Digital Fitness & Well-Being - Switzerland

Switzerland

The Digital Fitness & Well-Being market in Switzerland is projected to reach a revenue of €413.30m Swiss Francs in 2024.
This market is expected to experience an annual growth rate (CAGR 2024-2029) of 8.04%, resulting in a projected market volume of €608.30m Swiss Francs by 2029.
The user penetration rate is estimated to be 58.76% in 2024 and is expected to increase to 72.55% by 2029.
The average revenue per user (ARPU) is projected to be €79.46 Swiss Francs.
In a global comparison, United States is anticipated to generate the highest revenue in this market, with €13,740.00m Swiss Francs in 2024.
Switzerland is leading the way in the digital fitness and well-being market with its innovative wearable technologies and health tracking apps.

Key regions: France, Asia, Japan, Germany, Italy

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Analyst Opinion

The Digital Fitness & Well-Being market in Switzerland is experiencing significant growth and evolution, driven by various factors influencing consumer behavior and market dynamics.

Customer preferences: Consumers in Switzerland are increasingly prioritizing convenience and accessibility when it comes to maintaining their fitness and well-being. The demand for digital fitness and well-being solutions has surged as individuals seek flexible options that fit into their busy lifestyles. Online doctor consultations have also gained popularity among Swiss consumers who value the ability to access healthcare services remotely. Moreover, the digital treatment and care segment is witnessing growth as patients look for personalized and efficient healthcare solutions.

Trends in the market: One prominent trend in the Swiss market is the integration of technology into traditional fitness and healthcare services. This includes the adoption of wearable devices, health tracking apps, and virtual fitness classes to enhance the overall consumer experience. The increasing focus on preventive healthcare and holistic well-being is driving the demand for digital solutions that offer personalized insights and guidance. Additionally, the rise of telemedicine platforms and digital therapeutics is reshaping the healthcare landscape in Switzerland, making it easier for individuals to receive medical advice and treatment remotely.

Local special circumstances: Switzerland's strong healthcare infrastructure and high digital literacy rate play a crucial role in shaping the digital fitness and well-being market in the country. The Swiss population's emphasis on quality healthcare services and wellness contributes to the growing acceptance of digital solutions in the market. Moreover, the presence of leading technology companies and innovative startups in Switzerland fosters a culture of innovation and entrepreneurship, driving the development of cutting-edge digital fitness and healthcare technologies.

Underlying macroeconomic factors: The affluent population in Switzerland, coupled with a high standard of living, enables consumers to invest in premium digital fitness and well-being solutions. The country's stable economy and favorable regulatory environment also support the growth of the digital health market. Additionally, the increasing healthcare costs and the aging population in Switzerland are prompting individuals to seek cost-effective and efficient digital healthcare services, further fueling the expansion of 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.