Digital Health - Argentina | Statista Market Forecast

Argentina is expected to see significant growth in the Digital Health market.
According to projections, the revenue in this market is estimated to reach US$990.90m by 2024.
Furthermore, it is anticipated that there will be an annual growth rate of 8.74% (CAGR 2024-2029), resulting in a projected market volume of US$1.51bn by 2029.
The average revenue per user (ARPU) is also expected to amount to US$53.47.
When compared to other countries globally, United States is projected to generate the highest revenue in the Digital Health market, reaching a staggering US$47.12bn in 2024.
Additionally, within the markets, Digital Fitness & Well-Being is expected to dominate with a total revenue value of US$480.50m in 2024.
These numbers showcase the immense potential for growth and development in the Digital Health market industry in Argentina.
Argentina is seeing a rise in the adoption of digital health solutions, with telemedicine and remote patient monitoring gaining popularity among the population.

Definition:

The Digital Health market refers to the use of technology to improve health and healthcare delivery. It includes the Digital Fitness & Well-Being, Online Doctor Consultations, and Digital Treatment & Care markets.

Structure:

The Digital Health market is divided into three markets:

Digital Fitness & Well-Being: This market includes fitness trackers, health and wellness coaching, and tools that help individuals monitor and improve their health and well-being.
Online Doctor Consultations: This market includes telemedicine and other digital tools that allow patients to consult with doctors remotely.
Digital Treatment & Care: This market includes digital tools that are used to diagnose, treat, and manage medical conditions. It includes the Connected Biosensors and Digital Care Management markets.

Additional Information:

The growth of the Digital Health market is driven by factors such as increasing smartphone penetration, improved internet connectivity, and the growing need to curb healthcare costs. The market is also supported by government initiatives to spread digitalization across the healthcare sector. Key players in the market are introducing advanced applications to enhance the user experience and integrate with other digital platforms. The COVID-19 pandemic has accelerated the adoption of digital health solutions, particularly in the Online Doctor Consultations market.

Digital fitness and well-being
Fitness trackers
Connected Biosensors
Digital care management
Online pharmacies
Online doctor consultations
Health and wellness coaching
Digital treatment and care

Smart clothing
Smart shoes
Smart eyewear

Argentina has seen a significant rise in the Digital Health market, with a growing interest in digital fitness and well-being, online doctor consultation, and digital treatment and care services.

Customer preferences: Argentinian consumers are increasingly turning to digital health solutions due to the convenience and accessibility they offer. The ability to access fitness programs, consult with healthcare professionals online, and receive digital treatments from the comfort of their homes has become appealing to individuals with busy lifestyles. Moreover, the younger demographic in Argentina, who are more tech-savvy, are driving the demand for digital health services in the country.

Trends in the market: One prominent trend in the Argentinian Digital Health market is the proliferation of mobile health apps and wearable devices that help individuals monitor their health and fitness levels. These tools provide real-time data and personalized insights, allowing users to track their progress and make informed decisions about their well-being. Additionally, the adoption of telemedicine platforms for virtual consultations with doctors is on the rise, especially in remote areas where access to healthcare facilities may be limited.

Local special circumstances: In Argentina, the Digital Health market is also benefiting from government initiatives aimed at promoting technology in the healthcare sector. The implementation of policies to support the development of digital health solutions and improve healthcare access for all citizens is creating a conducive environment for market growth. Furthermore, the increasing awareness about the importance of preventive healthcare measures is driving the demand for digital fitness and well-being services in the country.

Underlying macroeconomic factors: The economic landscape in Argentina, characterized by a growing middle-class population and increasing internet penetration rates, is playing a significant role in the expansion of the Digital Health market. As disposable incomes rise and more individuals gain access to smartphones and the internet, the demand for digital health solutions is expected to continue growing. Moreover, the COVID-19 pandemic has accelerated the adoption of telehealth services in Argentina, further fueling the growth of the Digital Health market in the country.

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Digital market, in a PDF format.

Over 1.3 billion people will use digital health in 2024. This includes using fitness trackers and smartwatches, online doctor consultations, or any other digital treatment and care use. The utilization of digital health, particularly telemedicine, increased significantly during the COVID-19 pandemic as alternatives to physical appointments were required. Wearables such as smartwatches have been popular for some years, and still undergo steady growth. The digital health market was worth around 172 billion U.S. dollars in 2024, with a forecast for future growth.