Online Doctor Consultations - Lebanon

Lebanon

Highlights

The revenue in the Online Doctor Consultations market in Lebanon is projected to reach US$1.54m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 1.63%, resulting in a projected market volume of US$1.68m by 2029.
The user penetration is expected to be 3.17% in 2024 and is projected to reach 3.92% by 2029.
The average revenue per user (ARPU) is expected to amount to US$9.33.
In global comparison, United States is projected to generate the most revenue in the Online Doctor Consultations market, with US$2.39bn in 2024.
The demand for online doctor consultations in Lebanon has surged due to the country's limited access to healthcare services.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Doctor Consultations market in Lebanon is experiencing rapid growth and development, driven by various factors shaping the healthcare industry in the country.

Customer preferences: Customers in Lebanon are increasingly seeking convenient and efficient healthcare solutions, leading to a growing preference for online doctor consultations. The ease of access to healthcare professionals, reduced waiting times, and the ability to receive medical advice from the comfort of their homes are key drivers of this trend.

Trends in the market: In Lebanon, there is a noticeable trend towards the adoption of digital fitness and well-being platforms, online doctor consultations, and digital treatment and care services. This shift is fueled by the rising demand for telemedicine services, especially in light of the COVID-19 pandemic, which has necessitated the need for remote healthcare solutions.

Local special circumstances: Lebanon's healthcare system faces challenges such as limited access to quality healthcare services in certain regions, overcrowded hospitals, and a shortage of healthcare professionals. These circumstances have created a favorable environment for the growth of the Online Doctor Consultations market, as virtual healthcare services help bridge the gap in healthcare accessibility and affordability.

Underlying macroeconomic factors: The economic situation in Lebanon, including currency devaluation and inflation, has had a significant impact on the healthcare sector. As traditional healthcare services become more expensive and less accessible, online doctor consultations offer a cost-effective alternative for individuals seeking medical advice. Additionally, the increasing penetration of smartphones and internet connectivity in Lebanon has further facilitated the adoption of digital health solutions.

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.