Digital Health - Southern Africa

Southern Africa

Revenue in the Digital Health market is projected to reach US$976.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.76%, resulting in a projected market volume of US$1,486.00m by 2029.
The average revenue per user (ARPU) is expected to amount to US$59.03.
In global comparison, most revenue will be generated in the United States (US$47,120.00m in 2024).
The market's largest market will be Digital Treatment & Care with a total revenue value of US$518.60m in 2024.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Digital Health market in Southern Africa is experiencing significant growth and evolution, driven by various factors that cater to the changing needs and preferences of consumers in the region.

Customer preferences: Consumers in Southern Africa are increasingly seeking convenient and accessible healthcare solutions, leading to a rising demand for digital health services. The convenience of accessing fitness and well-being resources, consulting with healthcare professionals online, and receiving digital treatment and care aligns with the busy lifestyles of many individuals in the region.

Trends in the market: In Southern Africa, the digital fitness and well-being sector is witnessing a surge in popularity as more people prioritize their health and wellness. Online platforms offering virtual fitness classes, personalized wellness plans, and health tracking tools are becoming increasingly popular among consumers looking to improve their overall well-being. Moreover, the online doctor consultation segment is gaining traction in Southern Africa, particularly in remote areas where access to traditional healthcare facilities may be limited. The ability to consult with healthcare providers virtually allows patients to receive medical advice, prescriptions, and follow-up care without the need for in-person visits. Additionally, the digital treatment and care sector in Southern Africa is advancing rapidly, with the adoption of telemedicine and remote monitoring technologies. Patients are benefiting from remote access to specialists, chronic disease management programs, and digital tools that help them adhere to treatment plans effectively.

Local special circumstances: Southern Africa faces unique healthcare challenges, including limited access to healthcare facilities in remote areas, a shortage of healthcare professionals, and high disease burdens. The digital health market in the region is addressing these challenges by providing innovative solutions that bridge the gap between healthcare providers and patients. Furthermore, the diverse cultural landscape and languages spoken in Southern Africa present opportunities for digital health providers to offer multilingual services and culturally sensitive care. By catering to the specific needs of different populations within the region, digital health companies can enhance the overall healthcare experience for consumers.

Underlying macroeconomic factors: The digital health market in Southern Africa is also influenced by macroeconomic factors such as technological advancements, government initiatives to promote telehealth services, and increasing internet penetration rates. As more people gain access to smartphones and the internet, the adoption of digital health solutions is expected to continue growing in the region.

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.