In today’s digital age, our reliance on smart devices has surged exponentially. The app market is flooded with millions of offerings, encompassing a wide spectrum of functionalities. Among these, healthcare apps stand out as a highly sought-after category. This growth in popularity is attributed to the combination of technological advancement, increased smartphone usage, improved global Wifi infrastructure, and smooth access to knowledge.
Modern healthcare system utilizes wearable and ingestible sensors for diagnosing illnesses, tapping into mobile apps to enhance patient care. The demand for healthcare app development is growing due to rapid industry evolution. The sector’s swift growth is poised to hit billion-dollar levels soon.
According to Data Bridge Market Research, the mobile healthcare apps market is projected to surge from USD 6.89 billion in 2022 to USD 50.94 billion by 2030, with an anticipated CAGR of 28.4% from 2023 to 2030.
In 2021, IQVIA reported over 350,000 digital health apps in app stores, fueling market expansion. This highlights the growing demand for Healthcare App Development and underlines the expanding landscape of digital health solutions.
Going ahead in this blog, we will explore the healthcare business model, examining its intricacies and potential for innovation and growth but first let’s see what keeps a majority of the startups away from success.
