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Healthcare Mobility Solutions Market Revenue | CAGR of 20.92%
22 Oct 2024
Share :
Healthcare Mobility Solutions Market Revenue and Trends
The global healthcare mobility solutions market revenue was valued at USD 164.53 billion in 2024 and is expected to attain around USD 955.39 billion by 2033, growing at a CAGR of 20.92% during forecast period. The rising demand for cost-efficient solutions that can streamline workflow in healthcare operations is driving the growth of the market.
Market Overview
Healthcare mobility is the modernized technology that is associated with the overall improvement of the healthcare sector. It is commonly known as the use of technologies for increasing accessibility to healthcare and streamlining operations. The healthcare mobility solution further includes factors like wearable devices, healthcare applications, remote monitoring, handheld devices, and workflow efficiency, and helps in critical care decisions. The widespread adoption of technologies such as smartphones, tablets, and wearable technologies is contributing to the growth of the healthcare mobility solutions market.
Report Highlights of the Healthcare Mobility Solutions Market
By product and services, the mobile device segment dominated the healthcare mobility solution in 2023. The growth of the segment is attributed to the rising demand for personalized medication and the rise in remote healthcare solutions which benefits both patients and physicians contributing to the expansion of the mobile device segment.
By product and services, the mobile application segment is expecting the fastest growth in the market during the forecast period. The rising research on the evaluation and the further launch of the mobile application that can improve the efficiency in patient treatment and outcomes boosts the demand for the mobile application segment.
By application, the enterprise segment led the healthcare mobility solutions market with an accountable share in 2023. Enterprise mobility improves communications, enhances patient outcomes, increases flexibility and cost efficiency, and enhances patient management. It provides convenience to physicians and patients for accessing remote care.
By application, the mHealth application segment is expected to have the fastest growth in the healthcare mobility solutions market during the predicted period. The mHealth is an application that is also known for mobile phones and several other types of technologies.
By end-use, the healthcare provider segment dominated the market in 2023. Healthcare providers are among the major consumers of healthcare mobility solutions. It provides several benefits to healthcare providers, including accessibility to patient data, telemedicine, rapid decision-making, remote patient monitoring, and enhanced patient outcomes.
By end-use, the healthcare payers segment is expected to witness the fastest growth in the market during the anticipated period. There are several healthcare payers included in the healthcare industry such as commercial, government/public, and private payers. The healthcare payers are the organizations that collect payments, determine service prices, and handle claims.
Healthcare Mobility Solutions Market Trends
Rising chronic disease:
The increasing cases of chronic diseases such as cardiovascular disease, diabetes, cancer, and others in the population are driving the demand for an improved and efficient healthcare system that boosts the growth of the healthcare mobility solutions market.
Government interventions:
The increasing government intervention in the expansion of the technologies in healthcare and the ongoing promotion of digitization in healthcare and e-health are contributing to the expansion of the market.
Rise in the mobile applications:
The rising investment in the development of mobile applications for healthcare services to benefit patients with enhanced patient experience, which helps patients schedule appointments to treat diseases is accelerating the growth of the market.
Preference of the homecare:
The rising preference of the patients to home healthcare due to the increasing geriatric population minimizes the time-to-time visit to the hospitals, it reduces the chances of infections and others.
Regional Insights
North America dominated the healthcare mobility solutions market in 2023. Regional countries like the U.S. are one of the leading contributors to the expansion of technologies into every other industry. The availability of a well-developed healthcare infrastructure and the rising prevalence of chronic diseases such as cardiovascular diseases, diabetes, and other disease in the population, especially in the geriatric population. The rise in telemedicine and the personalization of medicines are collectively driving the healthcare mobility solutions market across the region.
Asia Pacific is anticipated to witness the fastest growth during the forecast period. The growth of the market is attributed to the rising population, and the demand for healthcare infrastructure is accelerating its growth. The rising integration of technologies into the healthcare infrastructure and the rising government intervention in the expansion of the medical and pharmaceutical sectors are positively influencing the growth of the healthcare mobility solutions market in the region.
Healthcare Mobility Solutions Market Coverage
Report Attribute
Key Statistics
Market Revenue in 2024
USD 164.53 Billion
Market Revenue by 2033
USD 955.39 Billion
CAGR
20.92% from 2024 to 2033
Quantitative Units
Revenue in USD million/billion, Volume in units
Largest Market
North America
Base Year
2023
Regions Covered
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Market News
In February 2024, KORE, a leading player in the Internet of Things ("IoT") Solutions, announced the collaboration with the Medical Guardian, a leading provider of personal emergency response systems (PERS), on the first-ever medical alert device utilizing eSIM technology. The technology is specially designed to address cell signal challenges and healthcare access disparities by offering electronic switching of service carriers for optimal 24/7 connectivity.
In August 2024, GreenPioneer Mobility India launched the ‘NonStop,’ a retail experience store designed to address the rising demand for high-quality mobility aids, with national and international brands with unparalleled expertise and services.
In April 2024, Health Tech Solutions Group (HTS Group), a leading healthcare provider, announced its official launch in the United Kingdom, aiming to offer healthcare solutions, including telemedicine, mobile health services, and personalized patient care.
Market Segmentation
By Product & Services
Mobile Devices
Mobile Computers
RFID Scanners
Barcode Scanners
Others
Mobile Applications
Enterprise Mobility Platforms
By Application
Enterprise Solutions
Patient Monitoring
Case Management
Medication Administration
Patient Id (PPID)/Patient Tracking
Specimen Collection and Tracking
Dietary and Nutrition
Infectious Disease Monitoring/Field Data Collection
Other Patient Care Management Solutions
Patient Admissions/Discharge
Revenue Management/Billing
Claims Processing
Asset and Facilities Management
Materials Management
Others
Scheduling
Time and Attendance Management
Other Operations Management Solutions
Patient Care Management
Operations Management
Workforce Management
Health Applications
Chronic Care Management
Exercise
Weight Loss
Women’s Health
Sleep Monitoring
Medication Management
Other mHealth Applications
By End-use
Payers
Providers
Hospitals
Laboratories
Others
Patients
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