Market Insights Digital Digital Health Digital Treatment & Care

Connected Biosensors - Africa

Africa

The market segment Connected Biosensors in Africa is anticipated to achieve a revenue of US$1,256.00m in 2024.
It is projected to experience a steady annual growth rate (CAGR 2024-2028) of 8.65%, resulting in a market volume of US$1,750.00m by 2028.
The user penetration is expected to be 0.90% in 2024 and is predicted to increase to 0.96% by 2028.
The average revenue per user (ARPU) is estimated to be US$108.70.
When compared globally, in China is expected to generate the highest revenue, reaching US$4,493.00m in 2024.
In Africa, the adoption of connected biometric sensors in the digital health market is rapidly increasing, revolutionizing healthcare delivery and improving patient outcomes.

Key regions: Italy, Germany, France, United Kingdom, India

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Analyst Opinion

The Connected Biosensors market in Africa is witnessing significant growth and development, driven by various factors shaping consumer preferences and market trends in the region.

Customer preferences: Consumers in Africa are increasingly gravitating towards health and wellness products, leading to a growing demand for Connected Biosensors such as smart thermometers, smart blood glucose meters, smart blood pressure meters, and social alarms. These devices offer convenience, real-time monitoring, and the ability to track health metrics accurately, aligning with the rising health consciousness among the population.

Trends in the market: In Africa, there is a notable trend towards the adoption of smart health devices, including Connected Biosensors, to manage chronic conditions such as diabetes, hypertension, and other health issues. The market is witnessing a shift towards more advanced and connected solutions that provide users with actionable insights and seamless integration with other healthcare services.

Local special circumstances: One of the key factors influencing the Connected Biosensors market in Africa is the increasing penetration of smartphones and internet connectivity across the region. This widespread access to technology is driving the adoption of connected health devices, allowing users to monitor their health status remotely and share data with healthcare providers for better management of chronic conditions.

Underlying macroeconomic factors: The economic landscape in Africa, characterized by a growing middle class and rising disposable incomes, is also contributing to the expansion of the Connected Biosensors market. As more consumers prioritize health and wellness, there is a willingness to invest in digital health solutions that offer convenience and personalized care. Additionally, government initiatives and partnerships with technology companies are further driving the adoption of Connected Biosensors to improve healthcare access and outcomes 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 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.