Online Doctor Consultations - Southeast Asia

Southeast Asia

Revenue in the Online Doctor Consultations market is projected to reach US$349.50m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.49%, resulting in a projected market volume of US$435.40m by 2029.
User penetration will be 2.11% in 2024 and is expected to hit 2.36% by 2029.
The average revenue per user (ARPU) is expected to amount to US$23.94.
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 Southeast Asia is experiencing significant growth, driven by the increasing demand for convenient and accessible healthcare services in the region.

Customer preferences: Customers in Southeast Asia are increasingly turning to online doctor consultations for their healthcare needs due to the convenience and flexibility it offers. With busy lifestyles and limited access to traditional healthcare facilities in some remote areas, the ability to consult with a doctor virtually has become a preferred option for many individuals in the region.

Trends in the market: In Indonesia, the Online Doctor Consultations market is seeing a surge in popularity, with a growing number of platforms offering digital fitness and well-being services to cater to the health-conscious population. The rise of telemedicine in the country is also driving the demand for online doctor consultations, especially among those looking for quick medical advice and prescriptions.

Local special circumstances: In the Philippines, the Online Doctor Consultations market is growing rapidly, fueled by the government's push for telehealth services to improve healthcare accessibility across the archipelago. The country's geography, with its numerous islands and remote areas, makes online doctor consultations a practical solution for reaching underserved communities and providing them with quality healthcare services.

Underlying macroeconomic factors: In Thailand, the Online Doctor Consultations market is benefiting from the increasing internet penetration and smartphone usage in the country. The growing middle class and rising healthcare expenditures are also contributing to the expansion of digital treatment and care services, as more consumers seek affordable and convenient healthcare options.

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.