Austria Digital Health Market Analysis Report 2022 to 2030

Austria Digital Health Market Analysis

$ 3999

Austria's Digital Health market is projected to grow from $xxBn in 2022 to $xxBn by 2030, registering a CAGR xx% during the forecast period of 2022-30. The market will be driven by government and private sector investments and upcoming innovations in digital health. The market is segmented by solution, by deployment & by end-use. Some of the major players include GE Healthcare, Contextflow & SteadySense.

ID: IN10ATDH005 CATEGORY: Digital Health GEOGRAPHY: Austria AUTHOR: Vidhi Upadhyay

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Austria Digital Health Market Executive Summary

Austria's Digital Health market is projected to grow from $xxBn in 2022 to $xxBn by 2030, registering a CAGR xx% during the forecast period of 2022 - 2030. Austria's healthcare spending for 2019 was $5,242, a 1.5% decline from 2018 yet the health expenditure (%GDP) saw a rise from 10.32% in 2018 to 10.43% in 2019, according to the World Health Organization Global Health Expenditure database. The Austrian healthcare system is considered to be one of the best in Europe, with a high level of accessibility and quality of care.

Austrian digital healthcare is well-developed and has grown in recent years, with an emphasis on enhancing the quality of care and efficiency. The nation has an excellent healthcare infrastructure, with significant investment in digital health technology like electronic health records (EHRs) and telemedicine. Most emerging areas of digital health in Austria are AI applications that aid disease diagnosis. “Elektronische Gesundheitsakte” (ELGA), Austria's unified electronic patient record system, has been in use since 2014 and is expanding in scope and functionality.

Health Hub Vienna (HHV) has been an innovation Hub in Austria. The goal of this community platform is to actively support reform in the European healthcare system by fostering a collaborative and inventive culture. (start-ups, the pharmaceutical industry, device manufacturers, insurance companies, legal experts, the public sector, non-profits, doctors, patients, nurses, and all other HCP and delivery partners).

austria digital health market analysis

Market Dynamics

Market Growth Drivers

The Austrian government has made significant investments in digital projects, including the adoption of electronic health records (EHR) in several hospitals, general practitioners, and pharmacies. COVID – 19 paved a way for the implementation of digital health solutions in Austria during which a trial project in two districts of the federal state of Carinthia was scheduled to run from April 2020 to May 2022, with permanent implementation scheduled for 2022 which allowed effective implementation to the E prescriptions.

Market Restraints

Some physicians and practitioners believe it is not secure enough in regards to data security and that the operations are particularly complicated. Also, some digital health innovators find the ELGA systems less encouraging toward creative start-up solutions. Data inputs for patients are still very limited and navigation toward software data is yet something difficult and needs improvement. The lack of progress in favor of the status quo is acknowledged as a major impediment to value-based healthcare in Austria.

Competitive Landscape

Key Players

Contextflow (AUT): Provider of a platform for medical image analysis based on artificial intelligence
SteadySense (AUT): provides a platform for remote monitoring for healthcare professionals and patients
GE Healthcare: It is a top national company, its digital solutions suite of applications utilizes technology like preventive, predictive, and prescriptive analytics to improve patient outcomes
Cerner Österreich GmbH: They have been building IT solutions to assist & enhance healthcare for 40 years
Medicus AI (AUT): AvProvider of an AI-based application for medical diagnostic report assessment

Healthcare Policies and Regulatory Landscape

In Austria, digital health is regulated by the Austrian Federal Ministry of Health and the Austrian Federal Ministry for Digital and Economic Affairs. The Ministry of Health is in charge of medical equipment and in-vitro diagnostic device regulation, while the Ministry of Digital and Economic Affairs is in charge of eHealth services and data protection legislation. The Austrian Health Information Platform (HIP), serves as a main hub for the exchange of health information between healthcare providers.

Austrian electronic health records (ELGA) ELGA is an information system that makes it easier for patients, physicians, and other healthcare workers to access their health records at hospitals, care centers, and pharmacies.

The Austrian Medical Association and the Austrian Chamber of Physicians (ÖAK) have also established recommendations for the use of digital health tools to assure the quality and safety of care, such as telemedicine and remote monitoring.

Reimbursement Scenario

By combining nine former regional health insurance funds, the Austrian health insurance (Die Österreichische Gesundheitskasse (ÖGK)) was formed. The ÖGK is headquartered in Vienna. The product or services that are listed under the “Positive list” are subjected to reimbursement through the national health insurance system and those not listed fail to be reimbursed.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Digital Health Market Segmentation

The Digital Health Market is segmented as mentioned below:

By Solution (Revenue, USD Billion):

Software
Services

By Deployment (Revenue, USD Billion):

Cloud-based
On-premises

By End-use (Revenue, USD Billion):

Diagnostic Centres
Healthcare Payers
Healthcare Research Centres
Hospitals & Clinics
Nursing Care Centres
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.