PATIENT CENTRIC HEALTHCARE
APP MARKET
Global Market Analysis, Insights, Trends, and
Opportunity Inference, 2016-2024
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REPORT DESCRIPTION
Patient Centric Healthcare App Market Overview:
Increasing consumer health awareness and rising prevalence of various diseases is peaking
consumer interest towards ways to monitor and maintain good health. Increasing prevalence
of obesity and diabetes, and high cholesterol levels due to changes in lifestyle and
proliferation of smartphones and wearable devices are influencing the populace to opt for
various health monitoring apps to monitor and maintain optimal health. Patient centric
healthcare apps help users to stay updated about medication times, number of calories
consumed, dehydration level in body, etc. As per a recent statistic shared by Apple Inc., on an
average, an iPhone user unlocks his phone 80 times a day, while statistics released by Pew
Research stated that around 46% of people surveyed in the U.S. claimed that they simply
could not live without their phones. This creates a large target population for developers of
health apps Increasing trend towards usage of healthcare IT systems to offer access to patients
data to practitioners sitting anywhere in world and routine checkup of lab reports, easy access
to radiology and pathology reports from mobile devices is expected to boost growth of patient
centric healthcare app market. Increasing occurrence of complications due to non-adherence
to doctor’s recommendations and not undergoing routine checkup due to busy work life,
necessitates a companion app that helps users actively monitor their health. The healthcare
industry in general is experience an increasing trend towards patient-centric approach in
clinical trials focusing on personalized medicine and patient empowerment. This entails
enhanced focus on patient care as part of healthcare services and enables the patient to
access the various services and take control of their own health. This is expected to further
create lucrative opportunities to patient centric healthcare applications providers for
diagnostic purpose.
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REPORT DESCRIPTION
Major Patient centric Healthcare apps in the market: Patient Centric Connected Care (PC3)(
Infinite Computer Solutions Inc.), IntelliVue Guardian System (Philips), Philips mobile medical
app (Philips), miMeds (iPatientCare), miCalc (iPatientCare), miWater (iPatientCare), Apple’s
CareKit (Apple) etc.
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Increasing focus on multi-platform apps for wider penetration
Companies are focusing on introducing novel apps that can sync with various health
monitoring devices and offer compatibility with most major mobile platforms in order to
increase product penetration. In July 2014, iPatientCare, Inc., one of the pioneer in mhealth
and cloud based ambulatory HER launched its new patient centric app for iphone and ipad.
It allows patients and clinicians to remain updated about patient’s health. In September
2016, IBA and Philip launched its new patient centric solution for IBA’s proton therapy
system for treatment of cancer. In 2015, Health Fabric, launched its product health fabric
store where clinicians and commissioners create, share and recommend care plans to their
patients.
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REPORT DESCRIPTION
Subscription-based services and in-app purchases: A preferred revenue generation model
for players
The global patient centric healthcare app market is highly fragmented owing to the
participation of many established and emerging players in the patient centric healthcare app
market. Major players involved in the global patient centric healthcare app market include
Philips, iPatientCare, MobileSmith, Klick Health, and Health Fabric. Major players provide
their apps for free. However, to avail of major services such as interactions with doctors, a
one-time fee or a subscription model is adopted. For instance, DynaMed Mobile, Isabel, and
Epocratesare some of the many apps in the market that are free to download, though there
is a subscription fee applicable to avail of additional services.
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Advancements in technology are expected to pave way for patient centric healthcare
apps that would monitor patient data in real-time and transmit the information to
healthcare professionals for analysis.
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