Digital Health - New Zealand

New Zealand

In 2024, the Digital Health market in New Zealand is projected to reach a revenue of €246.10m.
Looking ahead, the market is expected to grow at an annual growth rate of 5.82% (CAGR 2024-2029), resulting in a projected market volume of €326.60m by 2029.
The average revenue per user (ARPU) is expected to amount to €92.57.
When compared globally, United States is anticipated to generate the highest revenue in the Digital Health market, reaching €43,240.00m in 2024.
With New Zealand, the largest market will be Digital Fitness & Well-Being, with a total revenue value of €122.50m in 2024.
New Zealand's digital health market is booming with innovative telehealth solutions and a strong emphasis on patient-centered care.

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

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Analyst Opinion

The Digital Health market in New Zealand is experiencing significant growth and innovation across various segments.

Customer preferences: Customers in New Zealand are increasingly valuing convenience and accessibility when it comes to healthcare services. This has led to a growing demand for digital fitness and well-being solutions that offer flexibility in terms of workout schedules and personalized wellness plans. Additionally, the preference for online doctor consultations has been rising as it eliminates the need for in-person visits, especially in remote areas. The digital treatment and care segment is also gaining traction as patients seek more efficient ways to manage their health conditions from the comfort of their homes.

Trends in the market: One notable trend in the New Zealand Digital Health market is the integration of wearable technology and health apps to track fitness goals and monitor health metrics. This trend aligns with the global shift towards preventive healthcare and wellness management. Another trend is the increasing collaboration between traditional healthcare providers and digital health companies to offer comprehensive and holistic care to patients. Moreover, the adoption of telemedicine platforms for online doctor consultations is on the rise, driven by the need for convenient and timely healthcare services.

Local special circumstances: New Zealand's unique geographical landscape, with remote and rural areas, has contributed to the growing popularity of digital health solutions. The country's dispersed population makes traditional healthcare services less accessible to some residents, making digital health offerings a convenient alternative. Additionally, the government's focus on promoting innovation and technology in the healthcare sector has created a supportive environment for the growth of the Digital Health market in New Zealand.

Underlying macroeconomic factors: The increasing healthcare expenditure in New Zealand, coupled with the rising prevalence of chronic diseases, has created a favorable market environment for digital health solutions. The government's initiatives to improve healthcare access and affordability have also played a role in driving the adoption of digital health technologies. Furthermore, the changing consumer demographics and the growing tech-savvy population have contributed to the expansion of the Digital Health market in New Zealand.

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.