Focus on Reducing Healthcare Costs Drives Global Market
The constantly growing and evolving medical needs have been the driving force behind the evolution of healthcare mobility solutions. The aim of these solutions is to reduce the healthcare costs and to provide the patients an optimum solution in the least possible time. The simplicity of this objectivity has been successfully achieved by the development of healthcare mobility solutions’ products and services such as mobile devices, enterprise mobility platforms, and mobile applications. The growing demand for medical attention and increasing usage of smartphones and other personal digital assistants have made the deployment of this technology possible. It has bridged the gap between patients and caregivers by facilitating help through technology.
With this strong background, the global healthcare mobility solutions market touched a valuation of US$20.13 bn in 2014. Given the high-impact drivers, this market is expected to see opportunities worth US$148.66 bn by 2023, as the market is expected to progress at a CAGR of 25.50% from 2015 to 2023.
Preference for Home Healthcare Services Keeps North America at the Forefront
North America held the leading share in the overall healthcare mobility solutions market, accounting for 53.0% of the total market revenue in 2014. The mHealth application is driving the flourishing healthcare mobility solutions market in North America as more and more patients are opting for home healthcare services.
Furthermore, the increasing efforts to save on healthcare costs is also expected to propel the mHealth applications market, which will, in turn, result in the growth of healthcare mobility solutions across North America. Government initiatives along with efforts taken by private establishments across the U.S. and Canada to adopt convenient and cost-effective solutions is also likely to propel this market.
Asia Pacific Shows Promise of Growth as Governments Encourage e-Health Solutions
Meanwhile, Asia Pacific is expected to surge at an unprecedented CAGR of 25.8% between 2015 and 2023. The growing government initiatives to increasing the adoption rate of e-Health solutions and mHealth across countries such as India, Japan, Australia, New Zealand, and China are expected to drive this regional market. The growing awareness about mobile health options, clinical mobility, and convenience of home monitoring are expected to augment the Asia Pacific healthcare mobility solutions market.
m-Health to Remain Leading Application Segment
Amongst the various types of applications offered by healthcare mobility solutions such as enterprise solutions and mHealth applications, the latter is expected to exhibit the fastest growing CAGR of 25.2% between 2015 and 2023. The spiraling usage of smartphones, tablets, and PDAs is expected to propel this application segment in the near future. Supplementing this growth will the rise of the mobile devices segment due to their affordability, accessibility, and convenience. The improving features of mobile applications and the streamlining of information feed and its assessment will work in favor of both these segments to help the overall market prosper in the coming years.
The key players rendering the competitive landscape of the global healthcare mobility solutions market fragmented are Cerner Corporation, McKesson Corporation, SAP SE, Koninklijke Philips N.V., Oracle Corporation, Cisco Systems, Inc., and AT&T, Inc. The majority of the companies in this market are trying to explore the opportunities in the emerging economies of Brazil, Chile, and India to increase their geographical foothold.
Healthcare Mobility Solution Market: Brief Account
Rise in the demand for dynamic regulatory environment and quality health care has led to witness a substantial growth in healthcare mobility solutions. Also, healthcare applications have gained the limelight after increase in the preference for self-care management among the people worldwide. It is noted that the mHealth applications market has also increased after the efforts being taken to save on the healthcare costs. This has in turn resulted in the growth of healthcare mobility solutions. The market has also propelled across Canada and the U.S. after government started taking initiatives to adopt cost-effective and convenient solutions in this domain.
The rise in initiatives by the government to adopt more e-Health solutions and mHealth across countries such as India, Australia, New Zealand, Japan, and China are expected to be the driving force in the regional market. Also, the awareness about , clinical mobility, mobile health options, and convenience of home monitoring will be the contributing factor in the increase of the healthcare mobility solutions market in Asia Pacific region.
The author of this report offers the in-depth study of healthcare mobility market along with its trends, opportunities, global statistics, regional segmentation, and the contributing factors that would help the readers to take a confident step forward in their business.
Healthcare Mobility Solution Market: Trends and Opportunities
The consistent public demands for better healthcare and medical facilities has brought a rise in healthcare mobility solutions globally. People want faster and better analysis of their health issues with a cost effective solutions. Healthcare mobility solutions have come up with the products and services such as enterprise mobility platforms, mobile devices, and mobile applications. The increase in the usage of smartphones and other digital devices have made the formation of this technology possible. It is working on reducing the gap between patients and the caregivers by providing help through technology.
The market is also being fueled by the successful emergence of wireless technologies such as 3G, $G, LTE, and LTE-A. The strong network of these technologies that deliver seamless connectivity, high-speed, and effortless communication has allowed vendors to offer significant healthcare solutions. The quick two-way response between the patient and its caregiver has been possible only due to the efficient advent of LTE and LTE-A.
Healthcare Mobility Solution Market: Geographical Analysis
North America led the race in healthcare mobility solution market by accounting 53% of the entire market revenue in 2014. shares in healthcare mobility solutions with The majority of the companies in this market are trying to explore the opportunities in the emerging economies of Brazil, Chile, and India to increase their geographical foothold. Asia Pacific is expected to grow at an unparalleled CAGR of 25.8% between 2015 and 2023. The credit for which goes to the growth in government initiative for mHealth and e-Health solutions across countries such as India, Japan, New Zealand, China, India and Australia.
The Asia Pacific region will be driven mainly by developing countries such as Argentina, China, South Korea, India, Singapore, UAE, Mexico, and Brazil. This growth is credited to the rise in chronic diseases, need of continuous patient monitoring and awareness about mobility solutions.
Healthcare Mobility Solution Market: Company mentioned
The key players reigning the market of global healthcare mobility solution are Philips N.V., Cerner Corporation, SAP SE, McKesson Corporation, Koninklijke, Cisco Systems, Inc., Oracle Corporation, and AT&T, Inc.
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
- Patients (Individuals)
Healthcare Mobility Solutions Market, By Geography:
- North America
- Asia Pacific
- Rest of the World (Latin America, Middle East, and Africa)
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments