Denmark Digital Health Market Analysis Report 2022 to 2030

Denmark Digital Health Market Analysis

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Denmark'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. The market will be driven by the government's support and investment in digital health initiatives. The market is segmented by solution, by deployment & by end-use. Some of the major players include KMD, Insilico Medicine & Lenus.

ID: IN10DKDH005 CATEGORY: Digital Health GEOGRAPHY: Denmark AUTHOR: Vidhi Upadhyay

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Denmark Digital Health Market Executive Summary

Denmark'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. Denmark's healthcare spending for 2019 was $6,003, a 3.43% decline from 2018. The largest category of health spending in Denmark is outpatient care. The Danish healthcare system is built on a network of regional hospitals and primary care providers, and individuals have the freedom to pick their own physicians and facilities. Additionally, the system places a strong emphasis on preventative care and early intervention, with a focus on promoting healthy lifestyles and preventing chronic diseases.

Denmark is regarded as one of the most advanced countries in the world in terms of digital health, and its initiatives serve as an example for other countries seeking to enhance their healthcare systems via the use of digital technology. Denmark holds a strong place in the execution of a nationwide EHR system. This technology is designed to make it easier for physicians and other healthcare workers to share information and cooperate with patient care.

Denmark has introduced a variety of additional digital health technologies, including telemedicine, electronic prescription, and online patient portals, in addition to the EHR system. Telemedicine enables patients to obtain medical consultations remotely using virtual meetings, which is especially beneficial for those who live in distant or rural places. E - prescribing facilitates the filling of prescriptions and may lessen the risk of pharmaceutical mistakes. Patients can use online patient portals to view their medical data and test results, as well as communicate with their healthcare professionals.

denmark digital health market analysis

Market Dynamics

Market Growth Drivers

Denmark is at the forefront of modern IT systems in hospitals and GP clinics, as well as digital communication among healthcare stakeholders. Denmark is a world leader in software design, robotics, audio technology, and mobile technology. Additionally, global technology companies regard Denmark as an AI hub - the go-to location for cutting-edge research, talent, and innovation, as well as strong business practices and trust which is expected to be one of the main reasons for increasing investments for the expansion of the digital health sector. In 2018, the Ministry of Health launched its digital health strategy 2018-2022 to further ensure "A Coherent and Trustworthy Health Network for All". the government's support and investment in digital health initiatives play a significant role in the development and implementation of digital health solutions in the country.

Market Restraints

With an increase in the adoption of digitization, healthcare data are more subjected to threats. It becomes very crucial to ensure a safe and trusted space for caregivers and care users to access their stored data. Moreover, other factors such as lack of standardization to the digital solutions available, interoperability issues, lack of proper regulations, and oversight in digital health, which can lead to confusion and mistrust among patients and healthcare providers; can lead to a slowdown in the growth of the digital health market.

Competitive Landscape

Key Players

KMD (DNK): A provider of IT services and solutions to the public sector, including healthcare providers. KMD's digital health solutions digitize healthcare activities across all healthcare areas
Insilico Medicine (DNK): A company that uses artificial intelligence and machine learning to analyze healthcare data and develop personalized medicine
Lenus (DNK): The firm provides the Lenus Platform, which allows patients to create tailored diet programs based on their needs and dietary preferences. It also aids in the monitoring of patient's health
Liva Healthcare (DNK): Provider of chronic care management solutions for patients and healthcare professionals
RSP Systems (DNK): The manufacturer of a non-invasive blood glucose monitoring gadget. The GlucoBeam is based on Raman spectroscopy, a proprietary direct optical detection technology

Healthcare Policies and Regulatory Landscape

Denmark has a well-established digital health strategy that encourages the use of digital technologies in healthcare to improve the efficiency, quality, and accessibility of healthcare services. The Danish Medicines Agency (DMA) is responsible for regulating the usage and distribution of digital medicines, mobile apps, and other digital health technologies that are used to diagnose or treat medical conditions.

The National Board of Health (NBH) is in charge of establishing standards and recommendations for the use of digital health technology in healthcare, such as electronic health records and telemedicine solutions. The Danish Data Protection Agency (DDPA) is in charge of verifying that digital health solutions conform with data protection and privacy legislation, such as the General Data Protection Regulation (GDPR). The public health sector provides solutions such as the Shared Medication Record ("Medicinkortet") and the Danish Health Portal ("Sundhed.dk") to provide both access to and information about all the Danish Healthcare Services.

Reimbursement Scenario

In Denmark, the Danish Health Authority (Sundhedsstyrelsen) determines which services and treatments are covered under the national healthcare system. Digital health solutions authorized by the Danish Medicines Agency (DMA) or other relevant regulatory organizations are generally eligible for compensation under the national healthcare system. However, funding for digital health solutions varies according to the technology and the healthcare provider.

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.