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:
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:
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
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