Ukraine Digital Health Market Analysis Report [2022-30] I Insights10

Ukraine Digital Health Market Analysis

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The Ukraine 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 government support for the development of the sector and the growing demand for healthcare services driven by an aging population. The market is segmented by solution, by deployment & by end-use. Some of the major players include GE Healthcare, Cerner & Kyivstar.

ID: IN10UADH005 CATEGORY: Digital Health GEOGRAPHY: Ukraine AUTHOR: Vidhi Upadhyay

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Ukraine Digital Health Market Executive Summary

The Ukraine 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 health expenditure per capita for Ukraine saw a rise from $222.48 in 2018 to $248.13 (5.4% of GDP) in 2019 according to the World Health Organization Global Health Expenditure database. This includes both governmental and private healthcare expenses. The Ukraine government is the primary source of healthcare funding, with the majority of funds coming from the state budget. However, private spending on healthcare is enormous, notably on inpatient treatment and medications. Furthermore, the ongoing conflict in Ukraine has impacted healthcare spending in Ukraine, increasing the number of individuals in need of medical care and putting strain on the healthcare system.

Ukraine's digital health sector is growing, with an emphasis on telemedicine and electronic health records. Although the government has made some attempts to build and deploy digital health systems in the country, overall development has been slow. Telemedicine is the most developed sector of digital health in Ukraine, with telemedicine services provided by numerous commercial and state hospitals, clinics, and diagnostic institutes.

ukraine digital health market analysis

Market Dynamics

Market Growth Drivers

Access to treatment, cost reductions, government assistance, and an aging population are driving factors in Ukraine's digital health business. Telemedicine, remote monitoring, and electronic health records are examples of digital health technologies that have the potential to increase access to healthcare services, particularly in rural and isolated places, while also lowering healthcare costs. Moreover, The Ukrainian government has taken certain initiatives to encourage the growth of the country's digital health industry, such as enacting digital health legislation and regulations and collaborating with private enterprises and international organizations to create and implement digital health systems.

Market Restraints

The World Health Organization believes that Russia's imminent invasion of Ukraine has affected 18 million people as of March 14, 2022. Along with this catastrophe, Russia is waging a covert cyberwar on Ukraine's digital infrastructure, especially in the health sector.

The Ukrainian digital health sector is being slowed by a variety of other factors that might impede its growth and development. These include the country's ongoing political and economic instability, a lack of digital infrastructure in some parts of the country, a lack of standardization in digital healthcare systems and data, privacy and security concerns, slow adoption of new technologies by healthcare professionals, and a lack of investment. These characteristics can cause uncertainty for organizations and investors in the industry, making the implementation and usage of digital health solutions problematic.

Competitive Landscape

Key Players

GE Healthcare: It is a top national company, their digital solutions suite of applications utilizes technology like preventive, predictive, and prescriptive analytics to improve patient outcomes
Cerner: They have been building IT solutions to assist & enhance healthcare for 40 years
IBM: Offers a wide range of healthcare tools & services to aid digital health solutions
Philips: This company provides digital health solutions, including telemedicine, remote monitoring, and electronic health records
Kyivstar (UKR): In August 2022, Introduced Digital Health Services to All Ukrainians, both home and abroad, as part of its commitment to rebuilding the country
Liki24 (UKR): Liki24 is an online drugstore that sells medications, medical equipment, healthcare supplies, and nutrition supplements

Healthcare Policies and Regulatory Landscape

The Ministry of Health and the Ministry of Digital Transformation are the major government entities in Ukraine in charge of developing and implementing digital health projects. In order to create and implement digital health systems in the country, the government is also collaborating with private companies and international bodies. The State Service of Ukraine on Medicines and Drugs Control is in charge of registering and controlling medical equipment, including digital health goods, in Ukraine.

Reimbursement Scenario

In Ukraine, digital health reimbursement is currently constrained, however, there are some attempts trying to improve it. To enhance the accessibility and quality of healthcare services, the Ukrainian government has been establishing a national electronic health system, which includes funding for some digital health solutions. Furthermore, few private health insurance companies offer compensation for telemedicine services.

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.