Global Online Doctor Consultation Market – New Huge Growth Opportunities for Players by 2025

2018-03-29 11:14:55

According to a new report published by Reports Monitor titled, “Online Doctor Consultation Market By Product, Therapeutic Applications and End-User: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Online Doctor Consultation Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America dominates the Online Doctor Consultation Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period. 

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Internet has long been a source of medical information, but recently been used for online private patient-doctor consultations. Online Medical Consultation (OMC) is now offered by many providers globally with diverse models and features. Online Medical Consultation (OMC) is the term used to refer to internet-based remote patient-doctor (consumer-provider) medical consultations.

Penetration of internet and smartphones allowed people residing in rural and remote areas have access to online healthcare and doctor consultation apps. Lack of time availability, and the fact that 70% of primary health care issues can be solve without the physical presence of the patient, these two factors are changing the mindset of patient and patient is moving towards such OMC mobile apps.  Around 2,000 people pay to take doctor consultation every day on DocsApp.  DocsApp, is a Indian mobile app launched in 2015. Enhanced awareness about online healthcare and doctor consultation is also driving the growth of this market globally.

Due to the imbalance ratio of doctors and patients, waiting times have increased and the quality of healthcare has fallen. But the basic technologies, such as videoconferencing and online chat, have changed the overall scenario of healthcare industry.

According to the new report from information and analytics firm IHS, Doctors' Virtual Consultations with Patients will be double by 2020 in the U.S. market. 

Online Doctor Consultation Market has been segmented majorly on the basis of Application (as Health education, Medical files management, Disease specific health assessment, online reference services, Remote consultation and others.), Verticals (IT, Hospitality, Large Enterprises, SMEs & MSMEs, and Others).

North America is expected to be largest market for Online Doctor Consultation. North America region comprises of the advanced infrastructure that supports such activities, and countries like U.S. and Canada are driving the growth of this market in this region. Asia Pacific is expected to be the fastest growing market for Online Doctor Consultation owing to the increased awareness about online healthcare and doctor consultation in countries like China, India and Japan.

Key Question Answered:

• What will be the market size in 2025 and at what rate it will grow?

• What trends, barriers, challenges are influencing its growth?

• Who are the major key players in Global Online Doctor Consultation Market and what are their strategies?

• Which vertical industry is expected to show major growth?

• What segment and region will lead the market and why?

The major companies profiled in the report include: Babylon Health, CallHealth, DocsApp, Babylon Health, and Eclinic247, eVaidya Pvt. Ltd, Healnt Technologies, JustDoc, LiveHealth Online, Lybrate, Medisurge Technologies Pvt. Ltd., Practo, and TelaDoc.

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