Digital Fitness & Well-Being - Ireland

Ireland

Highlights

The Digital Fitness & Well-Being market in Ireland is projected to reach a revenue of US$204.90m by 2024.
This is expected to show an annual growth rate (CAGR 2024-2029) of 9.74%, resulting in a projected market volume of US$326.10m by 2029.
The user penetration rate is estimated to be 67.78% in 2024 and is expected to increase to 94.80% by 2029.
The average revenue per user (ARPU) is projected to amount to US$59.39.
In global comparison, United States is anticipated to generate the highest revenue of US$14.82bn in 2024.
Ireland's digital fitness and well-being market is thriving, with an increasing number of local startups offering innovative solutions for virtual fitness classes and mental health support.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Digital Fitness & Well-Being market in Ireland is experiencing significant growth and evolution, driven by various factors shaping consumer behavior and market dynamics.

Customer preferences: Consumers in Ireland are increasingly prioritizing convenience and accessibility when it comes to health and well-being services. The demand for digital fitness and well-being solutions has surged as individuals seek flexible options to stay active and maintain their health. Online doctor consultations are also gaining popularity among tech-savvy consumers who value the convenience of virtual healthcare appointments. Moreover, the digital treatment and care segment is witnessing growth as patients look for remote monitoring and management of their health conditions.

Trends in the market: One prominent trend in the Irish market is the rise of digital fitness platforms offering personalized workout plans, virtual classes, and fitness tracking tools. These platforms cater to individuals looking to exercise from the comfort of their homes or on-the-go. Additionally, online doctor consultation services are being embraced by patients seeking quick medical advice, prescriptions, and follow-up care without the need for in-person visits. The digital treatment and care segment is also evolving with the integration of wearable devices and telemedicine solutions for remote patient monitoring and chronic disease management.

Local special circumstances: Ireland's growing tech-savvy population and high internet penetration rate are driving the adoption of digital fitness and well-being solutions across the country. The presence of innovative startups and established healthcare providers offering online services has created a competitive market environment that benefits consumers with a wide range of choices. Moreover, the emphasis on health and wellness in Irish culture is fueling the demand for digital solutions that promote overall well-being and preventive care.

Underlying macroeconomic factors: The digital fitness & well-being market in Ireland is also influenced by macroeconomic factors such as increasing healthcare expenditures, government initiatives supporting telehealth services, and the growing trend of digital transformation in the healthcare sector. Economic stability and rising disposable incomes contribute to the willingness of consumers to invest in digital health solutions that enhance their quality of life. Additionally, regulatory frameworks and data privacy laws play a crucial role in shaping the market landscape and building trust among users engaging in online health services.

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.