The global demand for Patient Centric Healthcare App Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
A patient-centric healthcare app is a software application that offers health-related services to cater to individual values, needs, and preferences of a patient via smartphones, wearables, and other web-based devices. It can also be used to get relevant advice regarding nutrition and fitness. The app provides virtual healthcare by delivering timely medical attention to patients via telemedicine consultations, regular check-ins during the treatment, remote health data monitoring, online treatment, and prescription adjustment. This app has a facility to provide information and respond to patients' questions and is accessible both at home and on the go.
Increase in chronic disease, availability of low cost, convenient healthcare devices, a paradigm shift from clinical-centric to patient-centric healthcare, and the growing popularity of virtual healthcare will be the primary factors leading this market. The advancement in wireless communications, video conferencing, streaming media, mobile solutions, AI, and IoT technologies and their applications in the healthcare sector will boost the market growth. The ability to access information and tools related to any disease and choose and decide the medical treatment method that suits one's lifestyle and health conditions will benefit this market's growth. Patient-centric healthcare will continue to grow soon since it is a qualitative method that offers positive outcomes to both the medical and business communities. The various barriers affecting this market's growth are regulatory uncertainties, data safety & privacy, security, lack of standardization, low levels, and lack of health and digital literacy.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of patient centric healthcare app.
The entire patient centric healthcare app market has been sub-categorized into technology, operating system, category and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Operating System
- Phone-Based Apps
- Web-Based Apps
- Wearable Patient Centric Apps
By End User
- Wellness Management
- Diseases & Treatment Management
- Home Use
This section covers regional segmentation which accentuates on current and future demand for patient centric healthcare app market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Patient Centric Healthcare App Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the patient centric healthcare app market include Allscripts Healthcare Solutions, Inc., Bayer AG, International Business Machines Corporation (IBM), iPatientCare, Inc., lick Inc., Koninklijke Philips N.V., Merck & Co., Inc., MobileSmith, Inc., Novartis AG, Pfizer Inc., Siemens AG. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.