Market Size of Global Healthcare Mobility Solutions Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 135.43 Billion |
Market Size (2029) | USD 355.93 Billion |
CAGR (2024 - 2029) | 21.32 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Healthcare Mobility Solutions Market Analysis
The Global Healthcare Mobility Solutions Market size is estimated at USD 135.43 billion in 2024, and is expected to reach USD 355.93 billion by 2029, growing at a CAGR of 21.32% during the forecast period (2024-2029).
COVID-19 had a significant impact on the overall healthcare industry. The article published in 2021 under the title 'A smart healthcare framework for detection and monitoring of COVID-19 using IoT and cloud computing', the introduction of a smart healthcare system that incorporates cloud and IoT technology provided more smooth workflow in less time period. The architecture uses smart connection sensors and deep learning (DL) for wise decision-making. Real-time patient status tracking is done by the intelligent system, which also provides affordable, dependable, and high-quality healthcare services. During COVID-19 there was increased utilization of telehealth and cloud-based platforms in healthcare. Hence COVID-19 had a significant impact on the healthcare mobility solutions market.
The digitalization and increasing use of smart devices are directly influencing the healthcare mobility solutions market in a positive way. Other factors, including the increased influence of the social media on healthcare, increased awareness levels among the population about the potential benefits of healthcare management, increased need of point-of-care diagnosis and treatment, increasing focus on personalized medicine, and patient-centered approach, are driving the growth of the healthcare mobility solutions market.
In addition, the Smile on Wheels mobile health unit was introduced in Chennai in August 2021 by Athenahealth and the Smile Foundation. A Smile on Wheels mobile health unit is anticipated to provide primary healthcare services in a Chennai neighborhood with over 17,600 houses and 88,000 people with the funding support from Athenahealth. A national mobile hospital program called "The smile on Wheels" serves economically backward women and children. To offer vital access to healthcare services, the initiative sends medical vans filled with qualified doctors, nurses, medical personnel, and medicine to targeted villages and underprivileged regions.
Furthermore, as per the 2022 update, the National Health Authority (NHA), under its flagship scheme of Ayushman Bharat Digital Mission (ABDM), launched a revamped Ayushman Bharat Health Account (ABHA) mobile application. Over four lakh people have downloaded the ABHA app, which was formerly known as the NDHM Health Records app, from the Google Play Store. People can access their health records whenever and wherever they choose due to the new User Interface (UI) and functions added to the ABHA app.
As per the aforementioned factors, the healthcare mobility solutions market is likely to grow over the forecast period. However, safety and security issues associated with patient health information and a lack of skilled professionals restrain the market growth.
Healthcare Mobility Solutions Industry Segmentation
As per the scope of the report, healthcare mobility involves the use of mobile devices, applications, and enterprise platforms to communicate, as well as securely and more efficiently exchange clinical data among various end users, such as payers, providers, and patients. Technological advancement in the field of healthcare toward providing medical and healthcare services, such as telemedicine, remote monitoring, virtual diagnosis, etc. is called healthcare mobility. The Healthcare Mobility Solutions Market is segmented by Products and Services (Enterprise Mobility Platforms, Mobile Applications (Apps), Mobile Devices), Application (Enterprise Solutions, mHealth Applications) End User (Payers, Providers, Patients), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
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Enterprise Mobility Platforms | |
Mobile Applications (Apps) | |
Mobile Devices |
By Application | |||||
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mHealth Applications |
By End User | |
Payers | |
Providers | |
Patients |
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Global Healthcare Mobility Solutions Market Size Summary
The healthcare mobility solutions market is experiencing significant growth, driven by the increasing digitalization and adoption of smart devices in the healthcare sector. The COVID-19 pandemic accelerated the adoption of telehealth and cloud-based platforms, highlighting the importance of real-time patient monitoring and smart healthcare systems that leverage IoT and cloud computing. This shift has been further supported by initiatives like the Smile on Wheels mobile health unit and the Ayushman Bharat Digital Mission's revamped mobile application, which enhance access to healthcare services. Despite challenges such as security concerns and a shortage of skilled professionals, the market is poised for expansion, particularly in patient care management, due to rising awareness and demand for continuous monitoring and personalized medicine.
North America holds the largest market share, attributed to a high number of smartphone users and a strong inclination towards online healthcare services. The region's market growth is bolstered by an increasing geriatric population, strategic mergers and acquisitions, and the launch of innovative products like Abbott Laboratories' FreeStyle Libre 3 system. Companies are focusing on new product developments, industry collaborations, and partnerships to strengthen their market presence. The introduction of platforms like Indonesia's Health Services and athenahealth's voice-driven digital assistant further exemplifies the global trend towards integrating technology in healthcare, promising continued growth in the healthcare mobility solutions market.
Global Healthcare Mobility Solutions Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Utilization of the Smart Devices (Smartphones, Smart watches, etc.)
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1.2.2 Increased Influence of the Social Media on Healthcare
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1.2.3 Rise in the Demand of Personalized Medicines
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1.3 Market Restraints
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1.3.1 Safety and Security Issues Associated with Patient Health Information
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1.3.2 Lack of Skilled Professionals
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Million)
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2.1 By Products and Services
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2.1.1 Enterprise Mobility Platforms
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2.1.2 Mobile Applications (Apps)
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2.1.3 Mobile Devices
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2.2 By Application
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2.2.1 Enterprise Solutions
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2.2.1.1 Operation Management
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2.2.1.2 Patient Care Management
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2.2.1.3 Work Force Management
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2.2.2 mHealth Applications
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2.3 By End User
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2.3.1 Payers
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2.3.2 Providers
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2.3.3 Patients
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle-East & Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle-East & Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Global Healthcare Mobility Solutions Market Size FAQs
How big is the Global Healthcare Mobility Solutions Market?
The Global Healthcare Mobility Solutions Market size is expected to reach USD 135.43 billion in 2024 and grow at a CAGR of 21.32% to reach USD 355.93 billion by 2029.
What is the current Global Healthcare Mobility Solutions Market size?
In 2024, the Global Healthcare Mobility Solutions Market size is expected to reach USD 135.43 billion.