Online Doctor Consultations - Myanmar

Myanmar

Revenue in the Online Doctor Consultations market is projected to reach US$6.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.66%, resulting in a projected market volume of US$7.18m by 2029.
User penetration will be 0.88% in 2024 and is expected to hit 0.97% by 2029.
The average revenue per user (ARPU) is expected to amount to US$12.40.
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 Myanmar is experiencing significant growth and transformation, driven by various factors shaping the healthcare industry in the country.

Customer preferences: Customers in Myanmar are increasingly seeking convenient and accessible healthcare services, leading to a growing demand for online doctor consultations. The convenience of consulting with healthcare professionals from the comfort of their homes is a key driver for this shift in consumer behavior. Additionally, the rising awareness about the importance of health and well-being is prompting individuals to proactively seek digital fitness and well-being solutions.

Trends in the market: In Myanmar, the Online Doctor Consultations market is witnessing a surge in digital treatment and care services. This trend is fueled by the limited access to healthcare facilities in remote areas of the country, making online consultations a practical and efficient alternative. Moreover, the adoption of telemedicine platforms by healthcare providers is streamlining the consultation process and enhancing the overall patient experience. As a result, more individuals are turning to online platforms for medical advice, diagnosis, and treatment.

Local special circumstances: Myanmar's healthcare system faces challenges such as limited infrastructure, shortage of healthcare professionals, and unequal distribution of medical resources. In such a scenario, online doctor consultations play a crucial role in bridging the gap between patients and healthcare providers. The digitalization of healthcare services is helping to overcome barriers to access and improving the quality of care for individuals across the country. Additionally, the government's efforts to promote telemedicine initiatives are further propelling the growth of the Online Doctor Consultations market in Myanmar.

Underlying macroeconomic factors: The economic development in Myanmar is contributing to the expansion of the Online Doctor Consultations market. As the country progresses towards digital transformation, the healthcare sector is also embracing technological advancements to meet the evolving needs of the population. The increasing internet penetration and smartphone usage in Myanmar are facilitating the adoption of online doctor consultations, making healthcare more accessible and efficient for a larger segment of the population. Moreover, the growing investment in healthcare infrastructure and digital health solutions is creating a favorable environment for the development 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.