What Has Been The Historical And Current Growth Of The Patient Centric Healthcare App Market?
The patient centric healthcare app market has seen considerable growth due to a variety of factors.
•The market size for applications focused on patient-centric healthcare has witnessed significant growth in the past few years. It is expected to expand from $21.37 billion in 2024 to $28.96 billion in 2025, with a compound annual growth rate (CAGR) of 35.5%.
Factors contributing to the expansion during the historic period include digitalization advancement, escalating healthcare expenses, patient empowerment, the need for convenience, and challenges in accessing healthcare services.
What Is The Forecast For The Patient Centric Healthcare App Market By 2029?
The patient centric healthcare app market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of patient-centric healthcare apps is predicted to exponentially rise in the coming years, reaching a value of $105.44 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 38.1%.
This growth over the projected period can be credited to the broadening of telemedicine, integration of IoT devices, personalized therapy regimens, forecasted health analytics, and the use of blockchain for protecting data. The major trends for this period will maintain an emphasis on data protection, care models centered on value, compatibility with wearable devices, personal health records (PHR), with a keen attention to user experience (UX).
What Are The Essential Drivers Behind The Growth Of The Patient Centric Healthcare App Market?
The surge in demand for telehealth and mobile health services is anticipated to spur the expansion of the patient-centric healthcare app market. These services utilize telecommunication technologies, such as video calls, mobile apps, and remote tracking devices, to deliver healthcare services and enable remote access to medical information. Various patient-centric healthcare apps incorporate these services to offer accessible and convenient healthcare. They provide services like remote consultations, urgent care and triage, mental health assistance, collection of patient-provided health and behavioral indicators, and emphasize management objectives. For instance, the Supportive Care ABA, a home healthcare agency from the US, reported in March 2023 that between 13% to 17% of US patients were using telehealth services in 2021, amounting to 24.2 million persons in 2021 and increasing to 27.6 million by 2022. Additionally, according to Vicert d.o.o., a digital health solutions software company based in the US, in December 2022, 62% of smartphone holders had health apps in 2022, 77% of adults accessed health information, and 3,50,000 mobile health apps were available. Thus, the increasing demand for telehealth and mobile health services is propelling the expansion of the patient-centric healthcare app market.
How Is The Global Patient Centric Healthcare App Market Divided Into Key Segments?
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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What Trends Are Reshaping The Future Of The Patient Centric Healthcare App Market?
The increasing prominence of technological health solutions is a significant trend in the patient-centric healthcare app market. To maintain their competitive edge, leading companies in this market are creating innovative health technology apps. For example, in January 2023, US-based telehealth platform MyTelemedicine introduced a new site, www.mytelemedicine.com. The site offers an advanced telehealth solution that equips healthcare organizations with the ability to design their own distinct virtual care programs. The system guarantees seamless integration, delivery, and management of virtual care via a national clinical network, a modifiable telehealth platform, and a round-the-clock care coordination team. Organizations can choose to apply a turnkey solution to inaugurate services within a month or employ the API suite for personalized integration and structured workflow design to meet the needs of their user experience.
Who Are the Key Players in the Patient Centric Healthcare App Market?
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 Regional Insights into the Patient Centric Healthcare App Market?
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.
