Digital Fitness & Well-Being - Northern Africa

Northern Africa

Highlights

The Digital Fitness & Well-Being market in Northern Africa is anticipated to witness substantial growth, with projected revenue reaching US$683.60m by 2024.
Moreover, the market is expected to exhibit a steady annual growth rate (CAGR 2024-2029) of 9.30%, resulting in a projected market volume of US$1.07bn by 2029.
In terms of user penetration, it is estimated that 13.23% of the population will be engaged in the Digital Fitness & Well-Being market in 2024, a number that is projected to increase to 17.40% by 2029.
This indicates a growing interest and adoption of digital fitness and well-being solutions in Northern Africa.
The average revenue per user (ARPU) is expected to amount to US$19.81, showcasing the potential for revenue generation per individual in this market.
When it comes to global comparison, United States is projected to be the leading revenue generator in the Digital Fitness & Well-Being market, with an estimated revenue of US$14.82bn in 2024.
This highlights United States's dominance in this market and its significant contribution to the overall revenue in the industry.
In Northern Africa, the Digital Fitness & Well-Being market is experiencing a surge in popularity, with mobile health apps and online fitness platforms gaining traction among the population.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Digital Fitness & Well-Being market in Northern Africa is experiencing a significant growth driven by various factors.

Customer preferences: Customers in Northern Africa are increasingly turning to digital fitness and well-being solutions due to the convenience and accessibility they offer. The ability to access online doctor consultations and digital treatment and care services from the comfort of their homes is particularly appealing to individuals with busy schedules or limited access to traditional healthcare facilities.

Trends in the market: In countries like Egypt and Morocco, there is a growing trend towards using mobile apps for fitness tracking, personalized workout plans, and mental health support. These apps cater to the rising demand for holistic well-being solutions that address both physical and mental health needs. Additionally, online doctor consultation platforms are gaining popularity, providing a quick and efficient way for individuals to seek medical advice without the need for in-person visits.

Local special circumstances: Northern Africa has a young and tech-savvy population that is driving the adoption of digital fitness and well-being solutions. With increasing smartphone penetration rates and improving internet connectivity, more people in the region are embracing digital platforms for managing their health and wellness. Moreover, the COVID-19 pandemic has accelerated the shift towards online healthcare services, further boosting the demand for digital fitness and well-being solutions in the region.

Underlying macroeconomic factors: The digital transformation taking place across various sectors in Northern Africa is also influencing the development of the Digital Fitness & Well-Being market. Governments in the region are investing in digital infrastructure and promoting innovation in healthcare technology, creating a conducive environment for the growth of digital health solutions. Additionally, rising disposable incomes and changing lifestyles are driving the demand for convenient and affordable ways to stay healthy and fit, further fueling the expansion of the market.

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.