Global Online Doctor Consultation Market - 2023-2030

Overview

Global Online Doctor Consultation Market reached US$ 57.9 billion in 2022 and is expected to reach US 114.3 billion by 2030 growing with a CAGR of 9.1% during the forecast period 2023-2030. The rising popularity of high-speed internet, especially when combined with high-resolution smartphone cameras and sophisticated video conferencing software, the market for online doctor consultations has recently advanced.

The coronavirus additionally led to the development of digital health, a broad concept that includes telehealth and teleconsultation services, remote monitoring, connected equipment, digital health platforms, and health apps. Analysing relevant health data and using it in big data-based systems, such as those used for observational research and AI-assisted diagnosis support, are also included in the premise.

Additionally, increasing demand of smart phones and other electronic gadgets, in addition to being incredibly cost-effective for patients who require frequent doctor visits, online health consultations with doctors are available around-the-clock, and the privacy of patient information is safeguarded and always kept safe and secure, are driving up the online doctor consultation market size. Due to the massive rise in technological advancements in countries like the U.S. and Canada, the market is experincing an rise in demand from North American regions.

Dynamics

Cost-effective and Time-saving Online Healthcare Helps Drive the Market Growth

Online healthcare is inexpensive and very time-efficient. For individuals who require frequent doctor visits, it is extremely cost-effective. The main advantages of online consultation are savings on time, travel expenses, and visitation charges. Under one roof, patients can receive professional medical advice, consultations, and second views. Users can easily plan the visit for a break, before or after work, or both. Online consultations may be the best choice if patients are too busy to make time to see a doctor.

Online doctors can choose from a variety of price systems, including subscription-based programs, one-time consultations, and special deals for several sessions. Patients are able to select the payment method that best fits their demands and their budget because to this flexibility. For instance, according to Vsee telemedicine platform company, stated that, as more health insurers offer telemedicine services to reduce costs, online medical consultations are quickly gaining popularity.

According to studies, virtual care can be used to treat common conditions like the flu, acne, bites from deer ticks, sinusitis, and urinary tract infections. Patient time and convenience can be greatly reduced through video doctor consultations. They can be as cheap as a $10 monthly membership, but commonly run between $40 and $50, the same as the co-pay for a regular doctor's appointment. As a result, considerations like price and time savings contribute to the market's expansion.

Key Startegies Adopted by the Companies Helps to Drive the Market Growth

Key startegies adopted by the companies helps to drive the market growth. For instance, on July 14, 2022, An online platform for doctor consultations that specializes in rural India, Clinix, has been acquired by MediBuddy, according to a press release. The company's press release claims that the acquisition of Clinix by MediBuddy will enable them to scale up their operations and extend their service areas to rural India's interior.

According to reports, Clinix has established a mechanism for educating people about the booking processes for online doctor appointments. Additionally, the corporation had installed kiosks in a number of locations that effectively serve as e-clinics where people can consult a doctor online for their basic healthcare requirements with the assistance of the facilitator.

Additionally, on December 22, 2022, an Egyptian healthtech company called CheckMe acquired the majority of shares in the medical appointment booking app DoctorOnline. According to the team, this acquisition deal increases CheckMe's market value to $20 million, and this is only the first of many that will happen over the coming months. To better help startups and SME's in their investment needs, the team thinks it is their primary responsibility to consolidate the market and foster growth in the area. Thus help of above factors the market will grow.

Legal and Ethical Concerns will restrict the market growth

Online doctor consultation involves a number of ethical and legal questions, including those of medical negligence, confidentiality, and liability. For instance, hackers and phishing scammers are always looking for ways to break into networks and steal confidential patient information kept on open websites.

Online consultation refers to the exchange of private medical data across computer networks. There is still a chance of data breaches or unauthorized access, which could endanger patient privacy and confidentiality despite efforts to secure these interactions. The aforementioned issues consequently inhibit market expansion.

Segment Analysis

The global online doctor consultation market is segmented based on platform type, delivery mode, indication, services and region.

The Mobile Applications Accounted for Approximately 61.07% of the Online Doctor ConsultationMarket Share

The mobile applications segment will be driven by the increasing use of smartphones. For instance, mobile phone technology is still advancing quickly, bringing with it more potent processors, better cameras, longer-lasting batteries, and faster internet connectivity. These improvements make cellphones more desirable and useful, which motivates consumers to frequently switch to newer versions.

Smartphones enable users to easily access information, social networking, online shopping, banking, and a variety of other services and applications while they are on the go. The ease with which one can access the internet has completely changed how people live and work.

Additionally, the COVID-19 pandemic has accelerated the adoption of online doctor consultation apps. Lockdowns and social distancing measures made in-person visits challenging or unsafe, leading to a surge in virtual healthcare services. Some mobile apps integrate health monitoring features, allowing patients to track vital signs, symptoms, and medications. These apps may also store medical records electronically, making it easier for patients and doctors to access and share health information. Thus above factors helps to drive the segment growth.

Geographical Penetration

North America Accounted for Approximately 48.4% of the Market Share in 2022

Due of the growing burden of chronic diseases and the widespread adoption of modern healthcare technologies, online doctor consultation is a rapidly developing component of healthcare in the United States. Online doctor consultation adoption has improved care management, patients' quality of life, and spending on healthcare. Furthermore, rising demand for mobile technologies, higher patient adoption of home care, increased healthcare expenditure, reduction in hospital visits, and key players' strategies are projected to boost the market's expansion in the region.

For instance, on August 03, 2022, The Coviu virtual care platform is currently accessible in the US. It also intends to treble its headcount over the following 12 months from a global staff of 50 as it chases international growth. Secure video conferencing, an app store, remote patient monitoring, and new capabilities that enable group online health sessions and phone consultations are all included in Coviu's online health platform. As a result, the aforementioned elements support market expansion in the region.

Competitive Landscape

The major global players in the online doctor consultation market: MyUSADr, Teladoc Health, Inc, PlushCare, Doctor On Demand, HealthTap, In, Health Management Corporation, DocOnline, Practo, Spire Healthcare Group, American Well, HotDoc and others.

COVID-19 Impact Analysis

During the COVID-19 crisis, online medical consultations have become a crucial aspect of healthcare. People sought medical assistance for a range of non-emergency diseases without physically visiting hospitals or clinics during the pandemic, which caused a spike in demand for telemedicine services. By reducing face-to-face contact, online consultations helped lower the risk of viral transmission for both patients and healthcare professionals.

Using complex networks, online doctor consultations enable the medical community to exchange specialized knowledge. This aids in evaluations, urgent medical advice during a crisis or pandemic, and more. Online medical consultations have surged 500% since March 2020, according to a Practo research, as five crore Indians are now using the internet to obtain healthcare due to COVID-19.

By Platform Type

• Websites
• Mobile Applications

By Delivery Mode

• Audio Call
• Video Call
• Chat

By Indication

• Gynecology
• Sexology
• General Physician
• Dermatology
• Gastroenterology
• Weight Management
• Diabetes Consultation
• Pediatrics
• Others

By Services

• Disease-Specific
• Health Assessment
• Counseling
• Health Education

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• In October 2022, A new digital health service has been launched in Vietnam, according to Population Services International (PSI), to assist people in low-income regions in making wise decisions about their health and navigating the healthcare system effectively.
• In September 2022, Saint-Gobain's employees access to high-quality healthcare services, MediBuddy announced a partnership with the French multinational company. This sub-entity organization, Grindwell Norton Limited, will receive annual health checks and MediBuddy Gold, which offers unlimited online doctor consultations.
• In October 2022, With operations throughout India and Asia-Pacific (APAC), SIS Group Enterprises is a market leader in safety, funds logistics, and facility management. It has just announced a partnership with Practo, India's top integrated healthcare provider, to provide employees with specialized corporate health and wellness programs.

Why Purchase the Report?

• To visualize the global online doctor consultation market segmentation based on platform type, delivery mode, indication, services and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of online doctor consultation market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global online doctor consultation market report would provide approximately 53 tables, 54 figures and 195 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies