Senegal Digital Health Market Analysis

Senegal Digital Health Market Analysis


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The Senegal 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 execution of digital healthcare programs by the government and by creating a favorable setting for digital health industry growth. The market is segmented by solution, by deployment & by end-use. Some of the major players include IBM, Philips & Expresso Sénégal.

ID: IN10SNDH005 CATEGORY: Digital Health GEOGRAPHY: Senegal AUTHOR: Vidhi Upadhyay

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Senegal Digital Health Market Executive Summary

The Senegal 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 Senegal healthcare spending for 2019 was $71 U.S. dollars per person and the total expected healthcare spending for the year 2050 is $123 U.S. dollars per person. It is considered to be relatively low compared to other countries in the region and globally. The government and other public sources fund the majority of healthcare expenditure in Senegal, with out-of-pocket payments accounting for a very minor fraction of overall healthcare expenditure.

Senegal has been focusing on digital health efforts to increase the availability of healthcare services as well as the effectiveness and quality of care. Telemedicine, electronic medical records, teleconsultation, mobile health services, data management, and tele-education for healthcare professionals are some examples of digital health projects in Senegal.

Senegal's health system employed roughly 50 digital health tools, at least 16 of which were already in use for COVID-19. To promote social and economic inclusion through technology, the government of Senegal developed a payment digitization strategy. Also, the government joined the Better Than Cash Alliance (a cooperation of governments, enterprises, and international bodies to accelerate growth through digital payments), with the help of the UN Capital Development Fund's “Mobile Money for the Poor” initiative. These initiatives also extended to the healthcare sector as the government introduced an innovative digital payments system for its Universal Health Insurance Agency.

Market Dynamics

Market Growth Drivers

The Ministry of Health and Social Action (MSAS) created the Digital Health Strategic Plan: 2018-2023, a blueprint defining Senegal's goals for transforming its digital health systems from fragmented, mostly paper-based systems to strong, interoperable, digitized systems. The government has proactively supported the creation and execution of digital healthcare programs, creating a favorable setting for industry growth. Moreover, increased access to healthcare services, improved quality and efficiency of healthcare delivery, growing use of smartphones and the internet, rising healthcare expenditure, and the COVID-19 pandemic have increased demand for digital health solutions.

Market Restraints

Factors such as a lack of infrastructure and technology, limited access to the internet and smartphones, a limited healthcare budget, a lack of trained staff and data management, a lack of standardization and interoperability, and security and privacy concerns are limiting the growth of the digital health market in Senegal.

Competitive Landscape

Key Players & Notable deals

  • IBM: This is an American technology company that has been involved in digital health projects in Venezuela, such as data management and analytics solutions
  • Philips: Philips provides a wide range of digital health solutions, including telehealth, remote monitoring, and connected care solutions
  • Expresso Sénégal: December 2021, a subsidiary of the Expresso Telecom group is a telecommunications operator in Senegal partnered with Zuri Health aiming at revolutionizing e-health in Senegal and Africa at large
  • Medicall Home: is a digital health start-up established in Africa that provides telemedicine, remote patient monitoring, and e-pharmacy services
  • Hello Doctor: this is a South African-based digital health company that offers telemedicine, remote patient monitoring, and health education services

Healthcare Policies and Regulatory Landscape

The Ministry of Health and Social Action (Minsanté) governs Senegal's healthcare system. The ministry is in charge of establishing healthcare policy, administering the healthcare budget, and supervising the operations of healthcare institutions and providers. In 2019, The Agency for Universal Health Coverage launched a new digital platform - sunucmu.com to streamline health care in the country. Healthcare system is also governed by the West African Health Organization (WAHO), which attempts to coordinate regional healthcare policies and efforts.

Reimbursement Scenario

The compensation for digital health services may differ based on the technology or service employed, as well as the reimbursement regulations established by the Ministry of Health or the national healthcare system which is yet unclear.

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

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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: 18 March 2024
Updated by: Vidhi Upadhyay

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