Digital Health - Myanmar | Statista Market Forecast

The Digital Health market in Myanmar is expected to witness substantial growth in the coming years.
By 2024, the projected revenue is estimated to reach US$145.60m.
This growth is further expected to continue at a compound annual growth rate (CAGR) of 7.94% from 2024 to 2029, resulting in a projected market volume of US$213.30m by 2029.
The average revenue per user (ARPU) in Myanmar's Digital Health market is anticipated to be around US$17.95.
In terms of global comparison, United States is projected to generate the highest revenue in the Digital Health market, reaching US$47.12bn by 2024.
Within Myanmar's Digital Health market, the largest market is expected to be Digital Treatment & Care, with a total revenue value of US$82.13m in 2024.
This market is poised to play a significant role in shaping the overall market landscape.
Myanmar's digital health market is rapidly growing, driven by the government's push for healthcare digitization and increasing adoption of mobile health applications by the population.

Definition:

The Digital Health market refers to the use of technology to improve health and healthcare delivery. It includes the Digital Fitness & Well-Being, Online Doctor Consultations, and Digital Treatment & Care markets.

Structure:

The Digital Health market is divided into three markets:

Digital Fitness & Well-Being: This market includes fitness trackers, health and wellness coaching, and tools that help individuals monitor and improve their health and well-being.
Online Doctor Consultations: This market includes telemedicine and other digital tools that allow patients to consult with doctors remotely.
Digital Treatment & Care: This market includes digital tools that are used to diagnose, treat, and manage medical conditions. It includes the Connected Biosensors and Digital Care Management markets.

Additional Information:

The growth of the Digital Health market is driven by factors such as increasing smartphone penetration, improved internet connectivity, and the growing need to curb healthcare costs. The market is also supported by government initiatives to spread digitalization across the healthcare sector. Key players in the market are introducing advanced applications to enhance the user experience and integrate with other digital platforms. The COVID-19 pandemic has accelerated the adoption of digital health solutions, particularly in the Online Doctor Consultations market.

Digital fitness and well-being
Fitness trackers
Connected Biosensors
Digital care management
Online pharmacies
Online doctor consultations
Health and wellness coaching
Digital treatment and care

Smart clothing
Smart shoes
Smart eyewear

The Digital Health market in Myanmar is experiencing significant growth and transformation, driven by various factors shaping the healthcare landscape in the country.

Customer preferences: Consumers in Myanmar are increasingly seeking convenient and accessible healthcare solutions, leading to a rising demand for digital health services. With the growing penetration of smartphones and internet connectivity in the country, individuals are looking for digital fitness and well-being platforms to monitor their health and fitness levels remotely. Moreover, the preference for online doctor consultations is on the rise as it offers a time-saving and cost-effective alternative to traditional in-person visits.

Trends in the market: In Myanmar, the digital health market is witnessing a surge in the adoption of digital treatment and care services. Patients are turning to online platforms to access medical advice, treatment plans, and medication delivery services, especially in remote areas where physical healthcare facilities are limited. This trend is further fueled by the ongoing COVID-19 pandemic, which has accelerated the shift towards telemedicine and digital healthcare solutions.

Local special circumstances: Myanmar's healthcare system faces challenges such as limited infrastructure, healthcare workforce shortages, and unequal access to medical services across urban and rural areas. In this context, digital health technologies offer a promising solution to bridge the gap and improve healthcare accessibility for the population. The government's initiatives to promote telehealth services and regulate digital health platforms are also shaping the market dynamics in Myanmar.

Underlying macroeconomic factors: The digital health market in Myanmar is influenced by macroeconomic factors such as increasing healthcare expenditure, rising disposable income, and a growing awareness of preventive healthcare practices among the population. As the country undergoes economic development and urbanization, there is a growing emphasis on leveraging technology to enhance healthcare delivery and outcomes. These factors contribute to the overall growth and expansion of the digital health market in Myanmar.

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.

Over 1.3 billion people will use digital health in 2024. This includes using fitness trackers and smartwatches, online doctor consultations, or any other digital treatment and care use. The utilization of digital health, particularly telemedicine, increased significantly during the COVID-19 pandemic as alternatives to physical appointments were required. Wearables such as smartwatches have been popular for some years, and still undergo steady growth. The digital health market was worth around 172 billion U.S. dollars in 2024, with a forecast for future growth.