Healthcare Apps Market Next Big Thing | Major Giants- Abbott, Lybrate, Portea Medical

A latest survey on Healthcare Apps Market is conducted to provide hidden gems performance analysis. The study is a perfect mix of qualitative and quantitative information covering market size breakdown of revenue and volume (if applicable) by important segments. The report bridges the historical data from 2014 to 2019 and forecasted till 2025*. The outbreak of covid-19 in global market haves made companies uncertain about their future secario as the prolonged lock-down finds serious economic slump. Some are the key & emerging players that are part of coverage and have being profiled are Abbott India Ltd., HealthifyMe Wellness Pvt. Ltd., Infomoko Technology Pvt. Ltd., Kare4u Healthcare Solutions Pvt. Ltd., Lybrate India Pvt. Ltd., MediIT Health Solutions India Pvt. Ltd, One Eighty Aamoksh Technologies Pvt Ltd., Portea Medical, Practo Technologies Pvt. Ltd., Zoctr Health Pvt. Ltd.

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The consumer landscape in the healthcare industry in India is expected to evolve during the 2019-2024 period. A paradigm shift is anticipated from volume-based care (fee-for-service healthcare, being independent of the service quality) to value-based care (healthcare providers are charged based on patients’ health outcomes). Stakeholders in the Indian healthcare ecosystem are focusing on leveraging healthcare apps to make up for the inadequacies in healthcare infrastructure.

Increasing focus on patient-centric care, emergence of advanced technologies, and changing business models have played a crucial role in driving the healthcare apps market in India. In terms of revenue, the healthcare apps market in India was valued at INR 27.01 Bn in 2018 and is estimated to reach INR 138.00 Bn by 2024, expanding at a CAGR of 31.61% during the 2019-2024 period.

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Market influencers:
Digital transformation in the country, coupled with substantial support from the government, has fueled the growth of the healthcare apps market in India. The increase in digital reach in the country has been replicated by a swift growth in the number of mobile subscribers and Internet users in the country. The number of mobile application downloads has increased at an exponential rate from 6.5 Bn in 2016 to 12.1 Bn in 2017. Internet service providers are offering mobile data at a low price to sustain in the competitive market, resulting in a monthly data consumption per unique connection, from 86 MB in 2014 to 8,320 MB in 2018. Thus, the increase in Internet density and rise in the number of Internet users are driving the healthcare apps market in India.

Competitive insights
The highly competitive healthcare apps market in India is fragmented with the presence of various small and medium-sized players. The prospective market has motivated several non-healthcare companies, including IT and software development companies, technology companies, and app development agencies to begin their operations in the country. However, the market is yet in a nascent stage, and thus, players are experimenting with different business models to accomplish monetization. Among various models, licensing, third party app development, in-app advertising, and pay-per-download have achieved significant success.

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Some extract from Table of Contents
• Overview of Healthcare Apps Market
• Healthcare Apps Size (Sales Volume) Comparison by Type (2019-2025)
• Healthcare Apps Size (Consumption) and Market Share Comparison by Application (2019-2025)
• Healthcare Apps Size (Value) Comparison by Region (2019-2025)
• Healthcare Apps Sales, Revenue and Growth Rate (2019-2025)
• Healthcare Apps Competitive Situation and Trends
• Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
• Analyze competitors, including all important parameters of Healthcare Apps
• Healthcare Apps Manufacturing Cost Analysis
• Marketing Strategy Analysis, Research Conclusions

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Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.

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