Healthcare Mobility Solutions Market Increasing Adoption of Telemedicine and mHealth Solutions

Healthcare Mobility Solutions Market: Insight

According to The Insight Partners market research study titled “Healthcare Mobility Solutions Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Products & Services, Application, and End User,” the market is expected to reach US$ 272,054 million by 2027 from US$ 57,162.65 million in 2019. It is estimated to grow at a CAGR of 22.2% from 2020 to 2027. The report highlights the trends prevalent in the global healthcare mobility solutions market and the factors driving the market along with those that act as deterrents to its growth.

Healthcare mobility solutions help healthcare organizations to stream workflow and effectively manage workforce and patient data. These solutions are provided through mobile applications and enterprise solution platforms. Enterprise solutions offered by various healthcare IT firms provide various advantages such as cost-effective healthcare management and efficient healthcare resources management.

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Healthcare Mobility Solutions Market: Competition Landscape & Key Developments

A few prominent players operating in healthcare mobility solutions market are F Oracle Corporation; Cisco Systems, Inc.; Koninklijke Philips N.V.; Sap SE; Zebra Technologies Corporation; Cerner Corporation; AT&T Inc.; Honeywell International Inc.; [X]CUBE Labs, and AirStrip. The market players are bringing new and innovative products to sustain their position in the market and expand their geographic presence in the global market. For instance, in February 2021, Zebra Technologies Corporation expanded its business in Singapore. The company announced its commitment to support technological transformation for enterprises of all sizes and Singapore’s Smart Nation ambitions.

The growth of the global healthcare mobility solutions market is driven by the increasing adoption of telemedicine and mhealth solutions, and escalating use of mobile devices. However, issues of data security, technical challenges, and lack of awareness associated with healthcare mobility solutions hinder the market growth.

Increasing Adoption of Telemedicine and mHealth Solutions

Advancements and use of telemedicine and mHealth technologies has been benefiting physicians, patients, promoters, facilities, and communities through improved health outcomes. These technologies have increased patient engagement along with promoting appropriate use of mobile technologies. They are widely preferred for booking appointments for diagnostics, consultation, treatment, and many more clinical aspects.

The use of telemedicine and mHealth allows healthcare providers to provide patient care beyond clinics. These technologies ensure reduction in overall healthcare cost, lowering of administrative time and personnel allocation requirements, improvements in internal communication process, efficient management of patients and their data, and enhancements in nursing activities. Thus, they have become an important enabler of healthcare management for caregivers and care payers owing to the effortlessness of capturing, sharing, analyzing, and collaborating the medical information. Telemedicine apps are also employed to provide medical education services as they allow students to visualize experiments conducted by experts and share the knowledge to students and patients with highest ease. Thus, the increasing adoption of telemedicine and mHealth applications is driving the mobility solutions market growth.

Healthcare Mobility Solutions Market: Segmental Overview

Based on products and services, the healthcare mobility solutions market is segmented into mobile devices, mobile applications, and enterprise mobility platforms. In 2019, the mobile devices segment accounted for the largest market share and it is estimated to dominate the market with highest CAGR during 2020–2027. The growth of market is attributed to the growing development in the medical device technology, which is integrated with information technology. The increasing digitalization and rising adoption of automated medical devices are likely to foster the growth of market during the forecast years.

Based on application, the healthcare mobility solutions market is segmented into enterprise solutions, and mHealth applications. The enterprise solutions segment held the largest share of the market in 2019 and is estimated to register the highest CAGR in the market during the forecast period.

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