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. However, data security concerns and lack of skilled professionals are other factors that may hinder the growth of the market.
Key Market Trends
Patient Care Management Segment is Expected to Witness a Healthy Growth Over the Forecast Period
Patient care management is anticipated to show a high CAGR over the forecast period due to rising patient concerns and demand for continuous monitoring. Reduction in healthcare costs lowers the burden on health care payers and providers, rising geriatric population and burden of chronic diseases, implementation of initiatives to shift the burden of risk from healthcare payers to providers, and government initiatives are found to promote patient-centric care act as the major driving factors for the patient care management segment. Patient care management involves utilization management, case management, disease management, absence management, nursing, and advocacy services.
Patients are thus found using the healthcare mobility solutions on a large scale in coming years, owing to rising awareness levels and increasing penetration of mHealth apps.
North America is Found Dominating the Healthcare Mobility Solutions Market
North America accounts for the largest share of the market and this can be primarily attributed to more number of smartphone users and higher adoptability to the online services, which are anticipated to augment the growth of the market over the forecast period. Healthcare in the North American region is experiencing positive trends, with the emergence of mHealth and its applications that help people in active personal health management.
The market in Asia-Pacific region is also driven due to the growing number of healthcare systems such as hospitals, clinics, nursing homes, and other ambulatory care settings; and the rising prevalence of chronic diseases and disorders which need continuous patient monitoring.
Market players in the global healthcare mobility solutions market are found focusing on new product launches, such as basic cardiology and blood glucose monitors. Moreover, smartwatches, health monitors, pedometers, and activity trackers are some of the trendy wearable devices launched by several companies. Additionally, companies are focusing on industry collaborations, mergers and acquisitions, and partnerships in order to enhance their presence in the global healthcare mobility solutions market.
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