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Online Doctor Consultation Market to Grow by USD 38.87 Billion from 2024-2028, Driven by Rising Infectious Diseases and AI-Driven Market Transformation – Technavio

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NEW YORK, Nov. 5, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global online doctor consultation market  size is estimated to grow by USD 38.87 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 29.6%  during the forecast period. Increasing incidence and prevalence of infectious diseases is driving market growth, with a trend towards advent of advanced technologies in providing online doctor consultations. However, privacy and data security concerns in online doctor consultations poses a challenge. Key market players include American Well Corp., Babylon Healthcare Services Ltd., Dictum Health Inc., Doctor Anywhere Pte. Ltd., Enghouse Systems Ltd., eVaidya Pvt. Ltd., Evernorth Health Inc., HealthTap Inc., Included Health Inc., Lybrate Inc. USA., Medify, Mind Health, Orane Healthcare India Pvt. Ltd., PlushCare of California Inc., Practo Technologies Pvt. Ltd., SATA CommHealth, Teladoc Health Inc., TeleHealth Medicine, Walmart Health Virtual care, and ZocDoc Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Services and Software), Type (Audio chat and Video chat), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

American Well Corp., Babylon Healthcare Services Ltd., Dictum Health Inc., Doctor Anywhere Pte. Ltd., Enghouse Systems Ltd., eVaidya Pvt. Ltd., Evernorth Health Inc., HealthTap Inc., Included Health Inc., Lybrate Inc. USA., Medify, Mind Health, Orane Healthcare India Pvt. Ltd., PlushCare of California Inc., Practo Technologies Pvt. Ltd., SATA CommHealth, Teladoc Health Inc., TeleHealth Medicine, Walmart Health Virtual care, and ZocDoc Inc.

Key Market Trends Fueling Growth

The integration of advanced technologies, such as machine learning, predictive analytics, and IoT, in healthcare is driving the adoption of telehealth solutions, including online doctor consultations. Industry 4.0, which utilizes digital technologies and smart automation, is also positively impacting healthcare by enabling real-time patient monitoring and virtual reality systems for data collection. The growth of internet connectivity, the prevalence of smartphones, and the proliferation of wearable devices are expanding access to healthcare services and fueling the growth of mobile health. These trends are expected to boost the global online doctor consultation services market during the forecast period. 

The online doctor consultation market is witnessing significant growth due to the increasing use of smartphone cameras and video conferencing software. Doctors and medical practitioners are now able to connect with patients and clients remotely, making healthcare more accessible. With the widespread availability of data connection, digital transformation in the medical fraternity is gaining momentum. However, concerns around unauthorized access, data theft, breaches, and hacking remain. Cloud-based networks, computer sciences, and digital health platforms are key players in this space. Telemedicine market growth is driven by technological advancements, wireless penetration, and increasing smartphone users and broadband coverage. Doctor-on-call services are popular for managing chronic health conditions and lifestyle disorders. AI-assisted diagnosis support, e-OPD, e-pathology, e-radiology, e-counselling, e-health records, e-education, home consultation, and e-commerce services are all part of this digital health revolution. Hospitals and clinics are also joining the bandwagon, offering remote monitoring and AI-assisted diagnosis support. The younger generation’s increasing Internet usage and acceptance of digital solutions are further fueling this trend. 

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Market Challenges

Telehealth services, including online doctor consultations, have gained traction as an efficient alternative to traditional healthcare delivery methods. Advanced technology enables healthcare providers to offer superior healthcare services to patients worldwide. Data collection and transmission, such as patient health details and clinical information, are crucial for effective telehealth care. Routine data sharing from medical devices or mobile applications with medical professionals ensures continuous patient health monitoring. Maintaining data security and confidentiality is essential in the telehealth ecosystem, fostering trust between healthcare providers and patients. Federal and state regulations, like the Health Insurance Portability and Accountability Act (HIPAA) of 1996, establish privacy standards to safeguard patients’ medical records. However, unauthorized access to medical data, data breaches, hacking, and loss of data during transmission pose significant threats to the telehealth industry. These concerns may hinder the growth of the global online doctor consultation market. Notably, instances of healthcare data breaches have escalated, particularly during the public health emergency. For example, the Office for Civil Rights (OCR), which enforces HIPAA regulations, temporarily waived certain data security requirements, allowing providers to use non-compliant communication platforms. After August 9, 2023, telehealth providers must adhere to HIPAA standards to maintain patient privacy and data security, mitigating these threats and ensuring market growth.The online doctor consultation market is experiencing significant growth due to increasing internet usage and the younger generation’s preference for digital solutions. This trend is particularly noticeable in the area of lifestyle disorders. Healthcare providers are embracing telehealth and telemedicine services, including E-OPD, E-Pathology, E-Radiology, E-Counselling, and E-Health records, to reach more patients and improve accessibility. Artificial intelligence (AI) is playing a key role in this evolution, with AI-powered chatbots and virtual assistants providing initial consultations and triage. Hospitals and clinics are offering home consultation services, while e-commerce platforms are integrating healthcare services such as telepsychiatry, teleradiology, and teletreatment. Private and government hospitals, independent consultants, rehabilitation centers, retail clinics, and urgent care centers are all adopting digital healthcare services to enhance their offerings. The use of laptops, tablets, and high-speed internet enables information exchange and machine-to-machine communication, facilitating efficient data movement and healthcare service delivery. Population growth and the technological aid provided by mHealth and digital health services are driving the demand for online doctor consultations. The healthcare system is undergoing a technological evolution, with digital health services becoming an integral part of the healthcare ecosystem.

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Segment Overview 

This online doctor consultation market report extensively covers market segmentation by

Product 1.1 Services1.2 SoftwareType 2.1 Audio chat2.2 Video chatGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Services-  The online doctor consultation market is experiencing significant growth due to advancements in technology and enhanced internet services. Key clinical services, including live video conferencing, remote patient monitoring, and mobile health (mHealth), enable healthcare professionals to deliver effective and precise consultations remotely. This trend is driving the demand for a broad spectrum of telehealth services in the healthcare industry. Prominent players, such as American Well Corp. (AmWell), Babylon Healthcare Services Ltd. (Babylon Health), and MDLIVE Inc. (MDLIVE), offer online doctor consultation services. Patients can interact with medical staff via secure messaging or instant messaging for non-urgent medical issues. Video consultations facilitate real-time, face-to-face interaction for symptom evaluation and medical issue outlining. Audio-only consultations are suitable for discussing medical concerns and answering questions. Transmission of health data from wearable technology or home monitoring devices allows medical professionals to efficiently manage chronic illnesses. Electronic prescriptions can be written and transmitted to selected pharmacies, streamlining the prescription process. Patients can consult specialists in various medical fields, such as dermatology, cardiology, orthopedics, and mental health. By 2025, HealthUno aims for a 25% market share in India, currently conducting 1,500 daily consultations with 600+ doctors, aiming to expand its doctor network to 5,000 and launch an online pharmacy, UnoPharmacy. The growing demand for online doctor consultations fuels the global market’s expansion during the forecast period.

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Research Analysis

The online doctor consultation market is experiencing exponential growth due to the increasing usage of the internet and the younger generation’s preference for digital solutions. With the rise of lifestyle disorders, there is a growing demand for convenient and accessible healthcare services. Artificial intelligence (AI) and technological aid are revolutionizing the healthcare system by enabling telehealth, telemedicine, mHealth, and digital healthcare services. Hospitals and clinics are embracing these digital solutions through E-OPD, E-Pathology, and e-commerce services. Retail clinics and urgent care centers are also joining the bandwagon, offering consultations via laptops, tablets, and smartphone cameras. High-speed internet, smartphone cameras, video conferencing software, and data connection have made online doctor consultations a viable alternative to traditional in-person visits. Population growth and the availability of high-speed internet and smartphones are driving the market’s growth.

Market Research Overview

The online doctor consultation market is experiencing significant growth due to the increasing usage of the internet and the younger generation’s preference for digital solutions. Lifestyle disorders are on the rise, driving the demand for convenient and accessible healthcare services. Artificial intelligence (AI) is revolutionizing the healthcare industry with telehealth and telemedicine becoming increasingly popular. E-OPD, E-Pathology, E-Radiology, E-Counselling, and E-Health records are transforming traditional hospital and clinic services. Home consultation and hospital consultation are also gaining traction in the digital healthcare landscape. Telepsychiatry, teleradiology, teletopathology, and other telehealth specialties are providing remote diagnosis and treatment options. Digital healthcare services include e-commerce platforms, retail clinics, urgent care centers, mobile-based health applications, and mHealth. The technological evolution is enabling remote monitoring, digital health platforms, and big data-based systems, which offer AI-assisted diagnosis support. However, concerns around data security and privacy, including unauthorized access, data theft, breaches, and hacking, need to be addressed in cloud-based networks. The digital transformation of the healthcare system is being facilitated by technological aid, including laptops, tablets, smartphone cameras, video conferencing software, and high-speed internet. The telemedicine market is witnessing technological advancements, wireless penetration, and smartphone users, broadband coverage, and doctor-on-call services. The healthcare service delivery is being revolutionized, catering to the needs of patients, clients, and medical practitioners alike. However, it is essential to ensure that digital health services are secure and reliable to maintain trust and confidence in the digital healthcare ecosystem.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductServicesSoftwareTypeAudio ChatVideo ChatGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Opus Technologies Named Among India’s Top 100 (Mid-Size) Best Workplaces for Women 2024 by Great Place To Work® India

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November 6, 2024

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PUNE, India, Nov. 6, 2024 /PRNewswire/ — Opus Technologies has been recognized by Great Place To Work® India among – India’s Top 100 Best Workplaces for Women 2024

Opus Technologies has achieved a significant milestone, earning recognition as India’s Top 100 Best Workplaces™ for Women 2024 by Great Place to Work© India. This prestigious accolade underscores our commitment to creating an environment where women can thrive professionally and make substantial contributions.

At Opus, we recognize the immense value women bring to our organization. Our female employees consistently demonstrate leadership, drive innovation, and excel across all levels of the company. This recognition celebrates their achievements and reaffirms our dedication to fostering a workplace that empowers women in tech.

As a global authority on workplace culture, Great Place To Work has been studying employee experience and people practices across organizations for over three decades. Every year, more than 100 million employees from over 150 countries worldwide take the Great Place To Work for assessment, benchmarking, and planning of actions to strengthen their workplace culture.

In this year for India, based on a rigorous evaluation methodology, 200 organizations among India’s Best Workplaces for Women 2024 have been recognized. These organizations, among other practices, particularly excel both in people practices that they have crafted for their employees and proactively acting on the feedback to create a High Trust Culture. The report and the complete list (in alphabetical order) of India’s Best Workplaces for   2024 can be viewed on our website.

“In today’s dynamic business landscape, we’ve long recognized that when people feel truly supported and valued, businesses don’t just survive—they thrive. This rings especially true for women in the workplace. By fostering environments that prioritize flexibility, equity, and inclusion, we empower all employees to bring their full potential to work every day.

However, we find ourselves at a critical juncture. Despite years of progress, women’s representation in the workforce has plateaued at 26%, with a mere 122% in executive or C-level positions. More concerning is the declining workplace sentiment among women, signaling a growing disconnect in their work environments.

Our research unequivocally shows that when women experience a sense of belonging, they are 6 times more likely to consider their workplace great. This stark statistic underscores the immense potential waiting to be unlocked in organizations that prioritize inclusivity and equality.

As we launch India’s Best Workplaces™ for Women 2024 report, we celebrate the companies leading the charge in creating truly inclusive environments. These organizations understand that championing women isn’t just about meeting quotas—it’s about cultivating a culture where everyone can thrive.

To all the winners of India’s Best Workplaces for Women: congratulations on setting the gold standard. Your commitment to fostering environments where women feel valued, heard, and empowered serves as an inspiration and a call to action for us all. Together, let’s continue to build workplaces where every individual, regardless of gender, can reach their full potential.”

–          Balbir Singh, CEO, Great Place To Work®️ India

Praveen TM, CEO of Opus Technologies, stated, “Being recognized as one of the Best Workplaces™ for Women by Great Place to Work© India is a significant milestone for us. This honor highlights our commitment to building a workplace where every woman feels valued and empowered to lead. We firmly believe that our diverse workforce is key to our innovation and growth, and we will continue to champion equality and inclusivity in all aspects of our organization.”

Speaking about the achievement, Babitha P, Chief People Officer at Opus Technologies, said, “This recognition reflects our ongoing commitment to diversity, equity, and inclusion. At Opus, we are dedicated to creating an environment where everyone, particularly women, can thrive and feel empowered. Embracing diverse perspectives is at the heart of our culture and a key driver of our success.”

Backed by 30 years of data, Great Place To Work is the global authority on workplace culture. Through its proprietary For All™ Model and Trust Index™ Survey, it gives organizations the recognition and tools to create a consistently positive employee experience. Its mission is to help every place become a great place to work for all, driving business growth, improving lives, and empowering communities. Through globally recognized and coveted Great Place To Work Certification™ and highly competitive Best Workplaces Lists, Great Place To Work enables employers to attract and retain talent, benchmark company culture, and increase revenue. Its platform enables leaders to truly capture, analyze and understand the experience of every employee and compare outcomes with data collected from more than 100 million employees in 150 countries worldwide.

About Opus Technologies:

With nearly three decades of experience, Opus Technologies is a global provider of outcome-driven payment strategies. Opus combines its deep technology proficiency with unmatched domain expertise in payments and fintech to deliver unparalleled quality and value in its work.

Visit https://opustechglobal.com/ to learn more. Follow Opus Technologies on LinkedIn.

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Vasant Masala enters a new era with Anil Kapoor as brand new, unveiling new logo and identity

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November 6, 2024

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AHMEDABAD, India , Nov. 6, 2024 /PRNewswire/ —  Vasant Masala, a prominent name in the spices industry for over 54 years, is proud to unveil Bollywood icon Anil Kapoor as its new brand ambassador, alongside their new positioning: ‘Pyaar Toh Hona Hi Tha.’ The tagline encapsulates how Vasant Masala enhances the flavours of every dish, creating meals that not only satisfy taste buds but also strengthen the bonds of love within families, making every moment around the table one filled with warmth and togetherness.

An exciting collaboration will feature Anil Kapoor alongside his brother Sanjay Kapoor for the first time on-screen with Vasant Masala’s TVC. Their sibling bond exemplifies the essence of Vasant Masala’s new message: love isn’t just a sentiment, but an experience that unites us, especially in the context of family life and cherished traditions.

As part of this exciting evolution, Vasant Masala is also unveiling a refreshed brand identity, complete with a modernised logo. The revamped identity represents Vasant Masala’s dedication to connecting with the tastes and preferences of its customers.

Elaborating on Anil Kapoor’s association as Vasant Masala’s brand ambassadorship, Chandrakant Bhandari, CMD of Vasant Masala, stated, “For decades, delivering purity to Indian households has been the cornerstone of Vasant Masala. With ‘Pyaar Toh Hona Hi Tha,’ we are not only enriching this foundation but also strengthening the bond that goes beyond taste to touch the heart. Anil Kapoor’s association perfectly blends tradition, modernity, and universal appeal, resonating across generations. This campaign celebrates our legacy while reaching a wider audience, bringing Vasant Masala into more homes and fueling our growth for years to come.”

Anil Kapoor, expressing his excitement about this partnership, shared, “I am thrilled to be part of this new chapter in Vasant Masala’s journey. This brand is known for its uncompromising quality and I have complete faith in its commitment to delivering the best. This story is about more than just promoting a product; it’s a celebration of love, family, and the bonds we hold dear. What’s more, this will be the first time I’ll share the screen with my brother Sanjay, which makes this even more exciting for me. I can’t wait to see how this heartfelt campaign connects with people.”

About Vasant Masala:

As a leading brand in the Indian spices market, Vasant Masala remains dedicated to providing high-quality products while deepening its emotional connection with its consumers. Vasant Masala has been delighting millions of families across Gujarat, Rajasthan, Madhya Pradesh, and beyond for the past 54 years. With its diverse range of products such as blended spices, Hing, basic spices, whole spices, and powdered spices, Vasant Masala has gained recognition on a global scale. Exported to five continents, Vasant Masala is known for its unparalleled quality and widespread popularity. This trusted brand has consistently provided consumers with the finest spices, making it the top choice of housewives for the last five decades due to its unmatched flavor and health benefits.

For Trade, Marketing & Other enquiries:
E-mail: info@vasantmasala.com
Call: +91 94265 06390
Know more about the brand at www.vasantmasala.com.

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Sinopec Hosts Forum Session at 7th China International Import Expo

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November 6, 2024

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US$40.9 billion in purchasing contracts signed with 38 partners, bringing the total of seven sessions of CIIE to US$285 billion

SHANGHAI, Nov. 5, 2024 /PRNewswire/ — China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”) has hosted a forum titled “Building Global Energy Partnerships” and a signing ceremony at the 7th China International Import Expo (CIIE 2024) in Shanghai. The exhibition, running from November 5 to 10, is focused on the global energy transition and fostering an open, green, and low-carbon ecosystem.

At the signing ceremony, Sinopec signed purchasing contracts with 38 partners from 18 countries, which totaled US$40.9 billion, including 27 products from 10 major categories, including crude oil, chemicals, equipment, materials, consumer goods and more. Since the first CIIE in 2018, Sinopec has signed orders exceeding a total of US$285 billion in seven sessions.

Ma Yongsheng, chairman of Sinopec, remarked in a keynote speech at the forum that the global energy supply as well as demand pattern and governance system are in need of real changes, and the transformational development of energy and chemical industry is already in a new stage.

“In the face of the great momentum of development, Sinopec unswervingly commits to promoting high-quality, intelligent, and green development leveraging advanced technologies,” said Ma. “We also understand deeply that the energy and chemical industries can only achieve sustainable development through cooperation. Sinopec has always adhered to open cooperation and achieve mutual wins with all our partners.”

Sinopec aims to enhance collaboration on oil and gas resources, working with various stakeholders to establish a more stable industry alliance. The company is also committed to expanding its green energy initiatives to further its low-carbon transformation goals. Additionally, Sinopec seeks to foster technology partnerships to unite innovative efforts, aiming to create a harmonious balance between humanity and nature, address climate challenges effectively, and build a cleaner, more sustainable world for future generations.

At CIIE 2024, Sinopec also signed cooperation and procurement agreements with a number of companies at the event. It has signed a framework agreement with TotalEnergies on long-term LNG supply, under which TotalEnergies will supply 2 million tons of LNG per year to Sinopec from 2028, for a total of 15 years. The partnership will enable both parties to further explore opportunities across the whole industry chain and promote global energy transformation.

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SOURCE SINOPEC

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