Healthcare Mobility Solutions Market

Market Study on Healthcare Mobility Solutions: Demand for Mobile Devices to Surge

Healthcare Mobility Solutions Market Segmented By Mobile Devices, Mobile Applications, Enterprise Mobility Platform Services in Enterprise Solutions, mHealth Applications

  • March-2022
  • PMRREP33023
  • 344 Pages
  • Healthcare
  • PPT, PDF, WORD, EXCEL

Healthcare Mobility Solutions Market Outlook

The healthcare mobility solutions market is anticipated to have a prodigious CAGR of 21.9 % during the period of 2022-2032. The healthcare mobility solutions market is anticipated to reach US$ 847.4 Bn in 2032, from US$ 91.7 Bn in 2021.

“The current transformation in healthcare and implementation of upgraded technologies are helping to increase productivity and provide a superior experience for end users, which is driving the market demand for healthcare mobility solutions.”

The healthcare mobility solutions market is being fueled by the growing adoption of smartphones and tablets in healthcare systems, a growing focus on patient-centric mobility apps, and increased connectivity to improve the quality of healthcare solutions.

Attributes

Details

Healthcare Mobility Solutions Market CAGR (2022-2032)

21.9%

Healthcare Mobility Solutions Market Size (2022)

US$ 116.7 Bn

Healthcare Mobility Solutions Market Size (2032)

US$ 847.4 Bn

Find Out More about the Report Coverage

Companies

  • AirStrip Technologies, Inc.
  • AT & T, Inc.
  • Cerner Corporation
  • McKesson Corporation
  • Koninklijke Philips N.V
  • Cisco Systems, Inc.
  • Oracle Corporation
  • SAP SE
  • Omron Corporation
  • Zebra Technologies Corporation

How Does COVID-19 Impact the Healthcare Mobility Solution Market?

COVID-19 has wreaked havoc on the economy as well as the healthcare system. The COVID-19 pandemic has strained the global healthcare system, and wealthier countries are anticipated to experience an economic downturn as a result. The COVID-19 pandemic has had a negative impact on the healthcare system, with revenue dropping by 50% to 70% since March.

A number of minor hospitals, clinics, and nursing homes have had to close their doors as a result of the pandemic. Elective surgical treatments have been postponed due to social alienation and localized curfews. Furthermore, visa cancellations have caused a halt in medical tourism, which may have a detrimental impact on the growth of the healthcare mobility solutions market.

Furthermore, during the COVID-19 outbreak, the use of mobile devices rose tenfold, requiring a lot of firms to expand their capacities and offer digital solutions to improve medical operations.

In ICUs and emergency rooms, clinicians and physicians can use mobile devices and access resources to diagnose patients' illnesses. This helped to provide a smooth workflow during the COVID-19 pandemic, which increased the demand for mobility solutions in mobile devices.

In a healthcare institution, mobile devices such as cellphones, tablets, and laptops offer first-line communication between staff and facility centers. Even after the COVID-19 crisis, the healthcare mobility solutions market is anticipated to reach US$ 148.7 Bn by 2023.

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What Leads to the Growth of Healthcare Mobility Solutions Market?

The rising use of smartphones among the general public is one of the key factors driving the growth of the healthcare mobility solutions market. Due to an increasing focus on patient-centric mobility applications and increased use of advanced connections to improve the quality of healthcare solutions, the market for healthcare mobility solutions is growing.

Moreover, the rise in demand for these solutions, owing to their cost-effectiveness and ease of use, resulting in improved workflow and doctors advocating the usage of mobility solutions, has a positive impact on the healthcare mobility solutions market.

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What are the Lucrative Opportunities for the Healthcare Mobility Solutions Market?

A shortage of nursing personnel, increased digitization in the healthcare sector, wireless network penetration, improved healthcare infrastructure, and an increase in healthcare spending all benefit the healthcare mobility solutions market.

Furthermore, in the forecast period of 2022 to 2032, technology advances provide lucrative prospects for healthcare mobility solutions market players. The development of novel healthcare mobility systems that can support a greater volume and variety of linked devices is projected to boost the global healthcare mobility solutions market.

Concerns about privacy and security are projected to stifle market growth. One of the primary issues that healthcare mobility solution vendors confront is ensuring data privacy and security. Unauthorized access, identity theft, data hacking, and patient data alteration/modification are all significant concerns in terms of security and privacy.

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What are the Challenges faced by the Healthcare Mobility Solutions Market?

Furthermore, the market's growth is projected to be constrained by its inadequate data integration capabilities. Although clinical professionals and consumers throughout the world prefer mobile devices and healthcare apps to track and manage healthcare outcomes, mHealth applications' restricted capacity to exchange and access information is creating a little impediment to the market's rapid expansion.

Data security difficulties, low battery life of mobile computers, lack of common communication protocols and reimbursement rules, and infrastructure and cost issues are all important roadblocks to the market's growth.

Comparative View of Adjacent Healthcare Mobility Solutions Market

Attributes

Healthcare Mobility Solutions Market

CAGR

(2022-2032)

21.9%

Market Value

(2026)

US$ 257.68 Bn

Growth Factor

Demand to remain high due to more focus on patient-centric mobility applications.

Opportunity

Development of a novel healthcare mobility system for greater volumes.

Key Trends

Benefited from increased in healthcare spending and better infrastructure

Comparative View of Adjacent Mobile Healthcare Device Market

Attributes

Mobile Healthcare Device Market

CAGR

(2022-2032)

35.03%

Market Value

(2026)

US$ 119.8 Bn

Growth Factor

Higher demand due to cost effectiveness and improved health awareness.

Opportunity

Detection of chronic health conditions through mobiles can emerge in the market.

Key Trends

Change in product and R & D leads to a strong market.

Comparative View of Adjacent Healthcare Interoperability Solutions Market

Attributes

Healthcare Interoperability Solutions Market

CAGR

(2022-2032)

14%

Market Value

(2026)

US$ 5.5 Bn

Growth Factor

Adoption of EHRs and several IT solutions.

Opportunity

Automated Technology and the need for secure data create a lucrative market.

Key Trends

Implementation of robust strategies for securing sensitive health data.

Mobility is becoming more prevalent in the healthcare industry. Mobility solutions can improve patient care, reduce costs, improve workflow efficiency, and boost patient throughput while lowering risks and costs.

Enterprise mobility solutions enable the integration of results from one department with several databases, allowing for faster diagnosis, shorter response times, and faster decision-making, all of which improve patient outcomes and treatment quality.

Furthermore, the mobile devices boom and growing preference for self-care management have accelerated the penetration of healthcare apps among consumers to new heights in the future years. The high cost of infrastructure setup and technical support services, as well as the lack of common communication protocols and reimbursement regulations, are limiting this healthcare mobility solutions market's growth.

The rising need to reduce healthcare costs and improve clinical efficiency, as well as the growing adoption of smartphones, tablets, and PDAs in the healthcare ecosystem, the availability of advanced connectivity to improve the quality of healthcare mobility solutions, and better cost efficiency encouraging medical professionals to adopt healthcare mobility solutions, all contribute to market growth.

The expanding elderly population and burden of chronic diseases, implementation of initiatives to shift the risk burden from payers to providers, and government attempts to promote patient-centric care are all important driving drivers for the patient care management market.

Patient care management includes services such as utilization management, case management, sickness management, absence management, nursing, and advocacy. As a result of increased awareness and penetration of mHealth apps, patients are anticipated to be using healthcare mobility solutions on a big scale in the next few years.

What is the Segmentation Outlook for the Healthcare Mobility Solutions Market?

The healthcare mobility solutions market is segmented into product & services, application, end user, and region.

Healthcare providers accounted for the greatest portion of the end-user market. The high penetration of capable devices, such as mobile devices, RFID scanners, and bar code scanners, in healthcare systems.

Hospitals, clinics, and other ambulatory care settings, as well as the rapid adoption of mobility software/applications to streamline the workflow and efficiency of clinical processes and patient outcomes, are responsible for the greater share of this end-user segment.

Which Segment is likely to Lead the Healthcare Mobility Solutions Market by Applications?

Enterprise solutions, followed by mHealth apps, account for the majority of the healthcare mobility solutions market, with a CAGR of 21.8% by 2032. This is due to the increasing benefits of mobility solutions in patient care, such as efficient patient care, quicker reaction time, greater workflow efficiency, and increased patient throughput, all while lowering costs and risks.

The chronic care management category of the mHealth applications, i.e. patient-centric applications market, is predicted to develop at the fastest rate during the forecast period.

Which Segment is likely to Lead the Healthcare Mobility Solutions Market by Product and Services?

On the basis of product and service, mobile devices have the greatest market share, with a strong CAGR of 22.3% expected by 2032. Owing to the growing ease of using a mobile device and affordability, the demand for healthcare mobility solutions with mobile devices is likely to grow during the forecast period.

Which is the Key Region in the Healthcare Mobility Solutions Market?

Regions

CAGR (2022-2032)

United States

20.2%

Japan

23.8%

China

25.7%

Australia

23.8%

With the anticipated market value of US$ 244.4 billion by 2032, North America dominated the worldwide healthcare mobility solutions market, followed by Europe, Asia-Pacific, and the rest of the world. The development of innovative mobility solutions, faster adoption of smartphones and related advanced connectivity and network, an increase in chronic diseases, and the presence of major mobility solution companies in this region are all driving growth in the developed markets of North America and Europe.

Demand in the APAC and RoW markets is predominantly driven by expansion in the broader healthcare business, as opposed to the North American and European industries.

Factors such as the increasing number of healthcare systems, such as hospitals, clinics, nursing homes, and other ambulatory care settings, driving the demand for healthcare mobility solutions.

The rising prevalence of chronic diseases and disorders that necessitate continuous patient monitoring; and rising awareness of the benefits of mobility solutions in healthcare are propelling the adoption of mobility solutions in developing countries across the APAC and RoW markets.

How does Competition Influence the Healthcare Mobility Solutions Market?

New product introductions, such as basic cardiology and blood glucose monitors, are a priority for industry players in the global healthcare mobility solutions market. Smartwatches, health monitors, pedometers, and activity trackers are just a few of the popular wearable gadgets that have been released by various companies.

In order to strengthen their position in the worldwide healthcare mobility solutions market, organizations are focused on industry collaborations, mergers & acquisitions, and partnerships.

The research offers a comprehensive competition analysis of some top competitors in the healthcare mobility solutions market, including company biographies, recent developments, and significant market strategies. It shows how the competitors are taking advantage of the opportunities present in the healthcare mobility solutions market.

  • Fitbit Inc. released a new ready-for-work solution in June 2020 that allows employees to access vital health information from their Fitbit device. It allows for symptom exposure, as well as temperature recording.
  • ThousandEyes, Inc., a cutting-edge platform, was acquired by Cisco System Inc. in May 2020. ThousandEyes Inc., based in San Francisco, is a provider of internet and cloud information.
  • Cerner Corporation entered a definitive agreement to purchase AbleVets, a strategic IT consulting and engineering organization, in October 2019.

Report Scope

Attributes

Details

Forecast period

2022-2032

Historical data available for

2015-2021

Market analysis

USD Mn for Value

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • Russia
  • BENELUX
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Australia and New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

By Market Segments

  • Product and Service
  • End User
  • Application
  • Region

Key Companies Profiled

  • AirStrip Technologies
  • Cerner Corporation
  • McKesson Corporation
  • Cisco Systems Inc
  • Oracle Corporation

Pricing

Available Upon Request

Key Segments

By Products & Services

  • Mobile Devices
  • Mobile Applications
  • Enterprise Mobility Platform

By Application

  • Enterprise Solutions
  • mHealth Applications

By End User

  • Payers
  • Providers
  • Patients

By Region

  • North America
  • Europe
  • Asia Pacific
  • ROW

Media Release

- FAQs -

Healthcare mobility solutions market is projected to have a CAGR of 21.9% in 2032.

North America is the leading region, with an anticipated CAGR of 20.2% by 2032.

Enterprise Solutions lead the market with the projected CAGR of 21.8% by 2032.

The healthcare mobility solutions market is predicted to grow US$ 847.4 Bn by 2032.

Mobile devices segment leads the market with the projected CAGR of 22.3% in 2032.

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