Digital Fitness & Well-Being - Portugal

Portugal

The Digital Fitness & Well-Being market in Portugal is expected to generate a revenue of €183.60m in 2024.
This projection indicates a steady growth trend, with an annual growth rate (CAGR 2024-2029) of 5.71%.
Consequently, the market is anticipated to reach a volume of €242.40m by 2029.
In terms of user penetration, it is estimated to be 47.38% in 2024 and is projected to increase to 60.27% by 2029.
This indicates a growing interest and adoption of digital fitness and well-being services among the population in Portugal.
Furthermore, the average revenue per user (ARPU) is expected to amount to €37.90.
This metric provides insights into the average spending per user on digital fitness and well-being services in Portugal.
When compared globally, it is noteworthy that United States is anticipated to generate the most revenue in the Digital Fitness & Well-Being market, with an estimated revenue of €13,600.00m in 2024.
This highlights the significant market potential and demand United States for digital fitness and well-being services.
Portugal's digital fitness and well-being market is seeing a surge in demand for virtual fitness classes and wellness apps.

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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Digital Fitness & Well-Being market in Portugal is experiencing significant growth and evolution, driven by various factors shaping the industry landscape in the country.

Customer preferences: Portuguese consumers are increasingly prioritizing their health and well-being, leading to a growing demand for digital fitness and wellness solutions. The convenience and accessibility offered by online platforms for doctor consultations and digital treatment options are becoming more appealing to individuals seeking personalized and efficient healthcare services.

Trends in the market: In Portugal, there is a noticeable trend towards the adoption of digital fitness apps and wearable devices to monitor health metrics and track fitness goals. The integration of virtual fitness classes and wellness programs into daily routines is gaining popularity among tech-savvy consumers looking for interactive and engaging ways to stay healthy. Moreover, the rise of online doctor consultations and telemedicine services is revolutionizing the healthcare sector by providing timely medical advice and treatment options to patients from the comfort of their homes.

Local special circumstances: Portugal's growing elderly population and increasing prevalence of chronic diseases are driving the demand for digital healthcare solutions that cater to specific medical needs and promote overall well-being. The government's initiatives to promote digital health technologies and improve healthcare accessibility across the country are creating a conducive environment for the expansion of the digital fitness and well-being market in Portugal.

Underlying macroeconomic factors: The digital fitness and well-being market in Portugal is also influenced by macroeconomic factors such as technological advancements, changing consumer behavior, and regulatory frameworks. The country's stable economic growth and rising disposable income levels are enabling more individuals to invest in their health and explore innovative digital solutions for fitness and wellness. Additionally, the competitive landscape among digital health service providers and the emphasis on data privacy and security are shaping the market dynamics in Portugal.

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.