Online Doctor Consultations - G7

Highlights

The Online Doctor Consultations market in G7 is estimated to generate a revenue of US$4.48bn in 2024.
It is projected to experience a compound annual growth rate (CAGR) of 4.23% from 2024 to 2029, resulting in a market volume of US$5.52bn by 2029.
The user penetration rate is anticipated to be 2.74% in 2024 and is expected to reach 0.00% by 2029.
The average revenue per user (ARPU) is projected to be US$414.40.
In comparison to other countries, United States is expected to generate the highest revenue in the Online Doctor Consultations market, reaching US$2.39bn in 2024.
In the United States, the market for online doctor consultations in the digital health sector is experiencing rapid growth due to increased demand for convenient and accessible healthcare services.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Doctor Consultations market in G7 countries is experiencing significant growth and development across the digital fitness and well-being, online doctor consultation, and digital treatment and care sub-markets.

Customer preferences: Customers in G7 countries are increasingly turning to online doctor consultations due to the convenience and accessibility it offers. With busy lifestyles and the need for immediate medical advice, individuals are opting for digital platforms that allow them to consult with healthcare professionals from the comfort of their own homes. Additionally, the growing focus on preventive healthcare and overall well-being is driving the demand for digital fitness and well-being services, further contributing to the expansion of the market.

Trends in the market: In the United States, the Online Doctor Consultations market is witnessing a surge in telemedicine services, with a growing number of healthcare providers offering virtual consultations. This trend is fueled by the need to improve healthcare access in rural areas and address the shortage of healthcare professionals. Moreover, the increasing adoption of wearable devices and health tracking apps is driving the digital fitness and well-being segment in the country.

Local special circumstances: In Japan, where the aging population is a significant demographic trend, online doctor consultations are becoming increasingly popular among elderly individuals who may have difficulty visiting healthcare facilities in person. The government's initiatives to promote digital healthcare services are also contributing to the growth of the market in Japan. Furthermore, the country's advanced technological infrastructure and high internet penetration rate are facilitating the widespread adoption of online healthcare solutions.

Underlying macroeconomic factors: In G7 countries, the Online Doctor Consultations market is benefiting from favorable macroeconomic conditions, including high disposable incomes and advanced healthcare systems. The increasing healthcare expenditure and focus on leveraging technology to improve healthcare outcomes are driving the growth of the market. Additionally, regulatory support and initiatives to promote telemedicine and digital health solutions are creating a conducive environment for market expansion.

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.