Digital Care Management - G7 | Statista Market Forecast

The projected revenue for the Digital Care Management market in 2024 is estimated to reach US$40.50bn.
It is expected that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 9.67%, resulting in a projected market volume of US$64.25bn by 2029.
The user penetration rate is anticipated to be 24.82% in 2024 and is projected to increase to 30.39% by 2029.
The average revenue per user (ARPU) is expected to be US$209.70.
In a global context, United States is projected to generate the highest revenue, amounting to US$24.69bn in 2024.
In the G7 country of Canada, there is a growing trend in the Digital Health market towards personalized and remote care management solutions.

Definition:

Digital care management encompasses a range of applications that enable users to monitor, analyze, and improve their physical health. These applications include online pharmacy platforms, medication checker apps, and contraception and fertility apps. Online pharmacy platforms allow users to conveniently access and order prescription medications and healthcare products online. Medication checker apps serve as guides for safe dosage intake, provide information on potential drug interactions, and facilitate the maintenance of personal medication records. Contraception and fertility apps offer guidance on family planning, contraceptive methods, fertility tracking, and reproductive health awareness, providing users with information as well as monitoring capabilities.

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Structure:

The Digital Care Management market is divided into three categories: online pharmacies, medication checker apps, and contraception and fertility apps.

Additional Information:

The Digital Care Management market data comprises revenue, average revenue per user, users, and user penetration rates. The user base of digital care management apps 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.

Contraception and fertility apps
Medication checker apps
Online pharmacies

Health tracking devices
Fitness apps
Nutrition apps
Meditation apps
Mindfulness apps

The Digital Care Management market in G7 countries is experiencing significant growth and development across various sub-markets such as online pharmacy, medication checker apps, and contraception and fertility apps.

Customer preferences: Customers in G7 countries are increasingly turning to digital solutions for managing their healthcare needs due to the convenience, accessibility, and efficiency offered by online platforms. The younger demographic, in particular, is more tech-savvy and prefers the ease of accessing medication information, purchasing prescriptions online, and tracking their health data through mobile apps.

Trends in the market: In the United States, the online pharmacy sector is witnessing a surge in demand as consumers seek cost-effective options and doorstep delivery services for their medications. Medication checker apps are gaining popularity in the United Kingdom, where patients are becoming more proactive about understanding their prescriptions and potential drug interactions. In Japan, there is a growing trend towards using contraception and fertility apps for family planning purposes, reflecting a shift towards digital health solutions in a traditionally conservative market.

Local special circumstances: In Germany, the strict regulations surrounding pharmaceutical sales have led to the rapid adoption of online pharmacies as a convenient and compliant way to access medications. France, known for its strong emphasis on privacy and data protection, has seen a rise in medication checker apps that prioritize secure information sharing and user confidentiality. Italy's increasing focus on women's health and reproductive rights has driven the demand for contraception and fertility apps that provide personalized insights and support for family planning.

Underlying macroeconomic factors: The Digital Care Management market in G7 countries is also influenced by macroeconomic factors such as technological advancements, regulatory frameworks, and healthcare policies. The push towards digital transformation in healthcare, coupled with the rising healthcare costs and aging population in these developed nations, has created a conducive environment for the growth of online pharmacy services and digital health tools. Additionally, the increasing prevalence of chronic diseases and the need for remote monitoring and telehealth solutions have further propelled the expansion of the Digital Care Management market in G7 countries.

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.