Online Doctor Consultation Market Overview:
Online Doctor Consultation Market is projected to achieve a value of USD 22,032 Million in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 47,032 Million by 2033 with a CAGR of 23% during the forecast period 2023-2033.
A virtual video conversation between a physician and a patient is referred to as a "online doctor consultation". It is becoming very popular and shows a lot of promise. It makes providing services quick and simple. It also aids in time, money, and effort savings. Common medical conditions including acne, the flu, sinusitis, bug stings, and urinary tract infections can all be effectively treated with online medical consultations.
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COVID 19 Impact:
As per a recent poll conducted by Boston Consulting Group (BCG), an international business consulting firm, the disruption generated by COVID-19 has resulted in a fundamental transformation in the healthcare sector of India. Nowadays, more Indians prefer virtual medical consultations. The COVID-19 pandemic had a beneficial impact on the market. The industry had a sharp surge in growth as a result of advantageous laws, a rise in online consultations, and a decrease in in-person consultation visits.
The government implemented several steps, including lockdowns and physical contact bans, to stem the spread of the coronavirus, which resulted in a dramatic fall in the number of in-person consultations and meetings with medical professionals. Furthermore, various institutions' initiatives to halt the spread of disease promoted market expansion over the projected period.
Online Doctor Consultation Market: Driver & Trend:
One factor that is clearly fueling market expansion is the mismatch between the increasing patient influx and understaffing at health institutions. Due to a lack of resources, a lack of staff, and varying patient loads, emergency rooms are overcrowded, which causes treatment delays and less than ideal patient outcomes. The existing levels of healthcare workforce are frequently insufficient to efficiently manage the large influx of patients. With the difficulties associated with manually keeping an eye on and tending to the patient population in hospitals, technology presents an alternative means of augmenting the capability and expandability of the healthcare sector. As a result, it is anticipated that the growing demand for healthcare services will spur the use of online doctor consultations, which can lighten the workload for human resources, improve operational effectiveness, and raise the standard of care provided.
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Market Segmentations:
By Type of Consultation:
- Video Chat
- Audio Chat
- By Product Type:
- software
- Services
By End-User:
- Healthcare Facilities
- Homecare
- Others
Market Regional Analysis
North America dominate the Online Doctor Consultation market with the highest revenue generating market with share of more than 52%. Well established healthcare facility, availability of services and products, increasing preference of home healthcare services, are the key driving factor of the region.
Europe is expected to expand the higher growth with highest CAGR in forecasted year. The factors behind that are increasing investment in healthcare sector, increasing acceptance of online services.
Asia-Pacific, is the fastest growing Online Doctor Consultation market in forecasting year. Rising uses of advance technology, smart phones and advance camera open the growth of markets. Numerous startup companies, including InstaDoc, FirstCheck, and others, are establishing a presence in the Asia Pacific region, and this is expected to stimulate market growth.
Latin America and Middle East & Africa are expected to grow at a moderate level because of slower adoption of technologically advanced solutions and lack of awareness among the population towards tests for Online Doctor Consultation.
Key Companies Profiled in Online Doctor Consultation Market:
- MDLIVE Inc
- PlushCare
- Ping an Good Doctor
- ZocDoc, Inc
- American Well
- Grand Rounds
- Practo
- Sanitas
- HealthTap, Inc
- MeMD
- Guahao
- Sata CommHealth
- MyTelemedicine, Inc
- Babylon Health
- iCliniq
- SnapMD, Inc
- Teladoc Health
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The global Online Doctor Consultation Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Online Doctor Consultation Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/online-doctor-consultation-market/download-sampleMarket Dynamics Growing virtualization, growing working population, and hectic busy life are the primary factor driving the global online doctor consultation market.
But in recent years, online doctor consultation services are growing globally rapidly due to the COVID-19 pandemic.
There are many benefits to consulting a medical expert online.
Online doctor consultation is an ideal approach to get instant medical advice, available and are just a click away, easiest and safest ways to access medical aid, increases access to specialists, need not drive long distances, fewer chances of catching a new illness, and invest a lot of time for each visit.
