NEWARK, Del., April 23, 2023 (GLOBE NEWSWIRE) — In 2022, the market for digital health monitoring applications will be valued at USD 13,943.7 million. It is estimated to be worth $15,904.1 million in 2023.
The global market for digital health monitoring applications is expected to reach USD 77,489.3 million by the end of 2033. It is projected to grow at a CAGR of 15.6% over the estimated timeframe.
Digital health tracking applications range from those that offer a platform for services such as chronic disease management and virtual medical consultations. These services are provided to help individuals manage their own health by tracking daily steps and gaining access to exercise and nutrition plans.
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Digital health tracking apps have grown in popularity due to their accessibility and simplicity. These allow people to monitor their heart rate, check their regular exercise routines and identify their sleep patterns while relaxing on their own devices.
Health apps could elevate the commercial position of the medical ecosystem and improve user health outcomes. In the next ten years, penetration into new geographies is also predicted to help increase the demand for digital health monitoring applications.
The growth is further related to the increasing demand for in-app purchases and the dependence of global virtual lives on the proliferation of mobile applications. The emphasis on maintaining a healthy lifestyle would also create a need for fitness software.
The market is expanding due to the worldwide increase in smartphone usage and accelerating technological advancement. Increased data usage, widespread internet usage and easy availability of promotional offers such as subscription discounts are all contributing to the growth of the industry. As a result of the development of information technology, the operating models of the fitness industry are expected to see a significant shift during the period under review.
Fitness apps provide customers with individualized regimens of eating, exercising, walking and sleeping that require no devices or equipment and are based on their daily schedules. They also use current innovations such as neural networks, data mining and other cutting-edge new technologies. These programs continuously monitor human activity, making them a convenient way to stay on top of health issues with little or no human input.
Key takeaways from the Digital Health Monitoring Application market study
- The platform-based Android health apps segment accounted for around 8% of the digital health monitoring apps industry in 2022.
- The digital health monitoring app market in the United States is likely to account for 8% share in 2023.
- The digital health monitoring app industry in India is projected to post a CAGR of 1% during the estimated period.
- By application category, the fitness management segment is expected to hold a lion’s share of 1% in 2023.
- In terms of revenue model, the in-app purchases category is expected to expand at a CAGR of 6% during the forecast period.
Due to bad eating habits, consumption of unhealthy foods and adverse work life stress, Millennials and Generation Z are worried about being overweight or obese. The main goal of newly announced fitness apps is to measure weight loss success and provide solutions to mental health issues. Says the chief analyst.
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Competitive landscape: The market for digital health monitoring applications
Digital health app developers are adopting various strategies to improve user engagement, enhance functionality, and differentiate their products from competitors. They use machine learning and artificial intelligence algorithms to provide personalized health insights and recommendations.
Several other companies are integrating their technologies with wearables and sensors to enable seamless data collection and analysis. They also work with healthcare providers and payers to offer value-added services such as telemedicine and remote monitoring.
For example,
- In February 2023The UK government has officially started testing a free fitness monitor. It is linked to the app and rewards users with discount coupons and movie tickets for eating healthy and exercising more. With a government investment of £3 million, the Better Health: Rewards app is currently being trialled in the West Midlands, England.
Profiled key companies
- Eatative
- MyNetDiary
- MyFitnessPal
- C25K
- Pear
- Fooducate
- Healthy salary
- A healthy diet
- Flo
- FitrWoman
- Cycles
- kindara
Get valuable insights on the Digital Health Monitoring App market
In its new offering, Future Market Insights (FMI) provides an unbiased analysis of the Digital Health Monitoring App market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study reveals compelling insights into the demand for digital health tracking apps based on platform (Android health apps, iOS health apps), app category (fitness management, nutrition and diet, period tracking, fertility tracking, sexual self care). , mental health, remote patient monitoring, chronic disease monitoring, medication reminders), revenue model (subscription model, in-app purchase, one-time purchase), end user (male, female) and region.
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Digital Health Monitoring Apps Market Outlook by Category
By platform:
- Health apps for Android
- iOS based health apps
By application category:
- Fitness Management
- Nutrition and diet
- Menstruation monitoring
- Fertility tracking
- Sexual self-care
- Mental health
- Remote patient monitoring
- Chronic disease monitoring
- Medication reminders
- Other
By revenue model:
- Subscription model
- In-App Purchase (Freemium)
- One-time purchase
By End User:
By region:
- North America
- Latin America
- Europe
- east asia
- South Asia and the Pacific
- Middle East and Africa
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Content
1. Summary | Market for digital health monitoring apps
1.1. Global Market Outlook
1.2. Demand-side trends
1.3. Supply-side trends
1.4. Analysis and recommendations
2. Market overview
2.1. Market coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key market trends
3.1. Key trends affecting the market
3.2. Product innovation / Development trends
4. Price analysis
4.1. Price analysis using digital health monitoring applications
4.2. Comparative analysis of the average price
5. Global Market Demand Analysis (Value in USD Million) 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Value Analysis (USD Million), 2018 to 2022
5.2. Projected current and future market value ($ million), 2023 to 2033
6. Market background
6.1. Macroeconomic factors
6.2. Predictive factors – Relevance and impact
6.3. A string of values
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