Ireland Digital Health Market Analysis Report 2022 to 2030

Ireland Digital Health Market Analysis

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Ireland'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 the increasing investments in the new innovative start-ups in the sector and supportive initiatives by the Irish government. The market is segmented by solution, by deployment & by end-use. Some of the major players include IBM, Abbott & GE Healthcare.

ID: IN10IEDH005 CATEGORY: Digital Health GEOGRAPHY: Ireland AUTHOR: Vidhi Upadhyay

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Ireland Digital Health Market Executive Summary

Ireland'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. Ireland ranks 6th highest for government spending on healthcare as a share of the national income out of 33 OECD economies. In 2020, Ireland spent equivalent to 7.1% of its GDP on healthcare as compared to 6.7% in 2019. Ireland's healthcare spending has risen in recent years as a result of an aging population and higher medical treatment and drug prices. Despite this, the government has been striving to limit healthcare expenses by introducing cost-cutting measures such as generic medicine launch and pharmaceutical reference pricing.

The government has been investing in the healthcare system to improve the quality and accessibility of healthcare services. The Health Service Executive (HSE) has been implementing e-health solutions, such as Electronic Health Records (EHRs) and telemedicine, in order to improve the coordination and delivery of healthcare services. The government has also invested in the development of telehealth services, which allow people to receive healthcare services remotely via video consultations with physicians and remote monitoring of chronic illnesses. The commercial sector is also involved in the Irish digital health industry, with IBM, Accenture, and Oracle investing in the development of digital healthcare initiatives such as electronic health records, telemedicine, and remote monitoring.

The Irish Digital Health Leadership Steering Group (IDHLSG) is a group of over 65 Irish and foreign leaders (clinicians, patients, CEOs, Academics, and policymakers) who have come together to assist drive the digital transformation of Ireland's health system.

ireland digital health market analysis

Market Dynamics

Market Growth Drivers

eHealth Ireland (HSE division responsible for the delivery of technology to support healthcare across the Irish health service.) prioritized seven core efforts, including National Health Identifier Infrastructure, ePrescribing and eReferrals, telehealthcare services with an emphasis on chronic disease, and the construction of national Electronic Health Record (EHR). The Medicinal Products (Amendment) Regulations 2020, allowed for the electronic distribution of prescriptions to pharmacies using the HSE's Healthmail electronic system.

Ireland possesses numerous important ecological benefits. It is a small yet well-connected country. There is also a global network of innovation centers focusing on many of the multidisciplinary components of digital health, such as medical research, cybersecurity, and data science laying a strong building ground for digital health innovations.

Market Restraints

The impact of health service's digital transformation highlights the crucial significance of a really well-developed, efficient, and reliable healthcare technology platform in Ireland which is lacking. Despite the government's efforts to invest in digital health, there is still a lack of funding for digital health initiatives, which can limit the development and implementation of digital health solutions. Lack of technical standards and reimbursement solutions are among other factors slowing down the growth of the digital health market in Ireland.

Competitive Landscape

Key Players

IBM Offers a wide range of healthcare tools & services to aid digital health solutions
Abbott: Offers A freestyle libre device that measures blood sugar levels constantly and connects to a phone app to allow the patient to monitor them and take medication as required
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: They have been building IT solutions to assist & enhance healthcare for 40 years
Medtronic: This is a global medical device company, which has a presence in Poland and provides a wide range of digital health solutions, including remote monitoring and telemedicine

Other local private companies such as LetsGetChecked, Atlantic Therapeutics, Qualio & FIRE1 have been doing notable contributions to the digital health sector.

Healthcare Policies and Regulatory Landscape & Reimbursement Scenario

The Health Service Executive (HSE) and the Department of Health govern digital health & reimbursement in Ireland. The HSE is in charge of implementing digital health solutions and managing healthcare services, whilst the Department of Health is in charge of developing healthcare policy and regulating medical equipment. the HSE has been deploying e-health systems like electronic health records (EHRs) and telemedicine. It has also invested in the development of telehealth services. The General Data Protection Regulation (GDPR) is also in place to protect patient data and prevent breaches.

Sláintecare is a program designed by the Department of Health of Ireland and the HSE that strives to provide equitable access to services for all citizens, guided by the goal of a single universal health service for all. Individuals will be treated based on their need rather than their capacity to pay under this new paradigm.

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.