PATIENT CENTRIC HEALTHCARE APP MARKET ANALYSIS

Patient Centric Healthcare App MarketSize and Trends

The global patient-centric healthcare app market was valued at US$ 9,760.4 Mn in 2022 and is forecast to reach a value of US$ 136,397.4 Mn by 2030 at a CAGR of 39.1% between 2023 and 2030. The global patient-centric healthcare app market is experiencing strong growth due to the rise in burden of chronic diseases and growing geriatric (aging) population around the world. Moreover, increase in adoption of patient-centric healthcare apps and the outbreak of COVID-19 (global pandemic) is expected to boost growth of the market. However, factors such as high cost of development and/or investment for healthcare infrastructure and lack of interoperability across healthcare providers are expected to hamper growth of the patient-centric healthcare app market.

Global Patient-centric Healthcare App Market: Regional Insights

Based on geography, the global patient-centric healthcare app market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Figure 1. Global Patient-centric Healthcare App Market Share (%), by Region, 2023

Global Patient-centric Healthcare App Market Drivers:

High prevalence of chronic diseases to propel market growth

One of the key factors expected to augment the growth of the global patient-centric healthcare app market over the forecast period is the rise in prevalence of chronic diseases. For instance, treatment of chronic disease requires constant monitoring and evaluation of physiological changes for proper diagnosis and medication. As per the World Health Organization (WHO), cardiovascular diseases account for most NCD (noncommunicable disease) deaths, or 17.9 million annually, followed by cancers (9.3 million), chronic respiratory diseases (4.1 million), and diabetes (2.0 million including kidney disease deaths caused by diabetes).

Growing geriatric population to underpin market growth

Another factor which is driving the growth of the global patient-centric healthcare app market is the growing geriatric (aging) population around the world. For instance, according to the National Council on Aging, older adults are disproportionately affected by chronic conditions, such as heart disease, diabetes, and arthritis. Around 95% percent have at least one chronic condition, and over 80% of have two or more. Moreover, over 56 million Americans are 65 and older, with projections estimating that the population of older adults will grow to 94.7 million in 2060. Chronic diseases are the leading causes of death among older adults in the U.S.

Global Patient-centric Healthcare App Market Opportunities:

Increase in adoption of patient-centric healthcare apps worldwide is expected to provide significant growth opportunities for players in the global patient-centric healthcare app market. For instance, in May 2022, MyHealthcare launched a patient-centric digital health platform in collaboration with Sakra World Hospital to deliver 360-degree patient care outcomes. A new platform will empower patients to manage their healthcare needs such as booking doctor appointments, preventive health check-ups, book diagnostics tests, manage family health, view test results and other reports, view e-prescriptions, and request for pathology tests or delivery of medicines at home.

Global Patient-centric Healthcare App Market Trends:

Rise in adoption of EHR and mHealth is a recent trend

Digitisation and digitalisation of healthcare delivery have become a necessity to improve patient engagement, deliver integrated healthcare service, and manage patient care continuum beyond the physical hospital. Digital health solutions (EHR and mHealth), in conditions such as chronic heart disease, can support patients in health-promoting behaviors, improve their medication compliance, empower them, and enhance their communication with healthcare professionals. This in turn help reduce the number of hospital stays. This in trend is expected to continue over the forecast period, driving the growth of the global patient-centric healthcare app market.

Increase in consumer health awareness is another trend

The Healthcare industry not only imitates professionalism but also reflect emotions towards better health of the society. Several NGOs and government are running the health awareness programs to educate the people on preventive measures. These patient-centric healthcare apps are developed or designed after analysing the common reason for most of the health disorders. So, people across the world can prevent themselves from many possible diseases while using these apps. Player in the market are also focusing on launching and promoting mobile health apps to manage COVID-19. This in trend is also expected to continue during the forecast period.