The healthcare app market is on course for solid growth over the next five years, tipping the market past $4,730 million in 2019, and is expected to reach $64,331 million by 2027, registering a CAGR of 37.2% from 2020 to 2027.
Surge in demand for patient centric ecosystem, rise in smartphone penetration, and increase in collaboration among healthcare providers, app developers, and others drive the growth of the global patient centric healthcare app market. In addition, the growth in demand for personalized care apps fuels the market growth. On the other hand, time consuming and expensive approach, inadequate ratio of supply to demand, and lack of adequate training impede the growth to some extent. Nevertheless, increase in awareness regarding innovative patient centric and rise in the transition toward digitalized healthcare are expected to create lucrative opportunities for the key market players.
Download Sample Report with Detailed COVID-19 Impact Analysis at:
- The nationwide lockdowns have resulted in closure of gyms and other fitness related facilities. This has led to increase in the use of patient centric healthcare apps.
- The growing health and fitness concerns among e people have further expanded the requirement of these apps.
The android segment to dominate by 2027-
Based on operating system, the android segment accounted for nearly half of the global patient centric healthcare app market revenue in 2019 and is expected to rule the roost by the end of 2027. In addition, the same segment is estimated to register the fastest CAGR of 38.0% throughout the forecast period. The factors such as increase in android based phone users, especially in countries such as China, Indonesia, and India, and surge in disposable income of people in developing countries drive the growth of the segment.
The home use segment to maintain the dominant share-
Based on end-user, the home use segment contributed to more than two-fifths of the global patient centric healthcare app market share in 2019 and is anticipated to lead the trail by 2027. Furthermore, the segment is also anticipated to portray the fastest CAGR of 38.2% till 2027. This is owing to rise in awareness related to benefits of fitness management apps and surge in prevalence of diseases such as diabetes and hypertension which require regular management at patient’s end.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/2015
North America garnered the major share in 2019 –
Based on geography, North America garnered the highest share in 2019, generating more around one-third of the global patient centric healthcare app market. This is due to rise in mobile phone penetration which aid in more healthcare app downloads and usage, and presence of majority of key players. Simultaneously, Europe would manifest the fastest CAGR of 38.9% during the study period, owing to the fact that various health and wellness assisting mobile apps are getting launched in these countries. Furthermore, rise prevalence of chronic diseases and surge in emergence of new entrants in UK also boost the growth of the market.
Key players in the industry-
- Allscripts Healthcare Solutions, Inc.
- Bayer AG
- International Business Machines Corporation (IBM)
- iPatientCare, Inc.
- Klick Inc.
- Koninklijke Philips N.V.
- Merck & Co., Inc.
- MobileSmith, Inc.,
- Novartis AG
- Pfizer Inc.
- Siemens AG.
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Medical Device Coatings Market – Global Opportunity Analysis and Industry Forecast, 2020–2027
Electrocardiograph Market – Global Opportunity Analysis and Industry Forecast, 2019-2026
Surgical Equipment Market – Global Opportunity Analysis and Industry Forecast, 2019-2026
TAVI Market – Global Opportunity Analysis and Industry Forecast, 2019–2026
Medical Spa Market – Global Opportunity Analysis and Industry Forecast, 2019-2026
Migraine Drugs Market – Global Opportunity Analysis and Industry Forecast, 2019–2026
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research