Medical Crowdfunding Market, By Type of Crowdfunding, By Application, By Indication, By End User (Patients, Non-Profit Organizations, Healthcare Institutions, Research Institutions, and Others ), By Geography

Description

Global medical crowdfunding market is estimated to be valued at USD 6.10 Bn in 2024 and is expected to reach USD 14.51 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 13.2% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 6.10 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	13.20%	2031 Value Projection:	US$ 14.51 Bn

Figure. Medical Crowdfunding Market Share (%), By Region 2024

Medical crowdfunding refers to the practice of funding a medical treatment or procedure through an online platform which pools small individual amounts from a large number of contributors or supporters. It has emerged as an important avenue to secure funds for medical needs for a large section of the population who lack adequate health insurance coverage or have out-of-pocket medical costs. Crowdfunding campaigns are increasingly being used by patients to raise money for costly surgeries, chronic illnesses, cancer treatment, organ transplants and other medical procedures. The popularity of medical crowdfunding can be attributed to the rise of crowdfunding platforms which have simplified the process of fundraising while also allowing connections with a large number of potential donors through social networking sites. The ability to leverage technology for securing community support has revolutionized healthcare financing.

Market Dynamics

Global medical crowdfunding market growth is driven by rising healthcare costs worldwide, growing prevalence of chronic and life-threatening diseases, and increasing gaps in health insurance coverage. However, low success rates of campaigns and ethical concerns regarding selective funding can hamper the market growth. Significant opportunities lie in expanding platform features to improve funding rates, tapping into new potential donor segments, and integrating with medical billing/payment systems. Geographical expansion into developing markets also presents an opportunity. Platform collaboration with healthcare providers, social groups, and insurance providers can help address some of the challenges while fostering shared responsibility in community healthcare.

Key features of the study

This report provides in-depth analysis of the global medical crowdfunding market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global medical crowdfunding market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include GoFundMe, Impact Guru, Kickstarter, Indiegogo, Fundly, YouCaring, GiveForward, FundRazr, Ketto, Milaap, Classy, Crowdfunder, Crowdcube, MedGift, and Plumfund

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global medical crowdfunding market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical crowdfunding market

Market Segmentation

Type of Crowdfunding Insights (Revenue, USD Bn, 2019 - 2031)
- Donation-Based Crowdfunding
- Reward-Based Crowdfunding
- Equity-Based Crowdfunding
- Debt-Based Crowdfunding
Application Insights (Revenue, USD Bn, 2019 - 2031)
- Medical Expenses
- Research Funding
- Health Initiatives
- Medical Equipment Purchase
Indication Insights (Revenue, USD Bn, 2019 - 2031)
- Cancer
- Neurological Disorders
- Cardiovascular Diseases
- Trauma
- Others
End User Insights (Revenue, USD Bn, 2019 - 2031)
- Patients
- Non-Profit Organizations
- Healthcare Institutions
- Research Institutions
- Others (Healthcare professionals)
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- GoFundMe
- Impact Guru
- Kickstarter
- Indiegogo
- Fundly
- YouCaring
- GiveForward
- FundRazr
- Ketto
- Milaap
- Classy
- Crowdfunder
- Crowdcube
- MedGift
- Plumfund

Product Code: CMI7579

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Medical Crowdfunding Market, By Type of Crowdfunding
- Global Medical Crowdfunding Market, By Application
- Global Medical Crowdfunding Market, By Indication
- Global Medical Crowdfunding Market, By End User
- Global Medical Crowdfunding Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Driver
Restraint
Opportunity
Impact Analysis
Key Developments
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
Industry Trends

4. Global Medical Crowdfunding Market, By Type of Crowdfunding, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Donation-Based Crowdfunding
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Reward-Based Crowdfunding
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Equity-Based Crowdfunding
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Debt-Based Crowdfunding
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

5. Global Medical Crowdfunding Market, By Application, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Medical Expenses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Research Funding
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Health Initiatives
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Medical Equipment Purchase
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Medical Crowdfunding Market, By Indication, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Cancer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Neurological Disorders
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Cardiovascular Diseases
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Trauma
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global Medical Crowdfunding Market, By End User, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Patients
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Non-Profit Organizations
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Healthcare Institutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Research Institutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others (Healthcare professionals)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

8. Global Medical Crowdfunding Market, By Region, 2019 - 2031, USD Bn)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Type of Crowdfunding, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Indication, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Type of Crowdfunding, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Indication, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Type of Crowdfunding, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Indication, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Type of Crowdfunding, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Indication, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Type of Crowdfunding, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Indication, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Type of Crowdfunding, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Indication, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

9. Competitive Landscape

GoFundMe
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Impact Guru
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Kickstarter
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Indiegogo
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Fundly
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
YouCaring
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
GiveForward
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
FundRazr
Ketto
Milaap
Classy
Crowdfunder
Crowdcube
MedGift
Plumfund

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. References and Research Methodology

References
Research Methodology
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