Digital Fitness & Well-Being - Angola

Angola

The Digital Fitness & Well-Being market in Angola is expected to reach a revenue of €72.89m in 2024.
This projection indicates a steady growth rate, with an annual growth rate (CAGR 2024-2028) of 14.30%.
By 2028, the market volume is projected to reach €124.40m.
In terms of user penetration, it is anticipated that 3.16% of the population will engage with digital fitness and well-being services in 2024.
This figure is expected to increase to 3.72% by 2028.
The average revenue per user (ARPU) is estimated to be €61.78.
When comparing global markets, it is noteworthy that in China is anticipated to generate the highest revenue in the Digital Fitness & Well-Being market in 2024, with a projected revenue of €25,920.00m.
Angola's digital fitness and well-being market is growing rapidly, driven by increasing smartphone penetration and a rising health-conscious middle class.

Key regions: France, Asia, Japan, Germany, Italy

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Digital Fitness & Well-Being market in Angola is experiencing significant growth and evolution, driven by various factors that cater to the changing consumer preferences and local special circumstances.

Customer preferences: Angolan consumers are increasingly turning to digital platforms for fitness and well-being solutions due to the convenience and accessibility they offer. The ability to access online doctor consultations and digital treatment and care services from the comfort of their homes is particularly appealing to individuals with busy schedules or limited access to traditional healthcare facilities.

Trends in the market: One of the key trends in the Digital Fitness & Well-Being market in Angola is the rising popularity of fitness apps and online workout programs. With the growing awareness of the importance of health and wellness, more people are incorporating digital tools into their daily routines to stay active and monitor their well-being. Additionally, the demand for online doctor consultations is on the rise as consumers seek quick and efficient healthcare services without the need for in-person visits.

Local special circumstances: In Angola, where access to quality healthcare services can be limited in certain areas, digital fitness and well-being solutions play a crucial role in bridging the gap and ensuring that individuals have access to essential healthcare resources. The convenience of telemedicine and digital treatment options is particularly beneficial for those living in remote regions or facing mobility challenges.

Underlying macroeconomic factors: The growth of the Digital Fitness & Well-Being market in Angola is also influenced by macroeconomic factors such as increasing internet penetration and smartphone adoption rates. As more Angolans gain access to mobile devices and reliable internet connections, the market for digital health solutions expands, creating opportunities for providers to reach a wider audience and deliver their services more effectively. Additionally, the government's focus on improving healthcare infrastructure and promoting technological innovation further supports the development of the digital health sector in 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.