Prescribed Health Apps Market Information: By Type (Iphones, Androids, And Windows), Device (Diabetes Management Device), Application (Disease Management, Nutrition, And Diet), And End-User (Hospitals, Home Cares, And Specialty Centers) -Forecast Till 2027

Prescribed Health Apps Market Overview

 

Study Objectives

• To consider the suggestions and recommendations of the key market experts and industry leaders that will help in predicting the expected CAGR growth rate of the prescribed health apps market and the market valuation during the forecast period that ends in 2023


• To have an idea about the prescribed health apps market dynamics and the impact of the pandemic on the prescribed health apps market. Further, the report discusses the segmentation and their performance that has the potential to make a difference to the final valuation when the forecast period ends in 2023


• Further, the report also aims at analyzing the competitive degree that prevails globally, and hence, the report considers the recent developments by the prominent market players that will help the prescribed health apps market grow as per the expectation 

Prescribed Health Apps Market Segment Overview

The functioning of the prescribed health apps market segments helps in providing an in-depth knowledge of the revenue models. These models are likely to have an impact on the global market’s valuation and hold a promising future for the upcoming years too. The prescribed health apps market segments are as follows:

Type

The health applications can be accessed through mobile devices. These applications can be used on mobile phone operating systems like Apple that is iPhone, Windows, and, Android mobile phones also 

Device

The device segment of the prescribed health apps market includes the diabetes management device

Application

Based on the application segment, the prescribed health apps market users can opt between disease management, nutrition, alongside diet for treating their illness and medical condition

Market end-users

The market end-users are responsible for expanding the market operations and helping the market grow as per the expected CAGR rate. These are hospitals, home care, and specialty centers.

Regions

The prescribed health apps market is rendering its functions in regions like North America, the APAC region, European nations, alongside the rest of the world (RoW). 

Regional Analysis

For the prescribed health apps market, the North American market is likely to enjoy domination over the market operations, the main reason behind this is that they are largely investing in the spread of healthcare-related technology like eHealth and digital health. The APAC region is expected to enjoy the fastest growth as there is an increase in the patients suffering from chronic diseases in this region. India, as a part of the APAC region, has a potential growth because of youth, increasing health awareness, and increasing the quantum of the patient population. 

Competitive Landscape

The key players of the prescribed health apps market and their functions are likely to help with a better understanding of the revenue models and final market valuation by the end of the forecast period. Also, the performance of these players is analyzed to understand the prevailing competitive degree in the market on both the regional and global scale. The prominent players are as follows:

• BioTelemetry Inc.


• Sanofi


• Cerner Corporation


• AirStrip Technologies


• LifeWatch AG


• iHealth Lab


• Apple, Inc. 

Recent Developments

• The North American market, and the US population to be specific, are demanding for the health applications on priority as a part of their smartphones. 68% of the population is already having these applications on their phones which will help the market play a major role in helping the market gain momentum over the years for the period ending in 2023.


• In July 2019, the German government passed laws that are allowing, helping, and encouraging professionals to make reliable use of these applications and presenting the patients with the required medication and treatment options for the patients. The costs are proposed to be reimbursed under the health insurance system of the country. This is likely to have a greater impact on the healthcare system and infrastructure of the regional and global markets.


• The Middle East and African nations are largely investing for creating awareness and thus, allocating a budget that will put the population in a better place by accessibility to reliable healthcare services and solutions.


• The APAC region is home to a young population that has the required awareness and information regarding these health applications. They are opting for the wide use of these applications and are also spreading reliable content for the benefit of the same. Also, the rise of the patient population in these regions is helping the prescribed health apps market to grow by the end of the forecast period in 2023.


• The European Commission has launched a public consultation where the users can let the officials know about the barriers and the issues that they face during the use of these applications. This is likely to put the patients in a better place while using such applications. 

Report Overview

The prescribed health apps market value is determined with the help of the market dynamics discussed in this report. The report talks about the impact of the pandemic and how the key market players are covering up the losses and undergoing recent developments that help in evaluating their market share. Also, the report helps to understand the competitive degree prevailing by discussing the functioning of the market segments at various locations across the globe. Also, the report discusses the prescribed health apps market scope and the expected CAGR growth rate of the market by the end of 2023.