Digital Health - Hungary

Hungary

The Digital Health market in Hungary is expected to achieve a revenue of €209.30m in 2024.
This projection indicates a steady annual growth rate (CAGR 2024-2029) of 8.16%, resulting in a market volume of €309.80m by 2029.
The average revenue per user (ARPU) is estimated to reach €52.14.
In comparison to the global market, United States is anticipated to generate the highest revenue, reaching €43,240.00m in 2024.
However, with Hungary, the Digital Treatment & Care market is expected to be the largest market, with a total revenue value of €100.20m in 2024.
Hungary is experiencing a surge in telemedicine adoption, with more healthcare providers offering virtual consultations to improve access and efficiency in the digital health market.

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

Hungary has seen a significant rise in the Digital Health market in recent years, with a growing interest in digital fitness and well-being, online doctor consultation, and digital treatment and care services.

Customer preferences: Hungarian consumers are increasingly turning to digital solutions for their health and wellness needs, seeking convenience, accessibility, and personalized experiences. The demand for online doctor consultations has surged as people look for quick and efficient ways to access healthcare services. Moreover, the popularity of digital fitness and well-being apps has increased as individuals prioritize their health and seek ways to stay active and monitor their progress conveniently.

Trends in the market: In Hungary, there is a noticeable trend towards integrating digital health solutions into everyday life. The adoption of wearable devices for tracking fitness goals and monitoring health indicators is on the rise. Additionally, the availability of online platforms that connect patients with healthcare providers for virtual consultations is reshaping the healthcare landscape in the country. The digital treatment and care segment is also evolving, with more healthcare facilities implementing telemedicine solutions to offer remote monitoring and support to patients.

Local special circumstances: One of the key drivers of the Digital Health market in Hungary is the government's push towards digitalization in healthcare. Initiatives to improve access to healthcare services and enhance efficiency through digital solutions have created a conducive environment for the growth of the market. Additionally, the increasing awareness among the population about the benefits of digital health tools and services has contributed to the market's expansion.

Underlying macroeconomic factors: The growing penetration of smartphones and the internet in Hungary has played a significant role in driving the adoption of digital health solutions. As more people have access to connected devices, the opportunities for engaging with digital fitness, online consultations, and remote healthcare services have expanded. Moreover, the changing demographics and lifestyle preferences in the country have led to a greater emphasis on preventive healthcare and proactive wellness management, further fueling the demand for digital health offerings.

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.