About Medical Consultation Service
Medical consultation service allows patients to connect with doctors directly via video consultation from the comfort of their homes. This service enables healthcare providers and patients to overcome geographical barriers by connecting users who are not in the same physical location, which results in improving patient health outcomes. The factors such as Increased Cases of COVID-19 Infection Around the Globe, Rise in the Number of Smartphone Users and Technological Advancements in Medical Science are driving the global medical consultation service market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Consultation Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Oshkosh Corporation (United States), Accenture plc (Ireland), Cognizant (United States), McKinsey and Company (United States), Ernst & Young Global Limited (United Kingdom), Bain and Company (United States), Deloitte Touche Tohmatsu Limited (United Kingdom), Huron Consulting Group (United States), KPMG International Limited (Netherlands) and PricewaterhouseCoopers (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are The Boston Consulting Group (United States) and Elbit Systems Ltd. (Israel).
Segmentation Overview
AMA Research has segmented the market of Global Medical Consultation Service market by and Region.
On the basis of geography, the market of Medical Consultation Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Indication, the sub-segment i.e. Cardiology will boost the Medical Consultation Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode, the sub-segment i.e. Audio Chat will boost the Medical Consultation Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Prevalence of Chronic Diseases and Increased Penetration of the Internet
Market Growth Drivers:
Increased Cases of COVID-19 Infection Around the Globe, Rise in the Number of Smartphone Users and Technological Advancements in Medical Science
Challenges:
Privacy and Security Concerns related to Medical Consultation Service
Restraints:
Less Awareness in Developing Countries
Opportunities:
Growth in the Healthcare Industry Worldwide and Consolidation in the U.S. Healthcare Market
Market Leaders and their expansionary development strategies
In March 2024, Digital-first life sciences commercialisation company Indegene has announced its acquisition of medical writing consultancy Trilogy Writing & Consulting.The deal is aimed at increasing Indegene’s clinical and regulatory writing expertise for global market authorisation applications
In April 2020, Medlife, an e-Health platform, announced has partnered with NABL accredited labs to provide users with the option of testing for COVID-19, at home.
Key Target Audience
Medical Consultation Service Providers, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.