Digital Health - Zambia

  • Zambia
  • The Digital Health market in Zambia is projected to achieve a revenue of US$40.55m in 2024.
  • It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 9.44%, leading to a projected market volume of US$63.67m by 2029.
  • The average revenue per user (ARPU) is anticipated to be US$17.41.
  • When compared globally, United States is expected to generate the highest revenue of US$47,120.00m in 2024.
  • Among the various markets, the Digital Treatment & Care sector will dominate with a total revenue value of US$20.87m in 2024.
  • In Zambia, the digital health market is witnessing an increasing adoption of telemedicine services to overcome the challenges of limited access to healthcare facilities in rural areas.

Key regions: United States, China, Japan, Asia, Europe

 
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Analyst Opinion

The Digital Health market in Zambia is experiencing significant growth and development across various segments including digital fitness and well-being, online doctor consultation, and digital treatment and care.

Customer preferences:
Customers in Zambia are increasingly seeking convenient and accessible healthcare solutions, which has led to a growing demand for digital health services. The convenience of accessing fitness and well-being resources online, consulting with healthcare providers virtually, and receiving digital treatment and care aligns well with the preferences of tech-savvy consumers in the country.

Trends in the market:
In Zambia, there is a noticeable trend towards the adoption of digital fitness and well-being platforms as more individuals prioritize their health and wellness. Online doctor consultations are also gaining popularity, especially in rural areas where access to healthcare facilities may be limited. Moreover, the digital treatment and care segment is seeing advancements in telemedicine and remote patient monitoring, providing patients with more options for managing their health conditions.

Local special circumstances:
Zambia faces challenges in its healthcare system, including limited healthcare infrastructure and healthcare professionals in remote areas. As a result, digital health solutions offer a promising alternative to traditional healthcare services by bridging the gap between patients and providers. The government's efforts to promote telehealth services and digital health initiatives further support the growth of the market in the country.

Underlying macroeconomic factors:
The increasing penetration of smartphones and internet connectivity in Zambia has played a significant role in driving the adoption of digital health services. As more individuals gain access to mobile devices and the internet, the potential customer base for digital health platforms expands. Additionally, the government's focus on improving healthcare access and quality through technology aligns with the growing trend of digital health in the country.

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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