ID: MRFR/HCIT/0274-HCR | 115 Pages | Published By Rahul Gotadki on March 2023
The Prescribed Health Apps Market is expected to reach USD 22.25 Million by 2030 at 46.10% CAGR during the forecast period 2022-2030. The introduction of health apps has eased the lifestyle of the universe. The health apps are nothing but a new mobile application. This mobile application has been built to assist patients in managing their medical conditions. It is a health professional app, and the information of the patient is considered to be safe. Here, the individual's medical and physical health can be directly monitored by a third-party electronic device. This health app is set as a central data collection point attached to a third-party electronic device.
This health app is not very complicated. Here, the human functions such as heart rate, burned calories, blood sugar, cholesterol, blood pressure, and other health and fitness data are displayed on the app's dashboard. This health app is comprised of all the important medical information and all the emergencies where the patient needs to generate a medical ID to avail facilities.
The prescribed health apps industry report has explained that the global market has high growth in various regions. The division of Global Prescribed Health Apps Market in country-wise and region-wise includes the U.S., France, Canada, Germany, Russia, South Korea, the U.K., Italy, Taiwan, China, Japan, India, Philippines, Australia, Indonesia, Vietnam, Mexico, Saudi Arabia, Brazil, Argentina, UAE, Thailand, Malaysia, Turkey, etc. Among these regions, the top key players are applying various strategies to uplift the demand for the Global Prescribed Health Apps Market in the international market.
COVID-19 Impact Analysis
The COVID-19 has brought a positive impact on the Global Prescribed Health Apps Market. In 2020, the arrival of the COVID-19 pandemic had made the world's people be very conscious about their health. Due to the global lockdown and shutdown, people cannot step out of their houses. Here, the health app has helped them consult with health professionals, manage their health status, and many others.
Hence, the key players have given more focus on the advanced features to help users easily. They adopted advanced technologies to develop the application. It is expected that the global market will generate a higher medically prescribed apps market size in the upcoming years.
The most increasing industries of the global app market are health apps. The demand for health apps is growing day by day due to their advanced feature, access from anywhere, and managing the patients' accurate physical and medical conditions. The patients are not facing issues in going to the hospital for their medical records. Moreover, the introduction of new applications and advanced technologies in the mobile portable device in the health industry is expected to increase the prescribed health apps market growth.
Along with that, it has been found that health apps are faster-growing apps as compared to other apps. Further, the Global Prescribed Health Apps Industry is driving its growth with the growing mobile devices usages in the health sector.
Moreover, specific issues like managing cancer-related pain, recovering from surgery, and many others are well managed by the prescribed health apps. Here, the patient's daily routine can be monitored by the health professionals. These health applications are capable of storing all the patients' medical records in a single device. These facilities can bring more opportunities for the global Prescribed Health Apps Industry.
According to past five-year research studies, 49.1% growth has been seen in the medical apps, and 38.1% total growth has been found in the mobile apps. It shows the mobile health app has more opportunities to grow the prescribed health apps market size in the upcoming years.
The health apps are useful in many ways, giving the common people an opportunity to access healthcare information. But the complicated features of the health app might bring restraint to the Global Prescribed Health Apps Market.
Hence, the global market players are looking into the complications of the health app to provide better access to their users.
Hence, the Global Market is employing more experts to deal with these challenges and further growing the Global Prescribed Health Apps Industry share for the forecast period.
According to a Patient view survey, 70% of patient groups have faith in health apps. They consider it will be helpful for the patients in maintaining their health record and their personal health. Thus, the positive views for the health app can bring changes in the health industry, and it is expected to grow the prescribed health apps industry revenue for the forecast period.
Moreover, companies like iHealth Labs, Inc. (US) and others are present in the American region, which is propelling the medically prescribed apps market share for the research period.
Market segmentation Overview
Based on the type operating system segment, the global medically prescribed apps market is segmented into Windows, iPhones, Androids, and others.
The medically prescribed apps industry highly prefers these types of operating system segments. Among these, the androids type operating system segment is growing the demand for the medically prescribed apps market.
On the basis of device segment, the global medically prescribed apps market is classified into cardiac monitoring devices, Diabetes management devices, multi-parameter trackers, and others.
Patients prefer all these devices according to their health issues, which is increasing the demand for health apps.
According to the application segment, the Global Prescribed Health Apps Market is classified into individual and hospital.
Here, an individual can use the health apps by own, and the hospital maintains all the information of the patients. Hence, these two applications are generating the higher medically prescribed apps market revenue for the research period.
The prescribed health apps market trends have been classified into different geographical locations such as North America, Latin America, South America, Asia Pacific, Europe, and the Rest of the World.
Out of all, the North American region is dominating medically prescribed apps market trends. The healthcare information technology domain such as digital health or eHealth is leading the global market of the North American region. The Global Prescribed Health Apps Industry is growing various opportunities with the technology growth in the medical field. In other words, the electronic health to smartphones apps growth is bringing opportunities for the global prescribed health apps industry. Moreover, the upgrade of the applications and timely development in the region is having more scope for the Global Prescribed Health Apps Market. Along with that, the European region is considered the higher growing region in health apps. The European countries such as UK and Germany are growing higher into Health apps. In healthcare apps development, the European region has always played a significant role.
Competitive Landscape Analysis
The key players are the actual strength of the Global Prescribed Health Apps Market. These global players are working efficiently, which is enhancing the growth of the Prescribed Health Apps Market. Some of the top key players are:
Among these, the companies like Apple Inc., iHealth Lab Inc., and Sanofi are contributing higher to the prescribed health apps market share in the forecast period.
The prescribed health apps market analysis report has included extensive primary research on the market's prescribed health apps. Also, this report has comprised of quantitative and qualitative analysis in detail. It has highlighted the prescribed health apps industry performance. Moreover, different key opinion leaders and various industry experts view has been involved in the research report.
Further, the medically prescribed apps market analysis report has emphasized the clear picture of the present scenario of the global market, including estimate market size, market value, market share, market segments, market dynamics, technological advancement, and governing factors of the global prescribed health apps market. The report has also explained broadly about the different regions and their competition in the Global Prescribed Health Apps Industry.
|Market Size||USD 22.25 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Operating System, Devices and End User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||iHealth Lab, Inc.BioTelemetry Inc.,AirStrip Technologies, Apple, Inc. Sanofi, LifeWatch AG|
|Key Market Opportunities||The need for health apps is increasing as it allows patients to manage their physical and medical condition|
|Key Market Drivers||Joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments|
Health apps are new mobile applications that assist patients to manage their medical condition on a real-time basis by feeding the information back to the professionals. The application acts as a central data collection point connected to a third-party electronic device that can directly monitor an individual’s physical and medical health.
The market is expected to exhibit a strong 46.10% CAGR over the forecast period from 2022-2030.
Increasing awareness about wearable medical technology is likely to be a major driver for the Prescribed Health Apps Market.
North America is the leading regional market for Prescribed Health apps.
Leading players in the Prescribed Health Apps Market include Apple Inc., Sanofi, and iHealth Lab Inc., among others.