Digital Care Management - Taiwan | Statista Market Forecast

The Digital Care Management market in Taiwan is projected to reach a revenue of US$12.25m in 2024.
This market is expected to show an annual growth rate (CAGR 2024-2029) of 8.48%, resulting in a projected market volume of US$18.41m by 2029.
The user penetration rate is projected to be 7.49% in 2024 and is expected to increase to 9.96% by 2029.
The average revenue per user (ARPU) is expected to be US$6.83.
In global comparison, United States is expected to generate the highest revenue, amounting to US$24.69bn in 2024.
Taiwan is experiencing a growing demand for digital care management solutions in its digital health market.

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 Taiwan is seeing significant growth and evolution, with a focus on online pharmacy, medication checker apps, and contraception and fertility apps.

Customer preferences: In Taiwan, customers are increasingly turning to digital solutions for their healthcare needs due to convenience, accessibility, and the ability to access a wide range of services from the comfort of their homes. The younger generation, in particular, is driving the demand for digital care management tools as they are more tech-savvy and value convenience in their busy lifestyles.

Trends in the market: One of the key trends in the Digital Care Management market in Taiwan is the rise of online pharmacies. Consumers are opting to purchase medications online due to the ease of ordering, competitive pricing, and discreet delivery options. Medication checker apps are also gaining popularity as they provide users with valuable information about drug interactions, side effects, and proper dosage, ensuring safe and effective use of medications. Additionally, contraception and fertility apps are becoming increasingly popular among women in Taiwan who are looking for natural family planning methods or tracking their fertility cycles.

Local special circumstances: Taiwan has a well-developed healthcare system with a high level of digital literacy among its population. The government has been supportive of digital healthcare initiatives, which has created a favorable environment for the growth of the Digital Care Management market. Moreover, the increasing focus on preventive healthcare and wellness among Taiwanese consumers is driving the adoption of digital tools that help them manage their health proactively.

Underlying macroeconomic factors: The growing middle-class population in Taiwan, coupled with rising healthcare expenditures, is contributing to the expansion of the Digital Care Management market. As disposable incomes increase, consumers are willing to spend more on healthcare services, including digital care management solutions. Furthermore, the aging population in Taiwan is fueling the demand for healthcare services, leading to a greater emphasis on digital solutions that can help improve access to care and streamline healthcare processes.

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.