COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.
The Global On-Demand Healthcare Market is expected to value USD XX.X Million in 2021 and it is expected to grow at a CAGR of XX.X % during the forecast period. On-demand healthcare is a service where patients can access or use healthcare service in real-time through websites or mobile apps. Further, the growing number of aging populations, which is unable to visit clinics or hospitals usually prefer on-demand healthcare services. The growing adoption of advanced technologies like mobile and internet connected devices in healthcare is driving the on-demand healthcare market. Patients are more willing to have smart technologies in their medical care.
As, patients can control when, where, and how they want to receive their services, the on-demand healthcare service providers have lucrative opportunities in future.
However, rapidly growing competition as well as start-up companies are facing huge insurance costs involved while providing healthcare services may hamper the growth of the market. Large investments, lack of IT professionals as well as security concerns regarding patients’ personal data are some factors restraining the overall on-demand healthcare market growth. Getting an insurer on board for healthcare for a large range of services will be vital for the market in the next few years.
Impact of COVID-19 Pandemic on Global On-Demand Healthcare Market
The emergence of Covid-19 has an immense negative impact on each and every organization across the world. The governments have implemented strict guidelines for lockdowns, flight cancellations, and shut down in almost every industry due to the spread of deadly virus across the world.
However, the effect on on-demand healthcare market has not been negative. Due to global lockdown, patients were demanding remote healthcare services where they can book their slot according to their preferred timings. This increased the demand for the market during the pandemic.
With advanced technology and mobility care, patients are increasingly opting for these services. Hence, these factors are going to result with positive revenue in on-demand healthcare market in the coming years.
TABLE 1: GLOBAL ON-DEMAND HEALTHCARE MARKET OVERALL SNAPSHOT
The global on-demand healthcare market report has been segmented by product, type of service, end user and region.
FIGURE 2: GLOBAL ON-DEMAND HEALTHCARE MARKET SEGMENTATION
Global On-Demand Healthcare Market, by Product
Based on product, the global on-demand healthcare market is segmented into websites, applications, and home visits. Website segment captured the largest market share for on-demand healthcare in 2021 and it is expected to remain largest market during the coming projected period.
Factor attributed to the growth of website segment is the convenience it offers to patients, as patients only need to schedule their preferred timing from their busy schedule.
Also, websites reduce healthcare spending or hospitalization, provides efficient interaction with patients, reduced paper work as well as offers flexibility for general practitioners and physicians to work supplemental hours. These factors are driving the on-demand healthcare market by website segment.
Global On-Demand Healthcare Market, by Type of Service
Based on type of service, the global on-demand healthcare market is bifurcated into testing, therapeutic, mobility care, and screening and monitoring. Among these, mobility care segment holds the largest market share for on-demand healthcare in 2021 and it is anticipated to hold its largest share during the coming forecast period.
Factor which is attributed to the growth of mobility care segment is the growing adoption of advanced technology, due to network connectivity, which offers access to healthcare services at anytime, anywhere. Hence, these advantages are driving the overall growth of on-demand healthcare market by mobility segment.
Global On-Demand Healthcare Market, by End User
Based on end user, the global on-demand healthcare market is bifurcated into individuals, hospitals, and professionals. Hospital segment captured the largest market share in 2021 and expected to remain largest market during the coming forecast period.
Factor attributed to the growth of hospital segment is the increasing chronic diseases among patients. Hospitals provide advanced technology with proper equipment for the treatment of various diseases. These factors are boosting the growth for on-demand healthcare market.
Global On-Demand Healthcare Market, by Region
Based on region, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Among these, North America captured the largest market share for global on-demand healthcare market in 2021 and anticipated to remain largest during the projected period.
Factor attributed to the growth of North American market is because in this region the rapidly changing healthcare technologies, innovation, and technological advancements.
The well-established healthcare sectors with improving healthcare quality and increasing patient safety are the factors driving on-demand healthcare market in this region.
TABLE 2: GLOBAL ON-DEMAND HEALTHCARE MARKET OVERVIEW
FIGURE 3: GLOBAL ON-DEMAND HEALTHCARE MARKET (USD MILLION), 2021–2030
Recent Developments in the Global On-Demand Healthcare Market
By Type of Service:
By End User:
North America On-Demand Healthcare Market
Europe On-Demand Healthcare Market
Asia Pacific On-Demand Healthcare Market
Middle East & Africa On-Demand Healthcare Market
South America On-Demand Healthcare Market
Major Companies: In this report, the major companies studied are: Teladoc, HealthTap, Solv Health, Ambee, Doctor On Demand, American Well, Pager, Heal, and Lab Street.
Objectives of this Report:
Key Questioned Answered in the Study:
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