Online Doctor Consultations - Israel

Israel

Revenue in the Online Doctor Consultations market is projected to reach US$41.66m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.88%, resulting in a projected market volume of US$48.02m by 2029.
User penetration will be 2.70% in 2024 and is expected to hit 3.08% by 2029.
The average revenue per user (ARPU) is expected to amount to US$166.00.
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

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Analyst Opinion

The Online Doctor Consultations market in Israel has been experiencing significant growth and development in recent years.

Customer preferences: Customers in Israel are increasingly turning to online doctor consultations for convenience, accessibility, and time efficiency. The ability to consult with a healthcare provider from the comfort of their own homes is particularly appealing to busy individuals or those with mobility limitations. Moreover, the digital fitness and well-being aspect of online consultations aligns with the growing health and wellness trend in the country.

Trends in the market: One of the key trends in the Online Doctor Consultations market in Israel is the integration of digital treatment and care services. This includes remote monitoring of patients with chronic conditions, online prescription services, and virtual follow-up appointments. The market is also witnessing the emergence of telemedicine platforms that offer a wide range of healthcare services beyond just consultations, catering to the diverse needs of the population.

Local special circumstances: Israel has a highly advanced healthcare system with a strong emphasis on technological innovation. This environment fosters the growth of the Online Doctor Consultations market, as both healthcare providers and consumers are open to adopting digital solutions. Additionally, the country's relatively small geographic size makes it easier to implement nationwide telemedicine programs and reach a larger portion of the population.

Underlying macroeconomic factors: The increasing digitalization of healthcare services in Israel is also influenced by macroeconomic factors such as government support and investment in healthcare technology. The Israeli government has been promoting the use of telemedicine to improve healthcare accessibility, especially in remote areas. This support, coupled with a tech-savvy population and a robust startup ecosystem, creates a conducive environment for the expansion of the Online Doctor Consultations market in the country.

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.