Market Trends of Global Patient-centric Health Care App Industry
This section covers the major market trends shaping the Patient-centric Health Care App Market according to our research experts:
The Phone-based Apps Sub-segment is Expected to Hold Significant Market Share in the Patient-centric Healthcare App Market
The phone-based apps are expected to account for the largest revenue share in the overall patient-centric healthcare app market over the forecast period.
During the COVID-19 pandemic 2020, the maintenance of healthcare, well-being, and the social connection was crucial for the elderly population. Many mobile health apps were launched after countries relaxed their telehealth regulations to combat the COVID-19 pandemic. Mobile health apps help patients with their health conditions, and physicians deliver the services on their premises. According to the research study published in June 2022 by Dina M. El-Sherif& Mohamed Abouzid, mobile applications played a crucial role during the COVID-19 pandemic in management and patients other than COVID-19. Additionally, in January 2021, in India, Dell Technologies, in collaboration with the Ministry of Health and Family Welfare and Tata Trusts, developed a mobile application to manage non-communicable diseases at the government primary health centers (PHCs) across the country.
With the growing penetration of smartphone users globally and increasing demand for telehealth and mobile health services, the phone-based health application segment is expected to grow over the forecast period as companies offering telehealth services launch their applications with all the benefits.
Other advantages of phone-based health applications include an interactive and user-friendly interface, integrated solutions from consultation to payment, regular notification to keep the user updated, and depending upon the provider and function, phone-based healthcare applications can also be used without the internet. All these factors are collectively expected to boost growth in the studied segment over the forecast period.
North America Dominates the Market and Expected to do the Same in the Forecast Period.
North America is expected to dominate the overall patient-centric healthcare app (PCHA) market throughout the forecast period. The dominance is due to the region's huge target population base with chronic diseases, such as coronary heart diseases, atrial fibrillation, stroke, hypertension, and diabetes.
As per the American College of Cardiology Foundation 2021, deaths from hypertensive diseases and ischemic heart disease in the United States increased during the COVID-19 pandemic in 2020, leading to the increasing use of patient-centric health care apps during the pandemic in the United States in the management of the disease.
The rising geriatric population and the country's high burden of chronic diseases are expected to boost market growth. For instance, Heart disease is the main cause of death in the United States, according to the Centers for Disease Control and Prevention (CDC) September 2020. Around 805,000 Americans experience a heart attack each year. As the number of deaths due to heart diseases is increasing, there is a continuous need for the proper monitoring of cardiac diseases, and patient-centric healthcare apps fulfill the unmet needs; hence it is expected to show growth over the forecast period. Additionally, According to the American Diabetes Federation 2019 report, an estimated 463 million adults live with diabetes worldwide, which is estimated to reach 700 million by 2045.
Furthermore, a rise in healthcare expenditure, health awareness, and a shift from clinical-centric treatment to patient-centric care boost the market in the region. The growing adoption of technology by key healthcare providers in the region is expected to contribute to a significant global market share throughout the forecast period.
