Sweden Digital Health Market Analysis Report 2022 to 2030

Sweden Digital Health Market Analysis

$ 3999

Sweden'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 2022-2030. The market will be driven by the efficient integration of eHealth solutions into the existing system and increasing investments in the digital health sector. The market is segmented by solution, by deployment & by end-use. Some of the major players include Getinge, Elekta & Sectra.

ID: IN10SEDH005 CATEGORY: Digital Health GEOGRAPHY: Sweden AUTHOR: Vidhi Upadhyay

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Sweden Digital Health Market Executive Summary

Sweden'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 2022-2030. The health expenditure per capita, PPP for Sweden saw a rise from $ 5,655.7 in 2017 to $ 6,222.7 in 2019. In Sweden, health expenditure is mostly funded by local tax income, as well as direct payments from the national government, regional subsidies for outpatient drugs, and particular national programs. Its health expenditure was 10.9% of GDP which was the third highest among EU countries and well above the EU average of 9.9%.

Digital consultations represent about 11% of all primary care consultations in 2020 and 2% of overall primary care expenses. Sweden has implemented a number of digital health initiatives to improve the efficiency and accessibility of healthcare for its citizens with eHealth being an integral aspect of the healthcare system. EHRs and Telemedicine have also gained momentum in Sweden’s well-established yet continuously evolving digital health market.

sweden digital health market analysis

Market Dynamics

Market Growth Drivers

With eHealth being an integral part of the system in Sweden, The regions also invest a good amount of assets into healthcare IT. EHRs and e-prescriptions have been widely adopted and 99% of all Swedish prescriptions are issued electronically. Apart from initiatives by the government, factors such as higher technological adoption via high mobile penetration rate, strong and resilient digital healthcare infrastructure, an aging population, and favorable reimbursement policies play a major role in upscaling the digital health market in Sweden. In the past, COVID – 19 outbreak had played a major role in giving an initial rise to the sector’s market growth.

Market Restraints

Like any other digital tool, digital health solutions are subject to hacking and data breaches, which might jeopardise patient privacy and faith in digital health solutions. Many digital health solutions are produced by separate vendors and may be unable to interact with one another, limiting their efficacy in a care delivery context. Such factors may seem small but limit the adoption of digital tools by the practitioner and lead to a setback for the entire market. Moreover, the lack of a regulatory framework and a standardized reimbursement policy for digital health solutions might also negatively impact the growth of the digital health market in Sweden.

Competitive Landscape

Key Players

Getinge: This business offers healthcare solutions, including digital health goods like telehealth and e-health
Elekta: It is a provider of radiation therapy and radiosurgery solutions, including digital health solutions for cancer care
Sectra: They provide digital pathology and imaging solutions for healthcare providers
Cerner: They are a provider of digital health solutions, including EHRs and population health management solutions

Healthcare Policies and Regulatory Landscape

The Swedish government has established a vision for a Swedish e-Health plan in collaboration with the Swedish Association of Local Authorities and Regions (SALAR) according to which by 2025, “Sweden will be best in the world at using the opportunities offered by digitization and eHealth, making it easier for people to achieve good and equal health and welfare, and to develop and strengthen their own resources for increased independence”

The National Board of Health and Welfare under the Ministry of Health and Social Affairs is responsible for establishing guidelines concerning patient records and medical data processing.

Reimbursement Scenario

Sweden's healthcare system offers universal population coverage for a wide range of services. As a result, the bulk of Out of pocket is due to cost-sharing regulations. The national healthcare system known as Swedish Social Insurance Agency is responsible for digital health reimbursement. For individuals who are enrolled with a primary care practitioner, the organization covers the cost of some digital health services such as telemedicine consultations, e-prescriptions, and online self-care tools yet the eligibility if the same may depend upon a variety of factors such as the individual's medical condition and the specific digital health service is opted.

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.