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: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.Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jun 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Jul 2024
Most recent update: Jun 2024
Source: Statista Market Insights
The Digital Treatment & Care market in Western Asia is experiencing significant growth and development, driven by various factors shaping the healthcare landscape in the region.
Customer preferences: Consumers in Western Asia are increasingly turning to digital solutions for managing their health and wellness. The convenience, accessibility, and personalized nature of digital treatment and care options such as contraception/fertility apps, medication checker apps, online pharmacies, smart health devices, and digital therapeutics are appealing to tech-savvy individuals in the region.
Trends in the market: In countries like Saudi Arabia and the United Arab Emirates, there is a growing trend towards using smart health devices like smart thermometers, blood glucose meters, and blood pressure monitors for remote health monitoring. These devices allow individuals to track their health metrics in real-time and share the data with healthcare providers for better management of chronic conditions.
Local special circumstances: In Iran, the use of online pharmacies is gaining popularity due to the convenience of ordering medications from the comfort of one's home. The strict regulations on traditional pharmacies in the country have also contributed to the rise of online pharmacy platforms as a reliable alternative for accessing healthcare products.
Underlying macroeconomic factors: The increasing digitalization of healthcare services in Western Asia is supported by factors such as improving internet penetration rates, rising smartphone usage, and government initiatives to promote e-health solutions. Additionally, the region's young and tech-savvy population is driving the demand for digital treatment and care options, leading to the rapid adoption of these technologies across different countries in Western Asia.
Most recent update: Jun 2024
Source: Statista Market Insights
Most recent update: Jun 2024
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights