According to Research Dive analysis, the global patient centric healthcare app market is estimated to generate a revenue of $3, 85,767.5 million by 2031 increasing from $35,552.0 million in 2019, at a healthy CAGR of 34.90%.
Impact Analysis of COVID-19 on the Global Patient Centric Healthcare App Market:
The global patient centric healthcare app market experienced a high growth rate during the COVID-19 pandemic. Due to strict lockdown rules by government bodies of countries across the globe, people were totally dependent upon digital devices to stay connected for any kind of medical emergency. Thus, patients across the globe have adopted patient centric healthcare apps for managing the long-term diseases such as hypertension and diabetes. Moreover, launching of different healthcare for tracking the risk of infection. Therefore demand for patient centric healthcare app has increased during the pandemic.
Patient Centric Healthcare App Market Analysis:
The global patient centric healthcare app market experienced an appreciable growth due to the penetration of smartphones across the globe. Also, rising popularity of digitalized health checks, affordability of smartphones, and wireless technologies is supporting the demand in the global patient centric healthcare app market. Moreover, a research journal of Medical Internet, on December 2020, stated that mobile apps are valuable tools for healthcare citizens and professionals to overcome any kind of health emergency. Such type of research may lead to a surge in the demand for patient centric healthcare app and market growth during the analysis frame.
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Consciousness of privacy & data safety and lack of technical knowledge about how to use patient centric healthcare app will be one of the restricting factors which may create a negative impact on the market during the forecast period.
The patient centric healthcare app industry is growing rapidly owing to increasing per capita income accelerating the consumer spending on personal care and fitness trends. Moreover, rising the fame of telemedicine is also one of the elements boosting the global patient centric healthcare app. Telemedicine is virtual healthcare for delivering medical consultation via phone call for regular checkups, treatment, prescription and health data monitoring. Thus, key players operating in patient centric healthcare app market are opting for various product innovations to provide best healthcare app to hold a leading position. For instance, acute care, secondary healthcare medical branch, on April 2020 announced that they are in partnership with SCP Health, healthcare company in US for providing the telemedicine in any kind of health emergency. This type of technological advancements may increase the growth of the sector during the forecast period.
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Based on technology, the global market for patient centric healthcare app platform is divided into phone-based apps, web-based apps and wearable patient centric. The phone-based apps type sub-segment is predicted to have a dominating market share in the global market and it is anticipated to generate a revenue of $1,74,411.10 million by 2027.
Based on operating system type, the market is classified into the iOS, android, windows and others. The android sub-segment is predicted to show the dominant market and it garnered $1,80,893.00 million in 2027 and is projected to grow exponentially.
Based on end-user type, the market is classified into hospitals, clinics and home use. The home-use sub-segment of the global patient centric healthcare app market is predicted to have rapid growth and it is expected to surpass $1,82,116.30 million by 2031
Based on geographical scope, the market was investigated across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific
patient centric healthcare app market is anticipated to rise at a growth rate of 36.10% by 2027 from the revenue generated in 2019.
The companies involved in the global patient centric healthcare app market are Pfizer, Johnson & Johnson Services, Inc., IBM, Novartis AG, Bayer AG, Cisco Systems, Inc., iPatientCare, Google Inc., Philips and Klick Inc.
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