcare IT market size reached USD 15.61 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 35.04 Billion by 2032, exhibiting a growth rate (CAGR) of 8.80% during 2024-2032. The UK market is expanding rapidly due to increasing digital transformation initiatives, rising demand for telemedicine, government-backed policies, the paradigm shift toward patient-centered care, growing concerns over cybersecurity, the adoption of artificial intelligence, widespread integration of electronic health records, and escalating investments in digital infrastructure.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
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2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023 |
USD 15.61 Billion |
Market Forecast in 2032 |
USD 35.04 Billion |
Market Growth Rate 2024-2032 |
8.80% |
UK Healthcare IT Market Trends:
Digital transformation in healthcare
The constant adoption of new technologies and the new generation controllers for health care delivery in the UK has remained the catalyst of the healthcare IT market. The national health service (NHS) has been proactively engaging in investing in digital health technologies for the improvement of care delivery, operational efficiency, and patient access. This comprises the electronic health records (EHRs), telemedicine platforms, and mobile health applications. The use of technology as a primary approach is consistent with the NHS long term plan that seeks to leverage technology as an ultimate solution for creating a sustainable improvement in the delivery of care. The use of digital technology in deliverer of healthcare makes work easier to reduce the amount of paperwork needed and the end cost of being operationally effective thus impacting on the patients positively. This push towards digital inclusion is propelling the need for enhanced HIIT solutions and products throughout the nation.
Rising demand for telemedicine
The rising popularity of telemedicine across the United Kingdom and particularly during and in the aftermath of the COVID-19 outbreak is augmenting the market. Patients and health facilities have embraced the virtual consultations to tackle medical complications from the comfort of their homes and improve patient experience. Modern healthcare delivery models are designed to place patients at the heart of treatment decisions, requiring advanced IT systems for personalized treatment plans. Electronic health records (EHRs) allow healthcare providers to maintain detailed and easily accessible patient histories, improving the accuracy and speed of care. The NHS has increased the utilization of telehealth, thereby enhancing virtual consultations. This has led to more investments in secure and efficient telemedicine approaches, the healthcare IT suppliers continuing to compete to design new approaches. Additionally, digital platforms enable patients to monitor their own health, book appointments, and communicate with healthcare professionals.
Changing government initiatives and policies
Government-backed initiatives and policies are playing a pivotal role in driving the UK healthcare IT market. The NHS has been implementing numerous programs, such as the Global digital exemplars and NHS digital academy, to encourage the adoption of cutting-edge technologies in healthcare. Financial incentives and regulatory support provided by the government make it easier for healthcare providers to invest in IT infrastructure. The government’s focus on enhancing patient care quality and improving healthcare services through digital solutions, including AI and machine learning, is propelling the demand for sophisticated IT systems. These policies are geared towards modernizing the healthcare sector, thereby driving growth in healthcare IT.
UK Healthcare IT Market News:
- On 12th June2024, Xerox and Induction Healthcare Ink formed a partnership to transform patient communications across NHS Trusts. This collaboration aims to improve patient communication and optimize the use of electronic patient record (EPR) systems.
UK Healthcare IT Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product and services, component, delivery mode, and end user.
Product and Services Insights:
- Healthcare Provider Solutions
- Clinical Solutions
- Nonclinical Healthcare IT Solutions
- Healthcare Payer Solutions
- Pharmacy Audit and Analysis Systems
- Claims Management Solutions
- Analytics and Fraud Management Solutions
- Member Eligibility Management Solutions
- Provider Network Management Solutions
- Billing and Accounts (Payment) Management Solutions
- Customer Relationship Management Solutions
- Population Health Management Solutions
- Others
- Healthcare IT Outsourcing Services
- Provider HCIT Outsourcing Services Market
- Payer IT Outsourcing Services
- Operational IT Outsourcing Services
The report has provided a detailed breakup and analysis of the market based on the product and services. This includes healthcare provider solutions (clinical solutions and nonclinical healthcare IT solutions), healthcare payer solutions (pharmacy audit and analysis systems, claims management solutions, analytics and fraud management solutions, member eligibility management solutions, provider network management solutions, billing and accounts (payment) management solutions, customer relationship management solutions, population health management solutions, and others), and healthcare IT outsourcing services (provider HCIT outsourcing services market, payer IT outsourcing services, and operational IT outsourcing services).
Component Insights:
- Software
- Hardware
- Services
A detailed breakup and analysis of the market based on the component have also been provided in the report. This includes software, hardware, and services.
Delivery Mode Insights:
The report has provided a detailed breakup and analysis of the market based on the delivery mode. This includes on-premises and cloud-based.
End User Insights:
- Healthcare Providers
- Hospitals
- Ambulatory Care Centers
- Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities
- Diagnostic and Imaging Centers
- Pharmacies
- Healthcare Payers
- Private Payers
- Public Payers
- Others
A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes healthcare providers (hospitals, ambulatory care centers, home healthcare agencies, nursing homes, assisted living facilities, diagnostic and imaging centers, and pharmacies), healthcare payers (private payers and public payers), and others.
Regional Insights:
- London
- South East
- North West
- East of England
- South West
- Scotland
- West Midlands
- Yorkshire and The Humber
- East Midlands
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and Others.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
UK Healthcare IT Market Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
USD Billion |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
- Product and Service
- Component
- Delivery Mode
- End User
- Region
|
Product and Services Covered |
- Healthcare Provider Solutions: Clinical Solutions, Nonclinical Healthcare IT Solutions
- Healthcare Payer Solutions: Pharmacy Audit and Analysis Systems, Claims Management Solutions, Analytics and Fraud Management Solutions, Member Eligibility Management Solutions, Provider Network Management Solutions, Billing and Accounts (Payment) Management Solutions, Customer Relationship Management Solutions, Population Health Management Solutions, Others
- Healthcare IT Outsourcing Services: Provider HCIT Outsourcing Services Market, Payer IT Outsourcing Services, Operational IT Outsourcing Services
|
Components Covered |
Software, Hardware, Services |
Delivery Modes Covered |
On-premises, Cloud-based |
End Users Covered |
- Healthcare Providers: Hospitals, Ambulatory Care Centers, Home Healthcare Agencies, Nursing Homes, and Assisted Living Facilities, Diagnostic and Imaging Centers, Pharmacies
- Healthcare Payers: Private Payers, Public Payers
- Others
|
Regions Covered |
London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, Others |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the UK healthcare IT market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the UK healthcare IT market?
- What is the breakup of the UK healthcare IT market on the basis of product and services?
- What is the breakup of the UK healthcare IT market on the basis of component?
- What is the breakup of the UK healthcare IT market on the basis of delivery mode?
- What is the breakup of the UK healthcare IT market on the basis of end user?
- What are the various stages in the value chain of the UK healthcare IT market?
- What are the key driving factors and challenges in the UK healthcare IT?
- What is the structure of the UK healthcare IT market and who are the key players?
- What is the degree of competition in the UK healthcare IT market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the UK healthcare IT market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the UK healthcare IT market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the UK healthcare IT industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.