Dublin, June 21, 2024 (GLOBE NEWSWIRE) -- The "Healthcare Mobility Solutions Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)" report has been added to ResearchAndMarkets.com's offering.
The global healthcare mobility solutions market is experiencing a significant upsurge, with projections indicating a growth from US$ 175 billion in 2024 to a staggering US$ 800 billion by 2031. Aiming at a compound annual growth rate (CAGR) of 24%, this improvement is a testament to the rising prominence of mobility in enhancing healthcare services and patient outcomes across the globe.
Several dynamics are at play propelling the healthcare mobility solutions market forward. Firstly, an increased adoption of mobile devices like smartphones and tablets among medical professionals and patients has dramatically altered the provision of healthcare services, paving the way for real-time communication, efficient data sharing, and accessible health information. The development of patient-centric mobile applications is another facet contributing to this trend, improving patient engagement and care management. Additionally, continuous technological advancements are facilitating seamless data exchange, faster diagnosis, and efficient treatment procedures.
The unexpected advent of COVID-19 has significantly influenced the healthcare mobility solutions market. While the pandemic initially imposed a strain on healthcare systems and led to financial challenges, it also remarkably accelerated the adoption of digital health solutions, showcasing the pivotal role of mobile devices in managing remote patient care during times of crisis.
Growth Opportunities Amidst Market Challenges
The market's upward trajectory is dotted with opportunities, such as the rising demand for cost-effective healthcare solutions and the expansion of healthcare infrastructures globally. However, the industry must address several obstacles including data privacy and security concerns, as well as the integration hassles due to a lack of standardized protocols.
Segmental Overview and Regional Insights
A segmental analysis reveals that mobile devices claim the largest market share in the product category. Among applications, enterprise solutions are leading, yet mHealth apps are swiftly catching up, while healthcare providers are the predominant end-users. Geographically, North America and Europe are leading the charge, followed by Asia-Pacific and other regions, driven by innovative adoption and an increasing prevalence of chronic diseases.
Competitive Landscape
A competitive sector, the key players in the healthcare mobility solutions market are continually striving to expand through new product launches, strategic alliances, mergers, and acquisitions. Prominent developments include Fitbit Inc.’s new ready-for-work solution, Cisco Systems Inc.'s acquisition of ThousandEyes, Inc., and Cerner Corporation’s agreement to purchase AbleVets, further enhancing the market's robustness.
A selection of companies mentioned in this report includes, but is not limited to:
- AirStrip Technologies, Inc.
- AT&T, Inc.
- Cerner Corporation
- McKesson Corporation
- Koninklijke Philips N.V.
- Cisco Systems, Inc.
- Oracle Corporation
- SAP SE
- Omron Corporation
- Zebra Technologies Corporation
For more information about this report visit https://www.researchandmarkets.com/r/l7pyh4
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
