What is the current size of the medical app market?

The medical app market has become a significant player in the healthcare industry. According to recent reports, the global medical app market was valued at approximately $10.2 billion in 2020 and is forecasted to reach a value of $31.3 billion by 2027, with a compounded annual growth rate (CAGR) of 16.4%. The growth of the medical app market can be attributed to the increasing adoption of smartphones and tablets, a growing demand for patient-centric healthcare, and an increasing need for remote healthcare services. The medical app market includes various types of apps, such as wellness apps, medical reference apps, fitness apps, and remote monitoring apps, among others. The market is expected to continue growing as consumers become more tech-savvy and demand for healthcare services increases worldwide.

This mind map was published on 29 May 2023 and has been viewed 198 times.