Digital Health - Singapore

  • Singapore
  • In 2024, the revenue in the Digital Health market in Singapore is projected to reach €732.70m.
  • This represents a significant growth opportunity for the country's digital health sector.
  • Looking ahead, it is expected that the market will continue to expand at an annual growth rate of 14.40% from 2024 to 2028, resulting in a projected market volume of €1,255.00m by 2028.
  • The average revenue per user (ARPU) in Singapore's digital health market is expected to amount to €132.00.
  • This metric serves as an indicator of the profitability and potential of the market.
  • In a global comparison, it is worth noting that in China is expected to generate the highest revenue in the digital health market, with an estimated value of €49,220.00m in 2024.
  • This demonstrates the strong presence and market dominance of in China in the digital health sector.
  • Within Singapore's digital health market, the largest segment in terms of revenue will be Digital Treatment & Care.
  • It is projected to have a total revenue value of €406.60m in 2024.
  • This indicates the growing importance and popularity of digital solutions for fitness and well-being in Singapore.
  • Singapore's robust healthcare infrastructure and government support have positioned it as a leading hub for digital health innovation and investment.

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

Comparaison de régions

Analyst Opinion

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

Customer preferences:
In Singapore, customers are increasingly seeking convenience and efficiency in accessing healthcare services, leading to a growing preference for digital health solutions. The tech-savvy population in the country values the ease of scheduling online doctor consultations, monitoring their fitness and well-being digitally, and receiving digital treatment and care.

Trends in the market:
One prominent trend in the Digital Health market in Singapore is the rise of digital fitness and well-being platforms. With an emphasis on preventive healthcare, Singaporeans are turning to digital solutions to track their fitness goals, receive personalized workout plans, and monitor their overall health metrics. This trend is fueled by the increasing awareness of the importance of leading a healthy lifestyle. Another key trend is the growing popularity of online doctor consultation services. Singaporeans are leveraging telemedicine platforms to consult with healthcare professionals remotely, saving time and avoiding the hassle of physical clinic visits. This trend is particularly relevant in Singapore, where the busy urban population values convenience and quick access to healthcare services. Moreover, the adoption of digital treatment and care solutions is on the rise in Singapore. Patients are benefiting from remote monitoring devices, digital therapeutics, and virtual care management programs. These digital innovations not only enhance the patient experience but also improve treatment outcomes and overall healthcare efficiency in the country.

Local special circumstances:
Singapore's well-established healthcare infrastructure and strong government support for digital initiatives are key special circumstances driving the growth of the Digital Health market in the country. With a focus on innovation and technology, Singapore is positioning itself as a hub for digital health solutions in the region, attracting investments and fostering a conducive environment for market development.

Underlying macroeconomic factors:
The affluent population in Singapore with high disposable income levels contributes to the increasing demand for premium digital health services. Additionally, the government's push towards digitalization in healthcare, coupled with favorable regulatory policies, creates a conducive environment for digital health companies to thrive in the country. The strategic geographic location of Singapore as a gateway to the Southeast Asian market further enhances its attractiveness for digital health investments and partnerships.


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.


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.

Vue d’ensemble

  • Revenue
  • Analyst Opinion
  • Users
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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