Healthcare Mobility Solutions Market

The global healthcare mobility solutions market is all set to flourish in the years to come as the need for patient care management grows strong. The market according to the preliminary research will be the strongest in North America.

Market Analysis in Brief

This study intends to analyse diverse aspects of the global healthcare mobility solutions market. The insights offered in this report are expected to aid in market growth examination over the forecast timeline. In 2022, the market reflected modest growth and per industry figures, it stood at around US$125 Bn in terms of value. According to preliminary study carried out by Fairfield Market Research, the healthcare mobility solutions industry will continue to grow at an impressive, double-digit CAGR in the years to come.

Key Report Findings:

• Advancements in technology to favor growth of the healthcare mobility solutions market
• COVID-19 pandemic influenced the need for remote health monitoring and other cloud platforms thus complementing market growth
• Rising need for patient care management to trigger need for healthcare mobility solutions
• Mobile devices to play a crucial role in the healthcare mobility solutions market
• North America projected to dominate the healthcare mobility solutions industry from a value standpoint

Growth Drivers

Technology Proliferation, and the COVID-19 Impact

Advances in technology have transformed the healthcare sector, home healthcare domain in particular. This has given ample opportunities for businesses associated with providing home or remote healthcare solutions intending to better the patient outcomes. Healthcare mobility being no exception has gained high traction worldwide especially with the dawn of smart healthcare.

Moreover, the COVID-19 pandemic has further triggered the need for remote patient monitoring and as such fuelled the trend of remote healthcare backed by the smart healthcare framework. By leveraging new age technologies such as the Internet of Things, cloud computing and Artificial Intelligence in the healthcare space, smooth workflow of activities has been possible resulting in favorable outcomes. Increased adoption of cloud-based platforms and telehealth predominantly during the COVID-19 pandemic opened potential growth avenues thus influencing the healthcare mobility solutions market.

In addition, digitalization coupled with rising usage of smart devices has been augmenting the growth of the market. This has enabled reduction in healthcare costs alongside providing a real time analysis and deep learning on the patient status resulting in patient success. Also, other applications such as remote data collection, epidemic outbreak and disease tracking, appointment setting and reminders, communication between healthcare professionals and patients and diagnostic with treatment support have added to the significance of healthcare mobility, thus complementing the growth of the healthcare mobility solutions market.

Growing Demand for Improved Patient Care Management

The demand for healthcare mobility solutions continues to increase at a significant pace backed by increasing need for continuous patient monitoring owing to growing patient concerns. In addition, healthcare mobility solutions facilitate patient-centric care that reduces healthcare costs. This consequently reduces the burden on healthcare providers and payers. This has further propelled the demand for various patient centric activities such as case management, utilization management, absence management, disease management, advocacy services and nursing.

Furthermore, patients have been relying on healthcare mobility solutions backed by rising awareness and growing proliferation of mHealth applications due to advancing technology. Also, several value-added health related services including doctor appointments, daily health alerts, recommended food diet plans and e-health check-up reports among others are available through mobile messaging supported by remote monitoring platforms.

In addition, shifting towards digitalization has enabled paperless patient records, digital management of patients, optimization in nursing activity and improved communication and consulting. This has resulted in an increased dependence on healthcare mobility solutions. The need for such solutions has been growing and transforming the healthcare industry, thus becoming a natural extension of the sector promoting enhanced patient care management. That said, rising need for patient care is expected to bolster the growth of the healthcare mobility solutions market.

Overview of Key Segments

Mobile Devices Likely to Reign Supreme

Technology proliferation and increasing dependence on devices such as tablets and smartphones has fuelled the use of healthcare mobility solutions through mobile devices. The mobile devices segment is expected to hold a significant share in the healthcare mobility solutions market from revenue and volume standpoints.

Moreover, access to advanced mobile networks such as 4G and 5G has further embossed a positive influence thus boosting the adoption of mobile devices as effective mobility solutions in the healthcare sector. In this backdrop, increasing use of mobile devices in patient monitoring and mobility is expected to complement the growth of the healthcare mobility solutions market.

Growth Opportunities Across Regions

North America Surges Ahead

Developed nations in the North America region are expected to account for a major share in the healthcare mobility solutions market. This can be attributed towards rapid development and penetration of technology in the healthcare sector, favorable healthcare infrastructure and healthcare incentives, increasing use of smartphones and digital growth.

The healthcare sector has taken a positive pathway as new trends have emerged since the past few years, such as the mHealth application that users leverage to manage personal health. This is backed by a rising number of technology providers in the region making it the hub of innovation, in turn offering potential opportunities of growth for the market.

Furthermore, rising geriatric population and incidences of chronic diseases has pushed the need for remote patient monitoring. This has created a massive demand for various virtual patient monitoring platforms and patient care management systems. Additionally, other macroeconomic aspects such as stable growth in the GDP per capita and rising healthcare spending is expected to further trigger growth of the healthcare mobility solutions market in North America.

Healthcare Mobility Solutions Market: Competitive Scenario

Few of the major players in the healthcare mobility solutions market include McKesson Corporation, Omron Corporation, Cisco Systems Inc., Oracle Corporation, Cerner Corporation, Zebra Technologies Corp., AT&T Inc., Koninklijke Philips N.V., and AirStrip Technologies.

Regional Classification of the Global Healthcare Mobility Solutions Market is Described Below:

North America

• U.S.
• Canada

Europe

• Germany
• France
• Spain
• U.K.
• Italy
• Russia
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East and Africa

• GCC
• South Africa
• Rest of Middle East and Africa

*Regions and countries are subject to change based on data availability

Key Elements Included In The Study: Global Healthcare Mobility Solutions Market

• Healthcare Mobility Solutions Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value, 2018 - 2022
• Market Value at Regional and Country Level, 2023 - 2030
• Market Dynamics and Economic Overview
• Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

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