PUBLISHER: Grand View Research | PRODUCT CODE: 1268697
PUBLISHER: Grand View Research | PRODUCT CODE: 1268697
The global disease management apps market size is expected to reach USD 22.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.3% from 2023 to 2030. The rising consumer demand to monitor their health and growing trend of prioritizing a healthy lifestyle are anticipated to drive global disease management apps market. Moreover, increasing smartphone and internet penetration and surging trend of preventive healthcare are also expected to propel market at certain extent. Also, the COVID-19 pandemic has significantly boosted the demand for health applications, and diseases management applications to track disease symptoms and health.
Moreover, the rising consumer awareness about health risks associated with poor nutrition is bolstering the demand for disease management apps. Some of the common disease management apps are, Medisafe, Sleep Cycle and others. According to the study conducted by World Economic Forum in September 2020, the demand for fitness and disease tracking apps increased by 46% in terms of downloads and is projected to grow more as people started using smart band, wearables on large extent.
In addition, the emergence of novel technologies and flourishing demand for diseases management apps with other parameters tracking has driven the market at rapid pace. Moreover, increasing initiatives by market participants to develop enhanced applications owing to their escalated demand is further fueling market's uptake. For instance, in February 2021, Takeda Pharmaceuticals Limited launched an application for the management of patients with rare lysosomal storage disorder. This newly launched application is expected to overcome challenges in managing lysosomal storage disease.
Furthermore, the aging population, hybrid lifestyle, and rise in alcohol consumption are contributing to long term health conditions thereby fueling the demand for health tracking applications. In addition, rapid urbanization, technological advancements in mhealth space and addon features of disease management apps like medication reminders, symptom tracking, and remote consultation features are anticipated to facilitate uptake of these applications over the forecast period.