According to the latest report by IMARC Group, titled, “Patient Centric Healthcare App Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global patient centric healthcare app market size reached US$ 10.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.4 Billion by 2028, exhibiting a growth rate (CAGR) of 20.5% during 2023-2028.
Patient centric healthcare application (app) is downloaded on mobile devices, such as smartphones and tablets, using the internet. It offers health-related services to patients by monitoring calorie count, blood glucose measurements, dehydration levels, and physical activities to maintain their well-being efficiently. It assists in managing medical diseases, including diabetes and hypertension, and facilitating electronic data interchange (EDI) with clinicians. It aids in addressing smoking cessation and keeping track of nutritional intake and vaccinations. It also enables practitioners to ensure that treatments recognize the needs and preferences of a patient.
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Patient Centric Healthcare App Market Trends and Drivers:
The increasing need for remote patient monitoring on account of the surging prevalence of viral infections and chronic diseases represents one of the major factors driving the demand for patient centric healthcare apps around the world. The growing geriatric population, which is more prone to developing severe medical ailments, is also influencing the market positively. Moreover, rapid digitization, increasing sales of smartphones for disease monitoring, high-speed internet connectivity, and improving income levels of individuals are catalyzing the demand for patient centric healthcare apps. They help provide patients with helpful information at every interaction and send healthcare tips. There is a rise in the awareness among individuals about the benefits of using mobile health (m-health). In addition, governing agencies of numerous countries are financing healthcare services to transform digitally and improve the patient experience. They are also focusing on educating individuals about health behaviors and promoting routine preventive care through wellness program campaigns. Apart from this, the increasing adoption of patient centric healthcare apps by individuals to log medications, track treatment progress, monitor side effects, and schedule follow-up appointments is creating a positive outlook for the market. Furthermore, the rising adoption of wearable medical devices among health-conscious individuals as these devices can capture and track biometric information related to health and fitness in real time is strengthening the growth of the market. Besides this, busy lifestyles and inflating income levels of individuals are shifting consumer preferences towards patient centric healthcare apps for treating various medical conditions. Additionally, the integration of artificial intelligence (AI), the internet of things (IoT), electronic health record (EHR) systems, and cloud computing solutions in patient centric healthcare apps are providing a thrust to the market growth. In line with this, the rising collaborations with healthcare experts to offer patient centric healthcare apps, which can work without an internet connection to support uninterrupted access, are contributing to the market growth.
Patient Centric Healthcare App Market 2023-2028 Competitive Analysis and Segmentation:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Allscripts Healthcare Solutions Inc.
- Athenahealth Inc.
- Bayer Aktiengesellschaft
- Boston Scientific Corporation
- Hill-Rom Services Inc. (Baxter International Inc.)
- iPatientCare LLC
- Koninklijke Philips N.V.
- Merck & Co. Inc.
- Mobilesmith Inc.
- Pfizer Inc.
- Siemens Healthineers AG (Siemens AG).
The report has segmented the market based on technology, operating system, application and end user.
Breakup by Technology:
- Phone-Based Apps
- Web-Based Apps
- Wearable Patient Centric Apps
Breakup by Operating System:
Breakup by Application:
- Wellness Management
- Disease and Treatment Management
Breakup by End User:
- Home Use
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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