Online Doctor Consultations - Argentina

Argentina

The Online Doctor Consultations market in Argentina is expected to reach a revenue of US$129.90m in 2024.
This projection indicates a steady growth rate with a compound annual growth rate (CAGR) of 6.89% from 2024 to 2028.
By 2028, the market volume is estimated to reach US$169.60m.
In terms of user penetration, it is anticipated to be 2.47% in 2024 and is projected to increase to 2.74% by 2028.
The average revenue per user (ARPU) is expected to be US$112.20.
When compared globally, the highest revenue is expected to be generated in the United States, amounting to US$5,062.00m in 2024.
In Argentina, the demand for online doctor consultations has significantly increased due to the convenience and accessibility it offers to remote areas with limited healthcare access.

Key regions: France, Europe, India, United States, United Kingdom

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Analyst Opinion

The Online Doctor Consultations market in Argentina is experiencing significant growth and development, driven by various factors shaping the healthcare industry in the country.

Customer preferences: Argentinian customers are increasingly seeking convenient and efficient healthcare solutions, leading to a growing preference for online doctor consultations. The ease of access to healthcare professionals from the comfort of their homes, coupled with the ability to schedule appointments at their convenience, is driving the uptake of digital health services in the country.

Trends in the market: One of the prominent trends in the Online Doctor Consultations market in Argentina is the rising popularity of digital fitness and well-being services. With a growing focus on preventive healthcare and overall wellness, Argentinians are turning to online platforms to access fitness routines, nutritional advice, and mental health support. This trend indicates a shift towards holistic healthcare solutions that cater to both physical and mental well-being. Moreover, the digital treatment and care segment within the Online Doctor Consultations market is also witnessing significant growth in Argentina. Patients are increasingly relying on virtual consultations for non-emergency medical issues, follow-up appointments, and chronic disease management. The convenience and cost-effectiveness of online doctor consultations are driving this trend, especially in urban areas where access to healthcare facilities may be limited.

Local special circumstances: Argentina's healthcare system faces challenges such as uneven distribution of healthcare professionals, long wait times for in-person consultations, and limited access to specialized care in remote regions. These circumstances have created a favorable environment for the growth of the Online Doctor Consultations market in the country. Online platforms bridge the gap between patients and healthcare providers, offering a solution to the accessibility issues faced by many Argentinians.

Underlying macroeconomic factors: The macroeconomic landscape in Argentina, including factors such as rising healthcare costs, technological advancements, and changing consumer behavior, is contributing to the development of the Online Doctor Consultations market. As the country grapples with economic uncertainties and healthcare infrastructure challenges, digital health solutions present a cost-effective and efficient alternative for both patients and healthcare providers. The increasing adoption of online doctor consultations is not only driven by consumer preferences but also by the need to streamline healthcare delivery and improve overall access to medical services in Argentina.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.