Digital Health - Russia

Russia

The Digital Health market in Russia is expected to see significant growth in the coming years.
According to projections, the revenue is projected to reach €2.82bn in 2024.
This growth is expected to continue with an annual growth rate of 8.93% from 2024 to 2028.
By 2028, the market volume is projected to reach €3.97bn.
When it comes to average revenue per user (ARPU), it is expected to amount to €42.82.
This indicates the potential for strong financial performance within the Digital Health market in Russia.
In terms of global comparison, it is worth noting that in China is the leading revenue generator in the Digital Health market.
In 2024, in China is projected to generate a revenue of €49,220.00m.
This highlights the significant market size and potential in China.
With Russia, the largest market segment in the Digital Health market industry is Digital Treatment & Care.
In 2024, this segment is expected to have a total revenue value of €1.68bn.
This indicates the importance of fitness and well-being services within the Russian Digital Health market.
In Russia, the digital health market is rapidly expanding, with a strong focus on telemedicine and remote patient monitoring.

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Digital Health market in Russia has been experiencing significant growth and development in recent years.

Customer preferences: Russian consumers are increasingly turning to digital health solutions due to the convenience and accessibility they offer. With busy lifestyles and limited access to traditional healthcare services in certain regions, online doctor consultations and digital treatment options are becoming more popular among the population. Additionally, the focus on fitness and well-being has been growing, leading to a surge in demand for digital fitness tools and platforms.

Trends in the market: In Russia, there is a noticeable trend towards the adoption of telemedicine services, allowing patients to consult with healthcare professionals remotely. This trend is driven by the need for more efficient and cost-effective healthcare solutions, especially in rural areas where access to healthcare facilities may be limited. Moreover, the digital treatment and care segment is also expanding, with more Russians seeking out digital solutions for managing chronic conditions and accessing specialized medical care.

Local special circumstances: One of the key factors influencing the Digital Health market in Russia is the country's vast geographic size and varying levels of healthcare infrastructure across different regions. This has led to disparities in access to healthcare services, prompting the adoption of digital health technologies as a way to bridge the gap. Additionally, Russia's growing tech-savvy population and increasing internet penetration rates have created a favorable environment for the development of the digital health market.

Underlying macroeconomic factors: The Russian government has been actively promoting the use of digital health technologies as part of its healthcare reform efforts. Initiatives to digitize medical records, improve healthcare efficiency, and increase telemedicine services have been driving the growth of the Digital Health market in the country. Furthermore, the COVID-19 pandemic has accelerated the adoption of digital health solutions in Russia, as people seek safer alternatives to traditional healthcare settings.

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.