Patient-Centric Healthcare Application Market 2022-2027: Industry
According to IMARC Group’s latest report, titled “Patient-Centric Healthcare Applications Market Report: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, the global patient-centric healthcare applications market Patient-Centered Healthcare reached US$8.62 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$30.89 billion by 2027, showing a rate of growth (CAGR) of 21.50% over the period 2022-2027.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
The patient-centric healthcare application (app) offers health-related services that meet individual needs and help healthcare professionals access information and establish communication at the point of care. It is used to monitor many aspects of the patient’s health, which helps in managing chronic diseases, such as diabetes and arthritis, and leading a healthy lifestyle. It also provides virtual guidance to the patient and helps track their calorie count, blood sugar readings, carbs, and dehydration levels. In addition, it reduces healthcare expenses and facilitates electronic data interchange (EDI) with clinicians. As a result, the demand for healthcare applications for patients is increasing all over the world.
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Patient-Centered Healthcare Application Market Trends and Drivers:
The growing global geriatric population and rising prevalence of chronic medical conditions, such as diabetes, cancer, and rheumatoid arthritis, is currently representing one of the major factors positively influencing the market. These chronic diseases require continuous monitoring of physiological changes for proper diagnosis and medication. Apart from this, the expanding patient-centric ecosystem due to growing collaborations between mobile developers and healthcare experts is driving the market. Moreover, rapid digitization and the extensive use of smartphones, tablets and laptops are increasing the rate of installation of patient-centric healthcare applications. These applications are compatible with iPhone (iOS), Android and Windows operating system, which creates many growth opportunities for the major players in the market. Additionally, these apps help healthcare professionals with information management, time management, health record maintenance and access, communications and counseling, referral and information gathering, clinical decision-making, patient monitoring, and medical education and training. This, in turn, encourages developers to constantly improve their services, which enhances market growth. Apart from this, the app provides file sharing services and cloud-based storage, which allows users to store, update and share documents and photographs with healthcare providers without exchanging any physical memory device. With this in mind, the growing awareness among individuals to maintain a healthy lifestyle is catalyzing the need for such apps, as they help track sleep patterns, water intake levels, and physical activity. These apps also allow users to approach smoking cessation by tracking the associated health and financial benefits and providing inspirational tips and memory games to resist cravings. Furthermore, advancements in information technology (IT) and introduction of remote patient monitoring facilities and 5G-enabled devices with wearable sensors are expected to create favorable market prospects in the coming years.
Competitive Analysis and Segmentation of the Patient-Centric Healthcare Application Market 2022-2027:
The competitive landscape of the industry has also been examined along with the profiles of key players.
Allscripts Healthcare Solutions Inc.
Boston Scientific Society
Hill-Rom Services Inc. (Baxter International Inc.)
Koninklijke Philips NV
Merck & Co. Inc.
Mobile Smith Inc.
Siemens Healthineers AG (Siemens AG).
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The report has segmented the market based on technology, operating system, application, and end user.
Breakdown by technology:
Phone based applications
Patient-Centric Wearable Applications
Breakdown by operating system:
Breakdown by application:
Management of diseases and treatments
Breakdown by end user:
Breakdown by region:
Middle East and Africa
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