Online Doctor Consultations - North America

North America

Highlights

The revenue in the Online Doctor Consultations market in North America is projected to reach US$2.75bn in 2024.
This market is expected to show an annual growth rate (CAGR 2024-2029) of 4.44%, resulting in a projected market volume of US$3.42bn by 2029.
The user penetration rate is expected to be 2.80% in 2024 and is projected to reach 2.90% by 2029.
The average revenue per user (ARPU) is expected to be US$193.00.
In a global comparison, United States is expected to generate the highest revenue, reaching US$2.39bn in 2024.
In North America, the market for online doctor consultations is rapidly growing, with increased demand for convenient and accessible healthcare services.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Doctor Consultations market in North America is experiencing significant growth and transformation driven by various factors.

Customer preferences: Customers in North America are increasingly valuing convenience, efficiency, and accessibility when it comes to healthcare services. The shift towards online doctor consultations is a reflection of this preference, as patients seek quick and easy access to medical advice and treatment without the need for in-person visits. The digital fitness and well-being segment is particularly popular among tech-savvy individuals looking to monitor and improve their health remotely.

Trends in the market: In the United States, the Online Doctor Consultations market is witnessing a surge in demand for virtual healthcare services, fueled by the widespread adoption of telemedicine platforms and mobile health apps. Patients are embracing the convenience of consulting with healthcare providers from the comfort of their homes, leading to increased usage of online doctor consultation services. Moreover, the digital treatment and care segment is gaining traction as more healthcare providers offer remote monitoring and personalized treatment plans.

Local special circumstances: Canada, on the other hand, is experiencing a growing trend towards digital fitness and well-being solutions, with a focus on promoting overall health and wellness through online platforms. The Canadian market is seeing a rise in virtual fitness classes, wellness coaching, and mental health support services delivered digitally. This trend is driven by the country's vast geography, which can make access to traditional healthcare services challenging for remote and rural populations.

Underlying macroeconomic factors: The Online Doctor Consultations market in North America is also influenced by macroeconomic factors such as technological advancements, regulatory policies, and healthcare infrastructure. The region's robust digital infrastructure and high smartphone penetration rates have laid a strong foundation for the growth of online healthcare services. Additionally, government initiatives promoting telehealth and remote patient monitoring are further driving the expansion of the market across North America.

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.