Mobile Hospitals Market To Reach Valuation Of US$ 52.8 Bn By 2031: Transparency Market Research

Mobile Hospitals Market: Introduction

According to the report, the global mobile hospitals market was valued at US$ 18 Bn in 2020 and is projected to expand at a CAGR of ~10% from 2021 to 2031. Mobile hospitals is a modular general hospital that is set up to deal with different kinds of diseases and injuries, and has an emergency department to deal with immediate and urgent threats to health. Providing efficient health care service is critical in a disastrous situation and mobile hospitals can be utilized for this purpose.

Rise in Chronic Diseases to Drive Global Market

In the past few decades, incidence of chronic diseases, including diabetes, chronic obstructive pulmonary disease (COPD), asthma, and cancer has increased significantly in major regions across the globe. According to the World Health Organization (WHO), as of October 2017, around 71 million people across the world were estimated to have hepatitis C infection. Additionally, the spread of infectious diseases such as coronavirus where diagnostic testing is a major step taken by physicians to control the spread of the disease boosts the demand for mobile hospitals. For the treatment and diagnosis of such infectious diseases, patients prefer to visit a mobile hospital rather than static hospitals due to high risk of the infection. This drives the global mobile hospitals market.

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Lack of Awareness, Facilities to Hamper Global Market

The lack of awareness among the general population about the benefits of mobile hospital facilities and unavailability of treatment facilities under one roof are projected to restrain the global mobile hospitals market.

Diagnostics & Imaging Facilities to Dominate Global Market

The global mobile hospitals market has been segmented based on type and function. In terms of type, the global mobile hospitals market has been classified into accident & emergency care facility, general surgery facility, diagnostics & imaging facility, specialized surgery facility, dental & ophthalmic facility, and others. The diagnostics & imaging facility segment is anticipated to account for a major share of the global market by 2031, due to increase in demand for CT scan and testing for infectious diseases.

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Therapy/Treatment to Lead Global Market

Based on function, the global therapy/treatment market has been divided into observation, therapy/treatment, consultation, intensive care, and others. The therapy/treatment segment is expected to expand at a high CAGR during the forecast period, due to increase in the demand for primary and preventative care.

North America to Dominate Global Market

The global mobile hospitals market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global mobile hospitals market in 2020, followed by Europe. North America accounted for a major share of the global mobile hospitals market in 2020, due to rise in the number of mobile hospitals to serve the rural population. The mobile hospitals market in Asia Pacific is likely to expand at a high CAGR from 2021 to 2031. Government initiatives, large patient pool in rural areas, and geographic expansion by foreign players, especially in China and India, are projected to drive the mobile hospitals market in the region.

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Competition Landscape

The report also presents profiles of leading players in the global mobile hospitals market. These include Alvo Medical Aspen Medical, CGS Premier, Saba Palaye, Lamboo Medical, Vanguard Healthcare Solutions, Vetter GmbH, U-PROJECT, EMS Healthcare Ltd., La Clinica Health Centers, and Coastal Community Health Services. Leading companies in the global mobile hospitals market focus on strengthening the distribution network and expanding product range to gain market share.

For instance, on March 15, 2017, Ellis & Watts Global Industries announced a new partnership with Lamboo Mobile Medical to engineer, manufacture, and service mobile medical imaging facilities for the healthcare in the U.S. and Canada.

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