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Credible Market Insight has released a new report, which estimates that the Global Urgent Care Apps Markets rose to nearly $600 million in valuation in 2019. The market is expected to grow at robust pace with 40.3% CAGR during 2020-27, thanks to rising demand to treat chronic illnesses, and increased federal incentives in the US accordance with federal performance indexes.
The growing demand for chronic care has necessitated the urgent need to provide timely, effective, and efficient healthcare services. Centre for Disease Control and Prevention estimates that the US spends nearly 3 trillion dollars on healthcare. Out of this over 90% goes to treating chronic illnesses, and mental conditions. The growing influx of diseases like diabetes, cancer, AIDS, Alzheimer’s, and cardiovascular disease remains a key challenge for the healthcare systems globally. Moreover, the urgent care apps have shown promise in providing easy-to-access consultations, which has led to reduction in repeated visits to hospitals. The growing demand to reduce burden on healthcare systems, and cater to growing disabilities, and chronic disease-infested rural population remain major drivers of growth in the global urgent care apps.
Growing Demand for Pain-relieving Medication to Drive Growth of the Urgent Care Apps Market
According to the CDC, the number of drug overdose deaths decreased by 4% from 2017 to 2018. However, the number of drug overdose deaths remained 4 times higher than in 1999. Furthermore, nearly 70% of nearly 70,000 deaths involved opioids. To some the opioid crisis may seem like an event of the ordinary. However, the epidemic has long been in the making in rural America. For example, according to CDC, the rural population is at higher risk of motor crashes, heart diseases, and a host of other chronic illnesses. According to the American Journal of Preventive Medicine, one in three adults living in rural America lives with a disability. Furthermore, 9% rural residents were more likely to report a disability, and 24% more were likely to report 2 or 3 disabilities at once. Furthermore, nearly 61 million adults are living with a disability in United States.
The pain-relieving medications are essential for treating chronic illnesses like cancer, strokes, and heart disease, among others. Furthermore, rural population does not have equal access to modern healthcare as compared to its urban counterpart, making it more difficult to get timely prescriptions, consultation, counselling, and immediate hospitalization. The growing demand for treatment for chronic illnesses like cancer remain a major driver for growth for urgent care apps market. Despite having lower numbers for most forms of cancers per 1,000 individuals, the rural population suffers from higher death rates for cancer. Furthermore, the rate of decline for cancer deaths remains extremely slow, and there is a major scope for improvement. Additionally, certain cancers like lung cancer caused due to habits like tobacco consumption remain high in rural America. The screening for these cancers, and cervical, and colorectal cancers can provide a major improvement in slowing death rates for this chronic illnesses. The rising demand for access in rural healthcare, and growing application for treatment of diseases like cancer, diabetes, and obesity will drive major growth for players in the urgent care apps market.
Growing Healthcare Challenges in Rural Areas to Drive Major Growth
According to the latest figures from the US census bureau, rural Americans make up about 15% of the US population, or about 46 million people. Moreover, according to Centre for Disease Control, and Prevention (CDC), rural Americans are at higher risks from cancer, unintentional injuries, heart disease, chronic lower respiratory disease, and stroke. Furthermore, unintentional injuries are as high as 50% more in rural Americans as opposed to their counterparts in urban areas. Furthermore, rural folks also face other calamities more including opioid overdoses, risk of death from motor crashes, and are on average, older, more disabled, and sicker than urban dwellers.
Despite major challenges faced in rural areas, the number of pharmacies and hospitals face closures due to shrinking sizes of rural areas. This has led to increased government initiatives to link healthcare services with digital initiatives to equalize access for people living in rural areas. Moreover, it has also led to growth of online channels like tele pharmacy, and urgent care apps. The initiatives has led with robust investment in digitalization from healthcare providers, along with growing attempts to prove efficacy, thanks to rising legislations aimed at improving transparency, and driving efficiency in healthcare systems.
Rising Efficacy of Technology for Monitoring, and Diagnosing Patients Remains Key to Growth
Heart disease, along with strokes remains a leading cause of death in the rural population. However, factors like high blood pressure and subsequent control on blood pressure can be achieved with device-based tracking, and supporting counseling, and guidance on medication. Moreover, detecting chronic illnesses like cancer early has also shown promise for tremendous improvements in results, and reducing expenditure on treatment. Urgent care apps promise to provide prevention measures, screening, education, access to care, and support for cancer survivors. Obesity also remains a major challenge across the US, with a quarter of the US young population deemed unfit by the CDC to enlist in the military. Furthermore, obesity also leads various illnesses like cancer, arthritis, heart disease, diabetes, among others. It is essential for concerning health authorities to provide regular counsel, and support for obese patients, and today’s app technology can provide various platforms to help exercise more, and stay fit. Similarly, smoking remains a leading cause of preventable deaths in United States. The habit also remains significant risk factors in other illnesses like chronic lower respiratory disease. The growing demand for education support promises to create major opportunities for growth for players in the urgent care apps market.
The global urgent care apps market remains a competitive and innovative landscape, thanks to rising investment from key players globally. Some main players in the urgent care apps market are Pulsara (US), Allm (Japan), PatientSafe Solutions (US), Vocera Communications (US), Twiage (US), Voalte (US), Imprivata (US), TigerConnect (US), and Siilo (Netherlands).
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