Dublin, March 06, 2024 (GLOBE NEWSWIRE) -- The "Healthcare Mobility Solutions Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
This report sheds light on the significant expansion expected within the global healthcare mobility solutions market, emphasizing the remarkable growth anticipated in the Asia-Pacific region and highlighting trends that will shape the healthcare sector in the coming years.
According to the research, the global healthcare mobility solutions market, which stood at $148.7 billion in 2023, is projected to advance to an astonishing $187.39 billion by the end of 2024. This reflects a robust compound annual growth rate (CAGR) of 26.0%. The extensive report elucidates the myriad forces propelling growth, ranging from technological advancements in patient care, improved accessibility to Electronic Health Records (EHR), and the profound shift towards patient-centric healthcare delivery.
Exploring further horizons, the industry is expected to experience an upward trajectory leading to a phenomenal market size of $481.98 billion come 2028, marking a CAGR of 26.6%. The report spotlights critical elements fuelling this growth; among them are the embracement of value-based care, heightened focus on data privacy, and significant strides in telemedicine and pandemic preparedness.
Trends Transforming Healthcare Mobility Solutions
- Mobile health applications proliferation
- Widespread adoption of wearable health technology
- Advancements in remote patient monitoring systems
- Improved access to Electronic Health Records (EHR) through mobile platforms
- Integration of AI and predictive analytics in healthcare
- Application of Internet of Things (IoT) technologies to enhance patient care
Key Drivers Underpinning Market Growth
The surge in market growth can largely be attributed to the increased digitalization across healthcare services and the adoption of smart devices, including smartphones and wearable technology, to manage healthcare more efficiently. Evidence suggests a dramatic increase in the application of smart devices, with the U.S. medical industry alone investing over $143.6 billion into sensor-equipped devices for disease diagnosis.
A significant demographic shift is also reshaping the market landscape—the burgeoning geriatric population. A World Health Organization (WHO) report underscores the need for remote healthcare services by highlighting the anticipated rise in individuals aged 60 and over to 2.1 billion by 2050. This demographic trend underscores the urgent need for healthcare mobility solutions that can deliver effective remote care for the elderly.
Moreover, market leaders are consistently innovating to remain competitive, exemplifying the trend by developing and launching an array of products, like wireless monitoring solutions. These technologically advanced solutions aim to enhance patient care and operational efficiency, catering to the dynamic needs of healthcare providers and patients.
The report details comprehensive regional analyses, with North America emerging as the market leader in 2023. However, it is the Asia-Pacific region that is projected to witness the fastest growth rate, underscoring the expanding opportunity in emerging markets.
The healthcare mobility solutions market report addresses a breadth of products and services, diving into the intricacies of telemedicine, mobile health initiatives, appointment scheduling systems, and remote patient monitoring systems. The figures denoted within the market analysis reflect the factory gate values of the goods and associated services provided by the industry's innovators.
The in-depth market analysis offers invaluable insights for entities operating within the healthcare sector, encompassing hospital administrators, healthcare technology developers, policy makers, and investment professionals, providing them with a comprehensive understanding of the market dynamics and future opportunities in the healthcare mobility solutions space.
A selection of companies mentioned in this report includes:
- Oracle Corporation
- SAP SE
- McKesson Corporation
- Cerner Corporation
- Zebra Technologies
- Philips Healthcare
- AT&T Inc.
- Cisco Systems Inc.
- Omron Corporation
- Airstrip Technologies Inc.
- Hewlett-Packard Company
- IBM Corporation
- Wipro Limited
- Microsoft Inc.
- Honeywell International Inc.
- Qualcomm Inc.
- Verizon Communications Inc.
- General Electric Company
- Express Scripts Holding Company
- Netsmart Technologies Inc.
- Datamation Systems
- Pioneer Solution
- emocha Mobile Health
- MEDITECH plc
- GreatCall Inc.
- Pager Inc.
- Barcoding Inc.
- Onyx Ltd.
- AngelEye Health
- ARGO Group
- Eddy Co.
- Pluto Health Inc.
- Solutionize Global Ltd.
- 1uphealth Inc.
- Apple Inc.
- Medtronic Inc.
- Siemens AG
For more information about this report visit https://www.researchandmarkets.com/r/tjysds
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