According to the research report, the global healthcare mobility
solutions market was valued at US$20.13 bn in 2014 and is expected to
reach US$148.66 bn by the end of 2023. During the forecast period of
2015 and 2023, the overall market will progress at a pace of 25.5%
CAGR. The leading segment in the overall market will be mHealth
application segment as analysts predict it will expand at a whopping
CAGR of 25.6% during the forecast period. Geographically, Asia
Pacific is expected to be the fastest growing segment due to a huge
population base. This regional segment will grow at an impressive
CAGR of 28.3%.
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The incorporation of multiple application platforms in new-age
smartphones has made tech savvy users opt for medical attention
through their personal digital assistants. The gap between the need
of the patients and the medical help is being blurred by mobile
applications that have improved response time, clinician decision
making, and overall patient care.
The strong year-on-year increase in the penetration of smartphones
and the accessibility to the Internet has thereby increased the
deployment of healthcare mobility solutions. Furthermore, the growing
acceptance of healthcare mobile solutions such as enterprise mobility
platforms, mobile applications, and mobile devices is adding value to
the efficiency and effectiveness of healthcare in remote areas.
The healthcare mobility solutions market is also being fueled by the
successful rollout of wireless technologies such as 3G, LTE-A, and
LTE. The wide network of these advanced technologies that deliver
high-speed, seamless connectivity, and effortless communication has
allowed vendors in this market to offer groundbreaking healthcare
solutions. The prompt two-way response between the medical
professional and patient to save lives has only been possible due to
the efficient rollout of LTE and LTE-A. This market will also be
driven by the declining nursing staff and the shortage of centers to
treat the ever-growing pool of patients.
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However, developing regions of Latin America and Asia Pacific are
expected to be attractive markets for these solutions. The unmet
medical needs of patients across China, Brazil, South Africa, and
India will not only offer a huge potential for growth to the
companies operating in this market but also revolutionize the state
of medical care in these regions. The soaring patient pool,
increasing number of geriatrics, and the abnormal doctor-to-patient
ratio are all expected to drive the demand for IT-enabled healthcare
solutions in these regions.
The issues faced in complete acceptance of healthcare mobility
solutions are a threat to private information and security breaches.
The potential risk of data hacking, identity theft, unauthorized
access, and tampering with patient data is making both the medical
fraternity as well as the patients skeptical about relying on these
solutions.
The competitive landscape in the healthcare mobility solutions market
is highly fragmented due a large number of players. Transparency
Market Research has identified McKesson Corporation, Cerner
Corporation, and Philips Healthcare as the key players in this market
as of 2014. “These players have a strong presence across Europe and
North America,” reports the author of this research report.
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To increase their geographical reach leading companies are also
trying to expand their focus on inorganic expansion. For instance,
Cerner Corporation joined hands with Truman Medical Centers (TMC) to
collectively work with healthcare information technology to offer
better care to patients and improved solutions to the medical
fraternity.
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