Technology

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

Published

1 year ago

November 5, 2024

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..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

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.

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

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.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

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.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022)

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/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-302295418.html

SOURCE Technavio

Technology

VERNAL CAPITAL ACQUISITION CORP. ANNOUNCES PRICING OF $100 MILLION INITIAL PUBLIC OFFERING

Published

5 hours ago

May 6, 2026

NEW YORK, May 5, 2026 /PRNewswire/ — Vernal Capital Acquisition Corp. (NYSE: VECA) (“Vernal”) announced the pricing of its initial public offering (the “IPO”) of 10,000,000 units at $10.00 per unit. The units are expected to trade on the New York Stock Exchange (“NYSE”) under “VECAU” beginning May 6, 2026. Each unit consists of one ordinary share and one right to receive one-fourth of one ordinary share upon consummation of an initial business combination. Upon separate trading, the ordinary shares and rights are expected to be listed on NYSE under “VECA” and “VECAR,” respectively.

D. Boral Capital LLC is acting as sole book-running manager of the offering. The underwriters have a 45-day option to purchase up to 1,500,000 additional units to cover any over-allotments. The offering is expected to close on May 7, 2026, subject to customary closing conditions.

A registration statement for these securities was declared effective by the SEC on May 5, 2026. The offering is made only by means of a prospectus. Copies of the prospectus may be obtained, from D. Boral Capital LLC, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 970-5150 or by email at dbccapitalmarkets@dboralcapital.com.

This press release shall not constitute an offer to sell or to buy, nor shall there be any sale where such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws.

About Vernal

Vernal is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Vernal’s target search will not be limited to a particular industry or geographic region.

Forward-Looking Statements

This press release contains “forward-looking statements,” including statements regarding Vernal’s IPO. These statements are subject to risks and uncertainties that could cause actual results to differ materially. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, beyond Vernal’s control, including those in the Risk Factors section of Vernal’s registration statement filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Vernal disclaims any obligation to release publicly updates or revisions to any forward-looking statements to reflect any change in Vernal’s expectations, except as required by law.

Contact

Binghan Yi, CFO
binghan@vernal.com
www.vernalspac.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/vernal-capital-acquisition-corp-announces-pricing-of-100-million-initial-public-offering-302763378.html

SOURCE Vernal Capital Acquisition Corp.

Technology

RIVANNA nominated for MedTech Scale-Up of the Year at MedTech World Awards 2026 | North America

Published

6 hours ago

May 5, 2026

Nomination places the Charlottesville-based company among growth-stage medtech leaders recognized for commercial momentum in AI-powered clinical decision support; public voting is open through May 8

CHARLOTTESVILLE, Va., May 5, 2026 /PRNewswire/ — RIVANNA®, developer of AI-powered clinical decision-support solutions, today announced that it has been nominated for MedTech Scale-Up of the Year at the MedTech World Awards 2026 | North America. Public voting is open through Friday, May 8, 2026, with category winners to be announced at the inaugural North American Awards Gala on May 11, 2026, at the Hilton West Palm Beach in Florida.

The MedTech Scale-Up of the Year category honors a growth-stage company successfully scaling revenues, partnerships, and adoption across the global medical technology ecosystem. Nominees across the program’s 22 categories were selected through a structured process led by the MedTech World Steering Committee, with category winners determined by a combination of expert evaluation and public voting from the global MedTech community.

“We have built RIVANNA on validation earned from the most rigorous technical buyers in healthcare: competitive federal awards translated into FDA-cleared products, each paired with a commercial program that meets clinicians where they work,” said Will Mauldin, PhD, Co-founder and CEO of RIVANNA. “Being nominated for MedTech Scale-Up of the Year is a meaningful affirmation of that approach and the team executing it.”

Public voting closes Friday, May 8, 2026. Members of the MedTech community are invited to support RIVANNA’s nomination at the official voting page: vote here.

The award nomination follows a year of measurable scaling for RIVANNA:

In October 2025, RIVANNA reported on being named a finalist in MedTech Innovator’s 2025 Early-Stage Grand Prize competition, selected from nearly 1,500 global applicants to represent the top 4% of medtech innovations worldwide.In December 2025, RIVANNA reported on the U.S. Food and Drug Administration’s 510(k) clearance of its Accuro® 3S Needle Guide Kit consumables, building on existing Accuro 3S device clearance.In April 2026, RIVANNA reported on peer-reviewed findings, published in 2025 in the Journal of Emergency Medicine (DOI: 10.1016/j.jemermed.2025.11.011), showing that the Accuro® XV musculoskeletal imaging system enables non-physician operators to acquire diagnostic-quality scans after just one hour of hands-on training.In May 2026, RIVANNA reported on the U.S. Food and Drug Administration’s 510(k) clearance of the Accuro® XV Diagnostic Ultrasound System for musculoskeletal imaging, authorizing commercial use across hospital and clinic settings.The company’s clinical program now spans eight sites nationwide with more than 1,500 patients enrolled.

The 2026 MedTech World Awards | North America, powered by Blue Goat Cyber, will be presented Monday, May 11, 2026, at the inaugural North American Awards Gala at the Hilton West Palm Beach, marking the first time the MedTech World Awards have been hosted in the United States.

About the MedTech Scale-Up of the Year Award
Presented by MedTech World, the MedTech Scale-Up of the Year category recognizes growth-stage medical technology companies demonstrating strong commercial momentum, expanding partnerships, and accelerating real-world adoption. The award is one of 22 categories spanning innovation, clinical excellence, regulatory strategy, investment, and leadership across the global MedTech ecosystem.

About RIVANNA
RIVANNA® is a medical technology company developing clinical decision-support solutions powered by proprietary clinical datasets, AI models, and purpose-built imaging hardware. The company’s platform automates complex anatomical analysis at the point of care, enabling faster, more confident clinical decisions while reducing variability and expanding access to advanced capabilities. The first applications target significant market opportunities in regional anesthesia and fracture care. RIVANNA has built a proven FDA regulatory track record across its Accuro® platform, with device clearances for Accuro® 3S (spinal needle guidance) and Accuro® XV (musculoskeletal imaging), a portfolio of supporting cleared consumables, and AI software modules advancing through regulatory review. The company is backed by 100+ patents and validated through clinical partnerships with leading academic medical centers. RIVANNA is headquartered in Charlottesville, Virginia, and operates an FDA-registered, ISO 13485:2016-certified manufacturing facility. Learn more at rivannamedical.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/rivanna-nominated-for-medtech-scale-up-of-the-year-at-medtech-world-awards-2026–north-america-302763342.html

SOURCE RIVANNA

Technology

D2L Launch Week Highlights Latest Product Releases

Published

6 hours ago

May 5, 2026

Latest innovations are designed to save time, simplify workflows, and help drive better learning outcomes

TORONTO, May 5, 2026 /PRNewswire/ – D2L, a global leader in learning innovation, hosted its first-ever D2L Launch Week, a four-day virtual webinar series spotlighting the company’s latest product innovations across D2L Brightspace in 2026.

Throughout the week, D2L showcased a range of product releases through live demos and practical customer use cases, highlighting how institutions, school districts and organizations can help to drive engagement and improve learning outcomes. The featured updates include enhancements to D2L Lumi for idea generation, intervention suggestions, quiz creation and summarization; tools to strengthen parent and guardian outreach; and administrative capabilities designed to help large organizations delegate course and configuration management more effectively.

“We’re proud to showcase the ways D2L continues to innovate to help make learning more personalized, efficient, and scalable,” said Christian Pantel, Chief Product Officer at D2L. “From new D2L Lumi features to enhanced communication tools and more flexible distributed administration capabilities, these updates are designed to help our customers save time, improve usability, and deliver better learning experiences at scale.”

Enhancements to D2L Lumi

Among the new capabilities were several updates to D2L’s AI-native tool, D2L Lumi, designed to improve usability, transparency, and alignment across workflows, including:

D2L Lumi Ideas: Generates assignment and discussion ideas directly within Brightspace, making it easier to generate high quality content aligned to learning outcomes.D2L Lumi Insights: Gives educators access to learning intervention suggestions, designed to provide recommended next steps based on learner data.D2L Lumi Quiz: Helps educators generate questions from multiple course content topics and includes a more streamlined question-generation workflow.D2L Lumi Summary: Supports summarization from more content sources, including nested submodules, and can give educators the ability to preview and adjust source text before summarization.

Updates to Parent and Guardian Communications

D2L also introduced new parent and guardian communication enhancements to help K-12 educators strengthen engagement beyond the classroom. Teachers can now send bulk emails to all parents and guardians associated with students in their class. For individual student outreach, teachers can also email parents and guardians of a specific learner, making it easier to share timely updates on student progress and classroom activity.

Manage Distributed Administration at Scale

Distributed Administration gives organizations more flexibility to delegate administrative responsibilities across organization levels. With Distributed Administration, administrators can manage specific areas, enabling them to oversee courses while helping to reduce bottlenecks and free up time.

Learn more about the latest product releases showcased at D2L Launch Week.

About D2L
D2L is transforming the way the world learns, helping learners achieve more than they dreamed possible. Working closely with customers all over the world, D2L is on a mission to make learning more inspiring, engaging and human. Find out how D2L helps transform lives and delivers outstanding learning outcomes in K-12, higher education and businesses.

The D2L family of companies includes D2L Inc., D2L Corporation, D2L Ltd, D2L Australia Pty Ltd, D2L Europe Ltd, D2L Asia Pte Ltd, D2L India Pvt Ltd, D2L Brasil Soluções de Tecnologia para Educação Ltda and D2L Sistemas de Aprendizaje Innovadores, S. D2 R.L de C.V., and H5P Group AS.

All D2L and H5P marks are owned by the D2L group of companies. Please visit D2L.com/trademarks for a list of D2L marks. All other trademarks are the property of their respective owners.

View original content to download multimedia:https://www.prnewswire.com/news-releases/d2l-launch-week-highlights-latest-product-releases-302763345.html

SOURCE D2L