Online Doctor Consultations - Armenia

Armenia

Revenue in the Online Doctor Consultations market is projected to reach US$2.15m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.17%, resulting in a projected market volume of US$2.90m by 2029.
User penetration will be 1.94% in 2024 and is expected to hit 2.22% by 2029.
The average revenue per user (ARPU) is expected to amount to US$39.96.
In global comparison, most revenue will be generated in the United States (US$2,391.00m in 2024).

Key regions: France, Europe, India, United States, United Kingdom

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.