Online Doctor Consultations - ASEAN

ASEAN

Revenue in the Online Doctor Consultations market is projected to reach US$349.30m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.50%, resulting in a projected market volume of US$435.20m by 2029.
User penetration will be 1.84% in 2024 and is expected to hit 0.00% by 2029.
The average revenue per user (ARPU) is expected to amount to US$64.54.
In global comparison, most revenue will be generated in the United States (US$2,391.00m in 2024).

Key regions: Japan, South Korea, Canada, Germany, United States

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 market. 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.