Published: Oct, 2016
The leading companies operating in the global healthcare mobility solutions market are AT & T, Inc., McKesson Corporation, Koninklijke Philips N.V., and Cerner Corporation. Transparency Market Research observes that the global competitive landscape is high fragmented with the presence of a large number of players that are vying for bigger shares in emerging markets of Chile, Brazil, and India. “Companies must focus on achieving integration across the value chain to reduce the cost of healthcare solutions to garner wider consumer base,” states the lead author of this research report.
North America Retains Leadership in Global Market
According to the research report, the opportunity in the global healthcare mobility solutions market is expected to be worth US$148.66 bn by 2023 as compared to US$20.13 bn in 2014. Between the forecast years of 2015 and 2023, the global market is expected to surge at a CAGR of 25.5%. The research report also observes that mobile devices will be the leading application segment in the global market as it expands at a CAGR of 25.5% during the forecast period. In terms of geography, North America is anticipated to dominate the global market. The North America healthcare mobility solutions market is expected to reach a valuation of US$60.8 bn by the end of the forecast period.
Introduction of Improved Wireless Network Technologies Improves Uptake of Healthcare Mobility Solutions
The global healthcare mobility solutions market has been thriving due to the rapid surge in the usage of mobile devices, smartphones, tablets, and other PDAs. The remarkable adoption of healthcare mobility solutions is also attributable to the integration of multiple application platforms in the modern devices that have made access to medical information, assistance, and its organization fairly convenient for the users. Thus, these solutions have played a key role in reaching out to the wider audience and offering a new perspective towards disease and health care management.
The opportunities for the healthcare mobility solutions market are bright, as increasing number of people are expected to use smartphones with Internet connectivity. The ongoing technological advancements in the wireless network technologies such as LTE, 3G, and LTE-A are also projected to have a positive impact on the global market in the coming years as they promise to improve communication channels. These technological improvements are anticipated to establish seamless communication channels between patients and doctors that will be characterized by minimal turnaround time.
A Large number of players in the health care sector are anticipated to adopt these solutions as the industry is facing a crunch of trained nursing staff. Furthermore, reduced hospital stays and the pressure from governments to offer affordable healthcare are also expected to boost this market in the near future.
Chances of Security Breaches Restrain Global Market
The chances of security breaches with data that may lead to tampering of patient information is the primary flaw of the healthcare mobility solutions. The issues pertaining to hacking, identity theft, unauthorized access to patient information, and alteration of patient data are likely to hamper the growth of this market in the near future. However, if the vendors design their solutions to prevent these possibilities, this threat can be turned into an opportunity in the coming years.
The review is based on the report by Transparency Market Research’s report, titled "Healthcare Mobility Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2023.”
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
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World
- Latin America
- Middle East and Africa
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