Digital Fitness & Well-Being - Greece

Greece

Revenue in the Digital Fitness & Well-Being market is projected to reach US$215.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.35%, resulting in a projected market volume of US$293.40m by 2029.
User penetration will be 65.84% in 2024 and is expected to hit 83.30% by 2029.
The average revenue per user (ARPU) is expected to amount to US$31.80.
In global comparison, most revenue will be generated in the United States (US$14,820.00m in 2024).

Key regions: Germany, China, Italy, South Korea, Europe

Market

Region

Region comparison

Currency

Analyst Opinion

The Digital Fitness & Well-Being market in Greece has been experiencing significant growth and development in recent years.

Customer preferences: Greek consumers are increasingly turning to digital fitness and well-being solutions due to the convenience and flexibility they offer. The ability to access online doctor consultations and digital treatment and care services from the comfort of their homes is particularly appealing to individuals with busy schedules or limited mobility.

Trends in the market: One of the key trends in the Digital Fitness & Well-Being market in Greece is the rising popularity of fitness apps and online workout programs. With the increasing focus on health and wellness, more people are looking for convenient ways to stay active and monitor their progress. Additionally, the demand for online doctor consultations is on the rise as consumers seek quick and easy access to healthcare professionals for non-emergency medical issues.

Local special circumstances: Greece's geography, with many islands and remote areas, presents a unique challenge when it comes to accessing traditional healthcare services. As a result, digital solutions such as online doctor consultations and telemedicine play a crucial role in bridging the gap and ensuring that all individuals have access to quality healthcare services. The cultural emphasis on holistic well-being also contributes to the growing popularity of digital fitness and well-being solutions in the country.

Underlying macroeconomic factors: The Digital Fitness & Well-Being market in Greece is also influenced by macroeconomic factors such as the increasing adoption of digital technologies and the growing penetration of smartphones and internet connectivity. As more people gain access to digital devices, the market for digital fitness and well-being services is expected to continue expanding. Additionally, the COVID-19 pandemic has accelerated the shift towards digital healthcare solutions, further driving the growth of the market in Greece.

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 market. 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.