Healthcare Apps Market to Experience Rapidly Ascending Growth

  • 02 May 2019

Healthcare digitization has been a prime agenda on various government regulatory bodies. The widespread outburst of mobile applications with the advent of high-speed internet and ubiquitous smartphones usage is viewed as an opportunity to control healthcare expenditures. The inclination towards self-monitoring fitness and vital health parameters at the fingertip is an unavoidable trend. The paper-free clinical records are readily accessible and convenient to communicate accurate diagnosis as well as treatment to patients anytime at the comfort of indoors. HealthCare apps provide low maintenance, low cost, productive solution when it comes to remote patients in isolated regions.

Healthcare apps are effective patient care tools as they cater to basic yet important aspects like continuous monitoring and constant supervision with automatic alerts for critical conditions. Thus, government authorities backed digital disruption along with greater adoption of high-tech healthcare provisions amongst patients and clinicians is responsible for a robust expansion of global healthcare apps market.


Key Market Differentiators that Competitors Should Cater to in Near Future
•    Healthcare app security and data privacy protection
•    Virtual components facilitating social and professional medical networking for knowledge sharing even in rural population
•    An optimized approach to streamline healthcare workflows
•    Cost-effectiveness of everyday fitness-focused healthcare apps
•    Adoption of rapid-go-to market strategy
•    Healthcare apps that can process voice commands
•    Interlinking with latest databases for geographic search in case of referrals and recommendations 
•    Provide personalised precision based patient treatment plans 
•    Gamification of the medical training, rehabilitation treatment approaches, and cognitive health care.


Global Healthcare Apps Market, by Deployment Type
•    On-Premise
•    Cloud-Based
Although on-premise healthcare apps segment is currently prevalent, cloud computing is set to alter the healthcare economy with its ability to harness shared resources across the web. Hosting cloud-based healthcare apps are cost-effective and secure. Thus cloud-based healthcare app segment is poised to extend at strong CAGR during the forecast period of 2019-2026. 


Global Healthcare Apps Market, by End-User
•    Hospitals
•    Clinics
•    Personalised Healthcare
•    Others


Global Healthcare Apps Market, by Region
•    North America
•    Latin America
•    Europe
•    Asia Pacific
•    Rest of the World
High preference towards technological adoption, greater funding capability and extravagant patient base are facilitating continuous growth of the North American and European healthcare apps market. The rising number of new entrants, ongoing IT disruptions and economic growth are factors facilitating robust growth at a lucrative CAGR in the APAC region.

Competitive Landscape:  
•    Tier 1 players- established companies in the market with a major market share
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants  


FutureWise Key Takeaways 
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 


Objectives of the Study: 
•    To provide with an exhaustive analysis on the global healthcare apps market on the basis of deployment type, end-users, and region
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies  


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