Indonesia Connected Healthcare Market Analysis

Indonesia Connected Healthcare Market Analysis


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The Indonesia-connected healthcare market is projected to grow from $398.16 Mn in 2022 to $2941.56 Mn by 2030, registering a CAGR of 28.4% during the forecast period of 2022 - 2030. The main factors driving the growth would be rising healthcare spending, chronic disease burden, and government support. The market is segmented by type, function and by application. Some of the major players include Halodoc, Alodokter, SehatQ, Good Doctor, Medtronic and Honeywell.

ID: IN10IDHS004 CATEGORY: Healthcare Services GEOGRAPHY: Indonesia AUTHOR: Neha Davda

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Indonesia Connected Healthcare Market Executive Summary

The Indonesia-connected healthcare market is projected to grow from $398.16 Mn in 2022 to $2941.56 Mn by 2030, registering a CAGR of 28.4% during the forecast period of 2022 – 2030. Indonesia spent $120.12 per person, or 2.9% of its GDP, on government health care in 2019. Indonesia spends comparatively little overall on healthcare per person compared to nations with much lower national per capita incomes, such as Laos, Cambodia, and Myanmar.

The connected healthcare market in Indonesia is a developing industry that integrates healthcare and technology to offer the people of that country more easily available, effectively priced healthcare services. Technologies including telemedicine, remote monitoring, health information exchange, mobile health, and other digital health solutions are available on the market.

Many issues, such as a lack of infrastructure, affect Indonesia's healthcare industry. The COVID-19 pandemic has also brought attention to how crucial it is to implement connected healthcare systems in order to guarantee that patients receive prompt and appropriate care while reducing the risk of infection. The Indonesian government has developed numerous initiatives to encourage the adoption of connected healthcare technologies as a way to address the country's healthcare concerns.

Indonesia Connected Healthcare Market Report 2022 to 2030

Market Dynamics

Market Growth Drivers

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

  1. Rising healthcare spending- The rising middle class, increasing household incomes, and population expansion in Indonesia have all contributed to the country's constantly rising healthcare spending in recent years. The increased demand for healthcare services has given healthcare providers and technology firms the chance to offer creative solutions
  2. Chronic disease burden- The prevalence of chronic diseases like diabetes, hypertension, and cardiovascular disease is particularly high in Indonesia. By remote monitoring and individualised care, connected healthcare systems can assist in better managing chronic illnesses
  3. Government support- The formulation of a national e-health plan and the introduction of telemedicine services in rural regions are only two of the initiatives the Indonesian government has taken to encourage the use of digital healthcare technologies

Market Restraints

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

  1. Limited healthcare infrastructure- Indonesia's healthcare system is still being developed, especially in rural areas. This might make it more difficult for tech firms and healthcare providers to scale and implement digital healthcare solutions, especially if those solutions call for expensive infrastructure or equipment
  2. Regulatory challenges- Indonesia's regulatory framework for digital healthcare solutions is still developing, and there is little guidance or regulation in place. Healthcare providers and technology firms trying to develop and deploy these solutions may experience uncertainty as a result, which could reduce their willingness to engage in the industry
  3. Fragmented healthcare system- The healthcare system in Indonesia is highly fragmented, with numerous distinct providers and systems working independently of one another. This may limit the effectiveness and reach of digital healthcare solutions by making it challenging to integrate them throughout the whole healthcare system

Competitive Landscape

Key Players

  • Halodoc (IDN)- A medical app that allows users to schedule appointments with doctors, order prescription drugs, and conduct online consultations
  • Alodokter (IDN)- A mobile app that offers medicine delivery, online consultation services, and health information
  • SehatQ (IDN)- An Indonesian healthcare portal that gives users access to health information, telemedicine consultations, and drug delivery
  • Good Doctor- An application for health care that offers online consultations and drug delivery
  • Medtronic- Medtronic provides a range of medical products and services, including telemedicine and options for remote monitoring
  • Honeywell- Honeywell is a worldwide company focused on four business areas: aerospace, building technologies, performance materials and technology, and safety and productivity solutions

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

Indonesia 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

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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The Indonesia-connected healthcare market is projected to grow from $398.16 Mn in 2022 to $2941.56 Mn by 2030, registering a CAGR of 28.4% during the forecast period of 2022 – 2030.

The Indonesia-connected healthcare market is segmented by type (m-health services, m-health devices and e-prescription), by function (remote patient monitoring, clinical monitoring, telemedicine and others), and by application type (diagnosis and treatment, monitoring application, wellness and prevention, healthcare management and others).

Some of the major players in Indonesia's connected healthcare market are Halodoc, Alodokter, SehatQ, Good Doctor, Medtronic and Honeywell.


This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

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Last updated on: 09 May 2024
Updated by: Anish Swaminathan

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