Digital Health - Czechia

Czechia

The Digital Health market in Czechia is expected to experience significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach €531.10m by 2024.
Furthermore, it is anticipated that the market will continue to expand at an annual growth rate of 8.85% (CAGR 2024-2029), resulting in a projected market volume of €811.70m by 2029.
The average revenue per user (ARPU) is also expected to increase, reaching €147.50.
In comparison to other countries, United States is anticipated to generate the highest revenue in the Digital Health market, with an estimated amount of €43,240.00m in 2024.
This demonstrates the significant presence of the market United States.
Among the various markets within the Digital Health market, the Digital Treatment & Care sector is expected to hold the largest market share.
In 2024, it is projected to generate a total revenue of €372.20m.
This highlights the importance of fitness and well-being applications and services within the industry.
Czechia is experiencing a surge in telemedicine adoption, with digital health platforms providing convenient and accessible healthcare services to the population.

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Digital Health market in Czechia is experiencing significant growth and development, driven by various factors shaping the healthcare industry in the country.

Customer preferences: Customers in Czechia are increasingly turning to digital health solutions for convenience, accessibility, and cost-effectiveness. The demand for online doctor consultations and digital treatment options is rising as people seek more efficient ways to manage their health. Additionally, the focus on fitness and well-being has led to a surge in the adoption of digital fitness tools and platforms among tech-savvy Czech consumers.

Trends in the market: In Czechia, the Digital Health market is witnessing a notable trend towards personalized and preventive healthcare solutions. Digital fitness and well-being apps are gaining popularity as they offer personalized workout plans, diet tracking, and virtual coaching. Moreover, online doctor consultation services are becoming more sophisticated, providing remote access to healthcare professionals and medical advice. The digital treatment and care segment is also evolving with the introduction of telemedicine and remote monitoring solutions.

Local special circumstances: One of the key factors influencing the Digital Health market in Czechia is the country's robust healthcare system and infrastructure. The presence of modern healthcare facilities and a high level of digital literacy among the population has created a conducive environment for the adoption of digital health technologies. Additionally, the government's initiatives to promote e-health solutions and telemedicine services have further accelerated the growth of the Digital Health market in the country.

Underlying macroeconomic factors: The growing awareness about the importance of health and wellness, coupled with increasing disposable incomes, has fueled the demand for digital health solutions in Czechia. The rising healthcare costs and long waiting times for in-person consultations have also contributed to the popularity of online healthcare services. Furthermore, the COVID-19 pandemic has acted as a catalyst for the digital transformation of the healthcare sector, pushing both providers and consumers towards innovative digital health solutions.

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.