What is Patient Centric Healthcare App?
Patient centric approach of healthcare is the is a way in which healthcare systems can establishes a partnership among practitioners, patients, and their families to make decisions according to patient’s wants, needs, and preferences. The apps are developed by considering the needs and preferences of patients for managing their health effectively. It offers the access to health information and easy connectivity between doctors and patients. It comes with various features such as access to health records, help in administration of medications, empower patients in health management and provide health data to patients.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM (United States), Apple, Inc. (United States), Cerner Corporation (United States), Fitbit, Inc. (United States), iPatientCare, Inc. (United States), MobileSmith, Inc. (United States), Klick, Inc. (Canada), Siemens AG (Germany), Deloitte (United States) and Koninklijke Philips N.V. (Netherlands) |
The study covers a detailed analysis segmented by key business segments i.e. and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Patient Centric Healthcare App market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Patient Centric Healthcare App market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are IBM (United States), Apple, Inc. (United States), Cerner Corporation (United States), Fitbit, Inc. (United States), iPatientCare, Inc. (United States), MobileSmith, Inc. (United States), Klick, Inc. (Canada), Siemens AG (Germany), Deloitte (United States) and Koninklijke Philips N.V. (Netherlands).
Market Overview:
On 4th April 2020, Apple Inc. has acquired NextVR which is a technology company that captures and delivers live and on demand virtual reality experiences. and On 3rd April 2020, Apple Inc. has acquired Voysis which develops tech which makes it easier for digital voice assistant for understanding user’s language.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Influencing Trend:
Increasing Demand of Wearable Patient Centric Apps for Fitness Management and Rising Penetration of Internet Coupled with Adoption of Smartphone
Market Growth Drivers:
Increasing Demand for Personalized Care Apps is Fueling the Market and Lock down imposed by governments due to corona virus pandemic is leading to increasing usage of patient centric healthcare apps
Challenges:
Unfavorable Reimbursement Policies which are coupled with Inadequate Ratio of Supply and Demand
Restraints:
Risk of Data Breach may hamper the Market
Opportunities:
Growing Transition towards Digitalization is Boosting the Market and Growing Popularity of iOS Devices like iphones and ipads for Patient Centric Health Care Apps
Key highlights of the Global Patient Centric Healthcare App market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Patient Centric Healthcare App market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Patient Centric Healthcare App market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Patient Centric Healthcare App Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Patient Centric Healthcare App market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Patient Centric Healthcare App market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Software developers, Government associations, Research organizations, software vendors and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.