United States Medical Crowdfunding Services Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 3.8 Billion by 2030, growing at a CAGR of 12.5% from 2024 to 2030.
The US Medical Crowdfunding Services Market is rapidly growing, driven by a rising demand for alternative funding solutions for medical expenses. In the current healthcare system, where insurance may not cover all costs, individuals are increasingly turning to crowdfunding platforms to meet their financial needs. The industry has witnessed a significant surge in activity, as millions of people seek financial help for medical treatments, surgeries, and long-term care. The increasing use of social media and digital platforms has contributed to this trend, enabling individuals to raise funds from friends, family, and even strangers.
The medical crowdfunding market primarily consists of platforms that facilitate donations for medical purposes. These platforms often allow users to set up personalized fundraising campaigns, where they can explain their medical situation, set a financial goal, and share updates to keep donors informed. These platforms are not just limited to one-time medical emergencies; they can also be used for long-term medical care and treatments, making them an essential tool for people facing chronic conditions.
From an industry perspective, medical crowdfunding services are seeing increasing demand across various sectors. Hospitals, healthcare providers, and non-profit organizations are realizing the potential of these services to supplement existing funding sources. Many healthcare providers have begun integrating crowdfunding options into their treatment plans, providing patients with additional financial resources. This has opened a new avenue for medical institutions to offer patients more comprehensive support.
Industries, including pharmaceuticals, medical devices, and health insurance, are also showing interest in this market. Pharmaceutical companies are leveraging crowdfunding to support patients who need access to expensive medications that may not be covered by insurance. Similarly, medical device manufacturers are using crowdfunding to finance research and development, particularly for innovative solutions that are not yet approved for widespread distribution.
The medical crowdfunding services market continues to evolve as it adapts to the needs of both individuals and industries. As technology advances and digital platforms become more integrated into daily life, the growth of medical crowdfunding is expected to continue, providing essential financial support to those in need.
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GoFundMe
Ketto
ImpactGuru
FundRazr
MedGift
CoFund Health
Milaap
JustGiving
Plumfund
WATERDROP
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Medical Crowdfunding Services Market
Emergency Medical Procedures
Chronic Illness Management
Cosmetic and Reconstructive Procedures
Experimental Treatments
Pediatric and Neonatal Care
All-or-Nothing Funding
Keep-It-All Funding
Equity-Based Funding
Donation-Based Funding
Debt-Based Funding
Individuals Seeking Personal Health Funding
Families of Patients
Healthcare Practitioners
Non-Profit Organizations
Corporate Sponsors
National Campaigns
Regional Campaigns
Local Community Campaigns
Global Medical Initiatives
Cross-Border Healthcare Funding
Dedicated Medical Crowdfunding Websites
General Crowdfunding Platforms
Social Media Platforms
Mobile Applications
Hospital and Charity Integrated Platforms
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Medical Crowdfunding Services Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Medical Crowdfunding Services Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Medical Crowdfunding Services Market, By Type
6. US Medical Crowdfunding Services Market, By Application
7. US Medical Crowdfunding Services Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Medical Crowdfunding Services Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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