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The Healthcare Mobility Solutions Market is estimated to be valued at US$ 121.6 Mn in 2023 and is expected to exhibit a CAGR of 21.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Healthcare mobility solutions enable access to patient health records and other medical applications from anywhere through mobile devices. They provide clinicians efficient access to healthcare information which helps in faster diagnosis and better treatment decisions. Solutions such as mobile apps help patients book and manage appointments, monitor chronic conditions, view test results and medical records as well as receive push notifications and alerts.
Market Dynamics:
Growing digitization of healthcare and increasing usage of mobile devices among physicians as well as patients are the major drivers propelling growth of the global healthcare mobility solutions market. Healthcare organizations are investing heavily in mobility solutions to engage with patients through various digital platforms. For example, around 70% of hospitals in the U.S currently use some form of telehealth services. This has increased demand for mobility solutions that support telehealth and telemedicine. Furthermore, healthcare mobility solutions improve healthcare quality and outcomes at lower costs by enabling real-time remote monitoring of patients. This increases treatment convenience and quality of life.
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Segment Analysis
The healthcare mobility solutions market is dominated by mobile applications segment. Mobile applications help healthcare professionals access patient records, monitor vital signs remotely, place orders & prescriptions electronically which improves workflow efficiency. They also enable patients to directly communicate with doctors and access personal health records on the go using smartphones & tablets. The growing Bring Your Own Device (BYOD) trend in healthcare is driving the mobile applications segment.
PEST Analysis
Political: Regulations around data privacy and security are pushing healthcare organizations to adopt mobility solutions that comply with HIPAA and other standards.
Economic: Rising healthcare costs are prompting providers to invest in technologies that enhance productivity and optimize resource utilization. Mobility solutions help reduce costs associated with paperwork and manual tasks.
Social: Changing patient expectations and demand for convenient access to healthcare services via digital channels is driving the demand for mobility solutions.
Technological: Advances in wireless networks, mobile devices and platforms are enabling the development of sophisticated healthcare applications and remote patient monitoring technologies. Cloud computing is also supporting healthcare mobility.
Key Takeaways
The global healthcare mobility solutions market is expected to witness high growth, exhibiting CAGR of 21% over the forecast period, due to increasing adoption of mobile technologies in healthcare and focus on patient-centric care delivery models.
The North American region is expected to dominate the market owing to rapid technological advancements, robust telecom infrastructure, and government initiatives to implement healthcare IT solutions in the region.
Key players operating in the healthcare mobility solutions market are AirStrip Technologies, Inc., AT & T, Inc., Cerner Corporation, McKesson Corporation, Koninklijke Philips N.V, Cisco Systems, Inc., Oracle Corporation, SAP SE, Omron Corporation, and Zebra Technologies Corporation. Cerner Corporation has emerged as the leading player providing a wide range of mobility solutions and services to several hospitals. AT&T also has a significant market share due to its expertise in telecom services and networks which are cornerstone for mobile healthcare.
