Digital Treatment & Care - Benin

Benin

The Digital Treatment & Care market in Benin is projected to reach a revenue of US$9.41m in 2024.
This is expected to show an annual growth rate (CAGR 2024-2029) of 10.45%, resulting in a projected market volume of US$15.47m by 2029.
The user penetration is anticipated to be 2.62% in 2024 and is expected to increase to 3.41% by 2029.
The average revenue per user (ARPU) is projected to amount to US$25.50.
In comparison to other countries, United States is estimated to generate the highest revenue, with US$29,910.00m in 2024.
Despite limited access to digital healthcare infrastructure, Benin is experiencing a growing trend of mobile health apps for remote diagnosis and treatment.

Key regions: Japan, India, United States, Canada, Italy

Definition:

The Digital Treatment & Care market includes devices and apps that help users monitor and analyze lifestyle-related aspects and improve their overall health. It includes user and revenue trends for four categories: digital care management, connected Biosensors, and online pharmacies.

Structure:

The Digital Treatment & Care market is divided into four markets:

Connected Biosensors: Biosensors that collect information on a variety of health parameters and vital signs of an individual (blood pressure, temperature, blood glucose, weight) by reading or measuring this data and transmitting it via electrical signals.

Digital Care Management: Various apps that help users monitor/detect/analyze physical health conditions. Contraception and fertility apps provide users with guidelines on self-care, family planning, and birth control, raise their awareness, and offer monitoring functions. Medication checker apps provide users with useful dosage intake guidelines, drug interaction information, and personal medication records.

Online Pharmacies: Over-the-counter medicine that can be purchased without a medical prescription through online sales channels. The market comprises analgesics, cold and cough medication, digestives and intestinal remedies, skin treatment products, and vitamins and minerals.

Digital Therapeutics (DTx): Software-based therapeutic interventions that deliver evidence-based therapeutic content to patients to prevent, manage, or treat a medical condition. DTx can be used to treat a wide range of conditions, including chronic diseases, mental health disorders, and substance use disorders.

Additional Information:

The digital care management user base includes paying and non-paying customers. The revenue figures only include revenues generated from paid apps offering premium options and from in-app purchases; revenues from app downloads and advertising are not included. The data only reflects B2C revenues; B2B and C2C revenues are not covered.

Market

Region

Region comparison

Currency

Analyst Opinion

The Digital Treatment & Care market in Benin is experiencing significant growth and development, driven by various factors influencing the adoption of digital healthcare solutions in the country.

Customer preferences: Customers in Benin are increasingly turning to digital treatment and care options due to the convenience, accessibility, and efficiency they offer. With the rising penetration of smartphones and internet connectivity in the country, there is a growing demand for digital solutions such as contraception/fertility apps, medication checker apps, online pharmacies, and smart health monitoring devices.

Trends in the market: One noticeable trend in the Benin market is the increasing popularity of online pharmacies, allowing customers to purchase medications and healthcare products from the comfort of their homes. Additionally, there is a growing interest in smart health monitoring devices like smart thermometers, blood glucose meters, and blood pressure meters, enabling individuals to track and manage their health more effectively. The use of social alarms for emergency assistance is also gaining traction among the elderly population in Benin.

Local special circumstances: Benin's healthcare infrastructure faces challenges such as limited access to healthcare facilities, especially in rural areas, and a shortage of healthcare professionals. As a result, digital treatment and care solutions play a crucial role in bridging the gap and providing essential healthcare services to underserved populations. The government's efforts to promote digital healthcare initiatives and improve healthcare access further contribute to the growth of the market in Benin.

Underlying macroeconomic factors: The economic development and increasing disposable income in Benin are driving the adoption of digital treatment and care solutions among the population. As people become more health-conscious and seek convenient ways to manage their well-being, the demand for digital healthcare services continues to rise. Additionally, partnerships between technology companies, healthcare providers, and government agencies are facilitating the expansion of digital treatment and care offerings in the country.

Methodology

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.