- The global patient centric healthcare app market is estimated to witness massive growth in forecast period, due to increased usage of smartphones around the world. The Asia Pacific region to foresee significant growth by 2027.
NEW YORK, Aug. 27, 2021 /PRNewswire/ -- Research Dive in its latest published report estimates that the Global Patient Centric Healthcare App Market will generate $385,767.5 million and exhibit a CAGR of 34.9% from 2020 to 2027.
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Market Dynamics
The number of smartphone users have increased all over the globe in the recent times, which is one reason for increasing demand for personalized care apps. Besides, patient centric apps are convenient and have lower costs, which is increasing the demand for patient centric healthcare apps. These factors are predicted to propel the growth of the global patient centric healthcare app market in the analysis period. Furthermore, technological advancements and rising trend towards fitness are factors projected to create huge growth opportunities in the global industry in the coming years. However, the lack of guidance and awareness to use personalized care apps among people is the restraining factor for the global market growth.
Impact of COVID-19 Pandemic on the Patient Centric Healthcare App Market
The COVID-19 outbreak has positively impacted the global patient centric healthcare app market during the pandemic as the novel coronavirus highlighted the importance of digital health. The increase in the growth rate of the market is majorly attributed to technological advancements in designing of healthcare apps to help in maintaining communication between health professionals and patients. In addition, the lockdown and social distancing measures has increased the demand for patient centric healthcare apps. Moreover, many government as well as non-government organizations are coming forward with various strategies to help societies to recover from the pandemic situation. For instance, the Indian government launched 'Aarogya Setu,' a mobile-based app to help people in COVID-19 contact tracing, syndromic mapping, and self-assessment.
Access our comprehensive analysis of the IMPACT OF COVID-19 ON PATIENT CENTRIC HEALTHCARE APP MARKET
Key Segment Findings of the Market:
The research report segments the global patient centric healthcare app market into technology, operating system, end-user, and region.
- Based on technology, the wearable patient centric app sub-segment is projected to witness fastest growth and reach up to $136,449.5 million by 2027, owing to growing interest of people towards health, well-being, and fitness.
- Based on operating system, the android sub-segment is anticipated to hold the largest share in the global market and generate $180,893.00 million in the analysis period. This is mainly due to rise in number of android users coupled with increasing usage of telehealth and telemedicine apps across the globe.
- Based on end user, the home-use sub-segment valued for $182,116.3 million and is projected to have rapid growth during the forecast period. This is mainly due to rising prevalence of home-based remote patient monitoring apps and growing usage of mobile health apps in the recent times.
- Based on region, the Asia Pacific patient centric healthcare app market is predicted to witness fastest growth and grow at a CAGR of 36.1% over the forecast period. The rapid growth of the region is attributed to growing adoption of telemedicine, significant increase in digitalization, and rapid adoption of latest technologies.
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Top 10 Key Players of Patient Centric Healthcare App Industry
The prominent players of the global patient centric healthcare app industry include
- Klick Inc.
- Pfizer
- Philips
- Johnson & Johnson Services, Inc.
- Google Inc.
- IBM
- iPatientCare
- Novartis AG
- Cisco Systems, Inc.
- Bayer AG.
-Inquire and Get Quick Access to Top Companies Development Strategies Summary Report
These players are focusing on mergers, collaborations, product development, and launches to gain a competitive in the global market.
For instance, in June 2019, Innomar Strategies, the leading patient support provider for specialty pharmaceuticals in Canada, announced the launch of a mobile app namely, 'Chronically Simple' that helps individuals with chronic conditions to store as well as manage diagnostic images, health records, and test results online.
They are focusing on advanced product developments and merger & acquisition. These are some of the strategies conducted by the startups as well as established business organizations.
More about Patient Centric Healthcare App:
Patient Centric Healthcare App: A Smart Solution to Several Medical Challenges
Global Patient Centric Healthcare App Market to Experience Accelerating Growth by 2027, Due to Increasing Demand for Personalized Care Applications and the Rising Smartphone Penetration Across the Globe
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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