Market Insights Digital Digital Health Digital Treatment & Care

Digital Care Management - Israel

Israel

The Digital Care Management market in Israel is expected to experience significant growth.
According to projections, the market revenue is set to reach US$184.50m by 2024.
This growth is anticipated to continue with an annual growth rate (CAGR 2024-2028) of 1.20%, resulting in a projected market volume of US$193.50m by 2028.
In terms of user penetration, it is estimated that 39.03% of the population will be utilizing digital care management services in 2024.
This figure is expected to rise to 46.51% by 2028, indicating a growing adoption of these services among the Israeli population.
The average revenue per user (ARPU) is projected to amount to US$51.44.
This metric provides insight into the financial performance of the market, indicating the average amount of revenue generated per user.
When comparing the global market, it is worth noting that in the United States is anticipated to generate the highest revenue in the Digital Care Management market.
In 2024 alone, in the United States is projected to generate US$19,020.00m in revenue, highlighting its dominant position in the industry.
Overall, the Digital Care Management market in Israel is poised for growth, with increasing revenue, user penetration, and average revenue per user.
Israel is a leading player in the digital care management market, leveraging its strong technological prowess and innovative healthcare ecosystem.

Key regions: Italy, Japan, United Kingdom, France, Asia

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Analyst Opinion

The Digital Care Management market in Israel is experiencing significant growth and development, driven by various factors shaping the healthcare landscape in the country.

Customer preferences: In Israel, customers are increasingly turning to digital solutions for managing their healthcare needs. The convenience and accessibility offered by online pharmacy services, medication checker apps, and contraception and fertility apps are appealing to tech-savvy consumers who value efficiency and ease of access to healthcare resources.

Trends in the market: One notable trend in the Israeli Digital Care Management market is the growing adoption of online pharmacy services. With the rise of e-commerce and the preference for contactless transactions, more consumers are opting to purchase their medications online, leading to the expansion of online pharmacy platforms in the country. Additionally, medication checker apps are gaining popularity among Israelis who are becoming more proactive about their health and seek reliable information about their medications. Moreover, contraception and fertility apps are seeing increased usage as individuals look for convenient ways to track their reproductive health and plan for parenthood.

Local special circumstances: Israel's strong focus on innovation and technology in the healthcare sector is a key driver of the growth in the Digital Care Management market. The country is known for its thriving startup ecosystem and investment in healthcare innovation, creating a conducive environment for the development and adoption of digital health solutions. Additionally, Israel's relatively small geographic size and high population density make digital healthcare services particularly attractive, as they can help overcome logistical challenges and improve access to care for residents across the country.

Underlying macroeconomic factors: The Digital Care Management market in Israel is also influenced by macroeconomic factors such as the increasing healthcare expenditure in the country. As healthcare costs rise, consumers are seeking cost-effective ways to manage their health, leading to a greater demand for digital solutions that offer convenience and affordability. Furthermore, government initiatives to promote digital health technologies and improve healthcare access are driving the growth of the market, creating opportunities for companies operating in the Digital Care Management space to expand their offerings and reach a wider customer base.

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.