Digital Health - Angola

Angola

The Digital Health market in Angola is projected to reach a revenue of €108.10m in 2024.
It is expected to show a compound annual growth rate (CAGR 2024-2028) of 14.33%, resulting in a projected market volume of €184.70m by 2028.
The average revenue per user (ARPU) in Angola is expected to amount to €18.27.
In global comparison, in China is expected to generate the most revenue in the Digital Health market, with €48,520.00m in 2024.
However, in Angola, the largest market segment will be Digital Fitness & Well-Being, with a total revenue value of €72.89m in 2024.
Angola is experiencing a rapid growth in the adoption of telemedicine, making healthcare more accessible in remote areas.

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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Digital Health market in Angola is experiencing significant growth and development, driven by various factors shaping the healthcare landscape in the country.

Customer preferences: Angolan consumers are increasingly seeking convenient and accessible healthcare solutions, leading to a growing demand for digital health services. The convenience of accessing fitness and well-being resources, online doctor consultations, and digital treatment options from the comfort of their homes is appealing to tech-savvy individuals in Angola.

Trends in the market: In Angola, the digital fitness and well-being segment is witnessing a surge in popularity as more people prioritize their health and wellness. Online platforms offering fitness classes, nutrition guidance, and mental health support are gaining traction among the population. Additionally, the online doctor consultation sector is growing as patients seek quick medical advice and prescriptions without visiting a physical clinic. Moreover, the digital treatment and care market is evolving with the introduction of virtual therapy sessions and remote monitoring services.

Local special circumstances: Angola's healthcare system faces challenges such as limited access to quality healthcare facilities, especially in remote areas. The adoption of digital health solutions presents an opportunity to bridge this gap by providing healthcare services to underserved populations. Furthermore, the increasing penetration of smartphones and internet connectivity in Angola is facilitating the uptake of digital health platforms among the tech-aware population.

Underlying macroeconomic factors: The growing middle class in Angola, coupled with rising disposable incomes, is driving the demand for better healthcare services. As the government focuses on improving healthcare infrastructure and services, digital health technologies offer a cost-effective and scalable solution to enhance the overall healthcare experience for Angolan citizens. Additionally, partnerships between digital health companies and local healthcare providers are helping to expand the reach of these services across the country.

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.