The patient centric healthcare app market accounted for $4,730 million in 2019, and is expected to reach $64,331 million by 2027, registering a CAGR of 37.2% from 2020 to 2027.
An app or application is defined as a small specialized program designed to perform a particular purpose. Furthermore, these apps are downloaded on gadgets such as mobile phones and tablets. Similarly, patient centric healthcare apps are defined as programs that offer health related services. In addition, these apps particularly target patients and offer services to patients. Some patient centric healthcare apps are used in management of chronic diseases such as diabetes and hypertension. For instance, in case of management of diabetes, patient centric healthcare apps offer services to patients such as tracking blood glucose measurements, maintaining nutrition database, carbohydrate tracking, physical activity, and weight tracking. Furthermore, these apps also provide the option of sharing data with clinicians or peers. Moreover, there are broadly two major category of patient centric apps. For instance, wellness management and disease & treatment management which run on different type of operating systems such as iOS, android, and windows.
Rise in demand for patient centric ecosystem, where app developers, mobile vendors, and healthcare professionals, along with the medicine industry collaborate to offer a patient centric approach in the medical sector boost the patient centric healthcare app market growth. In addition, rise in smartphone penetration, surge in demand for personalized care apps, and rapid digitalization globally is expected to supplement the market growth. However, expensive changeover to patient centric approach, lack of adequate training to healthcare professionals, and insufficient supply to demand ratio hamper growth of the market. Moreover, increase in transition toward digitalized healthcare and rise in awareness toward innovative patient centric apps is expected to increase demand for the market, which further creates numerous opportunities for key vendors in the market. The global patient centric healthcare app market is segmented on the basis of technology, operating system, category, end user, and region.
Moreover, the COVID-19 pandemic has also affected the market adversely. For instance, after COVID-19 was declared as a pandemic by the WHO, countries worldwide adopted nationwide lockdowns to observe social distancing as a measure to contain the spread. This led to disruption, limitation, challenges, and changes in each sector of every industry. Similarly, the patient centric healthcare app industry was also impacted by the pandemic. For instance, COVID-19 pandemic had an overall positive impact on the patient centric healthcare app market as lockdowns have led to lower availability of doctors in clinical settings.
Hence patients are more inclined to use apps to manage their chronic conditions such diabetes and hypertension. Furthermore, there have been a large number of patient centric apps, which have been launched for COVID-19 management. In addition, nationwide lockdowns have resulted in closure of gyms and other fitness related facilities, which has led to rise in use of patient centric healthcare app that aim toward management of fitness.
Patient Centric Healthcare App Market Segmentation
The global patient centric healthcare app market is segmented on the basis of technology, operating system, category, end user, and region.
By technology, it is segmented into phone-based apps, web-based apps, and wearable patient centric apps. By operating system, it is divided into iOS, android, windows, and others. By category, it is bifurcated into wellness management and disease & treatment management. The wellness management segment is divided into fitness patient centric apps, lifestyle & stress patient centric apps, and diet & nutrition patient centric apps. The disease & treatment management segment is divided into healthcare providers/insurance patient centric apps, medication reminders & information patient centric apps, women’s health & pregnancy patient centric apps, and disease specific patient centric apps. Further, on the basis of end user, the market is divided into hospitals, clinics, and home use. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Technology
Wearable patient centric apps segment is projected as one of the most lucrative segment.
Segment Review
On the basis of product, the phone-based apps segment held a dominant share in 2019, accounting for about half of the total market share. This is attributed to increase in smartphone penetration and smartphone users in various regions. Moreover, large number of patient centric healthcare app are developed each year, which also contributes to the patient centric healthcare app market growth.
On the basis of operating system, the android segment held highest patient centric healthcare app market share in 2019, and is anticipated to continue this trend throughout the forecast period. This is attributable to increase in android based phone users, especially in countries such as China, Indonesia, and India. Moreover, the android operating system segment is also expected to witness highest CAGR during the forecast period, owing to surge in disposable income of people in developing countries, which, in turn, boosts the adoption of android phones.
By Operating System
Android segment held a dominant position in 2019 and will continue to maintain the lead over the forecast period.
Europe is expected to witness highest growth rate for the patient centric healthcare app market throughout the forecast period. Increase in adoption of smartphones, growth in awareness of newer technologies, and increase in consumer preferences toward healthy lifestyles are prime factors that supplement the adoption of patient centric healthcare app in this region. Moreover, continued growth in coverage of mobile cellular networks and increase in number of lifestyle diseases such as diabetes and obesity are further expected to drive the growth of the patient centric healthcare app market.
The global patient centric healthcare app market is highly competitive and the prominent players in the market have adopted various strategies to garner maximum patient centric healthcare app market share. These include collaboration, product launch, partnership, and acquisition. Major players operating in the market 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.
By Geography
Europe region would exhibit the highest CAGR of 38.9% during 2020-2027.
Key Benefits For Stakeholders
- This report entails a detailed quantitative analysis along with the current global patient centric healthcare app market trends from 2019 to 2027 to identify the prevailing opportunities along with the strategic assessment.
- The patient centric healthcare app market forecast is studied from 2020 to 2027.
- The patient centric healthcare app market size and estimations are based on a comprehensive analysis of key developments in the industry.
- A qualitative analysis based on innovative products facilitates strategic business planning.
- The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
Key Market Segments
By Technology
- Phone-Based Apps
- Web-Based Apps
- Wearable Patient Centric Apps
By Operating System
- iOS
- Android
- Widnows
- Others
By Category
- Wellness Management
- Fitness Patient Centric Apps
- Lifestyle & Stress Patient Centric Apps
- Diet & Nutrition Patient Centric Apps
- Diseases & Treatment Management
- Healthcare Providers/Insurance Patient Centric Apps
- Medication Reminders & Information Patient Centric Apps
- Women’s Health & Pregnancy Patient Centric Apps
- Disease specific patient centric apps
By End User
- Hospitals
- Clinics
- Home Use
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Turkey
- Saudi Arabia
- South Africa
- Rest of LAMEA
Patient Centric Healthcare App Market Report Highlights
| Aspects | Details |
 By TECHNOLOGY |
|
 By OPERATING SYSTEM |
|
 By CATEGORY |
|
 By END USER |
|
 By Region |
|
 Key Market Players | SIEMENS AG, IPATIENTCARE, INC., KLICK INC. (KLICK HEALTH), KONINKLIJKE PHILIPS N.V. (PHILIPS RESPIRONICS), BAYER AG, MOBILESMITH, INC, MERCK & CO., INC., PFIZER INC., ALLSCRIPTS HEALTHCARE SOLUTIONS, INC., INTERNATIONAL BUSINESS MACHINE CORPORATION (IBM), NOVARTIS INTERNATIONAL AG (ALCON) |
Analyst Review
The patient centric healthcare app market is largely fragmented and bargaining power of suppliers clearly varies in the market. Technological innovations act as a principal strategy to increase bargaining power of buyers.
The patient centric healthcare app market has piqued the interest of healthcare providers, patients, and practitioners, owing to several benefits offered by these devices to reduce healthcare spending, improve patient & doctor communications, and manage patient health efficiently. There have been remarkable technological advancements in the development of novel patient centric apps to provide advanced management options of chronic disease patients and to maintain healthy lifestyle. As the market is saturated and is growing at a steady rate in developed nations, Asia-Pacific and LAMEA are expected to offer high growth opportunities to key players in the market.
Furthermore, rapid penetration of smartphones is expected to increase the usage rate of patient centric healthcare apps globally. Presently, rapid adoption of these devices is witnessed in developing economies for wellness management such as fitness, diet & nutrition and lifestyle & stress. Moreover, on the basis of operating system, the iOS segment is projected to lead the market during the forecast period, owing to the launch of iPhones and iPads with patient centric healthcare apps globally.
The total market value of patient centric healthcare app market is $4,730 million in 2019.
The forecast period for patient centric healthcare app market is 2020 to 2027
The market value of patient centric healthcare app market in 2019 is $7,032 million.
The base year is 2019 in patient centric healthcare app market
Top companies such as, Allscripts Healthcare Solutions, Inc., International Business Machine Corporation (IBM), Klick Inc., Siemens AG and MobileSmith, Inc. dominated the global patient centric healthcare app market in 2019. These key players held a high market postion owing to the strong geographical foothold in different regions.
Wearable patient centric app segment is the most influencing segment as the recent advances in microelectronics, telecommunications, data analysis, and sensor manufacturing have lead to launch of new wearable devices. Furthermore, widespread adoption of these devices across globe also makes it the most influencing segment of the market
The major factor that fuels the growth of the global patient centric healthcare app market includes rise in demand for patient centric ecosystem which has lead to development of patient centric apps that can facilitate relationships between healthcare providers.
Europe has the highest growth rate in the market which is growing due to the contribution of the following emerging countries such as UK with a CAGR of 41.0%. This is due to emergence of large number of European new entrants in the patient centric healthcare app market.
Patient centric healthcare apps are software applications which are isntalled on gadgets such as mobiles and tablets which are used by patients to monitor various aspects of their helth such as weight management, calorie count, chronic disease management and others.
These apps are ulitlized by patients to monitor chronic helathcare conditions such as diabetes, hypertension and others. Furthermore, these applications are also utilized in wellnes management such as medication reminders, weight loss trackers and others.
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