Patient Centric Healthcare App Market Poised to Witness High Growth due to Rising Demand for Preventive Healthcare
Market Overview
Patient centric healthcare apps facilitate remote patient monitoring and doctor-patient communication. They provide various tools like appointment scheduling, task management, condition tracking, medication reminders, customized education etc. to empower patients to actively manage their care outside of clinical settings. With growing prevalence of chronic diseases, aging population and emphasis on preventive healthcare, these apps help improve health outcomes by delivering care that is convenient, preventive and tailored to individual needs.
The Global patient-centric healthcare app market is estimated to be valued at US$ 9,760.4 Mn in 2024 and is expected to exhibit a CAGR of 39.1% over the forecast period 2024 to 2031
Key Takeaways
Key players operating in the Patient centric healthcare app are Bayer AG, Novartis AG, Siemens Healthineers AG, Pfizer Inc., Koninklijke Philips NV, MobileSmith Inc., Merck KgaA, MFine Pvt Ltd., Athenahealth Inc., Oracle (Cerner Corporation), ASSURECARE LLC (IPATIENT CARE), Boston Scientific Corporation, International Business Machines Corporation (IBM), Allscripts Healthcare Solutions Inc., and Baxter International Inc. (HillRom Services, Inc.). Patient centric healthcare app market offers significant opportunities like high investments in digital health technologies by hospitals and pharmaceutical companies. Growing acceptance of remote monitoring and telehealth present a massive opportunity for app developers and healthcare payers to expand patient engagement and access to care. Major app developers are expanding globally by tailoring their offerings based on local languages, regulations and standards of care to gain wider reach.
Market Drivers
Rising for preventive Patient Centric Healthcare App Market Growth driver. Patient centric apps empower individuals to actively manage wellness and chronic illnesses through trackers, personalized education and remote monitoring tools which help prevent deterioration of health. Growing prevalence of lifestyle diseases like diabetes and obesity coupled with aging population drives demand for such apps to self-manage conditions. stringent regulatory requirements regarding data privacy and security along with high development and maintenance costs pose significant challenges. Technical glitches and bugs could compromise user trust. App abandonment remains a concern due lack of engagement over time. High smartphone and internet penetration is critical for seamless usage which remains inaccessible in low income regions.
The Patient centric healthcare app market is anticipated to witness high growth owing to rising demand for digital tools that facilitate preventive healthcare and empower patients to be active participants in their own care. Growing prevalence of chronic diseases, increasing focus on Outpatient care and remote patient monitoring will drive broader adoption of such apps going forward.
Segment Analysis
The Patient Centric Healthcare App Market Size and Trends can be segmented based on operating system such as Android, iOS, Windows. The Android segment currently dominates the market owing to the affordability and higher penetration of Android smartphones globally. With over 70% market share of smartphones running on Android OS, it provides the largest customer base for healthcare apps compatible with Android operating system.
Global Analysis
Regionally, the patient centric healthcare app market in North America currently accounts for the largest share due to high smartphone and internet penetration, better awareness regarding healthcare apps, and growing focus on patient-centric care model. The market in Asia Pacific is anticipated to grow at the fastest rate during the forecast period due to rising medical tourism, increasing investments by key players, growing smartphone users, and improving healthcare infrastructure in countries like India and China. Major players are expanding their presence in developing Asian markets through strategic collaborations with local hospitals and physicians to provide customized healthcare solutions.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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