How big is the Online Dermatology Consultation Industry?
DocsApp has recently announced its merger with MediBuddy, which is expected to help expand their business reach and propel the growth of the online dermatology consultations market. This move is anticipated to accelerate the momentum of the market.
During the projected period, it is expected that the online dermatology consultations market will experience a compound annual growth rate of 14.9%, increasing from its 2022 value of USD 2.80 billion to reach USD 7.38 billion by 2029. This market was stood at USD 2.44 billion in 2021.
The report presents up-to-date and accurate information on the current trends and developments in the market. It also delves into the impact of the COVID-19 pandemic on the growth and expansion of the global market. Additionally, the report examines the factors that are driving or hindering market growth. A comprehensive list of key market players is provided, along with regional market insights and recent developments and product launches by these companies.
Store-and-forward Segment to Lead the Market Due to Increasing Demand
The market is segmented by modality into store-and-forward (asynchronous), real-time (synchronous), and others. The store-and-forward segment is leading the market due to its high diagnostic accuracy in online dermatology consultations. The market is also divided by end-user into healthcare facilities and homecare, with the homecare segment expected to dominate the market due to the growing adoption of virtual solutions by dermatologists and physicians. The market is categorized into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa.
The introduction of improved services by key players is made possible by the adoption of advanced technologies.
In order to expand their business globally, key players in the market employ a range of business development strategies, including strategic alliances, acquisitions, mergers, and collaborations. Furthermore, the implementation of innovative product development ideas enables these companies to enhance their product portfolio. To provide consultation services in new healthcare categories, market players incorporate the latest technologies into their operations.
The management of the online dermatology consultation market involves creating benefits for past purchases and providing incentives for future purchases. A rewards program that offers customers strong value can increase customer penetration, cross-sales, and market share. A Industry system includes various operational parameters, such as financing options, program design, and transaction types. Additionally, it incorporates different parameters of value, such as redemption thresholds, reimbursement options, and earnings rates.
Numerous organizations prioritize spending on market programs as a means of promoting their brand and attracting new customers. Such programs also enable the collection of valuable information and insights for developing more sophisticated customer profiles. Given its impact on brand value and the ability of online dermatology consultation market programs to attract and retain potential customers, effective market management is a crucial element of a seller’s strategy.
This report provides a comprehensive qualitative and quantitative analysis of the global online dermatology consultation market. The study examines various crucial aspects of the market by analyzing both historical and forecast data. In addition, the report includes SWOT analysis and Porter’s five forces model analysis to provide a more complete understanding of the market.
List of Key Players Profiled in the Report:
- Teladoc Health, Inc. (U.S.)
- MDLIVE (Cigna) (U.S.)
- DermatologistOnCall (Iagnosis) (U.S.)
- Doxy.me Inc. (U.S.)
- First Derm (iDoc24 Inc.) (U.S.)
- Amwell (American Well) (U.S.)
- Doctor On Demand, Inc. (U.S.)
- Practo (India)
- Lybrate, Inc. (India)
- mfine (Novocura Tech Health Services) (India)
- Apollo TeleHealth (India)
- Tata 1mg (India)
- DocsApp (Phasorz Tech Ltd.) (India)
- HALODOC (Indonesia)
- SehatQ (Indonesia)
- Alodokter (Indonesia)
- jameda GmbH (DocPlanner Group) (Germany)
- OnlineDoctor 24 GmbH (Germany)
- DOCTENA (Luxembourg)
- Doctolib (France)
- Qare (HealthHero) (France)
- Consulib (France)
- Doctoralia Internet SL (DocPlanner Group) (Spain)
- TOP DOCTORS INC (Spain)
- MediQuo (Spain)
- Dottori.it (Italy)
- Pazienti.it (Pazienti.org s.r.l.) (Italy)
- miodottore.it (DocPlanner Group) (Italy)
- Babylon (U.K)
- Push Doctor (U.K)
- Livi (Kry International AB) (U.K)
- HealthHero (U.K)
- Pocket Doctor (MRT Inc.) (Japan)
- Medley, Inc. (Japan)
- LINE Healthcare (LINE Corporation) (Japan)
- Curon (MICIN, Inc.) (Japan)
- Chunyu Doctor (Beijing Chunyu Tianxia Software Co., Ltd.) (China)
- PING AN HEALTHCARE AND TECHNOLOGY COMPANY LIMITED (China)
- Hangzhou WeDoctor Health Technology Co., Ltd. (China)
- Beijing Jingdong Technology Co., Ltd. (China)
- DermatoVirtual (Brazil)
- Conexa (Brazil)
- Médico24hs (Brasil Telemedicina Serviços Médicos Ltda) (Brazil)
- Portal Telemedicina (Brazil)
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