Digital Health - Qatar

Qatar

The Digital Health market in Qatar is projected to reach a revenue of US$61.96m in 2024.
With an expected annual growth rate (CAGR 2024-2028) of 7.55%, the market volume is anticipated to reach US$82.91m by 2028.
The average revenue per user (ARPU) is expected to be US$32.22.
In comparison to other countries, in China is projected to generate the highest revenue in the Digital Health market, amounting to US$53,070.00m in 2024.
Among the various market segments, Digital Fitness & Well-Being is expected to be the largest, with a total revenue value of US$32.23m in 2024.
Qatar's digital health market is experiencing a surge in telehealth adoption, enabling convenient access to healthcare services for its tech-savvy population.

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

Market

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Currency

Analyst Opinion

The Digital Health market in Qatar is experiencing a rapid growth driven by various factors such as increasing awareness about health and fitness, technological advancements, and the convenience offered by digital solutions.

Customer preferences: In Qatar, customers are increasingly leaning towards digital health solutions due to their convenience and accessibility. The younger population, in particular, is more tech-savvy and prefers digital platforms for fitness tracking, online doctor consultations, and digital treatment options. The trend towards preventive healthcare is also driving the demand for digital fitness and well-being solutions among health-conscious individuals in Qatar.

Trends in the market: One of the prominent trends in the Digital Health market in Qatar is the rising popularity of digital fitness and well-being apps. These apps offer personalized workout plans, diet tracking, and virtual coaching, catering to the growing demand for convenient ways to stay fit and healthy. Additionally, online doctor consultation services are gaining traction in Qatar, especially in light of the COVID-19 pandemic, which has accelerated the adoption of telemedicine solutions. Patients are increasingly turning to digital platforms to consult with healthcare providers from the comfort of their homes. Moreover, digital treatment and care solutions, such as remote monitoring devices and telehealth services, are also witnessing increased acceptance in Qatar as they offer efficient ways to manage chronic conditions and access specialized care.

Local special circumstances: In Qatar, the government's focus on advancing healthcare services and promoting digital innovation is creating a conducive environment for the growth of the Digital Health market. Initiatives like the National Health Strategy 2018-2022 and the Digital Health Strategy are driving the adoption of digital health solutions across the country. Moreover, the high smartphone penetration rate in Qatar and the presence of advanced healthcare infrastructure are further propelling the uptake of digital health technologies among the population.

Underlying macroeconomic factors: The robust economic growth and high per capita income in Qatar are supporting the expansion of the Digital Health market in the country. As disposable incomes rise, individuals are increasingly investing in their health and well-being, leading to a greater demand for digital health solutions. Furthermore, the government's investments in healthcare infrastructure and digital initiatives are creating opportunities for digital health companies to innovate and grow in the market.

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.