Online Doctor Consultations - ASEAN

ASEAN

The Online Doctor Consultations market in ASEAN is expected to see significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach US$349.30m by 2024.
This growth is further expected to continue, with an annual growth rate (CAGR 2024-2029) of 4.50%, resulting in a projected market volume of US$435.20m by 2029.
As for user penetration, it is predicted to be 1.84% in 2024 and is expected to increase to 0.00% by 2029.
This indicates a growing interest and adoption of online doctor consultations among the population in ASEAN.
In terms of average revenue per user (ARPU), it is anticipated to amount to US$64.54.
This indicates the average amount of revenue generated per user in the Online Doctor Consultations market in ASEAN.
In a global comparison, it is noteworthy that United States is expected to generate the most revenue in this market, with a projected revenue of US$2,391.00m in 2024.
This highlights the significant market potential and demand for online doctor consultations United States.
Overall, the projections indicate a positive outlook for the Online Doctor Consultations market in ASEAN, with strong revenue growth, increasing user penetration, and notable revenue generation United States.
In Singapore, online doctor consultations are gaining popularity due to the convenience and accessibility it offers to busy individuals in the city-state.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Online Doctor Consultations market in ASEAN is experiencing significant growth and development across digital fitness and well-being, online doctor consultation, and digital treatment and care sub-markets.

Customer preferences: Consumers in ASEAN countries are increasingly valuing convenience and accessibility when it comes to healthcare services. The ability to consult with a doctor online from the comfort of their homes is becoming more appealing to individuals with busy lifestyles or limited access to traditional healthcare facilities.

Trends in the market: In Indonesia, the Online Doctor Consultations market is seeing a surge in popularity due to the country's vast geographical landscape and traffic congestion in major cities. As a result, more Indonesians are turning to online platforms to seek medical advice and treatment, driving the growth of digital health services in the country.

Local special circumstances: In the Philippines, where a large portion of the population resides in rural areas with limited healthcare infrastructure, online doctor consultations are bridging the gap between patients and healthcare providers. This trend is particularly beneficial for those in remote areas who struggle to access quality healthcare services.

Underlying macroeconomic factors: The increasing smartphone penetration and internet connectivity in ASEAN countries are playing a significant role in the expansion of the Online Doctor Consultations market. As more people gain access to digital devices and the internet, the demand for online healthcare services continues to rise, driving market growth in the region.

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.