Belgium Connected Healthcare Market Report 2022 to 2030

Belgium Connected Healthcare Market Analysis

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Belgium's connected healthcare market is projected to grow from $145.99 Mn in 2022 to $1078.57 Mn by 2030, registering a CAGR of 28.4% during the forecast period of 2022-30. The main factors driving the growth would be the ageing population, technological innovation, increasing prevalence of chronic diseases and government support. The market is segmented by type, function and by application. Some of the major players include Agfa Healthcare, Barco, BeWell Innovations, Oracle, Honeywell and Medtronic.

ID: IN10BEHS004 CATEGORY: Healthcare Services GEOGRAPHY: Belgium AUTHOR: Neha Davda

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Belgium Connected Healthcare Market Executive Summary

Belgium's connected healthcare market is projected to grow from $145.99 Mn in 2022 to $1078.57 Mn by 2030, registering a CAGR of 28.4% during the forecast period of 2022 - 2030. In 2019, healthcare spending in Belgium as a percentage of GDP was 10.66% or $4,960.39 per person. It spent more than the current EU average of 9.9%. Compared to the EU norm of 80%, 77% of all health expenditures were public, a significant decrease.

Belgium has been working to incorporate innovation and technology into its healthcare system in recent years. A connected healthcare market that promises to enhance patient outcomes, boost effectiveness, and cut costs has emerged in Belgium as a result of this.

Electronic health records (EHRs), wearable technology, mobile health (mHealth) apps, and telemedicine are just a few of the technologies and services that make up Belgium's connected healthcare sector. These tools and services are being utilised to enhance the provision of healthcare and provide individuals more control over their own care. Many factors have contributed to the expansion of the connected healthcare sector in Belgium. In encouraging the implementation of connected healthcare technologies, the Belgian government has also contributed. In order to make it easier for healthcare practitioners to access patient information and medical data, the government launched a nationwide eHealth platform.

Belgium Connected Healthcare Market

Market Dynamics

Market Growth Drivers

The Belgium-connected healthcare market is expected to be driven by factors such as:

Ageing population- With a sizable part of the population over 65, Belgium has an ageing population. Those who are older are more prone to chronic diseases that need to be monitored and managed on a regular basis
Technological innovation- The development of connected healthcare technology is being done by a number of start-ups and well-established businesses in Belgium, a centre of technological innovation. These technologies include telemedicine platforms, remote monitoring systems, and wearable technology
Increasing prevalence of chronic diseases- In Belgium, the prevalence of chronic conditions like diabetes, cardiovascular disease, and respiratory disease is rising. Connected healthcare technologies can make it easier to control and continuously monitor certain disorders
Government support- The adoption of connected healthcare technologies has been actively promoted by the Belgian government. The government has started a number of programs to aid in the growth of remote monitoring and telemedicine services. The national eHealth platform, which enables easier access to patient records and medical data for healthcare professionals, was also developed with funding from the government

Market Restraints

The following factors are expected to limit the growth of the connected healthcare market in Belgium:

Privacy and security concerns- Sensitive medical data is collected and shared by connected healthcare technologies. The usage of such data can raise privacy and security concerns that may restrict the adoption of connected healthcare systems
Digital divide- Although mobile devices and high-speed internet are widely available in Belgium, some areas of the population still do not have access to these innovations. This might prevent these regions from embracing connected healthcare technologies
Reimbursement issue- The usage of connected healthcare technologies by healthcare professionals is not compensated majorly. This might discourage small healthcare providers from implementing this technology

Competitive Landscape

Key Players

Agfa Healthcare (BEL)- a Belgium firm that offers enterprise imaging platforms, digital radiography, picture archiving, and communication systems, as well as medical imaging and IT solutions
Barco (BEL)- a Belgian firm that offers software and visualisation technology for the healthcare sector, including tools for patient monitoring and surgical displays
BeWell Innovations (BEL)- focuses on telemedicine solutions, including digital health platforms for managing chronic diseases, remote patient monitoring, and teleconsultations
Oracle- every healthcare task can be handled on Oracle Cloud Infrastructure, which also provides more detailed and informed care options, anticipates patient risk factors and provides a better, more patient-centred healthcare experience
Honeywell- provides a comprehensive technology platform for the healthcare industry that helps hospitals and clinics operate more effectively, safely, and profitably. With the integration of building controls, nurse calls, and real-time location systems, Honeywell's Connected Hospital Initiative provides intelligence monitoring that facilitates improved patient flow and quick responses
Medtronic- is a leader in medical technology, services, and solutions. For connected care, Medtronic provides Get Ready Remote Patient management, a digital remote patient management solution that enables hospitals to provide operation preparation

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market 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 Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Connected Healthcare Market Segmentation

By Type (Revenue, USD Billion):

Based on the Type the market is segmented into mHealth services, mHealth Devices, and E- Prescription

MHealth services
mHealth Devices
E- Prescription

By FunctionType (Revenue, USD Billion):

Remote patient monitoring
Clinical monitoring
Telemedicine
Others (Assisted Living)

By Application Type (Revenue, USD Billion):

Diagnosis and Treatment
Monitoring Application
Wellness and Prevention
Healthcare management
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.