Indonesia Digital Health Market Analysis

Indonesia Digital Health Market Analysis


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The Indonesia Digital Health market is projected to grow from $xxBn in 2022 to $xxBn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The market will be driven by the growing population with increasing internet usage and with supportive government initiatives. The market is segmented by solution, by deployment & by end-use. Some of the major players include Halodoc, GrabHealth & K24Klik.

ID: IN10IDDH005 CATEGORY: Digital Health GEOGRAPHY: Indonesia AUTHOR: Vidhi Upadhyay

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Indonesia Digital Health Market Executive Summary

The Indonesia Digital Health market is projected to grow from $xxBn in 2022 to $xxBn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Health expenditure per capita in Indonesia observed growth from $111.66 in 2018 to $120.12 in 2019 as recorded by World Health Organization Global Health Expenditure database. Healthcare spending (%GDP) has been comparatively low in comparison to other nations in the area. The government has raised its healthcare spending in recent years, yet there is still a considerable disparity in access to healthcare and the standard of care in rural and low-income areas.

Jakarta is Indonesia's digital health capital owing to its more established digital ecosystem, which includes access to health practitioners, stronger health infrastructure, and more investment possibilities. Demand for digital health is expected to rise in Indonesia with the increasing population. Telemedicine, electronic health records, and health applications are some of the primary areas of growth in Indonesia's digital health business. Digital diabetes is one of the fast-growing sectors in Indonesia, however, the industry is still in its early phase and there are certain problems that need to be solved.

indonesia digital health market analysis

Market Dynamics

Market Growth Drivers

With a population of over 275Mn and 170Mn internet users and growing, healthcare technology innovations, an increasing number of people suffering from chronic diseases, and growing awareness towards digital health, the market is expected to grow. Its geography is spread over a number of islands which makes digital alternatives more accessible to the vast population as compared to physical medical infrastructure & services.

With the support from local government bodies the patient, behavior is also evolving to fill in the gap in access to healthcare services in remote areas. Jakarta is already in the front view when it comes to the adoption of digital health however, other cities such as Surabaya & Bandung have also begun to invest more via grants and incubator programs into digital health start-ups.

Market Restraints

Indonesia has a relatively lower healthcare spending compare to other countries in the area. Other factors such as a limited workforce, limited infrastructure and cyber security, low government funding, and limitation to reimbursement for digital health are the main restraints to the growth of the digital health market in Indonesia.

Competitive Landscape

Key Players

  • Halodoc (IDN): They provide a platform to connect patients with licensed doctors, insurance, labs, and pharmacies in one simple mobile application
  • GrabHealth (IDN): In partnership with Chinese platform “Ping An Good Doctor”, provides online health consultation to the patients.
  • K24Klik (IDN):  An e – pharmacy application to allow people to buy drugs online.
  • Medigo (IDN):  Healthtech company that connects healthcare facilities with patients, doctors, insurance, and government under one platform. They seeded funding from Venturra Discovery in April 2019.
  • Alodokter (IDN): A digital health platform that provides an end-to-end digital solution to patients including telemedicine, doctors, and others.

Healthcare Policies and Regulatory Landscape

The Ministry of Health (MOH) is responsible for the regulation of digital health in Indonesia. In 2020, MOH issued a Regulation on Telemedicine Services to provide free telemedicine services for COVID - 19 patients outside Jakarta. Also, Badan Pengawas Obat dan Makanan (BPOM), the National Agency of Drug and Food Control allowed the pharma industry, wholesalers, and pharmacies to distribute medicine through an electronic system.

As part of the COVID-19 management plans, Indonesia created two national health systems in 2020 and 2021. PeduliLindungi and Vaccination Dashboard have been widely used for public health management, with a significant volume of data interchange taking place on the platform.

Reimbursement Scenario

Telemedicine services and electronic health records are covered under the government's national healthcare insurance scheme, known as JKN. As of December 2021, nearly 223.4 million Indonesians were covered by the National Health Insurance (JKN) However, compensation for these treatments remains restricted and varies according to the type of service delivered. In Indonesia, some private health insurance companies began to offer digital healthcare services, although coverage is restricted and not all services are covered.

The Ministry of Health partnered with the United Nations Development Programme (UNDP) with funding from the Government of Japan and came up with a blueprint, entitled “Blueprint of Health Digital Transformation Strategy 2024” aiming to create a base for improvised digital health infrastructure in Indonesia. It is expected to fasten the national motive to provide affordable, equitable, and quality care.

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

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
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Last updated on: 25 January 2023
Updated by: Vidhi Upadhyay

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