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Unlock Your Global Business PotentialThe UK digital health and care opportunity
DIGITALHEALTHAND CARE
SECTOROVERVIEW
MARKETOPPORTUNIT
Y
MARKET SUCCESS
RICH AND DIVERSE
ECOSYSTEM
EASE OF DOING
BUSINESS
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UK’S DIGITAL HEALTH AND CARE OFFER
The UK Government recognised the need to provide better support for overseas business
UK Trade & Investment has established the Life Science Investment Organisation (LSIO), the LSIO is here to help your business navigate the opportunity to partner with and invest in the UK and to connect you to wider UK life science community
For further details on the LSIO and the UK life sciences offer for industry, visit: www.ukti.gov.uk/lifesciences
Contact: [email protected]
You can get in touch with the UKTI Life Science Investment Organisation
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DIGITAL HEALTH AND CARE – MULTI-SECTOR CONVERGENCEThe impact technology can have in healthcare is profound and transformative.
The UK’s digital ambitions for the health service are to:
•Integrate solutions around the patient
•Widespread use of technology
•Electronic health records to become norm
•National standards throughout the health and care sector
SECTOR OVERVIEW
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THE GLOBAL DIGITAL HEALTH MARKET IS EXPANDING RAPIDLYThe global digital health and care market is expanding rapidly. Now is the time for companies to actively participate in this growing and diversifying market
Smartphone Users Worldwide Will Total 1.75 Billion in 2014
eMarketer.com, 2014
By 2017, the largest markets for mobile health
services will be Europe with 30% market share,
jointly with AsiaPwC, 2012
The global market for electronic health records (EHR) is estimated to reach £13.3 billion by the end of 2015
Accenture, 2014
#EHR, #PHR, #EPR
#eHealthExtensive permeation of ICT creates endless potential for ehealth applications with an estimated market to reach £95.3 billion in 2015
GSMA, 2012
£13.7 billionThe worldwide mobile health revenue is expected to reach about £13.7 billion across all stakeholders – mobile operators, device vendors, healthcare providers and content/application players - by 2017.
PwC, 2012
Monitoring services and applications
(65%)Diagnostic
s(15%)
Treatment(10%)
Healthcare
Practitioner Support
(5%)Wellness
(3%)
#mhealth
#GenomicsThe personal genomics market will grow to £11.3 billion by 2018
Markets and Markets, 2014
#HealthITThe global health IT market is expected to reach £34 billion by 2017
Markets and Markets, 2013
#WearablesThe global market for wearable technology will rise to 210 million unit shipments and £18 billion in revenue by 2018
IHS, 2013#AppsThe health and wellness application market is expected to touch £12.3 billion by 2018
M2M, 2013
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The UK offers digital health companies a range of opportunities to engage and unrivalled commercial advantages
THE UK IS GEARING UP FOR THE DIGITAL HEALTH REVOLUTION
The UK National Health Service (NHS) spent a budget of c£120 billion across the UK in 2013/14
The UK private healthcare market which is growing and estimated to reach £35 billion by 2015
The UK NHS social care budget is approximately £17 billion and dominated by assistive technologies.
The UK has identified e-health as a growth area for the UK economy and has selected Big Data as one of the Eight Great Technologies. The big data revolution will to grow a data-based healthcare economy in the UK through the creation of new products and services.e
Access to world class data Strong research, IP and world leading academic environment
Gateway to Europe and the world
Deep expertise and vibrant talent pool
Innovation-focused communities Catapults to accelerate ideas to commercial success
Wide range of funding support and fiscal incentives
Active business and investment environment
MARKETOPPORTUNITY
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UK’S DIGITAL HEALTH AND CARE OFFER
• Strong life sciences, creative, IT and electronics industries
• Leading talent, academia and research
Moving towards an
Integrated Health and Care
System
WORLD CLASS DATA
CO
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PEO
PLE
MU
LTI-S
ECTO
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• Open and big data• Diverse patient level dataset• Shift towards cloud computing
• Active web and social network usage
• Reliable superfast fixed and mobile connectivity
• Unlock the power of data through advanced analytics
• Smarter use of data to inform decision making and create value
• Connect with a web, mobile and tech active consumer base
• Leverage UK-wide advanced connectivity capabilities
• Partner with the world’s leading academic and research institutions
• Access talent from industry across multiple strong UK sectors
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MOVING TOWARDS AN INTEGRATED HEALTH AND CARE SYSTEMThe UK government has made strong commitments to move to a fully integrated health and care system enabled through technology. The vision for the Department of Health is an information revolution where people have access to the right information they need.
Scotland’s National Telehealth and Telecare Delivery Plan to 2015, sets out the vision and direction for how the use of technology will be integrated into service development and delivery
Wales already has a Digital Wales policy with several integrated service projects including Gwent Frailty Project, Wrexham Frailty Project and the Wyn Campaign
Integrated Health and Care
Northern Ireland already operates in an integrated health and care system with a Single Electronic Care Record for every patient. The ‘Transforming Your care’ review paints the vision moving
forward
England’s ‘Integrated Care and Support’ framework and future Care Act, sets out how local areas can use
existing structures to further steps towards integration
Several collaborative
projects exist across the UK and the wider
EU
The UK is currently the largest EU
spender for telehealth
England’s Secretary of State for Health has set a digital challenge to the NHS to become paperless by 2018, making it the most modern digital health and care service in the world
“ “DIGITAL CHALLENGE
Transparency – the safe sharing of data and information between clinicians and with patients
NHS Mandate “By March 2015, everyone who wants it will be able to get online access to their GP record, as well as book appointments with their GP and order repeat prescriptions online.”
Participation – supporting patients and the public to take more control of their health and care.
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Dealing with over 1million patients every 36 hours and employing over 1.7million people, the NHS generates and manages vast amounts of data continuous since its inception in 1948. This presents a significant opportunity for companies to find innovative ways to take advantage of this data and create value.
Engage with and access a large and diverse data set
Extract information through data analysis
Smarter use of information to inform decision making and create value across UK/Europe
Health & Social Care Information Centre (HSCIC) is England’s central source of health and social care information that manages Hospital Episodes Statistics (HES) patient level data
Care.data, a new programme to develop established national datasets such as HES into a comprehensive source of data across the patient pathway.
UK Biobank is a detailed study that is building a resource able to track people’s health over the next 30 years
Anonymised, aggregated and in some cases pseudonymised health and social care programmes such as CPRD in England, SAIL in Wales, SHIP in Scotland and Honest Broker Service in Northern Ireland
Prescribing Analytics. Using open data to identify points at which we can optimise the healthcare system – Open Healthcare UK and Mastodon C
Active participation in networks to translate information into daily health and care practice – Greater Manchester AHSN and Hitachi
Create a Research Centre focused on Big Data – UCL Elsevier Big Data Institute, UCL
Establish a Health Informatics centre – Farr Institute, UCL
WORLD CLASS DATA
Develop a data analysis and R&D centre with an academic institution – Imperial College and Huawei
Big data health research and offer patients better, safer and more personalised treatments – Li Ka Shing Centre for Health Information and Discovery, Oxford University
Incubator for open data research and innovation – Open Data Institute
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CONNECTED PEOPLE
The UK is Joint top third for fixed broadband subscriptions/ 100 worldwide
73% of the UK population access the internet every day
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MULTI-SECTOR CONVERGENCE
Industry voice – associations representing the companies interests to the government and helping members and the sector to grow
Standards – Information and interoperability standards both in the UK, EU and globally are key to success in digital health
Med City London
Tech City London
Thames Valley Cambridge
Glasgow
Manchester
Cardiff
West MidlandsBelfast
UK
Tech
nolo
gy
com
mu
nit
ies
Gaming, Virtual realityApp developmentMedia
Security
Software developmentNetworks
As industries overlap, there is enormous potential for innovation and partnerships developing digital solutions for improved health and well-being for a healthcare market which represents approximately 10% of the economy as a whole
Creative
Sciences
Technology
Regulation – ensuring safety and compliance for digital health solutions impacting on clinical decision making
Research – tap into a rich talent resource and ecosystem of developers, IT, data scientists, physicians from centres of excellence to understand digital health, big data, future trends and develop the future innovations in the sector
EASE OF DOING BUSINESS
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FISCAL INCENTIVESThe UK’s business environment favours innovation-oriented businesses by providing the support to nurture pioneering companies through catalysing their innovation and achieving commercial success. This commercial environment combined with the increased access to health care data is redefining the UK as the go-to place to establish digital health and care companies.
£
R&D tax credits Small and medium sized
enterprises (SMEs) are entitled to tax relief at 225%; for every
£1 spent on R&D in the UK, £2.25 can be put against the company’s corporation tax
liability. For larger companies, tax relief is at 130%.
Patent Box which reduces corporation tax on profits from UK patents to
10%.
Patent Box
Low corporation tax rate currently at 21% and dropping to 20%
by April 2015.
£
Funding for business growth
(in England and the Devolved Administrations)
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DIRECT FUNDING OPPORTUNITIES
Tec
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Str
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Bo
ard
(T
SB
) fu
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The UK has many funding opportunities available to inward investors as well as UK based organisations to support technology development. The government and NHS are investing £1 billion in technology over the next 3 years.
The Digital Economy Research Hubs use a £12 million fund in flexible funding from EPSRC to explore how technology can transform lives. The Engineering and Physical Sciences Research Council (EPSRC) is the UK’s main agency for funding research in engineering and the physical sciences. EPSRC invests around £800 million a year in research and postgraduate training, to help the nation handle the next generation of technological change
Digital Health in a hospital setting: will open at end of April 2014, worth approximately: £6m, with an aim to support the rapid movement of patients through the hospital setting using digital health technologies
DIGITAL HEALTH IN A HOSPITAL SETTING £6M FUND
In 2014/15, the £200m Small Business Research Initiative (SBRI) connects public sector challenges with innovative ideas from industry, supporting companies to generate economic growth and enabling improvement in achieving government objectives.
Launchpads provide funding for business innovation that aims to support the development and strengthening of clusters of small and medium sized high-tech companies in specific theme areas and geographical locations.
Collaborative research and development (R&D) encourages businesses and researchers to work together on innovative projects in strategically important areas of science, engineering and technology – from which successful new products, processes and services can emerge, contributing to business and economic growth.
£180 million Biomedical Catalyst is a joint TSB and Medical Research Council programme that offers funding to innovative businesses who are small and medium-sized enterprises (SMEs), and researchers looking to work either individually or in collaboration to develop solutions to healthcare challenges.
IC tomorrow is a test bed for Digital Innovators to experiment and ascertain the commercial feasibility of their idea.
Catapult is a technology and innovation programme where the very best of the UK's businesses, scientists and engineers can work side by side, transforming ideas into new products and services to generate economic growth through £1bn of private and public sector investment
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Professor Sir Bruce Keogh, Medical Director of NHS England said: “This new fund will help patients get better and safer care by giving doctors access to the right information when they need it most.”
INDIRECT FUNDING OPPORTUNITIES
Safe Wards, Safer Hospitals Fund is available to NHS
Trusts, including Foundation Trusts, to support the rapid
progression from paper-based systems for patient notes
and prescriptions to integrated digital care records (IDCRs)
and the development of ePrescribing and eReferral systems
The UK has many funding opportunities companies can tap into through partnerships with NHS providers, commissioners.
£260m
Wales £40m ‘Invest to Save’ fund to support the introduction of new or proven ways of working
Regional Collaboration fund announced in Oct 2012 to encourage regional collaboration also has proposals for additional work streams into 2014
£50m Intermediate Care Fund available in 2014/15 to encourage integrated working between health, local authorities and housing.
The NHS England £3.8bn Better Care Fund (formerly the Integration Transformation Fund) was announced in the June 2013 spending round, to ensure a transformation in integrated health and social care. The Better Care Fund (BCF) is a single pooled budget to support health and social care services to work more closely together in local areas.
RICH AND DIVERSE ECOSYSTEM
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A snapshot of UK organisations participating in the developing a digital health ecosystem
UK DIGITAL HEALTH ECOSYSTEM
MARKET SUCCESSFDI CASE STUDIES•Patientslikeme•Greater Manchester organisations/Hitachi•UCL Big Data Institute (UCL/Elsevier)•Digital Health Institute Scotland•Greater Manchester Organisations/GSK•TF3 Consortium
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