Healthcare Mobility Solutions Market Worth $84,817.9 Million by 2020
DALLAS, May 21, 2015 /PRNewswire/ --
According to a new market research report "Healthcare Mobility Solutions Market by Products & Services (Mobile Devices, Mobile Apps, Enterprise Platforms), by Application (Patient Care, Operations, Workforce Management), by End User (Payers, Providers, Patients) - Global Forecast to 2020 ", published by MarketsandMarkets, the Healthcare Mobility Solutions Market is expected to reach around $84,817.9 Million by 2020 with a CAGR of around 28.4% from 2015 to 2020.
Browse 238 market data Tables and 44 Figures spread through 250 Pages and in-depth TOC on "Healthcare Mobility Solutions Market"
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Healthcare mobility involves the use of mobile devices, applications, and enterprise platforms to communicate as well as securely and more efficiently exchange clinical data among various end users such as payers, providers, and patients. The use of mobile technologies and applications can help make this transition across healthcare facilities, resulting in fewer hospitals readmissions and better patient outcomes. Mobility solutions allow workers and staff of the healthcare ecosystem to access all kinds of information while controlling costs and managing risks. By leveraging the profits of an integrated and security loaded wireless policy across the organization, the employees can present patient care more economically, improve response time, and augment patient output along with reducing risks and expenses.
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The healthcare industry has been one of the early adopters of enterprise mobility, with mobile devices and applications significantly contributing towards improvement in every aspect of the healthcare ecosystem. Healthcare mobility solutions are playing an outstanding role in solving some of the major challenges faced by the industry, including rising costs, fast-changing regulatory environment, increasing error rates, decreasing profitability, and demand for quality healthcare. Doubt in the early years on the utility and success of mobility in healthcare is now replaced with the rising trust and expanding role for mobile devices, enterprise software, and applications in healthcare systems. Currently, there is a major shift in patient care and administration with mobility becoming an important model for both patients and healthcare organizations. However, data security issues, short battery life of mobile computers, lack of standard communication protocols and reimbursement policies, and infrastructural and cost issues may restrain the growth of this market during the forecast period.
In this report, the healthcare mobility solutions market is segmented on the basis of products and services, applications, end users, and regions. This report also discusses key market drivers, restraints, opportunities, and challenges for this market and its submarkets. The global healthcare mobility solutions market is expected to reach $84,817.9 Million by 2020 from $24,335.3 Million in 2015, at a CAGR of about 28.4% from 2015 to 2020.
In 2014, North America accounted for the largest share of the global healthcare mobility solutions market, followed by Europe, Asia-Pacific, and RoW. The high shares of North America and Europe are primarily attributed to the high penetration of mobile devices, development and adoption of innovative technologies, and the presence of major companies in this region, which improves consumer accessibility to mobility solutions. Moreover, the adoption of patient-centric applications is highest in these regions, which is fuelling the growth of the healthcare mobility solutions market. However, the future growth of the healthcare mobility solutions market will be driven by the Asia-Pacific and Latin American regions. As opposed to the North American and European markets, the demand in the APAC and Latin American markets is primarily driven by the growth in the overall healthcare industry. This is mainly attributed to the continuous efforts of Asian economies to develop their healthcare sectors. These economies have modified regulations and monitored the implementation of procedures, policies, and guidelines to promote innovation and commercialization. This is attracting many homegrown entrepreneurs and global leaders to these regions.
With the rapid rise in healthcare infrastructure and expenditure such as that of India and China and the rising awareness of healthcare mobility solutions, the markets in these regions will register significant growth in the coming years. Moreover, the rising geriatric population in Japan (leading to susceptible chronic diseases and rapid penetration of mobile devices such as smartphones and tablets in developing countries) is also likely to fuel the demand for healthcare mobility solutions in these countries in the coming years.
The Healthcare Mobility Solutions Market is highly fragmented, with the presence of many large as well as niche market players operating at international and regional levels. Some of the prominent players in this market include Oracle Corporation (U.S.), AT&T Inc. (U.S.), Cisco Systems, Inc. (U.S.), Philips Healthcare (Netherlands), SAP SE (Germany), Zebra Technologies Corporation (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), Omron Corporation (Japan), and Airstrip Technologies, Inc. (U.S.). Other players in this market are Microsoft, Inc. (U.S.), Apple, Inc. (U.S.), Qualcomm, Inc. (U.S.), IBM Corporation (U.S.), Hewlett-Packard (HP) Inc. (U.S.), and Verizon Communications, Inc. (U.S.).
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