South Africa Digital Therapeutics Market Size & Outlook
South Africa digital therapeutics market, 2018-2030 (US$M)
Related Markets
South Africa digital therapeutics market highlights
- The South Africa digital therapeutics market generated a revenue of USD 40.2 million in 2023 and is expected to reach USD 213.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 27% from 2024 to 2030.
- In terms of segment, diabetes was the largest revenue generating application in 2023.
- Diabetes is the most lucrative application segment registering the fastest growth during the forecast period.
Digital therapeutics market data book summary
| Market revenue in 2023 | USD 40.2 million |
| Market revenue in 2030 | USD 213.8 million |
| Growth rate | 27% (CAGR from 2023 to 2030) |
| Largest segment | Diabetes |
| Fastest growing segment | Diabetes |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diabetes, Obesity, CVD, Respiratory Diseases, Smoking Cessation, CNS Diseases |
| Key market players worldwide | Omega Healthcare Investors Inc, Teladoc Health Inc, ResMed Inc, Fitbit, Mango Health, Akili Inc Ordinary Shares, Hygeia Healthcare Holdings Co Ltd Ordinary Shares, DarioHealth Corp, BioGaia AB Class B |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global digital therapeutics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa digital therapeutics market is projected to lead the regional market in terms of revenue in 2030.
- Israel is the fastest growing regional market in Middle East & Africa and is projected to reach USD 24.2 million by 2030.
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Digital Therapeutics Market Scope
Digital Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa digital therapeutics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital therapeutics market will help companies and investors design strategic landscapes.
Diabetes was the largest segment with a revenue share of 30.6% in 2023. Horizon Databook has segmented the South Africa digital therapeutics market based on diabetes, obesity, cvd, respiratory diseases, smoking cessation, cns diseases covering the revenue growth of each sub-segment from 2018 to 2030.
Favorable measures are being undertaken to develop healthcare IT in the nation, which is expected to fuel the market. For instance, The National Digital Health Strategy for South Africa, 2019 - 2024 will fortify digital health governance structures, form robust integrated platforms for development of information systems, and create the requisite infrastructure in conjunction with other government departments.
The business has established a digital ecosystem comprising hardware and software to capture medical information from patients. This allows providers to make diagnoses remotely in real-time, thus, supporting overall market growth.
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Target buyers of South Africa digital therapeutics market databook
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Our clientele includes a mix of digital therapeutics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa digital therapeutics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa digital therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa digital therapeutics market size, by application, 2018-2030 (US$M)
South Africa Digital Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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