Global Personal Health Apps Market, By App Type (Medical Apps, Fitness Apps), Application (Monitoring Services, Fitness Solutions, Diagnostic Services, Treatment Services, Others), Platform (Google Play Store, Apple Store, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
In recent years, personal health apps have become one of the significant needs across the world. Personal health apps and technologies are also known as mHealth that are widely being used to manage health related experiences. These apps make use of sophisticated data analytics to offer best care possible.
- The health apps collect and track individuals' health-related data to enhance overall health. Data Bridge Market Research analyses that the personal health apps market is expected to grow at a CAGR of 11.6% during the forecast period of 2022 to 2029.
Market Definition
Personal health apps, also known as mHealth, refer to the type of applications used to manage patient experiences generally. These mobile health apps utilize sophisticated data analytics and mobile technologies to offer the best care possible at a low cost from convenient locations. The rise in the focus on patient-centric healthcare delivery is increasing the need for these mobile apps.
Personal Health Apps Market Dynamics
Drivers
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Penetration of Internet
The proliferation of high-speed internet across the globe acts as one of the major factors driving the growth of the personal health apps market.
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Government investments for healthcare interoperability
The increase in the funding by the federal government to drive the adoption of personal health apps further influence the market.
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Adoption of Smart Technologies
The high adoption of wearable devices, big data analytics, and (Internet of Things) IoT in healthcare sector accelerate the market growth.
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Regulatory Compliance
Maintaining compliance with medical reforms and regulations raises the demand for these solutions.
Additionally, advancements in healthcare infrastructure, availability of dynamic nature of health benefit plan designs, surge in disposable income and advancements in healthcare infrastructure positively affect the personal health apps market.
Opportunities
Furthermore, smartphone penetration extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, use of mHealth solutions in outpatient care facilities will further expand the healthcare interoperability solutions market's growth rate in the future.
Restraints/Challenges
On the other hand, security concerns related to privacy, licensure, and data breaches are expected to obstruct the personal health apps market growth. Also, reluctance among medical professionals to adopt advanced eHealth solutions is projected to challenge the personal health apps market in the forecast period of 2022-2029.
This personal health apps market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the personal health apps market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Personal Health Apps Market
The COVID-19 pandemic has a relatively positive impact on the overall personal health apps market. Personal health apps have emerged as a new saviour owing to the spread of infection and concerns regarding protection of front-line workers and patients. Personal health apps have become a lifeline for consultation as they are done through primarily through smartphones. Therefore, the increase in the COVID-19 are expected to increase the personal health apps market.
Recent Development
- Apple Inc introduced Apple Fitness+ in December’2020 for its Apple watch. The app is going to motivate and track the user's workout metrics and offer guidance.
- U.S. Food and Drug Administration (FDA) and CE gave approval to Fitbit in September’2020 to assess heart rhythm for artificial fibrillation.
Global Personal Health Apps Market Scope and Market Size
The personal health apps market is segmented on the basis of app type, application, and platform. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
App Type
- Medical Apps
- Fitness Apps
On the basis of app type, the personal health apps market is segmented into medical apps and fitness apps. Medical apps are further segmented into women's health apps, personal health record apps, medication management apps, diagnostic apps, remote monitoring apps, disease management apps and others. Fitness apps are further segmented into diet and nutrition, exercise and fitness, and lifestyle and stress.
Application
- Monitoring Services
- Fitness Solutions
- Diagnostic Services
- Treatment Services
- Others
On the basis of application, the personal health apps market is segmented into monitoring services, fitness solutions, diagnostic services, treatment services and others.
Platform
- Google Play Store
- Apple Store
- Others
On the basis of platform, the personal health apps market is segmented into Google play store, apple store and others.
Personal Health Apps Market Regional Analysis/Insights
The personal health apps market is analysed and market size insights and trends are provided by country, app type, application, and platform as referenced above.
The countries covered in the personal health apps market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the personal health apps market because of the rise in awareness among the individuals to adopt mobile health applications, rapid growth in the usage of smartphones and developments in coverage networks within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the smartphone penetration and increasing internet users in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The personal health apps market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for personal health apps market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the personal health apps market. The data is available for historic period 2010-2020.
Competitive Landscape and Personal Health Apps Market Share Analysis
The personal health apps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to personal health apps market.
Some of the major players operating in the personal health apps market are Apple Inc, Medtronic, SAMSUNG, Koninklijke Philips N.V., iHealth Labs Inc, AT&T Intellectual Property., Allscripts Healthcare, LLC, Qualcomm Technologies, Inc., Cerner Corporation., Doximity, Inc., Evolent Health, Inc., Perfint Healthcare, Oscar Insurance, Zest Health, athenahealth, Inc., OMRON Corporation, Nokia, Cisco Systems, Inc., AIRSTRIP TECHNOLOGIES, INC., BioTelemetry, Inc., and AliveCor, Inc., others.
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