Patient-Centric Healthcare Application Market is Expected to Generate $64.33 Billion by 2027, According to Allied Market Research Report
A Senior Analyst from AMR highlighted that Europe patient-centric healthcare application market is expected to grow at the fastest CAGR during the forecast period.
PORTLAND, OREGON, USA, March 10, 2022 /EINPresswire.com/ — Allied Market Research released a research report on the patient-centric healthcare application market. The findings of the report indicate that the global market patient-centric healthcare application generated USD 4.73 billion in 2019 and is expected to reach USD 64.33 billion by 2027, growing at a CAGR of 37, 2% from 2020 to 2027. The report offers valuable insights into changing market dynamics. , major segments, key investment pockets and competitive scenario for market players, investors, shareholders and new entrants.
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The report provides detailed information about drivers, restraints, and opportunities to help market players to design several growth strategies. Rising demand for patient-centric ecosystem, increasing smartphone penetration and increasing collaboration between healthcare providers, app developers and others are propelling the growth of the global patient-centric healthcare application market. On the other hand, a long and costly approach, an inadequate relationship between supply and demand and the lack of adequate training hinder growth to a certain extent. However, accelerating the transition to digitized healthcare is expected to create lucrative opportunities for major industry players.
The report also provides a detailed scenario of the impact of the Covid-19 pandemic on the global patient-centric healthcare applications market. Mandatory confinement measures across the world have given way to the closure of gyms and sports centers, especially during the initial period. This, in turn, has led to an increase in the use of patient-centric healthcare applications, thereby driving the growth of the market. This trend is also likely to continue post-pandemic, as people’s health and fitness are of growing concern, which has further increased the demand for these apps.
“Patient-Centric Healthcare Application Market by Technology (Phone-Based Applications, Web-Based Applications, and Patient-Centric Wearable Application), Operating System (iOS, Android, Windows, and Others) Category (Asset Management (being and disease and treatment management) End User (Hospitals, Clinics and Home Use): Global Opportunity Analysis and Industry Forecast, 2020-2027,” said Onkar Sumant, Head of Healthcare at Allied MarketResearch.
The report offers a detailed segmentation of the global patient-centric healthcare applications market on the basis of technology, operating system, category, end-user, and region. By operating system, Android segment held nearly half of global patient-centric healthcare application market revenue in 2019 and is expected to dominate by 2027. In addition, the same segment is also expected to cite CAGR the fastest of 38.0% throughout the forecast period. .
By end-user, the home use segment accounted for more than two-fifths of the global market share in 2019 and would lead by 2027. The same segment is also expected to show the fastest CAGR of 38.2% by 2027.
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By geography, North America held the largest share in 2019, grabbing more than around a third of the global market. On the other hand, Europe would show the fastest CAGR of 38.9% during the study period.
Key market players analyzed in the Global Patient-Centric Healthcare Application Market report are Bayer AG, International Business Machines Corporation (IBM), Siemens AG, iPatientCare, Inc., Koninklijke Philips NV, Merck & Co ., Inc., MobileSmith, Inc., Allscripts Healthcare Solutions, Inc., Novartis AG, Pfizer Inc. and Klick Inc.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.