Global On-Demand Healthcare Market 2021 Drivers , Risks, Challenges with Key Players and Forecast till 2030 | ALI HEALTH SDN. BHD, American Well, Doctor On Demand
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According to annual benchmarking report from the Urgent Care Association and Merchant Medicine, on-demand healthcare services are popular among adolescents and are identified as a driving force behind the growth of on-demand healthcare market. Baby boomers or geriatric population is also playing a significant role in the growth of the market by turning to urgent care facilities for same day appointments coupled with quality care required to manage their day-to-day medical necessities. On top of that, growing count of adults suffering from behavioral and mental health has led on-demand healthcare service providers in enabling AI-powered virtual medical consultations within developing countries. For instance, in 2018, mfine, an AI-powered, on-demand healthcare service provider enabled virtual medical consultation services in Hyderabad, India. mfine is constantly signing up with hospitals and over 100 doctors, enabling patients to consult doctors anytime and from anywhere.
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The recent outbreak of COVID-19 pandemic has further affected economies across continents. Government bodies have imposed stringent lockdowns to prevent the spread of this infectious disease which has restrained patients to visit clinics, pharmacies or any other healthcare facility. These factors are anticipated to have positive impact on the growth of the on-demand healthcare market. Virtual consultation services and online prescriptions provided by market players such as Teladoc Health, Doctolib, MDLIVE Inc. and others are gaining high popularity along with high on-demand medicine services provided by these e-pharmacies. Thus, such factors are anticipated to drive the growth of global on-demand healthcare market in forecast years as the trend of online healthcare delivery is expected to prevail in post COVID-19 phase.
The detailed research study provides comprehensive analysis of on-demand healthcare market. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
• The global on-demand healthcare market was valued at US$ 822.51 Mn in 2018 and is anticipated to witness a compound annual growth rate of 24.8% over the forecast period
• The adult population held highest share of global on-demand healthcare market in 2021. Digital transformation is leading adults towards adopting state-of-the-art technologies on the go. This has increased the penetration of smartphones among the population aged between 18-35 years, which is driving the adoption of these services among the adult category.
• North America held the highest market share in global on-demand healthcare market in 2018, owing to increasing demand for instant healthcare treatments and practices that has led global major technology giants to enter into on-demand healthcare market, enabling corporates to meet doctors at low costs.
Some of the players operating in the on-demand healthcare market:
ALI HEALTH SDN. BHD, Almothalath Elajy Co., American Well, Doctor On Demand, Inc., Heal, HealthTap, Inc., Maple Corporation, NovoCura Tech Health Services, Pager, Inc., Rijuven Corp, Sentara Healthcare, SolvHealth, Techradius Pty Ltd, Teladoc Health, Inc., University of Washington and Vala amongst others.
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Global On-Demand Healthcare Market:
• By Services
o Urgent Care Services
o Primary Care Services
o Preventive Care Services
o Chronic Care Services
• By Age Group
• By Region
o North America
Rest of North America
Rest of Europe
o Asia Pacific
Rest of Southeast Asia
Rest of Asia Pacific
o Middle East and Africa
Rest of Middle East & Africa
o Latin America
Rest of Latin America
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