Digital Care Management - Sweden

Sweden

Highlights

The projected revenue in the Digital Care Management market in Sweden is expected to reach US$173.20m in 2024.
This is based on the estimated annual growth rate (CAGR 2024-2029) of 11.44%.
By 2029, the market volume is projected to reach US$297.80m.
In terms of user penetration, it is expected to be 30.17% in 2024 and is projected to increase to 36.00% by 2029.
The average revenue per user (ARPU) is estimated to be US$53.79.
In comparison to other countries, United States is forecasted to generate the highest revenue in the Digital Care Management market, amounting to US$24.69bn in 2024.
Sweden's advanced digital infrastructure and strong healthcare system make it a prime market for the growth of Digital Care Management in the Digital Health industry.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Digital Care Management market in Sweden is experiencing significant growth and development across various sub-markets such as online pharmacy, medication checker apps, and contraception and fertility apps.

Customer preferences: Consumers in Sweden are increasingly turning to digital solutions for their healthcare needs due to the convenience and accessibility they offer. With busy lifestyles and a high level of digital literacy among the population, there is a growing preference for online pharmacy services that allow for easy ordering and delivery of medications. Medication checker apps are also gaining popularity among tech-savvy individuals who seek quick and reliable information about their prescriptions. Additionally, the use of contraception and fertility apps is on the rise as people look for personalized and non-invasive ways to manage their reproductive health.

Trends in the market: In the online pharmacy sector, there is a trend towards partnerships between traditional brick-and-mortar pharmacies and online platforms to offer a seamless omnichannel experience to customers. This allows pharmacies to reach a wider audience and provide added convenience through home delivery services. Medication checker apps are continuously evolving to provide more comprehensive drug information, including potential interactions and side effects, to ensure user safety. As for contraception and fertility apps, there is a shift towards integrating advanced tracking features and AI algorithms to enhance accuracy in predicting fertility windows and monitoring reproductive health.

Local special circumstances: Sweden has a well-established healthcare system with a strong emphasis on digital innovation and eHealth solutions. The government actively supports initiatives that promote digital care management to improve healthcare access and outcomes for the population. This favorable regulatory environment and high level of trust in digital technologies have created a conducive market landscape for companies operating in the digital care management sector. Additionally, Swedish consumers place a premium on data privacy and security, which has led to the development of robust encryption measures and strict data protection policies in digital healthcare services.

Underlying macroeconomic factors: The growing demand for digital care management solutions in Sweden is also influenced by macroeconomic factors such as increasing healthcare expenditure, an aging population, and changing consumer behavior. As healthcare costs continue to rise, there is a greater focus on preventative care and self-management, driving the adoption of digital tools that empower individuals to take control of their health. Furthermore, the shift towards value-based healthcare models and patient-centric care is driving investments in innovative technologies that can improve health outcomes and reduce overall healthcare spending in the long run.

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.