Norway Digital Health Market Analysis Report [2022-30] I Insights10

Norway Digital Health Market Analysis

$ 3999

The Norway 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 a strong digital infrastructure and a high degree of digital literacy in the country. The market is segmented by solution, by deployment & by end-use. Some of the major players include Sonitor Technologies, NeckCare & Eyr Medical.

ID: IN10NODH005 CATEGORY: Digital Health GEOGRAPHY: Norway AUTHOR: Vidhi Upadhyay

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Norway Digital Health Market Executive Summary

The Norway 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. By 2020, health spending had reached an all-time high of 11.3% of GDP. Norway's yearly health expenditure accounted for 10.1% of GDP in 2021. Norway's healthcare system is funded by taxpayers through taxes and is universal, which means that all inhabitants have access to it regardless of income or health status.

Norway has an advanced medical system and has recently invested in digital health. The government has established a goal of digitizing the healthcare sector, which includes the implementation of Electronic Health Records (EHRs) and telemedicine services. Furthermore, the Norwegian government has established the objective of allowing all residents to access their personal health information electronically.

Norway came up with “helsenorge.no” a website where citizens may obtain high-quality information about health and sickness, communicate with clinical professionals, manage their own health care, and use digital health and care services. New models have been developed to work toward common objectives and priorities in the field of e-health. The national e-health management paradigm has aided in improved collaboration and coordination.

norway digital health market analysis

Market Dynamics

Market Growth Drivers

Norway, in general, has a strong digital infrastructure and a high degree of digital literacy, which has aided in the introduction of digital health solutions. The country has also been a pioneer in the use of Electronic Health Records (EHRs) and telemedicine services, which have increased the efficiency and accessibility of healthcare services. Moreover, the Norway government is working on services such as Digital dialogue between citizens and healthcare personnel, Patient access to own medical records, social technology, digital in-home follow-up, E-prescriptions, Summary care records, HelseCERT (Norwegian HealthCERT), European Health Data Space & Helsedataservice (Health Data Service) which is expected to raise a bar to the expansion of digital health market in Norway.

Market Restraints

Given Norway's strong digital literacy, some of the population may still lack access to the technology required to employ digital health solutions. Moreover, other factors such as data privacy and cybersecurity concerns and protection of personal health information are crucial for gaining public trust and adoption of digital health solutions and can become a major challenge while executing digital health solutions. Lack of funding, interoperability issues & inadequate reimbursement for digital solutions can be some more reasons to slow down the growth of the digital health market.

Competitive Landscape

Key Players

Sonitor Technologies (NOR): uses ultrasound real-time locating system (RTLS) technology to deliver location and tracking information
NeckCare (NOR): Digital therapy tool provider for the examination and treatment of neck pain. The business has created gadgets that analyze neck mobility limitations in real-time. Professionals may utilize the NeckCare Pro platform to assess neck pain and save customized results in the web-based dashboard
Eyr Medical (NOR): Online platform that provides video consultations with doctors. Users may utilize the site to schedule video consultations with psychologists for mental health treatments
Diffia (NOR): A mobile app that provides tools for digitizing the healthcare process. Nimble, a mobile clinical solution developed by the firm, provides hospital doctors and nurses with a tool to digitalize clinical activities such as documentation, clinical workflow assistance, and communication

Healthcare Policies and Regulatory Landscape

The Ministry of Health and Care Services in Norway is in charge of ensuring that all of the population has optimal and appropriate health and care services, independent of where they live or their financial situation. The Norwegian Medicines Agency is in charge of overseeing medical devices and applications, while the Norwegian Data Protection Authority is in charge of ensuring that data protection regulations are followed.

The government has formed a national e-health policy, with the aim of improving the use of digital technology to assist healthcare delivery and promoting patient empowerment and involvement.

Reimbursement Scenario

The Norwegian National Insurance Scheme (NIS), which is regulated by the Norwegian Labour and Welfare Service (NAV), determines the reimbursement of digital health goods and services in Norway. For individuals who are covered under the system, the NIS covers the costs of most medical procedures, including digital health goods and services. A digital health product or service must be medically essential and be on the NIS reimbursement list in order to be reimbursed.

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.