Digital Treatment & Care - Czechia

Czechia

The Digital Treatment & Care market in Czechia is projected to reach a revenue of €372,200.00k in 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 9.76%, resulting in a projected market volume of €592,800.00k by 2029.
The user penetration is anticipated to be 23.42% in 2024 and is expected to increase to 28.77% by 2029.
The average revenue per user (ARPU) is predicted to be €151.30.
In comparison to other countries worldwide, United States is expected to generate the highest revenue, with an estimated amount of €27,450.00m in 2024.
Czechia is embracing digital treatment and care, with a growing number of healthcare providers adopting telemedicine and remote patient monitoring solutions.

Key regions: Japan, India, United States, Canada, Italy

Definition:

The Digital Treatment & Care market includes devices and apps that help users monitor and analyze lifestyle-related aspects and improve their overall health. It includes user and revenue trends for four categories: digital care management, connected Biosensors, and online pharmacies.

Structure:

The Digital Treatment & Care market is divided into four markets:

Connected Biosensors: Biosensors that collect information on a variety of health parameters and vital signs of an individual (blood pressure, temperature, blood glucose, weight) by reading or measuring this data and transmitting it via electrical signals.

Digital Care Management: Various apps that help users monitor/detect/analyze physical health conditions. Contraception and fertility apps provide users with guidelines on self-care, family planning, and birth control, raise their awareness, and offer monitoring functions. Medication checker apps provide users with useful dosage intake guidelines, drug interaction information, and personal medication records.

Online Pharmacies: Over-the-counter medicine that can be purchased without a medical prescription through online sales channels. The market comprises analgesics, cold and cough medication, digestives and intestinal remedies, skin treatment products, and vitamins and minerals.

Digital Therapeutics (DTx): Software-based therapeutic interventions that deliver evidence-based therapeutic content to patients to prevent, manage, or treat a medical condition. DTx can be used to treat a wide range of conditions, including chronic diseases, mental health disorders, and substance use disorders.

Additional Information:

The digital care management user base includes paying and non-paying customers. The revenue figures only include revenues generated from paid apps offering premium options and from in-app purchases; revenues from app downloads and advertising are not included. The data only reflects B2C revenues; B2B and C2C revenues are not covered.

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Digital Treatment & Care 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 solutions in the healthcare sector, seeking convenience, accessibility, and personalized treatment options. The demand for digital treatment and care services is rising as individuals prioritize self-care and proactive health management. The younger population, in particular, is more inclined towards using digital tools for monitoring health metrics and accessing medical assistance.

Trends in the market: In Czechia, there is a noticeable trend towards the adoption of digital therapeutics and smart healthcare devices. Contraception/fertility apps are gaining popularity among women looking for non-invasive family planning methods. Medication checker apps are being utilized by consumers to ensure the safety and accuracy of their prescribed medications. Online pharmacies are becoming increasingly popular due to their convenience and cost-effectiveness. Smart thermometers, blood glucose meters, and blood pressure meters are in high demand as individuals seek to monitor their health conditions proactively. Social alarms are also seeing increased adoption, especially among the elderly population and individuals with specific medical needs.

Local special circumstances: Czechia has a well-established healthcare system with a high level of digitization, which is conducive to the growth of the digital treatment and care market. The country's tech-savvy population and strong internet infrastructure further support the adoption of digital health solutions. Additionally, the government's initiatives to promote eHealth and telemedicine services are driving awareness and acceptance of digital treatment and care options among the Czech population.

Underlying macroeconomic factors: The growing healthcare expenditure, increasing prevalence of chronic diseases, and the focus on preventive healthcare are key macroeconomic factors driving the digital treatment and care market in Czechia. The rising healthcare costs and the need for efficient healthcare delivery systems are pushing both consumers and healthcare providers towards digital solutions that offer cost savings, improved outcomes, and enhanced patient experience. Moreover, the COVID-19 pandemic has accelerated the shift towards digital health technologies, making telehealth and remote monitoring essential components of the healthcare ecosystem in Czechia.

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.