Healthcare mobility solutions Market to Reach 173.28 USD Million by 2028

Vantage Market Research

Mar 16, 2022

The Global Healthcare mobility solutions Market is expected to reach 173.28 USD Million by 2028, growing at a CAGR of 16.90% from 2022 to 2028. The increasing adoption of smartphones and tablets and the rising focus on patient-centric mobility applications are anticipated to augment the growth of the market during the forecast period.

Key Findings:

  • The mobile devices segment held a significant share in 2021. This is attributable to the increasing adoption of mobile devices like smartphones and tablets and the introduction of 4G and 5G network technologies. Further, mobile devices and their applications are also very effective in spreading awareness about the causative, preventive, and curative agents of various diseases.
  • The enterprise solution segment is projected to grow at a significant CAGR during the forecast period. This is owing to the growing advantages of mobility solutions inpatient care such as enhanced response time, effective patient care, enhanced workflow efficiency, and increased patient output with reduced costs and risks. The mHealth applications segment held a significant share in 2021 owing to the rapid growth in chronic diseases across the globe.
  • The healthcare providers segment held a significant share in 2021. This is attributable to the increasing use of enterprise mobility solutions in healthcare facilities for maintaining electronic health records, managing & assessing patients’ health online in real-time, and providing medical education.
  • Asia Pacific is expected to grow at the fastest CAGR during the forecast period. China accounted for the largest share in APAC in 2021. This is attributable to the increasing adoption of mHealth apps by healthcare providers by emerging economies such as India, and China in the region. Furthermore, the increasing awareness among end-users about mobility solutions is also anticipated to support the regional growth of the market.

Some of key players in Healthcare mobility solutions market include Oracle Corporation, At&T, Inc., Cisco Systems, Inc., Philips Healthcare, SAP SE, Zebra Technologies Corporation, Cerner Corporation, Mckesson Corporation, Omron Corporation, Airstrip Technologies, Inc..

The increasing adoption of mHealth devices is anticipated to augment the growth of the Healthcare mobility solutions market in the years to come. This is attributable to the increasing incidences of chronic disorders and obesity rates across the globe along with an increase in the use of mobile devices. As per GSMA estimations, more than half of the world’s population is using mobile devices with internet that is over 4 billion people and there was an increase of 225 million users by the end of 2019. The overall coverage continues to grow as now 94% of the world’s population is covered by mobile broadband networks with the biggest increases in coverage in Sub-Saharan Africa and the Pacific Islands. As seen from the data people are using more mobile devices and opting for mobile health technology as it offers improved medication adherence and remote patient monitoring. Additionally, advanced connectivity to enhance the quality of healthcare solutions is also anticipated to support the growth of the market within the estimated timeframe.

However, the lack of standard communication protocols and reimbursement policies along with data security issues and the short battery life of mobile computers is expected to hamper the growth of the market in the years to come. Moreover, robust penetration of wireless networks such as 4G and 5G along with the integration of technologies like big data and artificial intelligence are expected to create immense opportunities for the growth of the market within the forecast period.

North America held the largest shares in 2021. The US held the largest share in North America for the Healthcare mobility solutions market. This is attributable to the favorable government initiatives in the healthcare industry in the region. Furthermore, an increase in the adoption of mHealth applications in hospitals is also expected to fuel the regional growth of the market. Additionally, the increasing number of chronic diseases in the region is also expected to support the growth of the Healthcare mobility solutions market in the region.