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Global Overview

global Health apps Market size is predicted to exhibit a stupendous 47.1% CAGR from 2017 to 2023 (forecast period). It is driven by the preference of mobile healthcare solutions amid the high penetration rate of smartphones and smart devices. According to the National Center for Biotechnology Information (NCBI), 68% of patients in the U.S. use a mobile health (mHealth) application for gaining advice on health problems and booking appointments.

Rise in healthcare facilities and medical professionals jumping on board the digital application bandwagon can bode well for the market. Presence of advanced telecommunication networks and a plethora of platforms for professionals to offer their expertise to patients can bolster the global Health apps Market demand in the coming years. The use of mobile applications by healthcare consumers is a positive indicator of the potential of the market. Seed funding and rising interest by venture capital firms can boost the market demand. In 2019, Xealth, a U.S. company gained funding from Philips, Novartis, ResMed, and McKesson Ventures.

Lack of patient awareness and hazy policies concerning patient information can pose a challenge to the market growth.

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Segmentation Analysis

The Health apps Market is segmented by type, device, application, and end-user.

By type, it is segmented into Windows, Android, iPhone, and others.

By device, it is segmented into multi-parameter tracker, cardiac monitoring device, diabetes management device, and others.

By application, it is segmented into lifestyle management, disease management, fitness, nutrition, and diet, medication adherence, and others.

By end-user, it is segmented into home care, specialty centers, hospitals, sand others.

Competitive Outlook

Following are some of the major players in the Health apps Market. Traditional players are developing healthcare applications to digitize their offerings and gain a larger consumer base.

AirStrip Technologies

Sanofi

LifeWatch AG

Cerner Corporation

iHealth Lab

BioTelemetry Inc.

Apple Inc.

And others

The global Health apps Market report by Market Research Future encompasses numerous drivers and restraints which can enlighten readers and facilitate in making right investment decisions. The ubiquitousness of smartphones and smart devices have ensured the development of mobile applications. Prescribed health apps are software applications designed to provide health services over mobile devices. They assist patients by managing their medical condition in real-time and gaining advice from medical professionals via the mobile phone.

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