Tanzania Connected Healthcare Market Analysis

Tanzania Connected Healthcare Market Analysis


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The Tanzania-connected healthcare market is projected to grow from $26.54 Mn in 2022 to $207.37 Mn by 2030, registering a CAGR of 29.3% during the forecast period of 2022 - 2030. The main factors driving the growth would be increased adoption of digital technology, private sector investment and government support. The market is segmented by type, function and by application. Some of the major players include LyfPlus, GPITG, Philips Healthcare, IBM and Siemens Healthineers.

ID: IN10TZHS004 CATEGORY: Healthcare Services GEOGRAPHY: Tanzania AUTHOR: Neha Davda

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Tanzania Connected Healthcare Market Executive Summary

The Tanzania-connected healthcare market is projected to grow from $26.54 Mn in 2022 to $207.37 Mn by 2030, registering a CAGR of 29.3% during the forecast period of 2022 - 2030. Tanzania's national health spending as a share of GDP in 2019 was 3.83% or $40 per person. High rates of maternal and newborn mortality, HIV/AIDS, pneumonia, and malaria are present in Tanzania, which also has a shoddy healthcare system and meagre resources.

Tanzania is an East African developing nation with a population of more than 60 Mn. Inadequate healthcare infrastructure, restricted access to medical facilities and services, a lack of qualified medical personnel, and other issues plague Tanzania's healthcare system. The use of technology in Tanzania's healthcare industry has grown, though, with a focus on connected healthcare solutions. In order to increase access to healthcare services and outcomes, connected healthcare refers to the use of technology to connect patients, healthcare professionals, and medical equipment. Telemedicine, electronic health records, and mobile health (mHealth) applications are a few of the connected healthcare systems that have been used in Tanzania.

Tanzania Connected Healthcare Market

Market Dynamics

Market Growth Drivers

The Tanzania-connected healthcare market is expected to be driven by factors such as:

  1. Increasing adoption of mobile technology- With almost 50 Mn mobile phone subscribers and an increasing number of internet users, Tanzania has a high mobile penetration rate. This has made it possible for mHealth applications, which can be quickly accessed through mobile devices, to be adopted
  2. Private sector investment- Tanzania has seen growth in private sector investment in the healthcare industry, with a focus on technologically advanced solutions. The connected healthcare market in the nation has expanded as a result of this investment
  3. Government support- The Tanzanian government has demonstrated support for the use of technology in healthcare through programs like the Tanzania e-Health Strategy and the National ICT Policy. These regulations encourage the application of technology to enhance outcomes and access to healthcare

Market Restraints

The following factors are expected to limit the growth of the connected healthcare market in Tanzania:

  1. Limited digital infrastructure- Tanzania has a minimally developed digital health infrastructure, including IT workers, data centres, and telecommunications networks. It is difficult to develop and maintain connected healthcare solutions due to a lack of infrastructure, especially in rural locations with inadequate infrastructure
  2. Limited health literacy- Tanzanians have a low health literacy rate, which makes it difficult for them to comprehend the advantages of connected healthcare. The adoption of connected healthcare solutions may be hampered by a lack of knowledge of digital health solutions, a lack of understanding of such solutions, and a resistance to using technology
  3. Inadequate regulatory framework- Tanzania's underdeveloped regulatory environment for digital health is impeding the development of connected healthcare. Issues including data privacy, security, and confidentiality are not effectively addressed by the regulatory framework, which may restrict the use of digital health solutions

Competitive Landscape

Key Players

  • LyfPlus (TZA)- a telemedicine provider that collaborates with hospitals and speciality doctors to deliver easy and cheap medical services through its own platform
  • GPITG (TZA)- an Information Technology Consulting Firm which provides various services including telemedicine, electronic health management system, integrated appointment management system and others
  • Philips Healthcare- a leader in healthcare technology, Philips Healthcare offers connected health services like telemedicine, health data analytics and remote patient monitoring
  • IBM- the IBM division of IBM Watson Health employs data analytics and artificial intelligence to enhance patient outcomes with connected healthcare solutions
  • Siemens Healthineers- together with healthcare IT solutions, the company manufactures and distributes medical imaging and diagnostic equipment

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

Connected Healthcare Market Segmentation

By Type (Revenue, USD Billion):

Based on the Type the market is segmented into mHealth services, mHealth Devices, and E- Prescription

  • MHealth services
  • mHealth Devices
  • E- Prescription

By FunctionType (Revenue, USD Billion):

  • Remote patient monitoring
  • Clinical monitoring
  • Telemedicine
  • Others (Assisted Living)

By Application Type (Revenue, USD Billion):

  • Diagnosis and Treatment
  • Monitoring Application
  • Wellness and Prevention
  • Healthcare management
  • 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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Last updated on: 28 March 2023
Updated by: Shivam Zalke

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