Romania Connected Healthcare Market Report 2022 to 2030

Romania Connected Healthcare Market Analysis

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The Romania-connected healthcare market is projected to grow from $192.44 Mn in 2022 to $1444.05 Mn by 2030, registering a CAGR of 28.65% during the forecast period of 2022-30. The main factors driving the growth would be government support, increased healthcare spending, rising demand for healthcare services and private sector investment. The market is segmented by type, function and by application. Some of the major players include Regina Maria, Otinrehab, Consultaclick, Cisco Systems, IBM and GE Healthcare.

ID: IN10ROHS004 CATEGORY: Healthcare Services GEOGRAPHY: Romania AUTHOR: Neha Davda

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Romania Connected Healthcare Market Executive Summary

The Romania-connected healthcare market is projected to grow from $192.44 Mn in 2022 to $1444.05 Mn by 2030, registering a CAGR of 28.65% during the forecast period of 2022-30. Romania's national healthcare spending as a percentage of GDP climbed to 5.74% in 2019 and reached $739 per capita, up from $5.56% or $687 per capita in 2018. Despite progress over the previous ten years, Romania still has the second-lowest health spending per person and as a percentage of GDP in the EU.

Romania's national healthcare spending as a percentage of GDP increased to 5.74% in 2019 and reached $739 per capita, up from $5.56% or $687 per capita in 2018. Despite progress over the previous ten years, Romania still has the second-lowest health spending per person and as a percentage of GDP in the EU. eHealth and mHealth are still in their formative stages in Romania. To assist the growth of connected healthcare in the nation, the Romanian government has however started a number of projects. For instance, the Ministry of Communications and Information Society started the e-Health Romania initiative in 2018 with the goal of creating a national health information system that will make it easier for patients and healthcare professionals to exchange health information.

Romania Connected Healthcare Market

Market Dynamics

Market Growth Drivers

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

Government support- As part of its initiatives to modernise the healthcare sector, the Romanian government has been aggressively encouraging the adoption of connected healthcare technologies. The e-Health Romania project, which intends to create a national health information system, is one of many initiatives the government has started to assist in the development of digital health solutions
Increased healthcare spending- Romania has been increasing its spending on healthcare recently, which is anticipated to fuel market growth for connected healthcare
Rising demand for healthcare services- The need for healthcare services is growing in Romania as a result of the country's ageing and expanding population. This is creating a need for more effective healthcare solutions that are also more affordable and can be delivered by using connected healthcare technologies
Private sector investment- The connected healthcare market in Romania is attracting increasing interest from investors in the private sector, which is fueling innovation and expansion in the industry

Market Restraints

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

Limited inoperability- Due to a lack of standards and interoperability between various healthcare providers and systems, integrating various digital health solutions and systems is difficult. The advantages of connected healthcare technologies, such as better care coordination and patient outcomes, can be limited as a result
Regulatory challenges- Even though the Romanian government has encouraged the use of digital health solutions, creating and putting into place a legislative framework that can guarantee the security and quality of these solutions may present difficulties
Limited digital literacy- Patients and healthcare professionals in Romania have inadequate digital literacy, which may hinder the adoption and efficient application of digital health technologies

Competitive Landscape

Key Players

Regina Maria (ROU)- one of Romania's leading private healthcare providers, has made significant investments in digital healthcare services like telemonitoring, online consultations, and digital medical records
Otinrehab (ROU)- enhanced rehabilitation outcomes with telemedicine and game-based therapy
Consultaclick (ROU)- connects the demand for health services from patients looking for the best providers with their availability through an online platform
Cisco Systems- a multinational American technology firm that offers networking and communication solutions for the healthcare sector, including data analytics, telehealth services, and remote patient monitoring
IBM- provides a variety of healthcare solutions, such as medical imaging, electronic health records, and analytics powered by artificial intelligence for healthcare providers
GE Healthcare- is an American firm that offers digital health services like telemedicine and remote patient monitoring, as well as medical imaging and diagnostic 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

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

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.