Digital Treatment & Care - Seychelles

Seychelles

The Digital Treatment & Care market in Seychelles is projected to reach a revenue of €474.80k in 2024.
It is expected to experience an annual growth rate (CAGR 2024-2029) of 11.35%, resulting in a projected market volume of €812.90k by 2029.
The user penetration rate is estimated to be 11.28% in 2024 and is expected to increase to 13.94% by 2029.
The average revenue per user (ARPU) is projected to be €38.87.
In comparison to other countries, United States is expected to generate the highest revenue, amounting to €27,450.00m in 2024.
Seychelles is experiencing a surge in the adoption of digital treatment and care, with healthcare providers leveraging technology to improve access and quality of healthcare services.

Key regions: Japan, India, United States, Canada, Italy

Definition:

The Digital Treatment & Care market includes devices and apps that help users monitor and analyze lifestyle-related aspects and improve their overall health. It includes user and revenue trends for four categories: digital care management, connected Biosensors, and online pharmacies.

Structure:

The Digital Treatment & Care market is divided into four markets:

Connected Biosensors: Biosensors that collect information on a variety of health parameters and vital signs of an individual (blood pressure, temperature, blood glucose, weight) by reading or measuring this data and transmitting it via electrical signals.

Digital Care Management: Various apps that help users monitor/detect/analyze physical health conditions. Contraception and fertility apps provide users with guidelines on self-care, family planning, and birth control, raise their awareness, and offer monitoring functions. Medication checker apps provide users with useful dosage intake guidelines, drug interaction information, and personal medication records.

Online Pharmacies: Over-the-counter medicine that can be purchased without a medical prescription through online sales channels. The market comprises analgesics, cold and cough medication, digestives and intestinal remedies, skin treatment products, and vitamins and minerals.

Digital Therapeutics (DTx): Software-based therapeutic interventions that deliver evidence-based therapeutic content to patients to prevent, manage, or treat a medical condition. DTx can be used to treat a wide range of conditions, including chronic diseases, mental health disorders, and substance use disorders.

Additional Information:

The digital care management user base includes paying and non-paying customers. The revenue figures only include revenues generated from paid apps offering premium options and from in-app purchases; revenues from app downloads and advertising are not included. The data only reflects B2C revenues; B2B and C2C revenues are not covered.

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Digital Treatment & Care market in Seychelles is witnessing significant growth and development, driven by various factors shaping the healthcare landscape in the country.

Customer preferences: Customers in Seychelles are increasingly turning to digital solutions in the healthcare sector due to the convenience and accessibility they offer. The younger population, in particular, is more inclined towards using digital treatment and care options for managing their health and well-being.

Trends in the market: In Seychelles, there is a growing demand for contraception/fertility apps as individuals seek more control over their reproductive health. Medication checker apps are also gaining popularity among the elderly population to ensure safe medication practices. Online pharmacies are becoming increasingly popular due to the ease of ordering medication from the comfort of one's home. Additionally, smart devices such as thermometers, blood glucose meters, and blood pressure monitors are being embraced for remote health monitoring. Social alarms are also seeing increased adoption, especially among the elderly or individuals with specific health conditions, for immediate assistance during emergencies.

Local special circumstances: Seychelles, being an archipelago with dispersed population centers, faces challenges in providing healthcare services to remote areas. The digital treatment and care market presents an opportunity to bridge this gap by offering telemedicine services and remote monitoring solutions. The government's focus on improving healthcare infrastructure and services further supports the growth of digital health solutions in the country.

Underlying macroeconomic factors: The increasing internet penetration and smartphone usage in Seychelles are key drivers of the digital treatment and care market. As more people gain access to the internet, the adoption of digital health solutions is expected to rise. Moreover, the government's initiatives to promote digital healthcare and invest in technology infrastructure are creating a conducive environment for the growth of the market. Economic stability and rising disposable incomes also play a role in driving the demand for digital treatment and care services in Seychelles.

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.