New Zealand Digital Health Market Analysis Report 2022 to 2030

New Zealand Digital Health Market Analysis

$ 3999

New Zealand'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 majorly driven by the collaborative efforts of the government and private regulations along with increasing internet access to a wide range of populations. It is segmented by solution, by deployment & by end-use. Some of the major players include Orion Health, Medtech Global Limited & GE Healthcare.

ID: IN10NZDH005 CATEGORY: Digital Health GEOGRAPHY: New Zealand AUTHOR: Vidhi Upadhyay

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New Zealand Digital Health Market Executive Summary

New Zealand'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 Current healthcare expenditure per capita for New Zealand saw a good rise from $4,037.46 in 2018 to $4,211.05 in 2019. The demand for health services has grown over the past few years due to the increasing population. Higher health expenditure greater the demand for industrial products. In 2022-23, total health expenditure is expected to increase.

The future of digital health in New Zealand seems promising, with the potential for enhanced healthcare delivery and outcomes. It includes the development of electronic medical records, telemedicine, and mobile health apps. The government is dedicated to new alternatives to incorporate digital solutions to existing healthcare via digital tools that would include smartphones, digital equipment, and patient monitoring portals.

new zealand digital health market analysis

Market Dynamics

Market Growth Drivers

Te Whatu Ora - Health New Zealand and Te Aka Whai Ora - Mori Health Authority have collaborated on the preliminary Te Pae Tata New Zealand Health Plan 2022, which specifies the number of goals in the development of an "integrated, affordable, and sustained" health system.

Minister for the Digital Economy and Communications, David Clark, launched Te Rautaki Matihiko mō Aotearoa - The Digital Strategy for Aotearoa to reduce cybercrimes, high-speed internet for all New Zealand residents, and the digital and ICT industry to be the country's biggest export contributor.

The growth of digital health industries along with strategy plans framed by New Zealand serves as a pillar to support the growth of the digital health market in the coming future.

Market Restraints

Integration of digital solutions into the existing system of healthcare would be a challenge. Consistent policy across the nation for medical data, interoperability, and digital access to primary care are a few other challenges that may pose a hindrance to market growth.

Competitive Landscape

Key Players

Orion Health (NZ): They provide software for healthcare practitioners from integration through to population health management and precision medicine. In July 2021, Orion partnered withIdaho Health Data Exchange (IHDE), Idaho’s statewide designated health information exchange (HIE) to migrate IHDE to Orion Health’s state-of-the-art, next-generation HIE platform.
Medtech Global Limited (NZ): Delivers software solutions for the healthcare industry that allow health professionals to manage their patients more efficiently.
HealthLink Group Limited (NZ)
Vensa Health (NZ)
GE Healthcare

Healthcare Policies and Regulatory Landscape

The digital health regulations in New Zealand are governed by the Ministry of Health, the New Zealand Health Information Privacy Code, and the Health Information Standards Organization (HISO). To ensure that digital health solutions meet national standards and laws, HISO collaborates with the Ministry of Health and other stakeholders.

District Health Boards (DHBs) are responsible for the planning, financing, and delivery of healthcare services in New Zealand. Their policies work in a way to safeguard patient data and ensure easy access to digital health products & services.

Reimbursement Scenario

New Zealand has an established universal health insurance system that is publicly financed and regionally administered. The Technology and Digital Services business unit is a part of The Ministry of Health which is in charge of executing the government's Digital Health Strategy and other e-health projects. The New Zealand government is in the nascent stage as it develops policies and procedures to support the reimbursement of digital health solutions.

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.