The global healthcare mobility solutions market is characterized by a high level of fragmentation. Several small-. medium-, and large-scale players influence the course of the market, and all of these players are on their toes to expand their market share. It is anticipated that the leading market players would introduce innovative business strategies in order to retain their prominence in the market. Another defining trend that is projected to surface in the market is the establishment of partnerships. Cerner Corporation has already resorted to this strategy by partnering with Truman Medical Centers (TMC) in order to offer better healthcare information technology. Other key players identified by Transparency Market Research (TMR) are McKesson Corporation, Philips Healthcare, Koninklijke Philips N.V., AT&T, Inc, Cisco Systems, Inc., Oracle Corporation, and SAP SE. These market players are focusing on optimizing the market opportunities that prevail in India, Chile, and Brazil. The geographical reach of the market players is expected to play a key role in ascertaining their progress.
Transparency Market Research (TMR) projects a trajectory of growth for the market over the period from 2015 to 2023. The market is expected to expand at an astral CAGR of 25.50% from 2015 to 2023, thus, reflecting the growth potential of the market in the coming times. The market was valued at US$20.13 bn in 2014, and is expected to touch a value of US$148.66 bn by 2023. Based on the application, the mHealth segment is expected to register affluent growth over the forecast period. Geographically, the market in North America dominated 53.0% of the total market share in 2014. The region is projected to reap positive results in the market in the coming years as well.
Ease of Communication Prompts Adoption of Healthcare Mobility Solutions
The advent of mobile applications has immensely benefitted the healthcare industry. Mobile apps have narrowed the communication gap between patients and medical practitioners by allowing easy access to medical information. While executing medical treatments, it is extremely important for the practitioner to stay abreast with the health of the patients throughout the treatment process. Since mobile apps can effectuate easy sharing of medical information from both ends, the market for healthcare mobility solutions has been gaining traction from several entities. Personal digital assistants, owned by practitioners as well as patients, have also played an integral role in driving demand within the market. Clinical decision-making has become swifter with the usage of healthcare mobility solutions, and medical practitioners are expected to keep embracing new technologies that are introduced in the market. Furthermore, the healthcare mobility solutions such as mobile devices and enterprise mobility platforms have now become the watchwords of the healthcare sector. Owing to the above mentioned factors, the market is prognosticated to tread along a positive growth path over the coming years.
Threats to Patients’ Medical Information Could Hamper Market Growth
Despite the affluence of the market, certain elements associated with the healthcare mobility solutions industry could hamper market growth. The risk of key patient information being hacked has raised concerns across the medical fraternity. Moreover, the instances of security breaches have amplified the concerns associated with the usage of healthcare mobility solutions market. Nevertheless, the rising adoption of wireless technologies such as LTE and 3G is projected to keep reaping positive results for the market. Effortless communication and seamless connectivity are the boons offered by wireless services that can be create opportunities for market players. The unmet medical needs in emerging economies such as India, Brazil, China, and South Africa also offer lucrative growth spaces for market players.
The review is based on a market research report titled ‘Healthcare Mobility Solutions Market (Product and Services - Mobile Devices, Mobile Applications, and Enterprise Mobility Platforms; Applications - Enterprise Solutions and mHealth Applications; End-Users - Payers, Providers, and Patients (Individuals)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023’.
- Clinical decision-making has become swifter with the usage of healthcare mobility solutions, and medical practitioners are expected to keep embracing new technologies that are introduced in the market.
- The instances of security breaches have amplified the concerns associated with the usage of healthcare mobility solutions market.
The market is segmented into the following:
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)
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