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Key Influencer in the Healthcare Mobility Solutions Market 2025: Rising Digitalization And Smart Device Adoption Energize The Healthcare Mobility Solutions Market Driver
Which drivers are expected to have the greatest impact on the over the healthcare mobility solutions market's growth?The growth of the healthcare mobility solutions market is predicted to be fueled by the rising digitalization and expanding use of intelligent devices in the health sector. The healthcare industry has been shifting its focus toward digital technologies that enhance access to health data while transforming patients' hospital experiences. The broad category of mHealth technologies includes smartphone health applications, devices compatible with smartphones, wireless and wearable devices, portable imaging platforms, and miniature sensor-integrated technologies. With healthcare mobility solutions, healthcare companies can efficiently manage their staff, maintain all patient information, and elevate nursing activities. A report by the National Library of Medicine, a US government-run medical library, showed that the US medical industry is using smart devices with sensors for diagnosing diseases, totaling an amount of $143.6 billion in June 2023. Moreover, the industry is witnessing an average annual growth rate of 16% over a seven-year period. Thus, the upsurge in digitalization and the growing usage of smart devices in healthcare are key factors propelling the expansion of the healthcare mobility solutions market.
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What is the future CAGR of the healthcare mobility solutions market, and how will it impact industry expansion?
The market size for healthcare mobility solutions has seen significant growth lately. It is projected to rise from $188.43 billion in 2024 to $236.74 billion in 2025, with a compound annual growth rate (CAGR) of 25.6%. Factors that contributed to this expansion in the past include enhanced patient care, higher efficiency and productivity, electronic health record (ehr) accessibility, care coordination, and patient engagement.
Anticipated over the coming years, the healthcare mobility solutions market size is set for an exceptional growth, predicted to reach a staggering $622.64 billion by 2029, growing with a compound annual rate (CAGR) of 27.3%. The substantial growth during this projected period can be linked to aspects like value-based care, interoperability, data privacy and security, expansion of telehealth and pandemic preparedness. Prominent trends that are expected to be observed throughout this forecast duration involve mobile health applications, wearable health technologies, remote patient monitoring, accessibility to mobile Electronic Health Records (ehr), implementation of Artificial intelligence (AI) and predictive analytics, and the influence of Internet of Things (IoT) within the healthcare sector.
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What are the most significant trends transforming the healthcare mobility solutions market today?
Leading corporations in the healthcare mobility solutions marketplace are innovating new products like wireless monitoring systems with the aim of reaching a wider consumer base, accelerating sales, and boosting revenues. Wireless monitoring systems are innovative technologies engineered to remotely and wirelessly gather, relay, and examine data from a range of sensors, devices, or equipment. A case in point is GE HealthCare, an American medical technology firm, which received FDA approval for its Portrait Mobile wireless and wearable monitoring solution in March 2022. The platform of Portrait Mobile enables constant real-time monitoring, giving a customized glimpse of a patient's vital signs, whilst facilitating their mobility during crucial periods of recovery, specifically after surgery or post-intensive care unit discharge. With the help of wireless sensors sported by the patient and a monitor akin to the size of a smartphone, the necessity for traditional cables is obliterated, allowing patients the liberty to roam around the ward sans constraints. This mobile aspect is vital in improving patient results and shortening hospital stays. Portrait Mobile harnesses GE Healthcare's proficiency in parameter accuracy to bring the measurement of respiration rates up-to-date using progressive wireless sensor technology. This system's bi-vector respiration rate measurement technology incorporates an innovative algorithm specifically created for mobile patients, ensuring the successful recording of continuous respiratory rates, even when patients' breathing patterns vary.
Which key market segments comprise the healthcare mobility solutions market and drive its revenue growth?
The healthcare mobility solutions market covered in this report is segmented -
1) By Product type: Mobile Devices, Mobile Applications, Enterprise mobility platforms, Other Product Types
2) By Applications: Enterprise Solutions, mHealth Applications, Other Applications
3) By End User: Payers, Providers, Hospitals, Laboratories, Patients, Other End-Users
Subsegments:
1) By Mobile Devices: Smartphones, Tablets, Wearable Devices
2) By Mobile Applications: Patient Engagement Apps, Clinical Workflow Apps, Telehealth Apps
3) By Enterprise Mobility Platforms: Mobile Device Management (MDM) Solutions, Mobile Application Management (MAM) Solutions
4) By Other Product Types: Mobile Health (MHealth) Solutions, Remote Patient Monitoring Devices
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What regions are at the forefront of healthcare mobility solutions market expansion?
North America was the largest region in the healthcare mobility solutions market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the healthcare mobility solutions market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the leading players fueling growth in the healthcare mobility solutions market?
Major companies operating in the healthcare mobility solutions market include Oracle Corporation, SAP SE, McKesson Corporation, Cerner Corporation, Zebra Technologies, Philips Healthcare, AT&T Inc., Cisco Systems Inc., Omron Corporation, Airstrip Technologies Inc., IBM Corporation, Wipro Limited, Microsoft Inc., Honeywell International Inc., Qualcomm Inc., Verizon Communications Inc., General Electric Company, Netsmart Technologies Inc., Datamation Systems, Pioneer Solution, emocha Mobile Health, MEDITECH Plc, GreatCall Inc., Pager Inc., Barcoding Inc., Onyx Ltd., AngelEye Health, Eddy Co., Pluto Health Inc., Solutionize Global Ltd., 1uphealth Inc., Apple Inc., Medtronic Inc., Siemens AG
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What Is Covered In The Healthcare Mobility Solutions Global Market Report?
•Market Size Forecast: Examine the healthcare mobility solutions market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the healthcare mobility solutions market for a structured understanding.
•Key Players Overview: Analyze major players in the healthcare mobility solutions market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the healthcare mobility solutions market.
•Segment Contributions: Evaluate how different segments drive overall growth in the healthcare mobility solutions market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the healthcare mobility solutions market.
•Industry Challenges: Identify potential risks and obstacles affecting the healthcare mobility solutions market.
•Competitive Landscape: Review strategic developments in the healthcare mobility solutions market, including expansions, agreements, and new product launches.
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