Patient-Centric Healthcare Application Market Trends, Growth, Size, Share and Forecast 2022-2027 – Sioux City Catholic Globe
According to the latest report of the IMARC group, entitled “Patient-Centric Healthcare Application Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global market for patient-centric healthcare applications reached US$8.62 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$30.89 billion by 2027, growing at a growth rate (CAGR) of 21.50% over the period 2022-2027.
To note: We regularly monitor 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.
- Athenasanté inc.
- Bayer Aktiengesellschaft
- Boston Scientific Society
- Hill-Rom Services Inc. (Baxter International Inc.)
- iPatientCare LLC
- Koninklijke Philips NV
- Merck & Co. Inc.
- Mobile Smith Inc.
- Pfizer 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
- Web apps
- Patient-Centric Wearable Applications
Breakdown by operating system:
- the Windows
Breakdown by application:
- wellness management
- Management of diseases and treatments
Breakdown by end user:
- home use
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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