In recent years, healthcare and wellness marketplace apps have emerged as a new trend in the healthcare industry. These apps offer a platform where users can easily access a range of healthcare and wellness goods and services, including telemedicine, prescription delivery, fitness tracking, healthcare devices, accessories & wearable’s, and fitness supplements.
With the increasing demand for healthcare and wellness goods and services, marketplace apps have become popular. The development of healthcare and wellness marketplace apps requires a deep understanding of the healthcare industry, including regulatory compliance, patient privacy, and security.
So, we consider all the factors and come up with this detailed guide on how to develop a healthcare and wellness marketplace app. Now, let’s proceed to know everything about healthcare and wellness marketplace app development.
Let’s get started!
What is Healthcare and Wellness Marketplace App?
The Health and Wellness Marketplace app is where you shop for goods and services online. It provides an opportunity for independent sellers to list their health care and wellness-related goods and services. There are various types of markets available in different sizes.
Usually, sellers choose the one that best suits their marketing strategy and types of goods and services. The technology and prices of health and wellness marketplace apps also vary depending on the location and concept of the marketplace.
The healthcare and wellness marketplace apps act as a middleman and connect sellers and customers. It connects them through a common platform and makes it convenient for both of them to serve each other’s purposes. The best part is that everything is offered in these health and wellness marketplace apps like accessories and wearables, personal care, nutrition and fitness supplements, lab test reports, healthy food and beverages, and more.
Develop a Healthcare and Wellness Marketplace App – Let’s Know Why?
Health and wellness marketplace apps have become a trend now with the growing influence of companies like Amazon, Daman Insurance, and more. These companies have become market leaders, earning billions of dollars and experiencing unprecedented growth.
Also, since mobile trading has become a preferred option for customers all over the world, it is certainly a good idea to create a marketplace app. These apps allow people to find and buy their favorite goods and services with just one click without having to go outside.
According to some statistics, the market for mobile commerce applications will experience exponential growth in the coming years, making it an ideal option to invest in them. Let’s scroll further to see the latest statistics, before moving on to health and fitness market app development.
Healthcare & Wellness Marketplace App – Some Interesting Numbers
- As per the reports, in 2023, mHealth apps will have a market value of 49.2 billion USD. Additionally, USD 105.9 billion in revenue is anticipated for the mHealth app in 2030.
- The healthcare app market is currently worth approximately $50 billion and is anticipated to grow to nearly $150 billion by 2028.
- According to a report, in 2021, the healthcare app market was worth about $50 billion, and it is expected to grow to nearly $150 billion by 2028.
- The global market for mHealth apps was worth USD 43.5 billion in 2021. From 2023 to 2030, the market is expected to grow at a CAGR of 11.6%.
- From 2023 to 2030, the global market for mHealth apps is expected to expand at a compound annual growth rate of 11.6% to reach USD 105.9 billion.
- The global digital health market is anticipated to reach nearly 190 billion US dollars by 2025, according to data gathered by Statista.
Types of Marketplaces – Take a Quick Glimpse
Not all marketplace apps are the same. Therefore, before you start creating a healthcare and wellness marketplace app, you should familiarize yourself with the types of such applications according to various criteria. In this way, you can choose the model that best suits your business and the needs of your target audience. Here are the types:
1. By Goods & Services
The first way to classify a marketplace is according to its goods and services. There may be the following options:
- Goods (for example, healthcare devices, accessories & wearables, fitness supplements, and many others)
- Services (for example, nutritionists, physiotherapists, personal trainers, and many others)
- Hybrid (both goods & services)
2. By Target Audience
Markets have different target audiences based on who is serving whom. This is what we mean:
- Business to business (B2B). It is a model of market cooperation, where a company offers its goods or services to other companies.
- Point to point (P2P). In such markets, some consumers interact with others, offering each other goods or services.
- Business to Consumer (B2C). It is a marketplace where companies offer their goods and services to individual consumers.
3. By Focus
Markets can be divided into vertical or horizontal types. Vertical types offer goods or services of a specific niche or type, while horizontals offer goods from different industries. According to a healthcare and fitness app development services provider, you should choose the verticals as you will provide goods and services in specific niches i.e., healthcare and wellness.
4. By Participants
Marketplace apps can be classified as two-sided or multi-sided depending on the participants. When a single supplier sells its goods or services to another party, it is a two-sided market.
On one side is the taxi company and on the other are the passengers. When there are numerous providers of services or goods on one side and their consumers on the other, it is a multifaceted market.
5. By Management Approach
Depending on the level of control, the marketplace app can be unmanaged, lightly, or fully managed. Choose the management model that suits you the best.
Key Features of the Healthcare and Wellness Marketplace App
As you are planning for marketplace app development, there are some core features that you need to incorporate into your healthcare and wellness marketplace platform.
|Social & Sign-up Login||Social and Sign-up Login||Goods management|
|Goods/Services listing with features||Good management||Seller management|
|Search & Filters||Settlement module||Logistics & banner management|
|Ratings & Reviews||Reports & analysis||Category management|
|Favorites listing||Notifications||Offers & discount management|
|Questions & Answers||Offers & Discounts||Payments management|
|Offers/Discounts||Ratings & Reviews||Reports & analysis|
|Vendor & User profile||Feedback & seller support||Feedback & support|
|Billing & shipping addresses||Orders management||User management|
|Delivery/Order status||Returns management||admin user management|
|Order history & tracking||Inventory management||Refunds management|
What Are You Waiting For?
Now, you have got an idea about the major features of the healthcare and wellness marketplace app. Here, we are going to mention the step-by-step process for marketplace app development. Let’s proceed to know in depth.
How to Develop Healthcare and Wellness Marketplace App?
Marketplace app development is not simple. From the ideation and design of an effective platform to ensure orders are fulfilled on time, all modules, processes, and systems must fit together and work together. For those of you just starting out, these quick tips on developing apps for the health and wellness market will help you get a feel for the big picture.
Step 1: Research Extensively and Intensively
Research, as always, is your best friend when it comes to starting the development of any new product. Be sure to research your target audience, preferred market, and market feasibility before beginning your health and wellness marketplace app development planning.
Step 2: Make a Plan Till the Last Detail
After the investigation, a new part enters the scene! Planning and preparation!
It is important to know the direction of development of your health and wellness market app before you begin your journey.
Be sure to prepare a detailed business plan that outlines your vision, goals, financial projections, management team, and planned activities that will ultimately help you meet your goals.
A business plan will also help you attract your investors when the time comes, and the milestones you outline in your roadmap will help you stay on track with your projected timelines.
Step 3: Map Out Your App’s Key Features
Every marketplace app should have a set of key features that ensure the smooth running of the app. As per a healthcare app development company, these include easy onboarding capabilities, checkout integrations, one-page process checkouts, social media integrations, cart capabilities, search features, AI-powered recommendations, and more. So plan your app features and move on to the next step.
Step 4: Devote Time in Good UI/UX Design
Navigating your health and wellness marketplace should be intuitive for your users, even first-time users. You can ensure your marketplace navigation is smooth by investing time and resources in good UI/UX development.
Your marketplace system should be designed in such a way that there is no confusion in your user flows. A neat design with the correct placement of banners and widgets will ensure that your user experiences are consistent and enjoyable.
Step 5: Choose a Suitable Technology Stack
Your tech stack will determine your final product in more ways than one, so be careful when selecting it. Here again, a lot of research is recommended!
The type of developers and skilled resources you hire will depend on the technology stack you choose. Your support and maintenance costs also largely depend on it.
Its tech stack will also play a crucial role in the pace at which its development progresses. Furthermore, the future scalability of your marketplace application is also intertwined with your technology stack.
Once you choose a technology stack and start working with it, it will be difficult to change it midstream, so it’s always a good idea to review your technology stack selection with an industry professional before incorporating it.
Step 6: Onboard an Experienced Marketplace App Development Team
The technical support you receive can make or break your marketplace! The better your team, the faster and smoother your app development will be. It’s important to ensure that you hire after careful deliberation and bring in experienced talent who can steer your app development in the right direction.
Alternatively, instead of hiring and training an in-house team for a unique requirement, you can outsource our dedicated app developers for your project. Once you come up with your health and fitness marketplace app idea, our team will start working accordingly.
So, don’t waste your precious time, let’s come together to build something amazing. Our team of dedicated marketplace app developers will turn your dream idea into a beautiful reality.
Let’s Unleash The Power of AI – Marketplace App Development!
The development of AI-driven healthcare and wellness marketplace apps is rapidly growing in popularity due to the numerous benefits they offer to both businesses and consumers.
So, we at Quytech provide AI-powered marketplace apps. These apps use artificial intelligence algorithms to analyze user data and provide personalized recommendations, making it easier for consumers to find the goods or services they are looking for.
There are various benefits of implementing AI in your healthcare and wellness marketplace app development. Let’s explore all!
One of the key benefits of AI-driven marketplace app development is the ability to provide personalized recommendations to users based on their browsing history and previous purchases. This can be achieved through machine learning algorithms that analyze large volumes of data to identify patterns and trends in user behavior. As a result, users are more likely to find goods that match their preferences, which can increase customer satisfaction and loyalty.
Another advantage of AI-driven marketplace app development is the ability to automate tasks that would otherwise require manual intervention. For example, chatbots powered by AI can be used to answer customer inquiries and provide support, freeing up customer service staff to focus on more complex issues. Similarly, AI algorithms can be used to monitor sales trends and adjust pricing automatically to optimize revenue.
AI-driven marketplace app development offers a wealth of benefits to businesses and consumers alike. By providing personalized recommendations and automating tasks, these apps can increase customer satisfaction, loyalty, and revenue. However, We consider all the major factors including appropriate AI algorithms and tools, and user interface design when developing the app. So, what are you waiting for? Let’s unleash the power of AI to build something unique together.
How Much Does it Cost to Develop Healthcare & Wellness Marketplace App?
The cost for healthcare and wellness marketplace mobile app development depends on a variety of factors and features you want to incorporate into your app. The difference in cost depends on various factors such as development approach, complexity, developer location and experience, features and functionality, and more.
If you want an exact quotation for healthcare and wellness marketplace app development, please get in touch with our experts. Our team of professionals will quote you the best rates for your project.
Healthcare & Wellness Marketplace App Development – Final Verdict
The guide detailed above on developing apps for the health and wellness market will help you create an efficient and successful mobile app for the marketplace. This will allow you to follow your interests and achieve success in your project.
However, the most important task is to start with proper market research and learn all the necessary details about launching and running your health and wellness marketplace app. To successfully meet your project goals and make a mark in this growing industry, we strongly recommend that you partner with professionals and experts who have experience building successful marketplace applications.
But don’t know who to contact? No problem! We’ve got you covered. Contact us and share your health and wellness marketplace app idea, we’d love to turn your idea into an ROI-generated reality. We assure you that we will provide the desired results and create a marketplace app that can connect well with your customers and offer them what they want.