Medical - Africa
Africa- The Medical market in Africa is expected to witness significant growth in the coming years.
- The projected total revenue for this market is estimated to reach US$9.38m in 2022.
- This indicates a promising outlook for the Medical market sector in Africa.
- Furthermore, the market is expected to experience a steady annual growth rate of 11.64% from 2022 to 2027, resulting in a projected market volume of US$16.15m by 2027.
- This demonstrates the potential for continued expansion and development in the Medical market in Africa.
- Within the Medical market, in-app purchase (IAP) revenue is projected to reach US$5.81m in 2022.
- This revenue stream is expected to contribute significantly to the overall market growth in Africa.
- Paid app revenue in the Medical market is also anticipated to increase, reaching US$2.48m in 2022.
- This indicates a positive trend in the willingness of consumers to invest in Medical market applications within the African market.
- Advertising revenue in the Medical market is projected to reach US$1.09m in 2022.
- This suggests that advertising is an important revenue source for Medical market applications in Africa.
- Moreover, the number of downloads in the Medical market is anticipated to reach 1.04m downloads in 2022.
- This reflects the growing demand for Medical market applications among users in Africa.
- Currently, the average revenue per download in the Medical market is expected to amount to US$9.04.
- This metric provides insights into the profitability of Medical market applications and their potential for generating revenue in Africa.
- In a global comparison, it is noteworthy that United States generates the highest revenue in the Medical market, projected to reach US$485.00m in 2022.
- This indicates the dominance of the United States in terms of revenue generation within the Medical market worldwide.
- Overall, the Medical market in Africa shows promising prospects, with projected revenue growth and increasing consumer demand for Medical market applications.
- As the market continues to evolve, it presents opportunities for businesses and investors to tap into this growing sector in Africa.
- Key regions:
- United States,
- Asia,
- Europe,
- South Korea,
- Japan
Definition:
The Medical market contains apps that track users' medical conditions, provide medical knowledge, and/or facilitate communication between users and healthcare professionals. Apps such as Pregnancy + and Ovia Pregnancy Tracker help expectant mothers track their pregnancy stages. Telehealth apps such as Teladoc and K Health connect users with physicians for online consultations. Other apps such as Essential Anatomy enhance medical learning by allowing students to explore every layer and structure of human anatomy.Additional Information:
We consider three different sources of revenue:- Revenue from in-app purchases (IAP) that comes from the purchase of features, upgrades, and subscriptions within an app
- Paid app revenue from the one-time purchase of an app
- Advertising revenue obtained from showing ads within an app
In-Scope
- Apps that can be downloaded from major app stores such as Apple, Inc.'s App Store and the Google Play store, or in the case of China, from stores such as Huawei AppGallery and Tencent Appstore.
- Apps that are run on iPhones and Android phones.
Out-Of-Scope
- Apps exclusively offered by Microsoft Store and Amazon Appstore for Android.
- Custom-made apps not available from any official app store.
- B2B/C2C app sales of any kind.
- Subscription revenues outside of in-app purchases (for example, Netflix and Spotify use their own payment systems outside of their apps).
