Market Trends of Global Mobile Clinics Industry
This section covers the major market trends shaping the Mobile Clinics Market according to our research experts:
Geriatric Care by Clinic Type is Expected to Witness Growth Over the Forecast Period
The geriatric care segment is anticipated to witness healthy growth over the forecast period. The major factors affecting the growth of the segment include the rising burden of chronic disease and emergency cases among the geriatric target population. The subsequent rise in the geriatric population is also expected to contribute to the growth of the market studied.
As per the World Population Prospects published in 2022, the share of the global population aged 65 years or above is projected to rise from 10% in 2022 to 16% in 2050. By 2050, the number of persons aged 65 years or over worldwide is projected to be more than twice the number of children under age 5 and about the same as the number of children under age 12. Similarly, the proportion aged 65 or over in Eastern and South-Eastern Asia is expected to double from around 13% in 2022 to 26% in 2050. Sub-Saharan Africa, which has the youngest age distribution of the eight SDG regions, is also projected to experience population aging over the coming decades with the percentage of the population aged 65 or over rising from 3% in 2022 to almost 5% in 2050. This target population and the increased length of life expectancy throughout the world are expected to have a significant impact on the healthcare system and an increase in chronic diseases. Thereby having, a positive impact on the geriatric care segment, driving the growth of the global mobile clinics market growth.
Therefore, owing to the aforementioned factors, the geriatric care segment is expected to dominate the market in the coming years.
North America is Expected to Dominate the Market in the Forecast Period
North America is one of the major contributors to the studied market, owing to increasing chronic diseases and rising birth rates in the countries of the region. The rise in the need for advanced technology is expected to offer significant growth opportunities for the studied market over the forecast period.
Emergency care providers are focusing more on response time currently. The standardization, technology, training, and scalability of services are improving to ensure that care reaches the right time for the patient. The number of organizations present in the countries of the North American region offers an advanced technology-based infrastructure that employs location mapping and new-age tracking technologies to reduce the turnaround time for emergency response. Also, the manufacturers and contract organizations are inclined towards partnerships with secondary and tertiary care hospitals to cater to their huge patient pool. This is flexibility and feasibility towards technology, and availability at the time of emergency is possible due to advanced technology. This drives the growth of the mobile clinics market in the region.
Furthermore, the Behavioral Risk Factor Surveillance System (BRFSS) September 2021 data shows that the adult obesity rates exceeded 35% in nine states, 30% in 31 states, and 25% in 48 states in the United States. Mississippi has the highest adult obesity rate at 39.7% and Colorado has the lowest at 24.2%. Between 2019-2020, the adult obesity rate increased in Alabama, California, and Iowa. This increasing burden of obesity among the population is increasing the risk of sudden cardiac attacks, hence, driving the demand for mobile emergency clinics in the United States.
In addition, the prevalence of diseases such as osteoarthritis has increased significantly in Canada. For instance, according to a report titled 'The Burden of Osteoarthritis in Canada (2021)' commissioned by the Arthritis Community Research and Evaluation Unit (ACREU), around 15% of Canadians aged 20 years and above had osteoarthritis. The report further stated that more than 4 million Canadians, or about one in every seven adults, have osteoarthritis. The high burden of such disorders is expected to boost the demand for orthopedic emergency care. Therefore, as mobile clinics are available for most emergencies with facilities available inside, this is expected to positively impact the mobile clinics market in Canada.
Therefore, owing to the aforementioned factors, the market for mobile clinics is anticipated to witness growth in the region over the forecast period.
