The global patient-centric healthcare applications market is expected to
New York, USA, June 28, 2021 (GLOBE NEWSWIRE) – Research Dive added a report on the global patient-centric healthcare applications market to its repository. The report says the market is expected to reach $ 3,857,767.5 million and grow up with an important 34.90% CAGR from 2020 to 2027. The report is an in-depth study presenting an in-depth analysis of the current scenario and future scope of the global market. The report is compiled by seasoned market analysts and guarantees to be a reliable source of data, recent trends and aggregate market information for new entrants, investors, existing market players, stakeholders, shareholders. , etc.
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Impact of the COVID-19 pandemic on market growth:
The sharp rise of the COVID-19 pandemic has had an optimistic impact on the growth of the patient-centered health applications market in 2020; this is mainly due to the growing importance of digital health in times of crisis. During the pandemic, people greatly began to embrace patient-centric healthcare apps to enable communication with healthcare professionals to ensure their well-being during the lockdown period. While physical contact between patients and healthcare professionals has been restricted due to fear of spreading COVID-19 infection, the use and importance of virtual health has grown in magnificent ways. The major players in the global market are implementing several business strategies to maintain their market position in times of crisis. All these factors are driving the growth of the market in times of pandemic.
Factors Affecting Market Growth:
A notable increase in the use of smartphones and the growing adoption of personalized health applications are fueling the growth of the global patient-centric health applications market. Further, the increased awareness of people in the health and hygiene is expected to offer rewarding opportunities for the market growth during the forecast period. But the lack of knowledge in choosing the right healthcare application is believed to hamper the growth of the global market.
The report segments the global patient-centric healthcare applications market on the basis of technology, operating system, end-user, and region.
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Telephone Application Type Sub-Segment to Observe Outstanding Growth
The phone-based applications type sub-segment of the technology segment is expected to lead the market growth to reach $ 1,744,111.10 million during the forecast period. This growth is mainly attributed to the increasing use of telephone applications for the diagnosis and monitoring of patients for weight management, chronic disease, stress management and smoking cessation.
IOS sub-segment to observe exceptional growth
The iOS sub-segment of the operating systems segment is expected to lead the market growth to reach $ 1,19,698.40 million during the forecast period. This growth is mainly attributed to the increasing use of iOS users and the growing adoption of healthcare apps due to their interactive and ubiquitous nature.
Domestic use sub-segment to observe rapid growth
The Home Use sub-segment of End User Segment is expected to grow at a rapid rate and generate revenue of $ 1,821,116.30 million over the forecast period. This growth is mainly attributed to the increasing availability of remote home patient monitoring applications in the market.
Asia-Pacific region to grow rapidly
The report analyzes the global patient-centric healthcare applications market across various regions including North America, Europe, Asia-Pacific, and LAMEA. Among these, the Asia-Pacific region market is expected to grow at a rapid rate and reach $ 1,111,101.00 million during the estimated period. The growth of this regional market is mainly due to the growing acceptance of telemedicine, a substantial shift towards digitalization and the rapid implementation of advanced technologies in this region.
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Main market players:
The report lists some of the major players operating in the global patient-centric healthcare applications industry, including
- Johnson & Johnson Services, Inc.
- Klick Inc.
- Novartis AG
- Bayer AG
- Cisco Systems, Inc.
- Google Inc.
The report also offers many cutting-edge strategies and tactics such as key initiatives and tactical advancements, product / service line re-launch, business performance, Porter’s five forces analysis, and SWOT analysis. of the major players operating in the global industry. For example, in May 2021, Proximus, a provider of digital and communication services in the Belgian and international markets, launched Doktr – a patient-centered telehealth application for all Belgians.
Besides, the report contains detailed information of Major Business Manufacturers such as SWOT Analysis, Product Portfolio, Financial Status – Learn to Access the Detailed Report on Top Business Development Strategy.
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