Online Doctor Consultations - Australia & Oceania

Australia & Oceania

Revenue in the Online Doctor Consultations market is projected to reach US$165.10m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.87%, resulting in a projected market volume of US$190.20m by 2029.
User penetration will be 3.07% in 2024 and is expected to hit 3.49% by 2029.
The average revenue per user (ARPU) is expected to amount to US$124.00.
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 Australia & Oceania is experiencing significant growth and development.

Customer preferences: Customers in Australia & Oceania 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 own homes is becoming more appealing, especially in remote areas where access to healthcare facilities may be limited.

Trends in the market: In Australia, the Online Doctor Consultations market is witnessing a rise in digital fitness and well-being platforms that offer virtual workouts, personalized nutrition plans, and mental health support. This trend is driven by the growing awareness of the importance of overall health and well-being among the population.

Local special circumstances: Australia & Oceania's vast geography and dispersed population present unique challenges for traditional healthcare delivery. Online Doctor Consultations provide a solution to bridge the gap and ensure that individuals across the region have access to healthcare services regardless of their location. Additionally, the region's high smartphone penetration rate is further driving the adoption of digital health platforms.

Underlying macroeconomic factors: The increasing healthcare expenditure in Australia & Oceania, coupled with a growing focus on telehealth and digital healthcare solutions by both the government and private sector, is fueling the growth of the Online Doctor Consultations market. Moreover, the rise of chronic diseases and the aging population in the region are creating a higher demand for remote healthcare services, driving further market expansion.

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.