Digital Treatment & Care - Chile

Chile

The Digital Treatment & Care market in Chile is expected to generate revenue of US$187.90m in 2024.
This projected revenue is estimated to experience an annual growth rate (CAGR 2024-2029) of 10.62%, resulting in a market volume of US$311.30m by 2029.
By 2024, the user penetration rate is projected to be 21.52%, which is expected to increase to 26.25% by 2029.
The average revenue per user (ARPU) is expected to be US$44.40.
In comparison to other countries, United States is anticipated to generate the highest revenue with US$29,910.00m in 2024.
Chile is witnessing a surge in the adoption of digital treatment & care solutions, revolutionizing the healthcare landscape.

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 Chile is experiencing significant growth and development, driven by various factors shaping the healthcare landscape in the country.

Customer preferences: In Chile, there is a growing preference among consumers for digital health solutions that offer convenience, accessibility, and personalized care. With the increasing penetration of smartphones and internet connectivity, individuals are turning to digital treatment and care options for managing their health and wellness needs. The demand for contraception/fertility apps, medication checker apps, online pharmacies, smart healthcare devices, and digital therapeutics is on the rise as consumers seek more control and insights into their healthcare journey.

Trends in the market: One noticeable trend in the Chilean market is the adoption of smart healthcare devices such as smart thermometers, smart blood glucose meters, smart blood pressure meters, and social alarms. These devices offer real-time monitoring, data tracking, and connectivity features that empower users to proactively manage their health conditions. Additionally, the increasing availability of digital therapeutics solutions is revolutionizing the way chronic diseases are treated and managed in Chile. Patients are embracing digital platforms that provide evidence-based interventions, personalized treatment plans, and remote monitoring capabilities.

Local special circumstances: Chile's healthcare system is characterized by a strong emphasis on technology and innovation, creating a conducive environment for the growth of the digital treatment and care market. The government's initiatives to promote digital health solutions, improve healthcare access in remote areas, and enhance patient outcomes are driving the adoption of digital technologies across the healthcare sector. Moreover, the presence of a tech-savvy population and a growing awareness of the benefits of digital healthcare are further fueling the demand for digital treatment and care solutions in the country.

Underlying macroeconomic factors: The macroeconomic landscape in Chile, including factors such as GDP growth, healthcare expenditure, regulatory environment, and technological infrastructure, plays a crucial role in shaping the digital treatment and care market. As the country continues to invest in healthcare infrastructure, digitalization efforts, and public health programs, the opportunities for digital treatment and care providers to expand their offerings and reach a wider audience are expected to grow. Additionally, favorable economic conditions and increasing disposable incomes are enabling more individuals to invest in digital health solutions for better management of their health and well-being.

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.