About Online Doctor Consultation
The methods of delivering medical treatments are changing with the proliferation of smart devices and internet connectivity. These modernization efforts are reducing the geographic and economic gap between patients and doctors and are therefore becoming increasingly popular. Communication plays an important role between health professionals and patients. This is now easily possible with the help of online tools. With the introduction of an online consultation medium, more personalized health care, increased collaboration and better health education are now being achieved. In addition, online counseling helps to increase overall efficiency and reduce healthcare spending, thereby driving market demand. Online doctor consultations are becoming increasingly popular as they reduce costs and save time and effort. Additionally, consulting a doctor online can be effectively used to treat more common problems such as acne, flu, sinuses, deer tick bites, and urinary tract infections. According to the World Health Organization, the world's geriatric population was around 524 million in 2010 and is expected to reach 1.5 billion by 2050.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Online Doctor Consultation 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.
Babylon Health (United Kingdom), DocsApp (India), Teladoc Health (United States), LiveHealth Online (United States), JustDoc (India), Practo (India), Health HQ (United States), CallHealth (India), Sanitas (Spain), VSee (United States) and eVaidya Pvt. Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Lybrate (India), WeDoctor (China) and iCliniq (India).
Segmentation Overview
AMA Research has segmented the market of Global Online Doctor Consultation market by Type (Video Chat and Audio Chat), Application (Health Education, Medical Information Inquiries, Online Disease Counseling, Teleconsultation, Teletherapy and Rehabilitation and Others) and Region.
On the basis of geography, the market of Online Doctor Consultation 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 Demographic, the sub-segment i.e. Children & Adolescents (Under 15 Years) will boost the Online Doctor Consultation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Specialization, the sub-segment i.e. Cardiology will boost the Online Doctor Consultation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. App-Based will boost the Online Doctor Consultation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Penetration of Smartphones, Increase in Preference for Home Health Care Services and Increase in Demand for Virtual Consultancy for Dermatology
Market Growth Drivers:
A Rise in Prevalence of Various Diseases, The Recent Outbreak of Covid-19 and Increase in the Geriatric Population
Challenges:
Lack of Viability of Some Treatments over Digital Channel
Restraints:
Regulations Regarding the Quality of Medical Care Provided
Opportunities:
Rise In Popularity of Online Doctor Consultation Due to Advantages Such No Need to Travel, Save Money, Privacy, and Security, Rising Initiatives by the Government in Promoting the Online Consulting Services and the Convenience of the Patients and Rapid Technological Advancements
Market Leaders and their expansionary development strategies
In August 2020, Teladoc Health (US) and Livongo (US) teamed up to improve online consultations by giving Teladoc's clients throughout the world access to AI technology for speedy diagnosis and consultation.
In March 2020, Practo, India’s leading digital healthcare platform, has launched of a new monthly healthcare plan under the umbrella of Practo Plus. Priced at INR 399, it is a subscription-based healthcare plan that provides unlimited online consultations with doctors from over 20 specialities.
The Indian Ministry of Health and Family Welfare had introduced telemedicine practice guidelines during March 2020 in partnership with the National Institution for Transforming India (NITI Ayog). These guidelines mandated all the registered medical practitioners who were intending to provide online consultation to complete an online course. On similar lines, the Singaporean Ministry of Health had also launched a Licensing Experimentation and Adaption Programme (LEAP) in 2018 under which the government had hereby regulated the doctor-led teleconsultations as well as mobile medicine services.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, and Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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.