Chat with us, powered by LiveChat

Loading...

Patient Centric Healthcare App Market Report

RA02140

Patient Centric Healthcare App Market by Technology (Phone-based Apps, Web-based Apps, and Wearable Patient Centric Apps), Operating System (iOS, Android, Windows, and Others), Category (Wellness Management and Disease & Treatment Management), End User (Hospitals, Clinics, and Home Use), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027
Update Available On-Demand

RA02140

Pages: 240

Jun 2021

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Patient Centric Healthcare App Market

Global Patient Centric Healthcare App Market Analysis

The global patient centric healthcare app market is predicted to garner $3, 85,767.5 million in the 20202027 timeframe, growing from $35,552.0 million in 2019 at a healthy CAGR of 34.90%.

Market Synopsis

Strategic alliances among market players, along with growing penetration of smartphones, is expected to accelerate the growth of the patient centric healthcare app market.

However, lack of awareness and guidance for using patient centric healthcare apps are some growth-restricting factors for the global patient centric healthcare app market.

According to the regional analysis, the Asia-pacific patient centric healthcare app market is anticipated to grow during the review period due to rising acceptance of advance healthcare technologies in the region.

Patient Centric Healthcare App Overview

Patient centric healthcare apps are smartphone applications that can provide virtual guidance and health information such as timing of medicine dosage, dehydration levels in body, calorie consumption and other parameters of the body. Therefore, patient centric healthcare apps are used to increase the efficacy, quality, and effectiveness of healthcare.

Impact Analysis of COVID-19 on the Global Patient Centric Healthcare App Market

The novel coronavirus pandemic’s devastating effect on several industries highlighted the importance of digital health. Therefore, patient centric healthcare app market is estimated to experience a high growth rate during the COVID-19 pandemic, because these apps are designed in such a way that they help to maintain communication between health professionals and patients about their wellbeing. Also, strict guidelines of Centers for Disease Control and Prevention (CDC) and World Health Organization (WHO) for less physical contact between the patient and healthcare professional will increases the use of patient centric healthcare app. Therefore, the importance of virtual health has skyrocketed, thus driving the growth of the market.

In addition to this, many government and non-government organizations are coming forward to help societies to recover from the pandemic situation with their strategies. On April 2020, government of India launched Aarogya Setu, a mobile based application that is designed in such a way that Indian citizens can connect to each other digitally during the crucial time of COVID-19. Also, this app can trace and self-assess people to identify the proximity of infection across them. The above stated elements show that the pandemic may generate huge investment opportunities in the market in the coming years.  

Increasing Penetration of Smartphones to Surge the Market Growth

The global patient centric healthcare app industry is witnessing massive growth mainly due to increase in the usage of smartphones owing to higher demand for personalized care apps. Moreover, lower cost of patient centricity apps and their convenience is driving the adoption of patient centric healthcare app.

The emergence of mobile healthcare apps is already leading market players to innovate strategies to attract customers. For example, Careology, IT firm in US, in July 2019 announced that they have launched different range of AI enabled wearable apps, for tracking the health of cancer patients. These types of initiatives from market leaders are also predicted to drive the growth of the market.

To know more about global patient centric healthcare app market drivers, get in touch with our analysts here.

Lack of awareness and Guidance to Restrain the Market Growth

Lower adoption of technology and lack of health literacy in choosing the right app may create a negative impact on the growth of the market during the forecast period.  

Growing Trends of Fitness Apps to Create Massive Investment Opportunities

The global patient centric healthcare app market is growing at a very fast pace due to rising awareness pertaining to hygiene and health. According to an article of World Economic Forum, published on September 2020, fitness related apps are trending across the globe and their users have increased by 46%. Moreover, rising popularity of patient centricity, development of apps, healthcare professionals, medicine industry, mobile vendors along with their partnership and collaboration are major growth accelerating factors of the patient centric healthcare app, thereby positively affecting the market growth.

To know more about global patient centric healthcare app market opportunities, get in touch with our analysts here.

Patient Centric Healthcare App Market
By Technology

Your browser does not support the canvas element.

Based on technology, the market has been divided into Phone-Based Apps,web-based apps, and wearable patient centric apps sub-segments of which the Phone-Based Apps sub-segment is projected to generate the maximum revenue during the review period and wearable patient centric sub-segment is the fastest growing among all the other sub-segments.

Source: Research Dive Analysis

The phone-based apps type sub-segment is predicted to have a dominating market share in the global market. The sub-segment is expected to register a revenue of $1, 74,411.10 million during the forecast period. Penetration of smartphones for delivering healthcare services is rising now-a-days, because phone-based apps are used in diagnosis and monitoring of patients in areas such as stress management, weight management, dealing with chronic conditions and smoking cessation. Moreover, key players operating in the market are adopting strategic collaborations to offer best type of phone-based app services to customers. For instance, CAREMINDr, a health IT Company in August 2020 announced that they have launched a mobile-based remote monitoring system for patients that are dealing with, conditions such as chronic diseases, diabetes and hypertension. The mobile-based remote monitoring system, keep track of their patients’ health virtually; these factors and strategic alliances by key companies may bolster the growth of segment during the forecast period. 

The wearable patient centric type is anticipated to have the fastest market growth and it is predicted that the market shall generate a revenue of $1,36,449.5 million by 2027, growing from $12,082.9 million in 2019. The growth of the wearable patient centric segment for the global patient centric healthcare app market is mainly attributed to rising interest of people towards health, fitness, and well-being. Also, digital devices such as sensors, smart watches, radar technologies, will help in measuring the risk of blood pressure, temperature, heart rate and other types of life threating situations. Such key factors may have significant impact on market growth during the projected period.

Patient Centric Healthcare App Market
By Operating System

Your browser does not support the canvas element.

On the basis of operating system, the market has been sub-segmented into iOS, Android, windows, and others. Among the mentioned sub-segments, the Android sub-segment is predicted to show a dominant market share and iOS sub-segment is predicted to be the fastest growing market among all the other sub-segments.

Source: Research Dive Analysis

The iOS sub-segment of the global patient centric healthcare app market is projected to have the fastest growth and it is also projected to surpass $1,19,698.40 million by 2027, with an increase from $10,640.90 million in 2019. This growth in the market can be attributed to rising iOS operating system users, availability of healthcare apps, their interactive features and ubiquitous nature. Moreover, trendy lifestyles for high-income countries increases the usability of iOS operating systems. All such elements may increase the demand for digital healthcare apps and further surge the market growth.  

The android sub-segment is anticipated to have a dominating market share in the global market and register a revenue of $1,80,893.00 million during the analysis timeframe. In recent years, number of android users has been increasing and therefore use of android for telehealth and telemedicine has also seen a surge. Also, availability of different types of apps for healthy lifestyles such yoga, workouts, fitness tracking and nutrition tracking may create huge opportunities for the sub-segment throughout the forecast period.

Patient Centric Healthcare App Market
By End-user

Your browser does not support the canvas element.

Based on end-user type, the analysis has been divided into hospitals, clinics, and Home Use. Out of these, the Home Use sub-segment is predicted to have the fastest growth as well as dominant revenue share in the global market.

Source: Research Dive Analysis

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 2027, with an increase from $16,278.70 million in 2019 owing to increasing prevalence of home-based remote patient monitoring applications. Also, use of mobile health apps has increased in recent times, due to their availability and affordability in any emergency situations.  Moreover, strong presence of leading patient centric healthcare providers and manufacturers is fueling the market growth across the globe. For instance, LifeScan, a world leader in blood glucose monitoring, on May 2020, announced that they are in collaboration with Noom, a weight-loss app; the main aim of the partnership is to collaborate LifeScan’s digital health devices to Noom’s technology. All such factors are expected to flourish the global market in upcoming years.

Patient Centric Healthcare App Market
By Region

Your browser does not support the canvas element.

The patient centric healthcare app market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Source: Research Dive Analysis

The Market for Patient Centric Healthcare App in Europe to be the Most Dominant

The patient centric healthcare app market in Europe accounted $10,736.70 million in 2019 and is projected to register a revenue of $1,19,587.90 million by 2027. The extensive growth of the Europe patient centric healthcare app market is mainly driven by higher disposable incomes of people in this region with existence of top leading brands augmenting the industry growth in the region. Moreover, the strong presence of leading patient centric healthcare app providers and manufacturers that offer trending fitness and healthcare apps is fueling the market growth across the globe. These factors will ultimately drive the demand in the patient centric healthcare app market across the region.    

The Market for Patient Centric Healthcare App in Asia-Pacific to be the Fastest Growing

The share of Asia-Pacific patient centric healthcare app market is anticipated to grow at a CAGR of 36.10% by registering a revenue of $1,11,101.00 million by 2027. The growth shall be a result of increasing adoption of telemedicine as well as significant rush towards digitalization and quick adoption of latest technologies. Also, innovation in products, joint ventures and private-public strategic alliances will spur the patient centric healthcare app market size in the foreseeable future. For instance, Janssen Pharmaceutical announced on September 2020, that they have launched a resource and educational hub known as “My Health Can’t Wait”, and the main aim of the hub is to inspire people for prioritizing their health and get the information they need to pursue care with confidence. All such factors will eventually foster the Asia-Pacific patient centric healthcare app market in the upcoming years.

Competitive Scenario in the Global Patient Centric Healthcare App Market

Product launches and mergers & acquisitions are common strategies followed by major market players. 

Competitive Scenario in the Global Patient Centric Healthcare App Market

Source: Research Dive Analysis

Some of the leading patient centric healthcare app market players are Pfizer, Johnson & Johnson Services, Inc., IBM, Novartis AG, Bayer AG, Cisco Systems, Inc., iPatientCare, Google Inc., Philips and Klick Inc.

Porter’s Five Forces Analysis for the Global Patient Centric Healthcare App Market:

  • Bargaining Power of Suppliers: The service suppliers of patient centric healthcare app market are high in number and are larger and more globalized. So, there will be less threat from the suppliers.
    Thus, the bargaining power of suppliers is low. 
  • Bargaining Power of Buyers: Buyers demand for innovative and cost-effective patient centric healthcare app that can provide best services to the customers. Thus, many suppliers are offering best yet cost –effective patient centric healthcare apps. This gives the buyers the option to freely choose apps that best fits their preference.
    Thus, the bargaining power of the buyers is high.
  • Threat of New Entrants: Companies entering the patient centric healthcare app market are adopting various innovations such as developing patient centric healthcare apps that are free to use.
    Thus, the threat of the new entrants is moderate.
  • Threat of Substitutes: There are different types of patient centric healthcare apps available for different diseases.
    Thus, the threat of substitutes is low.
  • Competitive Rivalry in the Market: The competitive rivalry among industry leaders is rather intense, especially between the global players including Pfizer and Philips. These companies are launching their value-added services in the international market and strengthening the footprint worldwide.
    Therefore, competitive rivalry in the market is high.

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2019

  Forecast Timeline for Market Projection

  2020-2027

  Geographical Scope

 North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Technology

  • Phone-Based Apps
  • Web-Based Apps
  • Wearable Patient Centric App

  Segmentation by Operating System

  • iOS
  • Android
  • Windows
  • Others

  Segmentation by End-user

  • Hospitals
  • Clinics
  • Home Use

  Key Companies Profiled

  • Pfizer,
  • Johnson & Johnson Services, Inc.,
  • IBM,
  • Novartis AG,
  • Bayer AG,
  • Cisco Systems, Inc.,
  • iPatientCare,
  • Google Inc.,
  • Philips and
  • Klick Inc.

Frequently Asked Questions
 

A. The size of the global patient centric healthcare app market was over $35,552 million in 2019 and is projected to reach $3, 85,767.50 million by 2027.

A. Pfizer, Johnson & Johnson Services, Inc. and Philips are some of the key players in the global patient centric healthcare app market.

A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.

A. Asia Pacific patient centric healthcare app market is anticipated to grow at 36.10% CAGR during the forecast period.

A. Technological development and strategic partnerships are the key strategies opted by the operating companies in this market.

A. Pfizer, Johnson & Johnson Services, Inc. are investing more on R&D activities for developing new products and technologies.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.By technology trends
2.3.By operating system trends
2.4.By end-user trends 

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Pricing overview

3.8.1.by Technology 
3.8.2.by Operating system Technology 

3.9.Market value chain analysis

3.9.1.Stress point analysis
3.9.2.Raw material analysis
3.9.3.Manufacturing process
3.9.4.Operating system analysis

3.9.5.Operating vendors
3.9.5.1.Raw material suppliers
3.9.5.2.Product manufacturers
3.9.5.3.Product distributors

3.10.Strategic overview

4.Patient Centric Healthcare Apps Market, by Technology 

4.1.Phone-Based Apps

4.1.1.Market size and forecast, by region, 2019-2027
4.1.2.Comparative market share analysis, 2019 & 2027

4.2.Web-Based Apps

4.2.1.Market size and forecast, by region, 2019-2027
4.2.2.Comparative market share analysis, 2019 & 2027

4.3.Wearable Patient Centric Apps

4.3.1.Market size and forecast, by region, 2019-2027
4.3.2.Comparative market share analysis, 2019 & 2027

5.Patient Centric Healthcare Apps Market, by operating system 

5.1.iOS

5.1.1.Market size and forecast, by region, 2019-2027
5.1.2.Comparative market share analysis, 2019 & 2027

5.2.Android

5.2.1.Market size and forecast, by region, 2019-2027
5.2.2.Comparative market share analysis, 2019 & 2027

5.3.Windows

5.3.1.Market size and forecast, by region, 2019-2027
5.3.2.Comparative market share analysis, 2019 & 2027

5.4.Others

5.4.1.Market size and forecast, by region, 2019-2027
5.4.2.Comparative market share analysis, 2019 & 2027

6.Patient Centric Healthcare Apps Market, by end-user 

6.1.Hospitals

6.1.1.Market size and forecast, by region, 2019-2027
6.1.2.Comparative market share analysis, 2019 & 2027

6.2.Clinics  

6.2.1.Market size and forecast, by region, 2019-2027
6.2.2.Comparative market share analysis, 2019 & 2027

6.3.Home Use

6.3.1.Market size and forecast, by region, 2019-2027
6.3.2.Comparative market share analysis, 2019 & 2027

7.Patient Centric Healthcare Apps Market, by Region

7.1.North America

7.1.1.Market size and forecast, by Technology , 2019-2027
7.1.2.Market size and forecast, by Operating system , 2019-2027
7.1.3.Market size and forecast, by End-user , 2019-2027
7.1.4.Market size and forecast, by country, 2019-2027
7.1.5.Comparative market share analysis, 2019 & 2027

7.1.6.U.S.

7.1.6.1.Market size and forecast, by Technology , 2019-2027
7.1.6.2.Market size and forecast, by Operating system , 2019-2027
7.1.6.3.Market size and forecast, by End-user , 2019-2027
7.1.6.4.Comparative market share analysis, 2019 & 2027

7.1.7.Canada

7.1.7.1.Market size and forecast, by Technology , 2019-2027
7.1.7.2.Market size and forecast, by Operating system , 2019-2027
7.1.7.3.Market size and forecast, by End-user , 2019-2027
7.1.7.4.Comparative market share analysis, 2019 & 2027

7.1.8.Mexico

7.1.8.1.Market size and forecast, by Technology , 2019-2027
7.1.8.2.Market size and forecast, by Operating system , 2019-2027
7.1.8.3.Market size and forecast, by End-user , 2019-2027
7.1.8.4.Comparative market share analysis, 2019 & 2027

7.2.Europe

7.2.1.Market size and forecast, by Technology , 2019-2027
7.2.2.Market size and forecast, by Operating system , 2019-2027
7.2.3.Market size and forecast, by End-user , 2019-2027
7.2.4.Market size and forecast, by country, 2019-2027
7.2.5.Comparative market share analysis, 2019 & 2027

7.2.6.Germany 

7.2.6.1.Market size and forecast, by Technology , 2019-2027
7.2.6.2.Market size and forecast, by Operating system , 2019-2027
7.2.6.3.Market size and forecast, by End-user , 2019-2027
7.2.6.4.Comparative market share analysis, 2019 & 2027

7.2.7.UK

7.2.7.1.Market size and forecast, by Technology , 2019-2027
7.2.7.2.Market size and forecast, by Operating system , 2019-2027
7.2.7.3.Market size and forecast, by End-user , 2019-2027
7.2.7.4.Comparative market share analysis, 2019 & 2027

7.2.8.France

7.2.8.1.Market size and forecast, by Technology , 2019-2027
7.2.8.2.Market size and forecast, by Operating system , 2019-2027
7.2.8.3.Market size and forecast, by End-user , 2019-2027
7.2.8.4.Comparative market share analysis, 2019 & 2027

7.2.9.Spain

7.2.9.1.Market size and forecast, by Technology , 2019-2027
7.2.9.2.Market size and forecast, by Operating system , 2019-2027
7.2.9.3.Market size and forecast, by End-user , 2019-2027
7.2.9.4.Comparative market share analysis, 2019 & 2027

7.2.10.Italy 

7.2.10.1.Market size and forecast, by Technology , 2019-2027
7.2.10.2.Market size and forecast, by Operating system , 2019-2027
7.2.10.3.Market size and forecast, by End-user , 2019-2027
7.2.10.4.Comparative market share analysis, 2019 & 2027

7.2.11.Rest of Europe

7.2.11.1.Market size and forecast, by Technology , 2019-2027
7.2.11.2.Market size and forecast, by End-user , 2019-2027
7.2.11.3.Market size and forecast, by Operating system , 2019-2027
7.2.11.4.Market size and forecast, by End-user , 2019-2027
7.2.11.5.Comparative market share analysis, 2019 & 2027

7.3.Asia Pacific

7.3.1.Market size and forecast, by Technology , 2019-2027
7.3.2.Market size and forecast, by Operating system , 2019-2027
7.3.3.Market size and forecast, by End-user , 2019-2027
7.3.4.Market size and forecast, by country, 2019-2027
7.3.5.Comparative market share analysis, 2019 & 2027

7.3.6.China

7.3.6.1.Market size and forecast, by Technology , 2019-2027
7.3.6.2.Market size and forecast, by Operating system , 2019-2027
7.3.6.3.Market size and forecast, by End-user , 2019-2027
7.3.6.4.Comparative market share analysis, 2019 & 2027

7.3.7.India 

7.3.7.1.Market size and forecast, by Technology , 2019-2027
7.3.7.2.Market size and forecast, by Operating system , 2019-2027
7.3.7.3.Market size and forecast, by End-user , 2019-2027
7.3.7.4.Comparative market share analysis, 2019 & 2027

7.3.8.Australia 

7.3.8.1.Market size and forecast, by Technology , 2019-2027
7.3.8.2.Market size and forecast, by Operating system , 2019-2027
7.3.8.3.Market size and forecast, by End-user , 2019-2027
7.3.8.4.Comparative market share analysis, 2019 & 2027

7.3.9.Rest of Asia Pacific

7.3.9.1.Market size and forecast, by Technology , 2019-2027
7.3.9.2.Market size and forecast, by Operating system , 2019-2027
7.3.9.3.Market size and forecast, by End-user , 2019-2027
7.3.9.4.Comparative market share analysis, 2019 & 2027

7.4.LAMEA

7.4.1.Market size and forecast, by Technology , 2019-2027
7.4.2.Market size and forecast, by Operating system , 2019-2027
7.4.3.Market size and forecast, by End-user , 2019-2027
7.4.4.Market size and forecast, by country, 2019-2027
7.4.5.Comparative market share analysis, 2019 & 2027

7.4.6.Latin America  

7.4.6.1.Market size and forecast, by Technology , 2019-2027
7.4.6.2.Market size and forecast, by Operating system , 2019-2027
7.4.6.3.Market size and forecast, by End-user , 2019-2027
7.4.6.4.Comparative market share analysis, 2019 & 2027

7.4.7.Middle East 

7.4.7.1.Market size and forecast, by Technology , 2019-2027
7.4.7.2.Market size and forecast, by Operating system , 2019-2027
7.4.7.3.Market size and forecast, by End-user , 2019-2027
7.4.7.4.Comparative market share analysis, 2019 & 2027

7.4.8.Africa

7.4.8.1.Market size and forecast, by Technology , 2019-2027
7.4.8.2.Market size and forecast, by Operating system , 2019-2027
7.4.8.3.Market size and forecast, by End-user , 2019-2027
7.4.8.4.Comparative market share analysis, 2019 & 2027

8.Company profiles

8.1.Pfizer

8.1.1.Business overview
8.1.2.Financial performance
8.1.3.Product portfolio
8.1.4.Recent strategic moves & developments
8.1.5.SWOT analysis

8.2.Johnson & Johnson Services, Inc. 

8.2.1.Business overview
8.2.2.Financial performance
8.2.3.Product portfolio
8.2.4.Recent strategic moves & developments
8.2.5.SWOT analysis

8.3.IBM 

8.3.1.Business overview
8.3.2.Financial performance
8.3.3.Product portfolio
8.3.4.Recent strategic moves & developments
8.3.5.SWOT analysis

8.4.Novartis AG

8.4.1.Business overview
8.4.2.Financial performance
8.4.3.Product portfolio
8.4.4.Recent strategic moves & developments
8.4.5.SWOT analysis

8.5.Bayer AG

8.5.1.Business overview
8.5.2.Financial performance
8.5.3.Product portfolio
8.5.4.Recent strategic moves & developments
8.5.5.SWOT analysis

8.6.Cisco Systems, Inc., 

8.6.1.Business overview
8.6.2.Financial performance
8.6.3.Product portfolio
8.6.4.Recent strategic moves & developments
8.6.5.SWOT analysis

8.7. iPatientCare, 

8.7.1.Business overview
8.7.2.Financial performance
8.7.3.Product portfolio
8.7.4.Recent strategic moves & developments
8.7.5.SWOT analysis

8.8.Google Inc. 

8.8.1.Business overview
8.8.2.Financial performance
8.8.3.Product portfolio
8.8.4.Recent strategic moves & developments
8.8.5.SWOT analysis

8.9.Philips

8.9.1.Business overview
8.9.2.Financial performance
8.9.3.Product portfolio
8.9.4.Recent strategic moves & developments
8.9.5.SWOT analysis

8.10.Klick Inc

8.10.1.Business overview
8.10.2.Financial performance
8.10.3.Product portfolio
8.10.4.Recent strategic moves & developments
8.10.5.SWOT analysis

Patient-centric healthcare applications are programs that provide health-related services to patients. Furthermore, these apps cater specifically to patients and provide services to them. Chronic diseases such as diabetes and hypertension are managed with the use of patient-centric healthcare apps. For example, in the case of diabetes management, patient-centric healthcare applications provide patients with services such as blood glucose monitoring, nutrition database maintenance, carbohydrate monitoring, physical activity tracking, and weight monitoring.

Impact of COVID-19 on the Market:

The severe impact of the new coronavirus pandemic on various businesses emphasized the necessity of digital health. As a result, the global patient centric healthcare app market is expected to grow rapidly during the COVID-19 pandemic, because these apps are meant to facilitate communication between health providers and patients regarding their well-being.

The use of patient-centric healthcare apps is estimated to expand as the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO) have issued stringent guidelines for reduced physical interaction between patients and healthcare professionals. Due to this, there has been an increase in the importance of virtual health, which is expected to eventually propel the market growth.

Furthermore, several government and non-government groups are stepping forward with ideas to assist society in recovering from the pandemic scenario. The Indian government, in April 2020, released Aarogya Setu, a mobile-based application, with the goal of allowing Indian citizens to connect digitally during the critical period of COVID-19. This tool can also track and self-assess people to see how close they are to infection. The aforementioned factors are estimated to create significant investment opportunities in the market in the future years.

Key Developments in the Industry

The key companies operating in the global patient centric healthcare app market are adopting business tactics & several growth strategies such as partnerships, mergers & acquisitions, launches, and collaborations, to maintain a strong position in the overall market, which is subsequently assisting the market to grow across the world.

For instance, in July 2017, BBMK technologies, a healthcare technology startup that aims to give a comprehensive, effective, and long-term approach to improving the healthcare business, announced the launch of ClotMD. It enables patients and healthcare providers to manage the therapeutic use of warfarin, a Vitamin K antagonist, using a computer or mobile device.

For instance, in September 2019, iPatientCare, a leader in cloud-based ambulatory EHR, integrated practice management, patient engagement solutions, and revenue cycle management services, announced the launch of its ‘iPatientCare Remote Patient Monitoring' system, which is accessible by mobile and the internet. Further in January 2020, iPatientCare, announced the launch of a new product suite for the Indian healthcare sector which includes a personal health record of the patients, a hospital information management system, and a clinical management system.

Forecast Analysis of Patient Centric Healthcare App Market

As per a newly published report by Research Dive, the global patient centric healthcare app market is predicted to garner $3,85,767.5 million by 2027. Strategic alliances among the key market players in the industry in addition to the increasing penetration of smartphones, is predicted to fuel the growth of the patient centric healthcare app market. Geographically, the Asia Pacific market for patient centric healthcare app is estimated to dominate the global industry, owing to the growing adoption of advance healthcare technologies in the region.

The global patient centric healthcare app market is expected to witness a healthy growth owing to the increased demand for personalized care applications and the rising smartphone penetration. Furthermore, the decreased cost of patient centricity apps, as well as their convenience, are boosting the adoption of these applications.

The introduction of mobile healthcare applications is encouraging key market players to innovate their strategies in order to attract customers. For example, in July 2019, Careology, an IT corporation based in the United States, announced the launch of a variety of AI-enabled wearable apps for cancer patients. These aforementioned factors are estimated to boost the growth of the patient centric healthcare app market in the analysis period.

On the contrary, factors such as the lack of health literacy in selecting the right application and less adoption of technology are projected to hamper the growth of this market in projected timeframe.

Key Market Players

The key players operating in the global industry include Pfizer, IBM, Johnson & Johnson Services, Inc., Novartis AG, Cisco Systems, Inc., Bayer AG, iPatientCare, Philips and Klick Inc., and Google Inc.

Purchase Options

Personalize this research

  • Triangulate with your own data
  • Request your format and definition
  • Get a deeper dive on a specific application, geography, customer or competitor
10% Off on Customization
Contact Us

Customers Also Viewed