Portugal Digital Health Market Report 2022 to 2030

Portugal Digital Health Market Analysis

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The Portugal 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 increasing access to digital health technologies and reduced healthcare costs due to digitization. The market is segmented by solution, by deployment & by end-use. Some of the major players include SWORD Health, Knok & Novabase.

ID: IN10PTDH005 CATEGORY: Digital Health GEOGRAPHY: Portugal AUTHOR: Vidhi Upadhyay

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Portugal Digital Health Market Executive Summary

The Portugal 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. Health spending increased by 12.2% in 2021, hitting 11.2% of GDP (0.7% point more than in 2020), the highest level in the available record that began in 2000.

In recent years, the digital health industry in Portugal has expanded, with a concentration on telemedicine and electronic health records. With the purpose of enhancing the efficiency and accessibility of healthcare services, the government has invested in the development and deployment of digital health systems. The total investment in digital health in Portugal, however, is not publicly disclosed.

Electronic health records (EHRs) are utilized by all primary care physicians and the majority of hospitals, and some interoperability across EHR systems has been accomplished. Investments coordinated by the Ministry of Health's Shared Services have been made to ensure that the data infrastructure utilizes shared unique patient identifiers that allow information to be recorded in the Portuguese Health Data Platform (Plataforma de Dados da Saúde).

portugal digital health market analysis

Market Dynamics

Market Growth Drivers

The Portuguese Ministry of Health has devised a new strategy cantered on civilian communications. The effort intends to change the way individuals get information about health services and resources by boosting understanding of healthcare indicators and access to services via websites and mobile applications. The SNS Portal (Portal da Saúde) is at the foundation of a number of projects being developed by Portugal's national health service, the Serviço Nacional de Saúde (SNS). The portal mixes information on public healthcare with real-time data about physicians, nurses, and other health professionals, as well as programs aimed at professionals and people.

Market Restraints

The digital health market in Portugal confronts a number of problems, including a lack of digital infrastructure, a lack of standardization, privacy and security issues, a lack of healthcare provider engagement, and an investment shortage. Furthermore, the lack of regulation in the industry generates uncertainty for businesses and investors. These issues may operate as a barrier to the market's growth and development.

Competitive Landscape

Key Players

SWORD Health (PRT): Digital therapeutics provider for physical rehabilitation. SWORD Phoenix is a technology created by SWORD Health that combines portable motion sensors and strong software to provide a cost-effective method to rehabilitation.
Knok (PRT): Patient and doctor teleconsultation platform provider. It is a website where patients may arrange and book remote consultations with various medical professionals
Novabase (PRT): This company provides digital solutions for the healthcare sector, including electronic health records, telemedicine, and health data analytics
Kinematix (PRT): Have created a wearable gadget that can be hooked into your shoe and analyses your running style to provide tips for enhancing your activity
Mediktor: This company provides digital triage solutions for hospitals and clinics, which help to improve patient flow and reduce waiting times

Healthcare Policies and Regulatory Landscape

The Ministry of Health is in charge of the general direction and coordination of the country's digital health activities. The National Health Service (NHS) is also involved in the design and delivery of digital health systems and services.

The National Strategy for the Health Information Ecosystem (ENESIS 2022) was established by SPMS, E.P.E. in conjunction with a variety of internal and external institutional and individual partners to the Ministry of Health during a three-year period from 2020 to 2022. ENESIS 2022 intended to foster the digital transformation of the Portuguese health sector by establishing the necessary circumstances for the growth of the Health Information Ecosystem (eSIS).

Reimbursement Scenario

In Portugal, reimbursement for digital health services is still in the works. The Portuguese National Health Service (NHS) is in charge of the compensation of healthcare services in Portugal, including digital health services. Currently, the NHS does not cover all digital health services, and reimbursement is frequently assessed on a case-by-case basis.

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.