Healthcare Apps Market Sets the Table for Continued Growth | DocsApp, HealthifyMe, Practo

Latest published market study on Healthcare Apps Market provides an overview of the current market dynamics in the Healthcare Apps space, as well as what our survey respondents—all outsourcing decision-makers—predict the market will look like in 2027. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities. Some of the players that are in coverage of the study are Curefit Healthcare Pvt. Ltd., DocEngage Informatics Pvt. Ltd., DocsApp, HealthifyMe Wellness Pvt. Ltd., Infomoko Technology Pvt. Ltd., Kare4u Healthcare Solutions Pvt. Ltd., Lybrate India Private Limited, NovoCura Tech Health Services Pvt. Ltd. (mfine), Portea Medical, Practo Technologies Pvt. Ltd.

Get ready to identify the pros and cons of regulatory framework, local reforms and its impact on the Industry. Know how Leaders in Healthcare Apps are keeping themselves one step forward with our latest survey analysis

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Healthcare Apps Market insights:
The consumer landscape in the healthcare industry in India has evolved in recent years. The healthcare industry is experiencing a paradigm shift from volume-based care (fee-for-service healthcare, being independent of the service quality) to value-based care (healthcare providers are charged based on patients’ health outcomes). Stakeholders in the Indian healthcare ecosystem are focusing on leveraging healthcare apps to make up for the inadequacies in healthcare infrastructure.

Increasing focus on patient-centric care, emergence of advanced technologies, and changing business models have been crucial in driving the healthcare apps market in India. In terms of revenue, the healthcare apps market in India was valued at INR 28.94 Bn in 2019 and is estimated to reach INR 200.12 Bn by 2025, expanding at a CAGR of ~36.11% during the

2020-2025 period. Wellness management and appointment scheduling apps have gained widespread popularity. The demand for chronic disease management apps is expected to grow rapidly in the next few years.

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Healthcare Apps Market influencers:
Digital transformation in the country, coupled with substantial support from the government has fueled the growth of the healthcare apps market in India. The digital footprint of the country has been strengthened by a swift growth in the number of mobile subscribers and Internet users in the country. As per the Telecom Regulatory Authority of India (TRAI), the total number of broadband subscribers reached 663.78 Mn in May 2020, up from 562.52 Mn in May 2019. Approximately 60% of the population is estimated to use the Internet in India by 2022.

The market has been experiencing significant challenges due to the lack of awareness, security issues, and unsatisfactory app performance. Moreover, for majority of the consumers, fitness and wellness management are the primary areas of concern. They remain ignorant about the different types of healthcare apps available that address various other health issues. Furthermore, stakeholders are uncertain about the performance and efficiency of apps, owing to unavailability of clinical performance data. The limited availability of app content in regional languages also acts against the adoption of healthcare apps.

To comprehend Healthcare Apps market dynamics in the India mainly, the Healthcare Apps market is analyzed across major Indian regions. Customized study by specific regional or country can be provided, usually client prefers below

• North America: United States of America (US), Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia and Brazil.
• Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt and South Africa.
• Europe: the UK, France, Italy, Germany, Spain, NORDICs, BALTIC Countries, Russia, Austria and Rest of Europe.
• Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam etc) & Rest
• Oceania: Australia & New Zealand

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Competitive insights
The highly competitive healthcare apps market in India is fragmented with the presence of various small and medium-sized players. Several non-healthcare companies, including IT and software development companies, technology companies, and app development agencies have penetrated the market. However, the market is yet in the nascent stages, and thus, players are experimenting with different business models to accomplish monetization. Among the various models, licensing, third party app development, in-app advertising, and pay-per-download have achieved significant success.

For deep analysis of Healthcare Apps Market Size, Competition Analysis is provided which includes Revenue (M USD) by Players (2019-2021E) & Market Share (%) by Players (2019-2021E) complimented with concentration rate.

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Actual Numbers & In-Depth Analysis of Healthcare Apps Market Size Estimation and Trends Available in Full Version of the Report.

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