Prescribed Health Apps Market Research Report - Forecast to 2027

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

ID: MRFR/HCIT/0269-HCR | February 2021 | Region: Global | 105 pages

Prescribed Health Apps Market Overview


The prescribed health apps market size is increasing due to its enormous support for patients having a history of medical conditions. As the name suggests, the prescribed health applications make use of health-based software programs that have been designed to provide expert and quick healthcare services over electronic devices such as mobile phones. These applications act as constant support and assist the patients who have a history of treatments, surgeries, and other medical conditions.

The applications not only manage the medical conditions of the patients but also analyze their situation and condition on a real-time basis. These applications offer major support as they help professionals with the required and reliable feedback about the condition of the patients, as well. These health applications assist the patients and provide them with medical support as soon as possible. Owing to the large level of demand and the kind of assistance provided, the prescribed health apps market is expecting a 47.1% CAGR growth by the end of the ongoing forecast period in 2023. The global period for the prescribed health apps market has begun in 2017. 

COVID 19 Analysis of Prescribed Health Apps Market

Since the cases were reported of the novel coronavirus across various regions in the globe, the industries, marketing units, and business enterprises are facing major issues to keep up with the supply chain mechanism and also fulfill the prescribed health apps market demands. The pandemic has brought new and uninvited struggles that these production and manufacturing units are taking time to accept and overcome. The lockdown is another imposed restriction. However, the demand for healthcare services and their support and assistance is being demanded on large scale. Owing to the positive number of cases, patients are either opting for hospital isolation or are going under home quarantine. The ones who are under home quarantine, require assistance now and then. For doctor’s consultation on requirements, these health applications are playing an important role. These applications also update about the medical condition that helps in taking prior steps like surgeries and medication so that there is no further deterioration of the medical condition. 

Owing to the situation of the pandemic and improvising on the healthcare services and infrastructure, the governments of under-developed, developing, and developed nations are opting for investing in these applications which helps in their development and widescale use. Also, the key market players are largely opting for the development of the research and development department that helps in enhancing the use and features of these applications.  

Figure: Global Prescribed Health Apps Market, by Region, 2017 (%)

 Prescribed Health Apps

Source: World Health Organization, Centers for Disease Control and Prevention, expert interview, market research future analysis, annual report, white paper, and company presentation

Prescribed Health Apps Market Dynamics

Drivers

The health applications determining the medical condition of the patients is acting as one of the developed healthcare facilities that are benefiting a larger audience. Also, the prescribed health apps market is witnessing a steep rise in the penetration of mobile devices especially in the healthcare sector and amongst the patients who are demanding such services. These are major driving forces for the prescribed health apps market.

Restraints

However, the target audience is the patients who demand these services lack awareness and crucial information to make the best use of such devices and applications. Also, the ones who are using have concerns related to security and data leaks which are refraining them from using these services. These are major growth restraints on the path to growing globally during the forecast period ending in 2023. 

Technology Analysis

The key market players aim at global domination through their key strategies for growth and expansion. The prescribed health apps market is witnessing an increase in the availability of advanced networks along with excellent use of the connectivity platforms for benefitting the patients at a huge scale. Also, the limited access to treatment is being curbed by the availability of medical support through electronic means. Also, the treatment and consultation cost is not high by making use of these applications. So, the prescribed health apps market has a promising future by the end of the global forecast period ending in 2023. 

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 global 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.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR    2020-2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  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, etc.
  Key Market Opportunities   The technology growth in electronic health to smartphones apps in medical field
  Key Market Drivers

  • The need for health apps is increasing as it allows patients to manage their physical and medical condition from the place they are
  • The increasing use of mobile devices in medical field

    		•


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    Frequently Asked Questions (FAQ) :

    Prescribed Health Apps Market is expected to exhibit a strong 47.1% CAGR over the forecast period from 2018 to 2023.

    Increasing availability of advanced connectivity platforms is the major driver for the Prescribed Health Apps Market.

    The Americas dominate the Global Prescribed Health Apps Market with a strong 42% share in 2017.

    Leading players in the Global Prescribed Health Apps Market include BioTelemetry Inc., AirStrip Technologies, and Sanofi, among others.

    Table of Content


    1. Report Prologue

    2. Market Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.2.1 Research Objective

    2.2.2 Assumptions

    2.2.3 Limitations

    3. Research Methodology

    3.1 Introduction

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    4. Market Dynamics

    4.1 Drivers

    4.2 Restraints

    4.3 Opportunities

    4.4 Challenges

    4.5 Macroeconomic Indicators

    4.6 Technology Trends & Assessment

    5. Market Factor Analysis

    5.1 Porter’s Five Forces Analysis

    5.1.1 Bargaining Power of Suppliers

    5.1.2 Bargaining Power of Buyers

    5.1.3 Threat of New Entrants

    5.1.4 Threat of Substitutes

    5.1.5 Intensity of Rivalry

    5.2 Value Chain Analysis

    5.3 Investment Feasibility Analysis

    5.4 Pricing Analysis

    6. Global Prescribed Health Apps Market, by Type

    6.1 Introduction

    6.2 iPhones

    6.2.1 Market Estimates & Forecast, 2020–2027

    6.3 Androids

    6.3.1 Market Estimates & Forecast, 2020–2027

    6.4 Windows

    6.4.1 Market Estimates & Forecast, 2020–2027

    6.4 Others

    6.4.1 Market Estimates & Forecast, 2020–2027

    7. Global Prescribed Health Apps Market, by Device

    7.1 Introduction

    7.2 Diabetes Management Device

    7.2.1 Market Estimates & Forecast, 2020–2027

    7.3 Multi-Parameter Tracker

    7.3.1 Market Estimates & Forecast, 2020–2027

    7.4 Cardiac Monitoring Device

    7.4.1 Market Estimates & Forecast, 2020–2027

    7.5 Others

    7.5.1 Market Estimates & Forecast, 2020–2027

    8. Global Prescribed Health Apps Market, by Application

    8.1 Introduction

    8.2 Disease Management

    8.2.1 Market Estimates & Forecast, 2020–2027

    8.3 Fitness

    8.3.1 Market Estimates & Forecast, 2020–2027

    8.4 Nutrition & Diet

    8.4.1 Market Estimates & Forecast, 2020–2027

    8.5 Medication Adherence

    8.5.1 Market Estimates & Forecast, 2020–2027

    8.6 Lifestyle Management

    8.6.1 Market Estimates & Forecast, 2020–2027

    8.7 Others

    8.7.1 Market Estimates & Forecast, 2020–2027

    9. Global Prescribed Health Apps Market, by End-User

    9.1 Introduction

    9.2 Hospitals

    9.2.1 Market Estimates & Forecast, 2020–2027

    9.3 Specialty centers

    9.3.1 Market Estimates & Forecast, 2020–2027

    9.4 Home Cares

    9.4.1 Market Estimates & Forecast, 2020–2027

    10 Global Prescribed Health Apps Market, by Region

    10.1 Introduction

    10.2 Americas

    10.2.1 North America

    10.2.1.1 U.S.

    10.2.1.2 Canada

    10.2.2 South America

    10.3 Europe

    10.3.1 Western Europe

    10.3.1.1 Germany

    10.3.1.2 France

    10.3.1.3 U.K.

    10.3.1.4 Italy

    10.3.1.5 Spain

    10.3.1.6 Rest of Western Europe

    10.3.2 Eastern Europe

    10.4 Asia Pacific

    10.4.1 Japan

    10.4.2 China

    10.4.3 India

    10.4.4 Australia

    10.4.5 Republic of Korea

    10.4.6 Rest of Asia Pacific

    10.5 Middle East & Africa

    10.5.1 United Arab Emirates

    10.5.2 Saudi Arabia

    10.5.3 Oman

    10.5.4 Kuwait

    10.5.5 Qatar

    10.5.6 Rest of the Middle East & Africa

    11 Company Landscape

    11.1 Introduction

    11.2 Market Share Analysis

    11.3 Key Development & Strategies

    11.3.1 Key Developments

    11 Company Profiles

    11.1 BioTelemetry, Inc.

    11.1.1 Company Overview

    11.1.2 Product Overview

    11.1.3 Financials

    11.1.4 SWOT Analysis

    11.2 AirStrip Technologies

    11.2.1 Company Overview

    11.2.2 Product Overview

    11.2.3 Financial Overview

    11.2.4 Key Developments

    11.2.5 SWOT Analysis

    11.3 LifeWatch AG

    11.3.1 Company Overview

    11.3.2 Product Overview

    11.3.3 Financial Overview

    11.3.4 Key Development

    11.3.5 SWOT Analysis

    11.4 Sanofi

    11.4.1 Company Overview

    11.4.2 Product/Business Segment Overview

    11.4.3 Financial Overview

    11.4.4 Key Development

    11.4.5 SWOT Analysis

    11.5 Apple, Inc.

    11.5.1 Company Overview

    11.5.2 Product Overview

    11.5.3 Financial overview

    11.5.4 Key Developments

    11.6 iHealth Lab

    11.6.1 Company Overview

    11.6.2 Product Overview

    11.6.3 Financial Overview

    11.6.4 Key Developments

    11.7 Cerner Corporation

    11.7.1 Overview

    11.7.2 Product Overview

    11.7.3 Financials

    11.7.4 Key Developments

    11.7.5 SWOT Analysis

    11.8 Others

    12 MRFR Conclusion

    12.1 Key Findings

    12.1.1 From CEO’s View Point

    12.1.2 Unmet Needs of the Market

    12.2 Key Companies to Watch

    12.3 Prediction of Pharmaceutical Industry

    13 Appendix

    LIST OF TABLES

    Table 1 Prescribed Health Apps Industry Synopsis, 2020–2027

    Table 2 Global Prescribed Health Apps Market Estimates & Forecast, 2020–2027, (USD Million)

    Table 3 Global Prescribed Health Apps Market, by Region, 2020–2027, (USD Million)

    Table 5 Global Prescribed Health Apps Market, by Type, 2020–2027, (USD Million)

    Table 6 Global Prescribed Health Apps Market, by Device, 2020–2027, (USD Million)

    Table 7 Global Prescribed Health Apps Market, by End-User, 2020–2027, (USD Million)

    Table 8 North America Prescribed Health Apps Market, by Type, 2020–2027, (USD Million)

    Table 9 North America Prescribed Health Apps Market, by Device

    , 2020–2027, (USD Million)

    Table 10 North America Prescribed Health Apps Market, by End-User, 2020–2027, (USD Million)

    Table 11 US Prescribed Health Apps Market, by Type, 2020–2027, (USD Million)

    Table 12 US Prescribed Health Apps Market, by Device, 2020–2027, (USD Million)

    Table 13 US Prescribed Health Apps Market, by End-User, 2020–2027, (USD Million)

    Table 14 Canada Prescribed Health Apps Market, by Type, 2020–2027, (USD Million)

    Table 15 Canada Prescribed Health Apps Market, by Device, 2020–2027, (USD Million)

    Table 16 Canada Prescribed Health Apps Market, by End-User, 2020–2027, (USD Million)

    Table 17 South America Prescribed Health Apps Market, by Type, 2020–2027, (USD Million)

    Table 18 South America Prescribed Health Apps Market, by Device, 2020–2027, (USD Million)

    Table 19 South America Prescribed Health Apps Market, by End-User, 2020–2027, (USD Million)

    Table 20 Europe Prescribed Health Apps Market, by Type, 2020–2027, (USD Million)

    Table 21 Europe Prescribed Health Apps Market, by Device, 2020–2027, (USD Million)

    Table 22 Europe Prescribed Health Apps Market, by End-User, 2020–2027, (USD Million)

    Table 23 Western Europe Prescribed Health Apps Market by Type, 2020–2027, (USD Million)

    Table 24 Western Europe Prescribed Health Apps Market, by Device, 2020–2027, (USD Million)

    Table 25 Western Europe Prescribed Health Apps Market, by End-User, 2020–2027, (USD Million)

    Table 26 Eastern Europe Prescribed Health Apps Market, by Type, 2020–2027, (USD Million)

    Table 27 Eastern Europe Prescribed Health Apps Market, by Device

    , 2020–2027, (USD Million)

    Table 28 Eastern Europe Prescribed Health Apps Market, by End-User, 2020–2027, (USD Million)

    Table 29 Asia Pacific Prescribed Health Apps Market, by Type, 2020–2027, (USD Million)

    Table 30 Asia Pacific Prescribed Health Apps Market, by Device, 2020–2027, (USD Million)

    Table 31 Asia Pacific Prescribed Health Apps Market, by End-User, 2020–2027, (USD Million)

    Table 32 Middle East & Africa Prescribed Health Apps Market, by Type, 2020–2027, (USD Million)

    Table 33 Middle East & Africa Prescribed Health Apps Market, by Device, 2020–2027, (USD Million)

    Table 34 Middle East & Africa Prescribed Health Apps Market, by End-User, 2020–2027, (USD Million)

     

    LIST OF FIGURES

    Figure 1 Research Process

    Figure 2 Segmentation for Global Prescribed Health Apps Market

    Figure 3 Segmentation Market Dynamics for Prescribed Health Apps Market

    Figure 4 Global Prescribed Health Apps Market Share, by Type 2020

    Figure 5 Global Prescribed Health Apps Market Share, by Devices 2020

    Figure 6 Global Prescribed Health Apps Market Share, by End Users, 2020

    Figure 7 Global Prescribed Health Apps Market Share, by Region, 2020

    Figure 8 North America Prescribed Health Apps Market Share, by Country, 2020

    Figure 9 Europe Prescribed Health Apps Market Share, by Country, 2020

    Figure 10 Asia Pacific Prescribed Health Apps Market Share, by Country, 2020

    Figure 11 Middle East & Africa Prescribed Health Apps Market Share, by Country, 2020

    Figure 12 Global Prescribed Health Apps Market: Company Share Analysis, 2020 (%)

    Figure 13 BioTelemetry Inc.: Key Financials

    Figure 14 BioTelemetry Inc: Segmental Revenue

    Figure 16 BioTelemetry Inc: Geographical Revenue

    Figure 17 AirStrip Technologies: Key Financials

    Figure 18 AirStrip Technologies: Segmental Revenue

    Figure 19 AirStrip Technologies: Geographical Revenue

    Figure 20 iHealth Lab: Key Financials

    Figure 21 iHealth Lab: Segmental Revenue

    Figure 22 iHealth Lab: Geographical Revenue

    Figure 23 LifeWatch AG: Key Financials

    Figure 24 LifeWatch AG: Segmental Revenue

    Figure 25 LifeWatch AG: Geographical Revenue

    Figure 26 Sanofi: Key Financials

    Figure 27 Sanofi: Segmental Revenue

    Figure 28 Sanofi: Geographical Revenue

    Figure 29 Apple, Inc.: Key Financials

    Figure 30 Apple, Inc.: Segmental Revenue

    Figure 31 Apple, Inc.: Geographical Revenue

    Figure 32 Cerner Corporation: Key Financials

    Figure 33 Cerner Corporation: Segmental Revenue

    Figure 34 Cerner Corporation: Geographical Revenue