Digital Treatment & Care - Angola

Angola

The projected revenue in the Digital Treatment & Care market in Angola is expected to reach US$38.50m in 2024.
The market is anticipated to demonstrate a strong annual growth rate (CAGR 2024-2028) of 14.31%, resulting in a projected market volume of US$65.74m by 2028.
In terms of user penetration, it is estimated to be 11.83% in 2024 and is expected to increase to 15.03% by 2028.
The average revenue per user (ARPU) is projected to be US$8.73.
When compared globally, in the United States is expected to generate the highest revenue in the Digital Treatment & Care market, reaching US$24,240.00m in 2024.
Angola is experiencing a growing demand for digital treatment and care solutions in its emerging digital health market.

Key regions: Japan, India, United States, Canada, Italy

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:

Connected Biosensors: Biosensors that collect information on a variety of health parameters and vital signs of an individual (blood pressure, temperature, blood glucose, weight) by reading or measuring this data and transmitting it via electrical signals.

Digital Care Management: Various apps that help users monitor/detect/analyze physical health conditions. Contraception and fertility apps provide users with guidelines on self-care, family planning, and birth control, raise their awareness, and offer monitoring functions. Medication checker apps provide users with useful dosage intake guidelines, drug interaction information, and personal medication records.

Online Pharmacies: Over-the-counter medicine that can be purchased without a medical prescription through online sales channels. The market comprises analgesics, cold and cough medication, digestives and intestinal remedies, skin treatment products, and vitamins and minerals.

Digital Therapeutics (DTx): Software-based therapeutic interventions that deliver evidence-based therapeutic content to patients to prevent, manage, or treat a medical condition. DTx can be used to treat a wide range of conditions, including chronic diseases, mental health disorders, and substance use disorders.

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.

Market

Region

Region comparison

Currency

Analyst Opinion

The Digital Treatment & Care market in Angola is experiencing significant growth and development, driven by various factors influencing consumer behavior and healthcare trends in the country.

Customer preferences: Angolan consumers are increasingly turning to digital solutions for their treatment and care needs, seeking convenience, accessibility, and affordability. With the rising adoption of smartphones and internet connectivity in the country, there is a growing demand for digital healthcare services such as contraception/fertility apps, medication checker apps, online pharmacies, and smart health devices. Consumers are looking for ways to manage their health more effectively and conveniently, leading to a shift towards digital solutions in the healthcare sector.

Trends in the market: In Angola, there is a noticeable trend towards the use of online pharmacies and medication checker apps, as consumers seek reliable information on medications and convenient ways to purchase them. The use of smart health devices such as thermometers, blood glucose meters, and blood pressure monitors is also on the rise, enabling individuals to monitor their health conditions more closely. Additionally, the adoption of social alarms for emergency situations is gaining traction among the elderly population and their caregivers, enhancing safety and peace of mind.

Local special circumstances: Angola's healthcare system faces challenges such as limited access to quality healthcare services, especially in remote areas, and a shortage of healthcare professionals. As a result, digital treatment and care solutions are filling the gap by providing remote consultations, medication management tools, and health monitoring devices that empower individuals to take control of their health. The increasing focus on preventive healthcare and early intervention is driving the demand for digital therapeutics and smart health technologies in Angola.

Underlying macroeconomic factors: The growing middle class in Angola, coupled with increasing disposable income levels, is contributing to the expansion of the Digital Treatment & Care market in the country. As consumers become more health-conscious and tech-savvy, they are willing to invest in digital healthcare solutions that offer convenience and personalized care. Moreover, government initiatives to improve healthcare infrastructure and promote digital innovation are creating a conducive environment for the growth of the market. Overall, the combination of changing consumer preferences, technological advancements, and supportive policies is driving the evolution of the Digital Treatment & Care market in Angola.

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.