Patient-Centric Healthcare Application Market Size, Share, Growth Overview, Growing Demand and Healthy CAGR in Future Forecast 2027
The global patient-centric healthcare application market is valued at around USD 4.7 billion in 2019 and is expected to grow with a healthy growth rate of over 37.2% over the forecast period 2020-2027. The patient-centered method plays an important role in the well-being of a patient by providing optimal and quality health care. Due to digitization and advancements in healthcare technology, there is also an increase in the inclination towards patient-centric care which has enabled the development of patient-centric healthcare applications. These apps are well-designed and help in providing information and services to patients regarding their health. It also offers access to health records, help with medication management, and allows patients to manage their health. Thus, these apps help streamline the work of medical researchers and doctors. Rising prevalence of chronic diseases such as diabetes and cardiovascular disorders, along with rising health awareness among patients are the few factors responsible for the high CAGR of the market over the forecast period.
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According to the International Diabetes Federation, the number of adults with diabetes worldwide was around 415 million in 2015, and this number is expected to rise to nearly 578 million by 2030. Similarly, according to the World Diabetes Organization health (WHO), the prevalence The number of people with diabetes has increased from 108 million in 1980 to 422 million in 2014. This, in turn, is expected to enhance the demand for the application of patient-centered healthcare, to worldwide. Furthermore, increasing number of app users followed by growing smartphone penetration is also the major factor fueling the growth of the market across the globe. According to industry estimates cited by the FDA, about 500 million smartphone users worldwide use a healthcare app in 2015, and that estimate rises to almost 50% of the more than 3.4 billion. smartphone and tablet users by 2018, including healthcare professionals, patients and healthcare consumers. Hence, this factor further accelerates the adoption of patient-centric healthcare applications among people. However, high cost of patient-centric approach and lack of education of medical professionals are the few factors hindering the growth of the market during the forecast period 2020-2027.
Key Players Covered in the Patient-Centered Healthcare Application Market Report are:
Allscripts Healthcare Solutions, Inc.
International Business Machines (IBM) Corp.
Koninklijke Philips NV
Merck & Co.
Novartis International AG
Market segmentation :
Market has been isolated by use of type, software application and region; the survey gives a sensitive picture of the patient-centric healthcare application market. The market was researched for the possibility of timing reviews, eventually the regions were dissected on modern and destiny examples. The irrefutable hobby and intended for North America, Europe, Asia-Pacific, Latin America, Central East and Africa is remembered for the territorial branch.
Patient-Centric Healthcare Application Market Segmentation:
Phone based applications
Patient-Centric Wearable Applications
By operating system:
Management of diseases and treatments
Per end user:
Regional analysis covered in this report:
- North America [United States, Canada]
- Europe [Germany, France, U.K., Italy, Russia]
- Asia Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
- Latin America [Mexico, Brazil, Argentina]
- Middle East and Africa [Turkey, Saudi Arabia, UAE]
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The Patient Centered Healthcare Application Market assessments consist of an examination of the Affiliate Market Percentage to be Offered and a Massive Picture of Key Business Players during the forecast period 2021- 2027. The reviews also cover crucial market improvements such as critical market upgrades such as acquisitions and consolidations, innovation shipments, preparations, institutions, coordinated efforts and joint efforts, works of modern art and the geographic development of huge market players on an international and local basis. The patient-centered healthcare application market document additionally amalgamates an interesting example and deranged portfolio evaluation of numerous establishments using the neighborhood.
Key Highlights of the Patient-Centered Healthcare Application Market Report
- Consequences and critical considerations have been represented for preferred large enterprise designs, allowing partners throughout the load chain to install compelling extended transportation plans.
- Create/modify business development plans that take advantage of large development openings in created and new regions as much as possible.
- Look at them through massive market examples and an all-spherical mindset, following the usage and prescribing factors of patient-centric healthcare application market.
- In addition, promote the first-rate cycle the use of facts the company strategies that help customer matters, branch, evaluation and movement.
- Opinions also covered evaluating the intricacies of market styles and customer conversion behavior, which is helpful for the affiliate to execute new structures for improvement mindset.
Table of Contents – Main Key Points
Executive Summary, Market Overview, Key Trends, Estimation Methodology, Research Hypothesis
Global Market Definition and Scope, Currency Conversion Rates
Global Competitor Landscape by Players
Global Market Dynamics, Drivers, Challenges, Opportunities
Global Market Industry Analysis, Porter’s 5 Forces Model, PEST Analysis, Investment Adoption Model
Global Market Analysis, By Type, By Application, By Region
Competitive intelligence, key market strategies, company profiles
Research process, attributes and hypothesis
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