Global on-demand healthcare market has witnessed significant growth and is expected to witness a lucrative growth owing to increasing penetration of on-demand healthcare mobile applications. These user-friendly applications assist patients, irrespective of their ages by directing physicians or clinicians with patients’ information, such as patient’s name, address, email address, contact information and treatment requirements. On the basis of age group, global on-demand healthcare market is segregated into infants, adolescents, adults, and geriatrics. Adults segment is projected to hold the largest market share owing to increasing number of on-demand healthcare service requirements related to preventive care, including adult vaccines, smoking cessation, depression screening, and sexually transmitted infection (STI) screening.
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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 qualitative and quantitative analysis of on-demand healthcare market. The market has been analyzed from demand as well as supply side. 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 8% over the forecast period
- Based on the services, urgent care services dominated the global on-demand healthcare market in 2018. This can be attributed to the focus of market participants to expand their global as well as regional footprints in order to cater the requirements of growing urgent care and primary care services, especially among millennial and geriatric population. In addition, increasing funding for on-demand healthcare companies to offer near-real-time and 24/7 primary care services is also contributing in the growth of urgent care and primary care services.
- The adult population held highest share of global on-demand healthcare market in 2018. 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 are 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.
Global On-Demand Healthcare Market:
By Services
- Urgent Care Services
- Primary Care Services
- Preventive Care Services
- Chronic Care Services
- Others
By Age Group
- Infants
- Adolescents
- Adults
- Geriatric
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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