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Patient Centric Healthcare App Market Anticipated To Witness Robust Growth, Surpassing $105.44 Billion By 2029
Patient Centric Healthcare App
What Is the Current Patient Centric Healthcare App Market Size and Its Estimated Growth Rate?
In recent times, there has been an astronomical growth in the market size of the patient-centric healthcare app. The market is expected to surge from $21.37 billion in 2024 to $28.96 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 35.5%. Factors like escalated digitalization, mounting healthcare expenses, patient autonomy, the urge for convenience, and obstacles in healthcare accessibility can be credited for the growth witnessed in the historical period.
The size of the patient-focused healthcare application market is forecasted to experience substantial expansion in the upcoming years, multiplying to $105.44 billion by 2029 with a compound annual growth rate (CAGR) of 38.1%. Growth factors for this period include the broadening of telemedicine, the merging of IoT devices, tailored health treatment programs, advanced health analytics, and the use of blockchain for data protection. The projected trends for this period include a heightened emphasis on data security, implementing value-based healthcare models, amalgamation with wearable technology, attention to personal health records (PHR), and improvement of user experience (UX).
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How Are Emerging Segments Shaping the Patient Centric Healthcare App Market Landscape?
The patient centric healthcare app market covered in this report is segmented -
1) By Technology: Phone-Based Apps, Web-Based Apps, Wearable Patient Centric Apps
2) By Deployment Model: On-Premise, Cloud-Based
3) By Operating System: iPhone Operating System (iOS), Android, Windows, Other Operating Systems
4) By Category: Wellness Management, Disease And Treatment Management, Other Categories
5) By End User: Healthcare Payers, Healthcare Providers, Patients, Vendors, Other End Users
Subsegments:
1) By Phone-Based Apps: Mobile Health Monitoring Apps, Medication Management Apps, Virtual Consultation/Telehealth Apps, Chronic Disease Management Apps
2) By Web-Based Apps: Patient Portals, Online Appointment Booking Systems, Web-Based Health Tracking and Monitoring Apps, Web-Based Health Education and Support Apps
3) By Wearable Patient Centric Apps: Fitness and Activity Trackers, Heart Rate and Blood Pressure Monitoring Apps, Sleep Monitoring Apps, Continuous Glucose Monitoring (CGM) Apps
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Which Growth Factors Are Influencing Patient Centric Healthcare App Market Expansion?
The expansion of the patient-centric healthcare app market is likely to be propelled by the escalating demand for telehealth and mobile health services. These services leverage telecommunications technologies, including video conferencing, mobile apps, and remote monitoring tools to deliver healthcare services and medical information from afar. Numerous patient-centric healthcare apps utilize these services to deliver accessible and efficient healthcare. These provide distant consultation, critical care, and triage, along with mental health assistance, collate health and behavioral metrics provided by patients, and underscore management objectives. For instance, as per the March 2023 data from Supportive Care ABA, a home healthcare agency based in the US, between 13% to 17% of US patients employed telehealth services in 2021, totaling to 24.2 million people in 2021 and projected to touch 27.6 million by 2022. Moreover, Vicert d.o.o., a digital health solutions software firm based in the US, stated in December 2022 that 62% of smartphone users had health apps in 2022, 77% of adults were obtaining their health data, and around 3,50,000 mobile health apps were available that year. Thus, a rising demand for telehealth and mobile health services is stimulating patient-centric healthcare app market growth.
Who Are the Dominant Players Across Different Patient Centric Healthcare App Market Segments?
Major companies operating in the patient centric healthcare app market include Apple Inc., Google Inc., Pfizer Inc., Johnson And Johnson Private Limited, International Business Machines Corporation (IBM), Merck And Co. Inc., Bayer AG, Novartis AG, Cisco Systems Inc., Oracle Corporation, Koninklijke Philips NV, GE HealthCare Technologies Inc., Boston Scientific Corporation, Athenahealth Inc., Siemens Healthineers AG, Klick Inc., Altoros Systems LLC, Chetu Inc., iPatientCare LLC, Appinventiv Technologies Co, QuyTech Pvt Ltd, RipenApps Technologies CO, Zco Corporation, MobileSmith Inc., Assurecare LLC, McKesson Corporation
What Are the Latest Developing Trends in the Patient Centric Healthcare App Market?
The growing popularity of technology-based health solutions is a major trend in the patient-centric healthcare app market. A key strategy of leading companies in this market is the development of unique tech health apps to maintain their market position. For example, in January 2023, MyTelemedicine, a telehealth platform based in the US, unveiled its new website, www.mytelemedicine.com. This website provides an advanced telehealth solution that allows health organizations to create customized branded virtual care programs. The platform ensures seamless integration, delivery, and management of virtual care using a nationwide clinical network, adaptable telehealth platform, and round-the-clock care coordination team. Organizations have the option to employ a turnkey solution for service initiation within a month, or use the API suite for tailored integration and workflow development according to their user interface needs.
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Which Geographic Regions Are Expected to Dominate the Patient Centric Healthcare App Market in the Coming Years?
North America was the largest region in the patient-centric healthcare app market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient-centric healthcare app market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Patient Centric Healthcare App Market?
2. What is the CAGR expected in the Patient Centric Healthcare App Market?
3. What Are the Key Innovations Transforming the Patient Centric Healthcare App Industry?
4. Which Region Is Leading the Patient Centric Healthcare App Market?
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