Online Doctor Consultations - United States

United States

Highlights

The Online Doctor Consultations market in the United States is expected to generate a projected revenue of US$2.39bn in 2024.
This is projected to grow at an annual growth rate (CAGR 2024-2029) of 4.38%, resulting in a market volume of US$2.96bn by 2029.
The user penetration rate is expected to be 2.70% in 2024 and is projected to reach 2.74% by 2029.
The average revenue per user (ARPU) is anticipated to be US$259.50.
In comparison to other countries, United States is expected to generate the highest revenue of US$2.39bn in 2024.
The United States is experiencing a surge in demand for online doctor consultations, driven by convenience and accessibility.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

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

Customer preferences: Customers in the United States are increasingly turning to online doctor consultations due to the convenience and accessibility it offers. With busy lifestyles and the need for immediate medical advice, digital platforms provide a quick and efficient way to connect with healthcare professionals. Moreover, the rising awareness about telemedicine and the advancements in technology have also contributed to the growing preference for online doctor consultations.

Trends in the market: One of the prominent trends in the Online Doctor Consultations market in the United States is the integration of digital fitness and well-being services. Many platforms now offer not only online doctor consultations but also digital fitness programs and wellness tips to cater to the holistic health needs of customers. This trend reflects the shift towards a more comprehensive approach to healthcare, where prevention and wellness are becoming increasingly important.

Local special circumstances: In the United States, the regulatory environment plays a significant role in shaping the Online Doctor Consultations market. With varying state regulations and licensing requirements for telemedicine services, companies operating in this space need to navigate a complex legal landscape. This has led to the emergence of localized platforms that cater to specific states or regions, ensuring compliance with local laws and regulations.

Underlying macroeconomic factors: The growth of the Online Doctor Consultations market in the United States is also influenced by macroeconomic factors such as increasing healthcare costs and the shortage of healthcare providers in certain areas. Online doctor consultations offer a cost-effective solution for both patients and healthcare providers, reducing the need for in-person visits and streamlining the healthcare delivery process. Additionally, the COVID-19 pandemic has further accelerated the adoption of telemedicine services, as social distancing measures and lockdowns have made online consultations a necessity for many individuals.

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 segment. 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.