Global Personal Health Apps Market Overview:
Personal health apps are used to keep track of the health of individuals. These apps are used for various purposes such as weight loss, Meditation, diet, and nutrition, etc. These apps are mobile application programs that offer health-related services on smartphones, tablet PCs, and other communication devices. Mobile applications are anticipated to improve treatment outcomes and lifestyle while minimizing the incidence of chronic diseases. There are currently over 325, 000 health-related mobile apps now presented on app marketplaces and around 60% of mobile device users downloaded a mHealth app to their device. The growth of the market appears positive with increasing investments in wearable tech start-ups that focus on mHealth categories such as personal safety, women's health, and hydration monitoring that promise exciting prospects for the market
- The rapid adoption of mobile applications by individuals, especially healthcare apps that assist consumers in self-management of disease, wellness, and chronic conditions is the key driver of the personal health apps market.
- Increasing Penetration of Smartphones, Tablets, and Other Mobile Platforms
- Robust Penetration of 3G and 4G Networks for Uninterrupted Healthcare Services
- Adoption Analysis of Connected Devices
- Increasing Demand for Urgent Care Apps
- Lack of Standards and Regulations as well as Data Privacy
- Increasing Incidence of Lifestyle Disorders
- Increasing Adoption of AI and 5G
- Authenticity and Reliability
- Lack of Expertise in individuals
Some of the key players profiled in the report are AgaMatrix, Inc. (United States), Medtronic plc. (Ireland), Apple, Inc. (United States), Johnson & Johnson (United States), Koninklijke Philips N.V. (Netherlands), Nike, Inc. (United States), Omron Corporation (Japan), Withings S.A (France), BioTelemetry, Inc. (United States) and iHealth Labs Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Cerner Corporation (United States), AliveCor, Inc. (United States) and Abbott Laboratories (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Personal Health Apps market by 2026. Considering Market by Platform, the sub-segment i.e. Desktop (Windows, Mac OS) will boost the Personal Health Apps market. Considering Market by Pricing, the sub-segment i.e. Monthly Subscription will boost the Personal Health Apps market. Considering Market by Operating System, the sub-segment i.e. IOS will boost the Personal Health Apps market.
Latest Market Insights:
On Dec 18, 2020, Health technology giant Royal Philips has entered into a definitive merger agreement to acquire Malvern-based BioTelemetry in a stock deal valued at USD 2.8 billion. The acquisition of BioTelemetry is a "strong fit" with its cardiac care portfolio and other technology that includes real-time patient monitoring, therapeutic devices, telehealth, and informatics.
On January 15, 2019, Medtronic plc has launched its MyCareLink Heart(TM) mobile app to support the world's first and only portfolio of pacemakers that can communicate directly with patients' smartphones and tablets.
The USA Health insurance portability and accountability act (HIPAA) law requires mobile app developers to ensure, not only application security from any third parties, but also sensitive patient data stored on the device or during data transmission. Also, The European Union General Data Protection Regulation (GDPR) has said that app launcher must provide users with the ability to protect and control their private information concerning the processing of personal data.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Personal Health Apps market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Personal Health Apps market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of 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 Personal Health Apps Developers, Software Developers and Integrators, Government organizations, Healthcare Professionals and Hospitals and Others.
This helps us to gather the data related to 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 includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.