Indonesia Palliative Care Market Analysis

Indonesia Palliative Care Market Analysis


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The Indonesia Palliative care market is projected to grow from $78.48 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The main factors driving the growth would be advances in technology, increasing awareness and government initiatives. The market is segmented by service type and by the end user. Some of the major players include Baladhika Husada Hospital, Sanglah General Hospital, Wahidin Hospital, Dharmais Cancer Hospital and Rachel House.

ID: IN10IDHS013 CATEGORY: Healthcare Services GEOGRAPHY: Indonesia AUTHOR: Neha Davda

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Indonesia Palliative Care Market Executive Summary

The Indonesia Palliative care market is projected to grow from $78.48 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. In 2019, Indonesia spent 2.9% of its GDP, or $120.12 per person, on national health care. Compared to countries with far lower national per capita incomes, such as Laos, Cambodia, and Myanmar, Indonesia spends a very little amount overall on healthcare per person.

The quality of life for persons who are dealing with a terminal disease and their loved ones is improved through palliative care. Palliative care services aim to both prevent and relieve suffering through early pain diagnosis, precise pain assessment, and treatment of concomitant conditions such as mental, physical, and spiritual illnesses. Collaboration is another way that palliative care benefits both patients and those who are in charge of providing for them. To help people live as fully as they can until they pass away means providing a support structure and taking care of their material requirements. Palliative care is crucial for a multitude of illnesses, including cancer, persistent respiratory conditions, diabetes, renal failure, prolonged liver disease, and others.

In developing nations, palliative care services are growing, but they are still in their infancy in Indonesia, where many patients with life-limiting illnesses lack access to quality medical care.

Indonesia Palliative Care Market

Market Dynamics

Market Growth Drivers

The Indonesia palliative care market is expected to be driven by factors such as advances in technology, increasing awareness, and government initiatives. Moreover, the WHO and the Indonesian government have worked together to design and put into place palliative care initiatives. These collaborations have contributed significant resources, knowledge and financing to help the nation's palliative care services grow.

Market Restraints

In Indonesia, there is a shortage of skilled palliative care professionals, especially in rural areas, and the cost to access such care is considerable. Palliative care services are less readily available as a result, and patients may find it challenging to get the treatment they require.

Competitive Landscape

Key Players

  • Baladhika Husada Hospital (IDN)
  • Sanglah General Hospital (IDN)
  • Wahidin Hospital (IDN)
  • Dharmais Cancer Hospital (IDN)
  • Rachel House (IDN)

Healthcare Policies and Regulatory Landscape

Palliative care services are a relatively new development in Indonesia, and the nation's legal framework and healthcare policies are continually changing to facilitate the expansion of this industry. The Indonesian government has implemented laws and standards that support the integration of palliative care into the healthcare system as part of its efforts to increase access to this type of care.

The National Guideline for Palliative Care, published in 2014 by the Ministry of Health, specifies best practices for providing palliative care in Indonesia and establishes requirements for healthcare professionals' education and training. In order to promote the growth of palliative care services and enhance access to these services across the nation, the government has also established a national task force on palliative care.

Reimbursement Scenario

Palliative care service reimbursement rules are still being developed in Indonesia. Although the government has pledged to increase access to palliative care, there aren't any established regulations for paying for these services just yet

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

Palliative Care Market Segmentation

By Service Type (Revenue, USD Billion):

Based on service type, the Indonesia palliative care market is divided into the following:

  • Private residence care
  • Hospice inpatient care
  • Hospital inpatient care
  • Nursing home and residential facility care
  • Others

By End User (Revenue, USD Billion):

Based on end-user type, the Indonesia palliative care market is divided into the following:

  • Hospitals
  • Home Care Settings
  • Palliative Care Centers
  • Long-Term Care Centers & Rehabilitation Centers

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”.

 

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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

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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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Last updated on: 20 February 2023
Updated by: Vidhi Upadhyay

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