Global Healthcare Mobility Solutions Market Size, Trends & Analysis - Forecasts to 2026 By-Products &Services (Mobile Devices, Mobile Applications, Enterprise Mobility Solutions), By Application (Enterprise Solutions,mHealth Solutions), By End User(Payers, Providers, Patients), By Region (North America, Asia Pacific, Europe, Central & South America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis
Healthcare Mobility Solutions Market Insights
Software and mobile applications are rapidly penetrating the healthcare space with the focus of increasing workplace productivity and patient care. Digital healthcare is trending at a faster rate and its unprecedented rise in 2020 led to drastic alternations in the healthcare domain.
Mobility solutions are everywhere and healthcare is exploiting the use of mobile apps and technology to manage daily routine tasks. Studies are focusing on the benefits of technologies and apps designed for healthcare. Some apps equip patients with the knowledge of the working of the heart, conduction of radiology exam, and CT scans. The infusion of electronic resources can lead to improved and fast decision making, reduce the treatment cost through cost analytics structure, and eliminate redundant procedures.
The benefits accrued to the nurses owing to the mobile apps is that there is better handling of shifts and patients. NuseAlert is one such app that equips the nurses with the shift schedule and patient’s medication routine. The onset of the advanced level of care in the hospital has led to the market upsurge for distant monitoring of patients and telemedicine.
The Government’s role has increased in the past few years to upscale the market’s pool. The Government of India in 2016 launched four mobile apps for healthcare services. M-Cessation was one such app that penetrated the Indian health space.
Data collection becomes easy with mobility solutions benefitting the whole healthcare system. Much of the rise in digital data collection can be attributed to the AI and ML models.
AI is predicted to add to the growing digital health worldwide. Diagnosis of cancer and accessibility of the physicians will observe remarkable growth owing to the AI-powered tools.
The healthcare space in 2020 was challenged by the spread of the novel virus but the mobility solutions invasion helped the frontline workers to better handle the pandemic. To also support the invasion, the GOI urged the startups and companies to develop AI solutions benefitting the healthcare domain.
Innovative projects are leveraging the market value and enhancing the manufacturer’s product value. Manufacturers such as the Value Coders have launched at least 4200 projects across the globe. The company’s BI models help the healthcare industry to deliver outstanding outcomes.
Startups are everywhere and their visibility in this market is enhanced through funding from investors. In January 2020, Ride Health raised $6.2 million to help the expansion of its mobility solutions for healthcare.
Another startup that is restructuring the healthcare unit in India is Shifa Care. The startup is bridging the gap between providers and patients through the video calling attribute. Various other MedTech startups revolutionizing the space for healthcare are Heal, FibriCheck, Suki, and Touch Surgery among others. In 2021 and for years to come, digital health will thrive and record breakthrough the introduction of apps and startups focused on making health services affordable. Babylon Health, Health Crowd, HealX, and Village MD among others. To also further raise their potential, HealX in 2019 was able to secure the $56 million investment.
The market value increases multifold when the company’s services comply with the standard norms. Guru Technolabs services are DA, EPCS, HIPPA, and HL7 compliant.
Growth of the telemedicine has positive implications for market growth. India is observing a boom in the telemedicine domain and wearable tech as the government is actively pushing startups and developing policies to build digital health.
Digital health in 2020 observed remarkable growth as the domain raised $9.5 billion in funds majorly owing to the COVID-19 and remote monitoring. The trending behavioral health companies also saw an uptick in the investment as the need for sound mental health was challenged in 2020.
Another way to look at the market potential is through the built-in capacity of the hospitals to integrate software by way of partnerships and alliances with the software companies.
Healthcare Mobility Solutions Market: By Products and Services
Mobile Applications would occupy a dominant space in the market owing to the bulk penetration of healthcare apps to help both patients and the hospital domain. Apps for cardiology study, nurse’s shifts, and patients apps for scheduling the visits to the clinics are rapidly rising to address the clinic’s needs.
Mobile Devices also have made the healthcare space an active area to interact with patients by way of portals and secure messaging.
Healthcare Mobility Solutions Market: By Application
mHealth Solutions are observed to transform the healthcare industry. They are a combination of mobile devices and cloud technology to serve a large pool of end-user. mHealth helps to support telemedicine, storage of relevant healthcare records, and personalized monitoring. Nous Infosystems is one such player changing the way healthcare perceives mHealth solutions.
Healthcare Mobility Solutions Market: By End User
Providers remain the largest users of mobility solutions. The ease in access to the health records, rise in the hospital management solutions, and reduced workplace complexity are all such benefits accrued to the providers. Nurse, doctors, and physicians can better utilize their time and better handle the workload.
Patients are the second largest user of mobile solutions as the market thrives on the patient’s need for quality care and hassle-free visits. Digital visits and e-prescription are allowing the patient to reduce the traveling costs to the clinics and health centers. All such is possible through user-friendly apps.
Healthcare Mobility Solutions Market: By Region
Europe’s dominant leadership position in this space is enhanced by the growing mHealth services. The market is supported by the European Commission’s efforts to tap the opportunities lurking in mobile health. The EU government is heavily bent on the funding of the projects focused on creating sustainable mobile health services.
Asia Pacific’s promising rise in the market is supported by the legal authorities to expand the product domain. Rising hospital visits and nurse demand in the region will have a significant allocation for the mobile apps to manage the workflow.
Market Share and Competitive Analysis
Pioneer Solutions, Mind Inventory, A-1 Technology, AIMDek Technologies, IBM, Softweb Solutions, Brainvire, Space O Technologies, Octal Software, Blackberry, Peerbits, and Guru Technolabs among others are key players functioning in this market.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Healthcare Mobility Solutions Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Healthcare Mobility Solutions Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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