Belgium Digital Health Market Analysis Report 2022 to 2030

Belgium Digital Health Market Analysis

$ 3999

The Belgium 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. The market will be driven by the rising demand for cost-effective healthcare & increasing aging pollution. The market is segmented by solution, by deployment & by end-use. Some of the major players include Indigo, Icometrix & Arseus Medical.

ID: IN10BEDH005 CATEGORY: Digital Health GEOGRAPHY: Belgium AUTHOR: Vidhi Upadhyay

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Belgium Digital Health Market Executive Summary

The Belgium 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. Belgium's healthcare spending for the year 2019 was $4,960 (10.7 % of GDP), a 3.39% decline from the year 2018 yet was higher than the EU average of 9.9%. Tobacco consumption, dietary risks, and alcohol consumption are major contributors to mortality in Belgium. Overweight and obesity rates have also raised, driven by poor nutrition and low physical activity.

Belgium was one of the first European countries to implement electronic health records, as well as the first to provide an electronic ID card to the whole population. Belgium also established an e-health platform to guarantee the interchange of health data for a variety of uses, including health care, administrative simplification, and contribution to health policy. A hub-meta hub system facilitates the interchange of health data.

Several projects have recently been launched by multiple groups, including the Belgian Health Data Authority, the Agoria Health Data Charter, the ICURO paper on "Big data in de gezondheidszorg," the RWE4Decision, and many more.

belgium digital health market analysis

Market Dynamics

Market Growth Drivers

Positive government initiatives promoting the digitization of the health sector, rising demand for cost-effective healthcare, increasing ageing population, rise in chronic illness, increasing penetration of mobile phones & increasing adoption of electronic health records and other digital tools to improve the coordination of care have been the major factors influencing the growth of the Belgium digital health market.

Market Restraints

Lack of governance: Lack of a legal framework for the “national consent and approval model” for the utilization of data, data security and access decisions over eHealth platforms. Funding & Incentives: Public and private fundings need a larger share of attention to maintain a massive digital infrastructure. These are the few restraints that are affecting the growth of Belgium's digital market.

Competitive Landscape

Key Players

Indigo (BEL): is working on a needle-free continuous glucose monitoring method based on photonics
Icometrix (BEL): produces AI-based software for the processing of brain MRI images. MSmetrix, the company's main tool, statistically analyses brain MRI scans for atrophy and lesion load to assist clinicians in diagnosing and monitoring multiple sclerosis
Arseus Medical (BEL): formerly Omega Medical BV, provides diagnostic and treatment services to specialised healthcare practitioners
FibriCheck (BEL): Creator of a medical app for detecting arrhythmias. Patients can use the app to identify heart arrhythmias
Agfa HealthCare (BEL): a leading provider of digital imaging and information systems for healthcare facilities
Medtronic: a global healthcare company that offers a wide range of digital health solutions, including remote monitoring and telemedicine

Healthcare Policies and Regulatory Landscape

The Federal Public Service (FPS) Health, Food Chain Safety, and Environment is in charge of healthcare policy, including digital health policies. To encourage the use of digital technology in the healthcare industry, FPS Health has a national eHealth platform and a digital strategy.

The Belgian Health Data Authority very well supported the existing initiatives of the five main government organisations working with health and healthcare data (FAGG—AFMPS), FPS Public Health, Food Chain Safety and Environment (FODVVVL—FPSSPSCAE), Belgian Health Care Knowledge Centre (KCE), National Institute for Health and Disability Insurance (RIZIV—INAMI), and Sciensano). Its goal was to develop skills for data collecting, data analysis, data quality, data processes, data catalogues (including metadata), and master data management.

Reimbursement Scenario

In Belgium, coverage is practically universal, with 99% of the population receiving healthcare services. There is also a reimbursement scheme for digital health goods and services through FPS Health. The reimbursement procedure is similar to that of conventional healthcare treatments, and digital health goods and services must be medically required in order to be placed on the reimbursement list. The National Institute for Health and Disability Insurance (NIHDI) manages the reimbursement list.

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.