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Healthcare Mobility Solutions Market to Reach US$148.66 bn by 2023

Posted on Dec 03, 2015

According to a new market report published by Transparency Market Research “Healthcare Mobility Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” the healthcare mobility solutions market was valued at US$20.13 bn in 2014, and is expected to reach US$148.66 bn by 2023, expanding at a CAGR of 25.50% from 2015 to 2023.

Browse the full Healthcare Mobility Solutions (Payers, Providers, and Patients (Individuals)) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at http://www.transparencymarketresearch.com/healthcare-mobility-solutions-market.html

 

The rising adoption of mobile computers including tablets, smartphones, and PDAs (personal digital assistants) in the healthcare domain, coupled with a growing focus on patient-centric applications, are the major drivers for the healthcare mobility solutions market. In addition, a shortage of skilled healthcare professionals and the growing penetration of wireless network technologies including 3G and 4G are expected to fuel market momentum in the coming years. These factors are collectively expected to contribute toward a compounded annual growth rate (CAGR) of 25.50% between 2015 and 2023.

healthcare-mobility-solutions-market

On the basis of end-use, the global healthcare mobility solutions market is segmented into three major categories: payers, providers, and patients (individuals). In recent years, healthcare service providers have been increasingly adopting and deploying mobility solutions to ensure a patient-centric focus and streamline workflow within the facility. As such, healthcare service providers accounted for the majority of the market’s revenue share (45.4%) in 2014. However, over the forecast period, the patients (individuals) segment is expected to exhibit the fastest growth, expanding at a CAGR of 25.80% during the forecast period from 2015 to 2023. The expected growth can be attributed to increasing health awareness among consumers, availability of smart healthcare devices, and the rise in healthcare spending by consumers.

In 2014, the enterprise solutions segment accounted for the majority of the market’s revenue share. The increased penetration of mobile devices across the globe is anticipated to lead to the swift growth of mHealth applications in the next few years. The mHealth application segment is anticipated to expand at a CAGR of 25.60% during the period from 2015 to 2023. The mobile devices segment was the largest contributor to the global healthcare mobility solutions market in 2014 and is expected to remain the dominant product segment over the forecast period. However, mobile applications are expected to witness maximum adoption over the forecast period. In recent years, mobile applications are becoming more feature rich and secure. Thus, healthcare service providers are increasingly integrating mobile applications with healthcare operations and processes to streamline workflow and offer better medical care.

North America was the largest healthcare mobility solutions market in 2014, followed by Europe and Asia Pacific. Although North America is expected to remain the largest healthcare mobility solutions market by 2023, Asia Pacific is expected to witness healthy growth, outpacing North America and Europe. The growth in Asia Pacific can be majorly attributed to the healthcare infrastructural growth (increase in the number of clinical settings, hospitals, and healthcare centers) and increasing healthcare awareness among the population in the region. The global healthcare mobility solutions market is highly fragmented and is characterized by the presence of large number of players. Some of the leading players in the market are McKesson Corporation (the U.S.), Cerner Corporation (the U.S.), Koninklijke Philips N.V. (the Netherlands), SAP SE (Germany), Oracle Corporation (the U.S.), AT&T, Inc. (the U.S.), and Cisco Systems, Inc. (the U.S.).

The report studies the global healthcare mobility solutions market and provides estimates in terms of revenue (US$ Bn) from 2015 to 2023. Market estimates on the basis of products and services, applications, and end-users have also been provided for each region. The market has been segmented as follows:

Healthcare Mobility Solutions Market, By Products and Services

  • Mobile Devices
  • Mobile Applications
  • Enterprise Mobility Platforms

Healthcare Mobility Solutions Market, By Applications

  • Enterprise Solutions
  • mHealth Applications

Healthcare Mobility Solutions Market, By End-users

  • Payers
  • Providers
  • Patients (Individuals)

Healthcare Mobility Solutions Market, By Geography:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (Latin America, Middle East, and Africa)

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