Online Doctor Consultations - CIS

Revenue in the Online Doctor Consultations market is projected to reach US$287.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.42%, resulting in a projected market volume of US$374.00m by 2029.
User penetration will be 1.09% in 2024 and is expected to hit 0.00% by 2029.
The average revenue per user (ARPU) is expected to amount to US$111.70.
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 CIS is experiencing significant growth and development, driven by various factors influencing the digital fitness and well-being, online doctor consultation, and digital treatment and care sub-markets.

Customer preferences: Customers in CIS countries are increasingly turning to online doctor consultations due to the convenience and accessibility it offers. The ability to consult with healthcare professionals from the comfort of their homes is particularly appealing to individuals with busy schedules or those living in remote areas. Moreover, the growing awareness about the importance of health and well-being is prompting more people to seek digital solutions for their healthcare needs.

Trends in the market: In countries like Russia and Ukraine, the Online Doctor Consultations market is witnessing a surge in demand for digital fitness and well-being services. This trend can be attributed to the rising health consciousness among the population and the desire to adopt a more proactive approach towards healthcare. Additionally, the online doctor consultation segment is experiencing rapid growth as more healthcare providers offer virtual appointments to cater to the changing needs of patients. The digital treatment and care sub-market is also expanding, with an increasing number of individuals opting for telemedicine services for managing chronic conditions and accessing specialist care.

Local special circumstances: In CIS countries, the Online Doctor Consultations market is influenced by unique local circumstances, such as varying levels of healthcare infrastructure and access to medical professionals. In some regions, there may be a shortage of healthcare facilities, leading residents to rely more on online doctor consultations for primary healthcare needs. Additionally, cultural factors and government regulations play a role in shaping the market dynamics in each country within the CIS region.

Underlying macroeconomic factors: The growth of the Online Doctor Consultations market in CIS is also influenced by macroeconomic factors such as technological advancements, increasing internet penetration, and changing healthcare policies. As technology continues to advance, more innovative solutions are being introduced to enhance the online healthcare experience. The widespread availability of high-speed internet and smartphones is also driving the adoption of digital health services across the region. Furthermore, government initiatives to promote telemedicine and digital healthcare are creating a favorable environment for the market to thrive.

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.