The introduction of enterprise mobility in the healthcare industry has enabled medical fraternity to focus on a patient-centric approach, thereby minimizing effects of limited nursing workforce and service expenses. Proliferation of mobile devices such as tablets, smartphones, and PDAs coupled with the growing need for streamlining operations and offerings within the healthcare facility is expected to have a positive impact on the growth of the healthcare mobility solutions market. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 26.1% during the forecast period 2015 – 2023. However, complexity related with the deployment/use, potential risk of data theft, and resistance from conventional healthcare service providers may challenge the swift adoption of mobility solutions in the healthcare ecosystem during the forecast period. The healthcare mobility solutions market is expected to cross US$ 120 Bn by 2023, expanding at a CAGR of 26.1% from 2015 to 2023.
Purpose of the Report
The purpose of this strategic research study titled “Global Healthcare Mobility Solutions Market- Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global healthcare industry.
Target Audience
USP and Key Offerings
The report titled “Global Healthcare Mobility Solutions Market- Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2023” offers strategic insights into the global healthcare mobility solutions market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on product and service, applications, end-users, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading healthcare mobility solution vendors, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments.
Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global healthcare mobility solutions market, offering market size and estimates for the period from 2015 to 2023, keeping in mind the above-mentioned factors.
In 2014, the mobile device segment comprising smartphones, tablets, Personal Digital Assistants (PDA), RFID scanners, barcode scanners, mobile computers, and other related mobile devices was the largest product and service segment, accounting for over half of the global healthcare mobility solutions market revenue. Mobile devices are instrumental in enabling healthcare service providers achieve patient centric approach and streamline their operations and service offerings. Over the forecast period 2015 – 2023, the mobile device segment is poised to witness steady growth, retaining its dominant position by 2023. However, mobile applications are expected to exhibit robust growth, outpacing both mobile devices and enterprise mobility platforms to grow at a CAGR of 26.8% during the forecast period 2015 – 2023. Most of the mobile health applications are associated with the patient monitoring, maternal health, post acute care, and communicable diseases among others. The growth in the mobile application segment can be attributed to the growing participation and awareness among people regarding personal health. As such, the application developers are increasingly focusing on developing more secure and multi-featured mobile health applications.
In 2014, enterprise solutions were the largest contributors to the global healthcare mobility solution market, accounting for over half of the market revenue. The dominance of enterprise solutions can be attributed to the robust demand from the patient care management segment. Over the forecast period 2015 - 2023, the patient care management sub-segment is anticipated to witness healthy growth, driven by superior benefits offered by mobility solutions in patient care including less response time, improved workflow efficiency, efficient patient care, and increased patient monitoring among others. Although enterprise solutions are expected to remain the major application segment, mHealth application segment is expected to exhibit maximum growth, growing at a CAGR of 26.5% during the forecast period 2015 - 2023. The advent of mobility solutions has completely revolutionized the healthcare industry, leading to a swift transition from on-premise care to personalized care. Mobile health applications have shown that they have power to offer seamless healthcare service by eliminating the geographical challenges/limitations. In addition, mobile health applications have made it easier for the healthcare service providers to offer services to large number of patients remotely and at lower cost. As such, growth in the mobile health market is expected to spur the market demand in the coming years.
The healthcare service provider segment covering hospitals, clinics, laboratories, nursing homes, and other healthcare facilities accounted for the majority of healthcare mobility solutions market revenue share in 2014. In order to upgrade and restructure their service offerings, healthcare service providers are increasingly deploying sophisticated mobile technologies within the facility. With the advancements in technology, the healthcare service providing facilities are witnessing an alarming increase in the deployment of advanced connected devices such as mobile devices, bar code scanners, and Radio Frequency Identification (RFID) scanners among others. As such, healthcare service providers were the largest contributors to the healthcare mobility solutions market in 2014. Although providers are expected to remain the largest contributors to the global healthcare mobility solutions market, the patient (individuals) segment is expected to exhibit maximum growth during the forecast period 2015 – 2023. The anticipated growth can be majorly attributed to increasing heath care awareness among consumers. In addition, growing need for home healthcare services coupled with the increasing healthcare expenditure is expected drive the uptake of healthcare mobility solutions among consumers across the globe. The payers segment is also expected to witness healthy growth during the forecast period 2015 – 2023.
In terms of revenue generated, North America (comprising U.S. and Canada) was the largest healthcare mobility solutions market, accounting for over 35% of the global market revenue in 2014. The dominance is majorly owing to the presence of sophisticated healthcare infrastructure and constructive initiatives undertaken by the governments in the region. In addition, higher adoption rate of smartphones and related sophisticated network technologies have further cemented the market dominance. Over the forecast period, North America is poised to remain the major healthcare mobility solutions market. However, Asia Pacific is anticipated to witness superior growth on account of growing healthcare facilities (hospitals, nursing facilities, clinics, etc.) and rising awareness regarding health and benefits offered by mobility solutions. Growing penetration of 3G and 4G network technologies is also expected to have positive impact on the market growth, since these technologies enable provision of seamless healthcare services. Emerging markets in Asia Pacific and RoW offer healthy investment opportunities for solution providers owing to small base of physicians, which creates a base for greater adoption of mHealth applications and connected medical devices.
Enterprise mobility in healthcare includes the use of mobile technology, enterprise platforms, and applications to communicate and exchange clinical information among healthcare service providers (payers and providers) and patients (individuals). The mobile technology has power to completely transform the healthcare industry, enabling lesser hospital readmissions and superior patient outcomes. By availing the benefits of an integrated and secure mobile technology, healthcare service providers are able to offer patient care cost effectively, advance response time, boost patient throughput, and reduce additional infrastructure risks and expenses.
The healthcare organizations and facilities across the globe have been dedicated in finding a cost effective and innovative medium to reach and connect with their customers, clients, and employees. This quest has helped enterprise mobility to get the necessary impetus and emerge as the major factor shaping the healthcare industry. The mobility solutions have been instrumental in enabling healthcare service providers rise above the challenges of the traditional ways of operating and achieve greater responsiveness, reach, flexibility, productivity, and effective transformation of business processes. Favorable initiatives by the governments promoting improved accessibility to healthcare data and increasing need to achieve mobility of patient information are some of the major factors driving greater acceptance of mobility solutions among healthcare fraternity.
Some of the major challenges faced by the healthcare industry include:
Mobility solutions provide an efficient way to address the above mentioned challenges by restructuring business process in a more cost effective way, thereby benefitting various participants involved in the healthcare eco-system. Mobile health (mHealth) solutions have been influential ever since their introduction in the healthcare ecosystem. The delivery of healthcare services through mobile devices such as smartphones, tablets, personal digital assistants (PDA), and other mobile devices realize cost effective delivery of public healthcare. This is mainly on account of their ability to enable healthcare service providers gain seamless access to patient’s health information, and hospital services across geographically dispersed locations.
Healthcare mobility solutions including mobile health applications, medical devices, enterprise platforms, etc., offer opportunity to significantly improve healthcare in a cost effective manner by connecting patients with healthcare service providers and assisting in seamless delivery of healthcare services. These solutions allow patients (individual) as well as providers to gain easy access to the health reference material/information, medical records, and lab tests among others.
The emerging markets across Asia Pacific and RoW offer potential investment opportunities for the market growth, majorly on account of the low physician density in these regions, creating a platform for greater penetration of mobility solutions. However, limited interoperability among platforms and healthcare applications coupled with the patent protection issues associated with connected medical devices may offer some kind of resistance to the market growth in the coming years.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Healthcare Mobility Solutions market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Product and Service Type
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Application
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End-user
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
