How Health Tech Market Is Positioned In Indonesia?
The Indonesian government introduced universal healthcare in 2014, with the aim of 100 percent coverage by 2020P. The government agency responsible for the implementation of universal healthcare (BPJS- Badan Penyelenggara Jaminan Sosial) estimates that as of 31 August 2020P, 221 million Indonesians were covered by universal healthcare. This accounts for about 84 percent of the population.
Indonesia’s digital health ecosystem is rapidly growing, creating opportunities for businesses as well as new areas for partnership and collaborations. Indonesia has a mixed model of public and private delivery of healthcare. Indonesia’s large and technologically engaged population provides a strong foundation for digital health businesses. The health tech solutions are becoming important for the healthcare system in the country with improved delivery of precision healthcare and end-to-end care and provide greater consumer control in the sector. Digital health has emerged as a key area of disruptive innovation in Indonesia in the last 4-5 years and is gaining momentum as Indonesia’s sizeable youth population increasingly looks to digital solutions to access goods and services. Indonesian healthcare companies are looking globally for internationally competitive digital health solutions.
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Digital health is emerging in Indonesia, as it is globally, to address a number of challenges in the country’s healthcare system. As Indonesia has moved up the development curve, health outcomes have improved.
In the last 4-5 years, a range of digital health companies and digital health solutions have emerged in Indonesia. Indonesia’s large and geographically dispersed population provides a strong user base for Indonesia’s emerging digital health applications. The Indonesian government is yet to regulate digital health applications, leaving a grey area where digital health applications are operating.
Indonesia Health Tech Market Segmentation
By Product Type:
The health tech market is segmented on the basis of four major types of products available in Indonesia. The Indonesia health tech market is segmented into the E-pharmacy market, online consultation market, healthcare IT solutions market, and appointment booking market.
The online consultation segment holds a higher share in Indonesia’s health tech market during 2020 owing to the increasing demand of virtual consultation, social distancing, and lockdown in the initial months of 2020 due to the covid-19 pandemic.
Whereas on the other hand, the appointment booking segment held the lowest share in the market due to its low product awareness in Indonesia. Strong growth was observed in Indonesia’s health tech industry majorly due to high-end user demand.
Detailed Analysis On E-Pharmacy Market
E-Pharmacy Market:
The e-pharmacy market was observed to be in its initial growing stage alongside Nonprescription based drugs/products contribute the largest towards the sales revenue in the e-pharmacy market. The e-pharmacy segment contributed to the second-highest share of revenue in 2020P. The e-pharmacy market is further segmented on the basis of order split, order platform, and cities.
Detailed Analysis On Online Consultation Market
The online consultation market was observed to be in its early growth stage alongside witnessing very high growth over the years due to its increased demand by the people in Indonesia. Video consultation contributes the maximum towards the revenue by the value of the online consultation market. The online consultation segment contributed the highest share of revenues in 2020 in the Indonesia Health Tech market. The online consultation market is further segmented on the basis of mode of consultation, type of doctor, and cities.
Detailed Analysis On Healthcare It Solutions Market
The Healthcare IT Solutions market was observed to be in its steady growing stage as compared to other markets, alongside witnessing adequate growth over the years. Hospitals being the majority of end-user contribute the largest revenue value for the healthcare IT solutions market.
Detailed Analysis On Healthcare It Solutions Market
The Appointment Booking market was observed to be in its initial growth stage alongside witnessing moderately increasing growth rates over the years. Clinics contribute the largest volume for the appointment booking market. The appointment booking market is further segmented on the basis of booking destination, cities, type of doctor, and booking platform.
Comparative Landscape In Indonesia Health Tech Market
The competition was again observed to be moderately fragmented however, within some product segments; the competition has become concentrated with the entry of domestic players such as Halodoc, Alodokter, and others. Nevertheless, the local/domestic players have a presence in the market in terms of revenue, product variants, and others.
Indonesia Health Tech Future Outlook And Projections
Factors such as new product variants, additional availability of doctors, shifting from traditional to online health services will drive the Indonesian Health Tech market in the near future both in terms of revenue and sales volume. Apart from domestic players numerous other international players might enter the market and contribute towards the growth in the future in Indonesia.
Key Segments Covered: –
By Product
E-Pharmacy Market
Online Consultation Market
Healthcare IT Solutions Market
Appointment Booking Market
Product Type
E-Pharmacy Market
Order Split (Prescribed, OTC and Others)
Order Platform (Mobile and Web)
Cities (Jakarta, Bandung, Surabaya and others)
Online Consultation Market
Mode of Consultation (Chat, Audio, Video)
Type of Doctor (General and Specialized)
Cities (Jakarta, Bandung, Surabaya and Others)
Healthcare IT Solutions Market
End Users (Hospitals, Clinics and Pharmacies)
Products (HMS, CMS, PMS, EMR)
Type of Payment (Subscription, per-invoice)
Cities (Jakarta, Surabaya, Medan, others)
Appointment Booking Market
Destination (Hospitals, Clinics)
Type of Doctor (General, specialized, dentist)
Cities (Jakarta, Tangerang, Surabaya and others)
Booking Platform (Mobile, web)
Key Target Audience
Healthcare Professionals
Hospitals
Clinics
Investors
Venture Capitalists
Healthcare startups
Health tech startups
Online Consultation Platform
E-Health Platforms
Appointment Booking Platforms
Healthcare IT Companies
Time Period Captured in the Report:
Historical Period: 2017-2020P
Forecast Period: 2020P–2025F
Companies Covered:
Online Consultation
Halodoc
Alodokter
TanyaDok (Atoma Medical)
GrabHealth(Good Doctor Technology)
Konsula
SehatQ
YesDok
E-Pharmacy
K24Klik (Apotek K24)
Halodoc
GoApotik (PT GUE)
Prosehat (Atoma Medical)
SehatQ
GrabHealth (Good Doctor Technology)
Healthcare IT Solutions
Medico
Medigo
Konsula
OmniCare
Assit.ID
Periksa.ID
Bridge Tech Solutions
Elitser IT Solutions
Appointment Booking
Alodokter
Halodoc
Konsula
BookDoc
OkaDoc
SehatQ
GrabHealth (Good Doctor Technology)
Practor
Key Topics Covered in the Report: –
Indonesia Health Tech Market Introduction
Indonesia Health Teh Market Size, 2017-2020P
Indoneisa Health Tech Market Segmentation, 2017-2020P (GMValue on the basis of type of product – E-Pharmacy, Online Consultation, Healthcare IT Solutions and Appointment booking)
Detailed Analysis on Indonesia E-Pharmacy Market (BY GMV – By Order Split on the basis of Prescribed drugs, OTC drugs, Medical devices and other products, By city – Jakarta, Bandung, Surabaya and Others, By Order platform – Mobile application and web browser, By No. of Orders – By Order Split on the basis of Prescribed drugs, OTC drugs, Medical devices and other products, By city – Jakarta, Bandung, Surabaya and Others, By Order platform – Mobile application and web browser)
Detailed Analysis on Indonesia Online Consultation Market (By No. of Consultations: By Mode of Consultation – Chat, Video and Audio, By Type of Doctor – General practitioner and Specialized Doctor, By City – Jakarta, Bandung, Surabaya and Others, By GMV – By Mode of Consultation – Chat, Video and Audio, By Type of Doctor – General practitioner and Specialized Doctor, By City – Jakarta, Bandung, Surabaya and Others)
Detailed Analysis on Indonesia Healthcare IT Solutions Market (By GMV – By end users – Hospitals, Clinics and Drug Stores, By Payment Methods – Subscription and Per-Invoice, By Product Type – Software and IT Services)
Detailed Analysis on Indonesia Appointment Booking Market (By GMV – By Destination – Hospitals and clinics, By city – Jakarta, Tangerang, Surabaya and others, by platform – Mobile app and web browser, By type of Doctor – General Practitioner, Dentist and Specialized Doctor, By no. of Appointments -By Destination – Hospitals and clinics, By city – Jakarta, Tangerang, Surabaya and others, by platform – Mobile app and web browser, By type of Doctor – General Practitioner, Dentist and Specialized Doctor)
Trends and Developments in Indonesia Health Tech Market (Future Projections on
Regulatory Landscape in Indonesia Health Tech Market
Target End Users (target End users for the E-Pharmacy segment, online consultation segment, healthcare IT solutions segment and the appointment booking segment)
Comparative Landscape in Indonesia Health Tech Market
Indonesia Health Tech Market Future Outlook and Projections, 2020P-2025F (GMValue on the basis of type of product – E-Pharmacy, Online Consultation, Healthcare IT Solutions and Appointment booking)
International Success Case Study for Indonesia Health Tech Market
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Indonesia Health Tech Market Growth
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