Phenomenal Growth of Global Medically Prescribed Apps Market in Healthcare Industry by 2027

Market Research Future adds new report of “Global Medically Prescribed Apps Market Report - Forecast to 2027” it contains Company information, geographical data and Table of Content

Pathfinder Software, InnovationM, Fueled, Sourcebits, WillowTree, Y Media Labs, OpenXcell, cube LABS, ArcTouch, Contus, Intellectsoft and Savvy apps are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Medically Prescribed Apps Market.

Medically Prescribed Apps Global Market - Overview

The Global Medically Prescribed Apps Market is growing with the rapid pace; mainly due to the technological advancement in the healthcare sector. According to a recent study report published by the Market Research Future, The global market of Medically Prescribed Apps is booming and expected to gain prominence over the forecast period. The global Medically Prescribed Apps market is forecasted to demonstrate a spectacular growth by 2027, surpassing its previous growth records in terms of value with a striking double digit CAGR during the estimated period (2016 – 2027).

The main factor which is driving the Medically Prescribed Apps market is technological advancement in the segment of healthcare. Medically prescribed apps are those software that advice the people to take the necessary decision related to their health and conditions. It also helps to advice the necessary actions to make a person fit and healthy and these days, doctors recommend their patient to install the certain applications which help the patients as well as doctor to receive the information of the patient virtually.

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Medically prescribe Apps Market is a new concept in the healthcare sector which came into existence by the development of new technologies in field of mobile and personal computers. Medically prescribe apps are those application which are available on internet and can be downloaded from iOS, Google Play, windows store or other app stores. These apps help to monitor health, keep tracks of health conditions and remind about important dates related to a person health conditions and medications. A study found that there are more than 16,000 applications which are available on the various platforms related to the health and medical. Fitness application dominates the prescribe apps market with more than 35% of market share followed by the lifestyle and nutrition.

Medically Prescribed apps have various applications including reminding the patient for medication to informing the emergency service by monitoring the health of patient. These apps bought revolution in the segment of healthcare and by allowing the people to access the information on the single touch or click. Everyday companies which are involved in the development of medical apps are bringing new things which are making the process effective, smooth and cost effective. These apps are available paid as well as free.

Medically Prescribed Apps Global Market - Competitive Analysis

Characterized by the presence of several well-established and small players, the global Market of Medically Prescribed Apps appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, Technology and services. The Market demonstrates high growth potential which is likely to attract several new entrant in the market. Further resulting in intensified completion. The Key players operating in the market compete based on pricing, technology, reputation and services. These Players invest heavily in the R&D to develop a technology that is on a completely different level compared to their competition. These Key players strive to develop products with the adept technologies, unrivalled design and features.

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Medically Prescribed Apps Global Market - Segmentation

To give the insight information on Global Medically Prescribed Apps Market report, MRFR has segment the report in to 3 key dynamics –

• Segmentation By Type: Comprises Wellness Management (Diet & Nutrition, Fitness and Lifestyle & Stress), Diseases and Treatment Management apps (Healthcare Provider apps, Medication reminders apps, Women’s health & pregnancy apps, Diseases specific apps)

• Segmentation by Platform: Comprises iOS, Google Play, Windows store

• Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World

Medically Prescribed Apps Global Market - Regional Analysis

North America is a leading market in segment of medically prescribe apps, countries like the US and Canada which are technologically advanced in the field of IT as well as healthcare developing more applications for health monitoring, fitness, diet nutrition etc. Asia Pacific is an emerging market for medically prescribed apps. Asia pacific is having more than 1.8 billion of smartphones which is growing with the CAGR of around 5%. Japan is a developed country and plays major role in the app development where other countries like China and India which has immense opportunities for medically prescribed apps are under the developing phase. These countries are also the two biggest populated country in the world and as economy is increasing, they are opening the gates of opportunities for medically prescribed apps.

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