Urgent Care Apps Market Research, Key Players, Analysis And Forecast 2027: Grand View Research Inc.

 

The global urgent care apps market size is expected to reach USD 8.6 billion by 2027, expanding at a CAGR of 39.4%, according to a new report by Grand View Research, Inc. Growing internet penetration and smartphone connectivity, increasing demand for patient-centric healthcare are factors driving the market. In addition, the increasing prevalence of various health disorders majorly strokes, diabetes, trauma, cardiovascular disorders, and obesity, and increasing adoption of digital health technology is anticipated to raise demand for healthcare via digital medium thereby, aiding the market growth. According to the data published by the World Stroke Organization in 2016, more than 13.7 million new cases of stroke are registered each year. It further stated that 9.5 million new cases of ischemic stroke were registered in 2016.

In addition, benefits offered by these apps for better management of check-ups and medicinal dosage are positively contributing towards the growth of the segment. Moreover, the demand for convenient trauma care is increasing among the elderly population owing to physical, sensory, and cognitive changes associated with it. This, in turn, increases the chances of moderate to severe injuries such as bruises, head trauma, and hip fractures. According to WHO, the population above 65 years of age suffer the highest number of fatal falls globally.

On the other hand, evolving innate curiosity, developmental stages, and risk-taking factors are further increasing the demand for trauma care services among the pediatric population. Increasing consumer awareness regarding benefits offered by urgent care apps, such as affordable healthcare, convenient accessibility, regular follow-ups, and reduced waiting times, is further propelling industry growth. In addition, increasing government initiatives, rising investments by nonprofit organizations, and private companies to create awareness and to support the adoption of urgent care apps is positively impacting the market growth.

Benefits offered by urgent care apps such as chronic pain guidance, pain management function for panic situations, reduced hospital readmissions, immediate appointment booking, and a growing preference among healthcare facilities to deliver patient-centric care are the key factors driving the market. Increasing consumer switch from the traditional communication channels that are highly prone to interruptions and bottlenecks, to a real-time setup offering various benefits and addressing numerous significant problems that are affecting the healthcare sector is increasing the demand for urgent care apps for various health concerns. The increasing prevalence of various conditions that include trauma, stroke, cardiovascular diseases, Parkinson’s disease, and others along with the growing adoption of urgent care apps for consultation and treatment at affordable rates is further driving the market.

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According to WHO, around 17.9 million deaths were recorded due to CVDs in 2016, out of which 85% of deaths were registered due to stroke and heart attack. Developed countries, such as the U.S., Canada, Australia, and the U.K., spend a huge proportion of their GDP on healthcare, which is another factor attributing to the market growth. Moreover, increasing demand for urgent and convenient access to care with regular follow-ups is driving the demand for urgent care apps. The launch of urgent care apps is anticipated to deliver robust growth in clinical care by scaling up healthcare services globally, resulting in enhanced patient safety, improved patient engagement, care quality, and treatment outcomes.

Urgent Care Apps Market Report Highlights

• The post-hospital apps segment emerged as the leading app type segment in 2020 with a revenue share of 43.3% in the market
• The trauma segment accounted for the largest revenue share in 2020, whereas the stroke segment is projected to expand at the fastest CAGR during the forecast period
• North America accounted for the largest revenue share due to the increasing geriatric population, developed healthcare infrastructure, and better internet connectivity.

Growing strategic alliances such as collaborations and licensing partnerships among key industry players and various healthcare facilities such as hospitals and trauma centers are the key strategies aiding the market growth. For instance, in October 2018, Pulsara upgraded its existing Pulsara mobile communication app to PULSARA 10.0 version by adding significant features pertaining to cardiac arrest, trauma care, and sepsis. This technological update aided to cater to a large patient base suffering from cardiac arrest. Some of the prominent players in the urgent care apps market include:

• Allm Inc.
• Hospify
• Johnson & Johnson Health & Wellness Solutions, Inc.
• PatientSafe Solutions
• Alayacare
• Twiage LLC
• TigerConnect
• Siilo B.V.
• Imprivata, Inc.
• MEDISAFE