Disease Management Apps Market
“The Business Research Company recently released a comprehensive report on the Global Disease Management Apps Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company’s, the disease management apps market size has grown rapidly in recent years. It will grow from $10.17 billion in 2023 to $11.55 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to infrastructure development boom, mining and quarrying activities, agricultural mechanization, government infrastructure investment, global economic growth.
The disease management apps market size is expected to see rapid growth in the next few years. It will grow to $18.96 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to renewable energy projects, focus on sustainable construction practices, e-commerce infrastructure development, rise in disaster response and recovery efforts, global urban population growth. Major trends in the forecast period include enhancement of operator comfort and safety, application of advanced materials for durability, integration of intelligent machine control systems, focus on modular and versatile attachments, implementation of predictive maintenance technologies, adoption of remote control and teleoperation..
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Market Drivers and Trends:
The increasing prevalence of chronic disorders is expected to propel the growth of the disease management apps market going forward. Chronic conditions also known as chronic diseases refer to long-lasting medical conditions that persist over an extended period, typically for three months or more. Disease management apps are in chronic diseases for providing tools to track symptoms, log medication intake, monitor vital signs, and identify triggers. For instance, in September 2022, according to the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by chronic diseases every year across the globe. There were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Therefore, the increasing prevalence of chronic conditions is driving the growth of the disease management apps market going forward.
Major companies operating in the disease management apps market are focusing on technological advancements such as GenAI to increase their profitability in the market. GenAI is an artificial intelligence technology that enables the automation of clinical summary report generation and enhances communication between patients and providers. For instance, in August 2023, Huma Therapeutics, a UK-based healthcare technology company, launched the GenAI artificial intelligence (AI) disease management platform technology using Google Cloud. This latest technology is specifically designed to integrate into its disease-management platform to improve the decision-making tools for diagnostic treatment and recommendations.
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Major Key Players of the Market:
Alphabet Inc., International Business Machines Corporation, Siemens Healthineers AG, Koninklijke Philips N.V. , Garmin International Inc., DexCom Inc., Epic Systems Corporation, Teladoc Inc. , Fitbit LLC, athenahealth Inc., Allscripts Healthcare Solutions Inc., Omada Health Inc., Calm.com Inc., Livongo Health Inc., American Well Corporation, MyFitnessPal Inc., Talkspace Inc., Noom Inc., Ada Health GmbH, Healthy.io.Ltd., Medisafe International LLC, Sleep Cycle AB, Buoy Health Inc., Azumio Inc., Propeller Health Inc., Welldoc Inc., Informed Data Systems Inc., Curable Inc.
Disease Management Apps Market 2024 Key Insights:
• The disease management apps market is expected to grow to $18.96 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%.
• Chronic Condition Prevalence Fuels The Expansion Of The Disease Management Apps Market
• Companies Harness Genai For Enhanced Profitability In The Disease Management Apps Market
• North America was the largest region in the disease management apps market in 2023
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This release was published on openPR.
