Digital Health - Brunei Darussalam

The Digital Health market in Brunei Darussalam is projected to reach a revenue of US$11.36m by 2024.
This market is expected to show an annual growth rate (CAGR 2024-2029) of 8.99%, resulting in a projected market volume of US$17.48m by 2029.
The average revenue per user (ARPU) is expected to amount to US$103.30.
In global comparison, United States is projected to generate the highest revenue in the Digital Health market, reaching US$47.12bn by 2024.
However, the largest market within the Digital Health market will be Digital Treatment & Care, with a total revenue value of US$5.31m in 2024.
Brunei Darussalam is experiencing a growing trend in the adoption of telemedicine services to improve access to healthcare in remote areas.

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

The Digital Health market in Brunei Darussalam is experiencing significant growth and development, driven by various factors that are shaping the landscape of healthcare services in the country.

Customer preferences: In Brunei Darussalam, customers are increasingly turning to digital health solutions for convenience, accessibility, and efficiency. The younger population, in particular, is more inclined towards using digital fitness and well-being apps to track their health metrics and stay fit. Online doctor consultations are also gaining popularity among busy professionals and individuals seeking quick medical advice without the need for physical visits. Moreover, the digital treatment and care services are being embraced by patients looking for remote monitoring and management of chronic conditions.

Trends in the market: One of the key trends in the Digital Health market in Brunei Darussalam is the proliferation of health and wellness apps that offer personalized fitness plans, diet tracking, and mental well-being support. These apps cater to the growing health consciousness among the population and provide a convenient way to manage one's health. Additionally, the increasing availability of telemedicine platforms is revolutionizing the way healthcare services are accessed in the country, especially in remote areas where access to healthcare facilities may be limited. The adoption of digital treatment and care solutions, such as remote patient monitoring devices, is also on the rise, enabling healthcare providers to deliver continuous care outside traditional clinical settings.

Local special circumstances: Brunei Darussalam's small geographical size and relatively high internet penetration rate make it conducive for the growth of the Digital Health market. The government's focus on promoting digitalization in healthcare services and improving the overall quality of healthcare delivery further contributes to the expansion of digital health solutions in the country. Moreover, the rising prevalence of chronic diseases among the population is driving the demand for remote healthcare monitoring and management tools, creating opportunities for digital health companies to offer innovative solutions tailored to the local needs.

Underlying macroeconomic factors: The increasing healthcare expenditure, coupled with the government's emphasis on enhancing healthcare infrastructure and services, is propelling the growth of the Digital Health market in Brunei Darussalam. The country's stable economic environment and supportive regulatory framework also encourage investments in digital health technologies and services. Furthermore, the growing awareness about the benefits of preventive healthcare and early intervention is driving the adoption of digital health solutions among both healthcare providers and consumers 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.