Market Overview:
The global online medical market is expected to grow at a CAGR of 16.5% from 2018 to 2030. The growth in this market can be attributed to the increasing penetration of internet and smartphones, growing demand for convenience and efficiency in healthcare, and rising awareness about the benefits of online medical services. The global online medical market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into service, information, and transaction segments. The service segment dominates the global online medical market with a share of more than 60%. This can be attributed to increased adoption rates for services such as telemedicine consultations, remote diagnosis & treatment services etc., which offer convenience and efficiency over traditional modes of care delivery. By application, health education accounts for majority share in terms revenue generated followed by files management & disease specific health assessment segments respectively.
Product Definition:
Online Medical is the term used for the medical care and services that are delivered or accessed over the internet. Online Medical can include remote diagnosis and treatment, online consultations with doctors or other healthcare professionals, and online health tracking and management tools. The importance of Online Medical lies in its ability to provide convenient, affordable access to quality healthcare for people around the world.
Service:
Service is the invisible component in the value chain of an online medical product. It's a term used to described a range of activities performed by companies that support or facilitate healthcare delivery at the patient level. Service can be segmented into four categories such as clinical, business process, IT service and customer service. Clinical services include medication counseling, disease management & wellness programs etc., whereas business process services include claims processing & revenue cycle management etc.
Information:
The information is used by the online medical market to provide services and solutions related to health. It helps in providing useful information regarding medicines, diagnosis, treatment options and various other aspects of healthcare. The Information includes text documents, images (such as x-ray pictures), audio files (such as doctors consultations) and video files (such as surgeries).
Application Insights:
Online medical services have been witnessing a rapid growth in recent years. The growing availability of internet has enabled patients to access health information at the comfort of their home. Various online portals provide consultation with doctors regarding various diseases and ailments, which is anticipated to boost the segment growth over the forecast period.
The increasing prevalence of chronic diseases such as cancer, diabetes and heart conditions coupled with rising demand for self-care is expected to drive demand for online medical services over the forecast period. Furthermore, an increase in healthcare expenditure along with growing aging population across regions will fuel market growth during future years.
Online reference service accounted for more than 25% revenue share in 2017 owing to its ability to deliver high quality research within seconds without any prior knowledge about patient¢â‚¬â„¢s history or disease condition; this factor is expected to expand reference service scope over the next few years resulting into higher shareholding by this segment during future periods (2030 - 2041).
Regional Analysis:
North America dominated the global online medical market in 2017. This can be attributed to the presence of a large number of players, high adoption rate for new technologies, and favorable government initiatives. For instance, in 2014 Medicare introduced an initiative named “Health IT: Beyond the hype-HIT†that focused on value-based healthcare and improving quality while reducing costs. The program was launched as a part of Improving Medicare's Incentive Program (IMI) which aimed at encouraging implementation of EHRs through competitive grants and contracts with vendors who met certain requirements set by federal government agencies such as Centers for Medicare & Medicaid Services (CMS), Health Care Financing Administration (HCFA).
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, reaching nearly 2 billion by 2020. This growing population is increasingly using online medical services for diagnosis, treatment and follow-up care, thereby driving the growth of the online medical market.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as cancer, diabetes and heart disease is increasing rapidly across the world due to changing lifestyles and aging populations. This is leading to an increase in demand for online medical services for diagnosis, treatment and follow-up care.
- Proliferation of mobile devices: The proliferation of mobile devices such as smartphones and tablets has led to a rapid increase in the use of mobile apps for accessing online medical services. This is helping to drive the growth of the online medical market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Online Medical Market Research Report
By Type
Service, Information, Transaction
By Application
Health Education, Medical Files Management, Disease Specific Health Assessment, Online Reference Services, Remote Consultation, Others
By Companies
Online Care Group, Nant Health, Proteus Digital Health, Flatiron Health, Practice Fusion, Castlight Health, Health Tap, Healthloop, Rock Health, BaiDu, Alibaba, Tencent, DingXianYuan, Google, Alector, Collective Health, Spruce, Apple, Microsoft, We Doctor Grop., ChunYu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Online Medical Market Report Segments:
The global Online Medical market is segmented on the basis of:
Types
Service, Information, Transaction
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Health Education, Medical Files Management, Disease Specific Health Assessment, Online Reference Services, Remote Consultation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Online Care Group
- Nant Health
- Proteus Digital Health
- Flatiron Health
- Practice Fusion
- Castlight Health
- Health Tap
- Healthloop
- Rock Health
- BaiDu
- Alibaba
- Tencent
- DingXianYuan
- Google
- Alector
- Collective Health
- Spruce
- Apple
- Microsoft
- We Doctor Grop.
- ChunYu
Highlights of The Online Medical Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Service
- Information
- Transaction
- By Application:
- Health Education
- Medical Files Management
- Disease Specific Health Assessment
- Online Reference Services
- Remote Consultation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Online Medical Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Online Medical is a website that provides health information and services. It includes articles, videos, and other resources about various medical topics.
Some of the major companies in the online medical market are Online Care Group, Nant Health, Proteus Digital Health, Flatiron Health, Practice Fusion, Castlight Health, Health Tap, Healthloop, Rock Health, BaiDu, Alibaba, Tencent, DingXianYuan, Google, Alector, Collective Health, Spruce, Apple, Microsoft, We Doctor Grop., ChunYu.
The online medical market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Online Medical Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Online Medical Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Online Medical Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Online Medical Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Online Medical Market Size & Forecast, 2018-2028
4.5.1 Online Medical Market Size and Y-o-Y Growth
4.5.2 Online Medical Market Absolute $ Opportunity
Chapter 5 Global Online Medical Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Online Medical Market Size Forecast by Type
5.2.1 Service
5.2.2 Information
5.2.3 Transaction
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Online Medical Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Online Medical Market Size Forecast by Applications
6.2.1 Health Education
6.2.2 Medical Files Management
6.2.3 Disease Specific Health Assessment
6.2.4 Online Reference Services
6.2.5 Remote Consultation
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Online Medical Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Online Medical Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Online Medical Analysis and Forecast
9.1 Introduction
9.2 North America Online Medical Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Online Medical Market Size Forecast by Type
9.6.1 Service
9.6.2 Information
9.6.3 Transaction
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Online Medical Market Size Forecast by Applications
9.10.1 Health Education
9.10.2 Medical Files Management
9.10.3 Disease Specific Health Assessment
9.10.4 Online Reference Services
9.10.5 Remote Consultation
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Online Medical Analysis and Forecast
10.1 Introduction
10.2 Europe Online Medical Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Online Medical Market Size Forecast by Type
10.6.1 Service
10.6.2 Information
10.6.3 Transaction
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Online Medical Market Size Forecast by Applications
10.10.1 Health Education
10.10.2 Medical Files Management
10.10.3 Disease Specific Health Assessment
10.10.4 Online Reference Services
10.10.5 Remote Consultation
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Online Medical Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Online Medical Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Online Medical Market Size Forecast by Type
11.6.1 Service
11.6.2 Information
11.6.3 Transaction
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Online Medical Market Size Forecast by Applications
11.10.1 Health Education
11.10.2 Medical Files Management
11.10.3 Disease Specific Health Assessment
11.10.4 Online Reference Services
11.10.5 Remote Consultation
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Online Medical Analysis and Forecast
12.1 Introduction
12.2 Latin America Online Medical Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Online Medical Market Size Forecast by Type
12.6.1 Service
12.6.2 Information
12.6.3 Transaction
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Online Medical Market Size Forecast by Applications
12.10.1 Health Education
12.10.2 Medical Files Management
12.10.3 Disease Specific Health Assessment
12.10.4 Online Reference Services
12.10.5 Remote Consultation
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Online Medical Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Online Medical Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Online Medical Market Size Forecast by Type
13.6.1 Service
13.6.2 Information
13.6.3 Transaction
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Online Medical Market Size Forecast by Applications
13.10.1 Health Education
13.10.2 Medical Files Management
13.10.3 Disease Specific Health Assessment
13.10.4 Online Reference Services
13.10.5 Remote Consultation
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Online Medical Market: Competitive Dashboard
14.2 Global Online Medical Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Online Care Group
14.3.2 Nant Health
14.3.3 Proteus Digital Health
14.3.4 Flatiron Health
14.3.5 Practice Fusion
14.3.6 Castlight Health
14.3.7 Health Tap
14.3.8 Healthloop
14.3.9 Rock Health
14.3.10 BaiDu
14.3.11 Alibaba
14.3.12 Tencent
14.3.13 DingXianYuan
14.3.14 Google
14.3.15 Alector
14.3.16 Collective Health
14.3.17 Spruce
14.3.18 Apple
14.3.19 Microsoft
14.3.20 We Doctor Grop.
14.3.21 ChunYu
