Digital Care Management - North America

  • North America
  • The North American Digital Care Management market is poised to witness substantial growth in the coming years.
  • It is projected that by 2024, the market revenue will reach an impressive figure of US$27.83bn.
  • This growth trajectory is expected to continue, with a compound annual growth rate (CAGR) of 9.04% between 2024 and 2029, resulting in a projected market volume of US$42.89bn by 2029.
  • In terms of user penetration, the market is expected to have a penetration rate of 27.04% in 2024, which is anticipated to increase to 33.49% by 2029.
  • This indicates a growing adoption of digital care management solutions among the population in North America.
  • Furthermore, the average revenue per user (ARPU) is projected to be US$201.70, reflecting the value that users are willing to pay for these services.
  • In a global perspective, United States is expected to generate the highest revenue in the Digital Care Management market.
  • It is estimated that in 2024, United States will contribute US$24,690.00m to the market, highlighting its dominance in the region.
  • Overall, the North American Digital Care Management market is poised for significant growth, driven by increasing user adoption and United States' leading position in generating revenue in this market.
  • In North America, digital care management solutions are revolutionizing the healthcare industry by improving patient outcomes and streamlining care delivery processes.

Key regions: Italy, Japan, United Kingdom, France, Asia

 
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Analyst Opinion

The Digital Care Management market in North America is experiencing significant growth and development, driven by various factors shaping the healthcare landscape in the region.

Customer preferences:
Customers in North America are increasingly turning to digital solutions for their healthcare needs, including online pharmacy services, medication checker apps, and contraception and fertility apps. The convenience, accessibility, and ease of use offered by these digital platforms are appealing to tech-savvy consumers who value efficiency and personalized care.

Trends in the market:
In the United States, the online pharmacy sector is witnessing a surge in demand as more consumers opt for the convenience of ordering medications online and having them delivered to their doorstep. Medication checker apps are also gaining popularity among patients who want to ensure the safety and accuracy of their prescriptions. Additionally, contraception and fertility apps are becoming more widely used by individuals seeking non-invasive family planning solutions.

Local special circumstances:
In Canada, the Digital Care Management market is influenced by the country's universal healthcare system, which provides a unique context for the adoption of digital health technologies. Canadian consumers are increasingly embracing online pharmacy services as a convenient alternative to traditional brick-and-mortar pharmacies. The use of medication checker apps is also on the rise, reflecting a growing emphasis on patient safety and medication adherence. Moreover, contraception and fertility apps are catering to the evolving needs of Canadian individuals and couples looking for reliable family planning tools.

Underlying macroeconomic factors:
The growing adoption of digital care management solutions in North America is also influenced by macroeconomic factors such as increasing healthcare costs, an aging population, and technological advancements in the healthcare industry. As healthcare expenses continue to rise, consumers are seeking cost-effective and convenient ways to manage their health and wellness. The proliferation of smartphones and mobile devices has further fueled the demand for digital healthcare services, driving innovation and competition in the market.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Users
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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