Patient Centric Healthcare App Market: Find Out Top Impacting Factor of Market Growth By Opportunity and Industry Forecast, 2017-2023

Patient Centric Healthcare App Market was valued at $10,235.0 million in 2016 and is expected to reach $113,728.3 million by 2023 with a CAGR of 40.9% during the forecast period. The patient centric healthcare apps has assisted by reducing the healthcare expenditure, improving patient & doctor communication, and managing patient health efficiently. In addition, the introduction of novel patient centric healthcare apps due to the technological advancements has provided advanced management options for chronic disease patients and to maintain healthy lifestyle.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/2015

The phone based app segment accounted for about half of the global market share in 2016. Patient centric is an approach by which a healthcare system can establish a partnership among practitioners, patients, and their families to align decisions about patients health, needs, and preferences toward medicine and treatment. The patient centric healthcare apps are smartphone, web-based, and wearable applications that aid users by updating them about medication times, dehydration level in the body, calories consumed and heart beats per minute among other body parameters.

At present, mobile penetration is more than 100% in developed markets and is expected to increase in developing markets such as Asia-Pacific, Latin America, and Africa. In addition, increase in exposure to smartphones along with 3G and 4G networks further increase the use of mobile platforms in most of the sectors, especially in the healthcare systems.

Some of the other factors responsible for substantial market growth include low cost and convenience of medical devices, technological innovations, integration of wireless technologies, and affordability of smartphones, government initiatives, and increase in lifestyle diseases. Factors such as lower adoption due to lower accuracy, nascent technology in underdeveloped economies, limited reimbursement coverage, lack of technological awareness among the aging population and uncertainty in government regulations restrict the market growth to a certain extent.

The wearable patient centric app segment is growing at the fastest pace during the forecast period. This is attributed to the increase in wearable devices penetration and users in various geographical regions for wellness management. Moreover, large number of patient centric medical apps are developed for wearable devices each year contributing to the high market growth.

In the operating system segment, iOS generated the highest revenue in 2016 accounting for about half of the total share of the market, and are anticipated to continue this trend throughout the forecast period. This is due the increase in the iPhone and iPad users especially in countries such as the U.S., the UK, Canada, and others developed economies. Moreover, android operating system segment is expected to witness the highest CAGR of 44.2% during the forecast period, owing to the increase in the android devices users and cost effectiveness compared to iOS and windows devices and will majorly drive the growth in developing and underdeveloped economies.

The key players in this market have adopted collaborations as one of their key developmental strategies, among others such as acquisitions and product launches. The major companies profiled in this report include

- Allscripts Healthcare Solutions, Inc.,
- Bayer AG,
- International Business Machines Corporation (IBM),
- iPatientCare, Inc.,
- Klick Inc.,
- Koninklijke Philips N.V.,
- Merck & Co., Inc.,
- MobileSmith, Inc.,
- Novartis AG,
- Pfizer Inc. and Siemens AG.

Get Customized Report @ https://www.alliedmarketresearch.com/request-for-customization/2015

Table Of Content


Chapter: 1: INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools & models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO perspective

Chapter: 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets
3.2.2. Top Winning Strategies
3.2.3. Top Player Positioning, 2017

3.3. Porters five forces analysis
3.4. Market dynamics

3.4.1. Drivers

3.4.1.1. Increase in adoption of smartphone and tablets coupled with healthcare apps
3.4.1.2. Growth in need to control healthcare costs
3.4.1.3. Rise in incidence of chronic diseases

3.4.2. Restraints

3.4.2.1. Lack of awareness regarding digital therapeutics in developing countries
3.4.2.2. Patient data privacy concerns

3.4.3. Opportunity

3.4.3.1. Emerging markets offer significant growth opportunities

Access Full Summery @ https://www.alliedmarketresearch.com/press-release/patient-centric-healthcare-app-market.html

About Us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

This release was published on openPR.