Online Medical Market exercises the concept of providing medicinal help, doctor consultation and the sale of medical instruments and utilities over the network or net. The era of digital health technologies concentrates on giving patient-centred care along with the application of cost-effective methods. The online medical care facilities can also be used for regular monitoring of the patient from a different location. The online medical market is not only a B2C market but also a B2B market as well. Though the concept of online medical market is very different from the general patient led online blogs and health communities, but the idea for an organized online market was borrowed from this.
Factors such as rapid technological advancements and high penetration of smartphones are some of the prime drivers for the online medical market. The data or internet revolution in developing countries like India is one of the major causes for the global boom of the online medical market. In addition, the governments are taking various initiatives for the convenience of the patients and thus have started features like “eHealth Governance” in developing countries like India and has provided the online medical market the required boost through it. The inception of the online market has also been cost-effective for the customers, as it removes many unnecessary players from the long supply chain of the healthcare industry. Moreover, the online buying makes the purchase transparent and well documented which is helpful for regulatory purposes. The online medical market has streamlined the automatic contracting process for the sellers as well. Another major reason for the thriving of online medical market is that, it helps in providing purchase data and thus helps the market players in obtaining a trend in healthcare, one of the most volatile markets. Illicit or Illegal online pharmacies or medical equipment providers pose a great potential patient risk and is one of the major restraining factors for the market.
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Various notable players in the market includes Online Care Group, Nant Health, Proteus Digital Health, Baidu, Alibaba, Flatiron Health, Practice Fusion, Apple, Castlight Health and Google among others.
The Global Online Medical Market has been segmented by service type, by end users and key geographies. Based on service type the market comprises of Online Pharmacy, Remote Consultations, Medical Files Assessment, Disease Specific Health Assessment, Health Education and Others. The research report “Global online medical market” provides in-depth analysis of the global online medical market based on service type, end users and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global online medical market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
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Key questions answered in this research report:
1- At what pace is global online medical market growing? What will be growth trend in future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global online medical market?
4- What are the various application areas and how they are poised to grow?
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