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Key Trends Reshaping the Healare Mobility Solutions Market: Innovation And Product Diversification Strategies In The Healare Mobility Solutions Market Industry Transformation
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.Healare Mobility Solutions Market Size Growth Forecast: What to Expect by 2025?
The market size for healare mobility solutions has witnessed a significant surge in the past few years. It is expected to further escalate from $188.43 billion in 2024 to $236.74 billion in 2025, boasting a compound annual growth rate (CAGR) of 25.6%. The notable growth in the preceding timeline was primarily due to factors such as enhanced patient care, operational efficiency and productivity, accessibility to electronic health records (EHR), coordinated care and patient engagement.
How Will the Healare Mobility Solutions Market Size Evolve and Grow by 2029?
In the coming years, the market size of healare mobility solutions is predicted to experience significant expansion. A growth rate of 27.3% compound annual growth rate (CAGR) is projected, which will elevate the market to a notable size of $622.64 billion by 2029. Contributing factors for this projected expansion within the forecast period encompass aspects such as value-based care, interoperability, data privacy and security, alongside the broadening of telehealth and preparedness for pandemics. Anticipated trends in the forecast period range from mobile healare applications, wearable healare technologies, remote monitoring of patients, mobile access to electronic health records, through to the integration of artificial intelligence and predictive analytics, and the Internet of Things (IoT) in healare.
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What Drivers Are Propelling the Growth of Healare Mobility Solutions Market Forward?
The healare mobility solutions market is predicted to expand due to the growing digitalization and proliferation of smart devices in healare. The healare industry has shifted its focus towards digital technologies, augmenting access to health information and transforming the hospital patient experience. mHealth technologies include smartphone health apps, smartphone-connected devices, wearable and wireless devices, handheld imaging platforms, and minuscule sensor-based technologies. Deploying healare mobility solutions, healare companies can supervise their staff efficiently, manage patient data comprehensively, and optimize nursing operations. For example, a report by the United States' National Library of Medicine, a government-run medical library, in June 2023, revealed that the American medical industry has been capitalizing on smart devices with sensors for disease diagnosis, contributing to a total of $143.6 billion. In addition, this sector witnessed a compound annual growth rate (CAGR) of 16% over a span of seven years. Consequently, the growing digitalization and escalating usage of smart devices in healare is expected to steer the growth of the healare mobility solutions market.
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Which Emerging Trends Are Transforming the Healare Mobility Solutions Market in 2025?
Major companies in the healare mobility solutions market are pioneering new products including wireless monitoring tools to expand their customer range, boost sales, and escalate revenues. These wireless monitoring tools are advanced systems engineered to remotely and wirelessly gather, transfer, and scrutinize data from an array of sensors, devices or machinery. For instance, in March 2022, GE Healare, a medical technology firm based in the USA, declared its Portrait Mobile wireless and wearable monitoring resolution to the Food and Drug Administration (FDA). The Portrait Mobile framework provides real-time monitoring and a customized overview of a patient's vital signs, granting them the liberty to stay mobile during vital recovery periods, particularly after surgery or following exiting the intensive care unit. This system eradicates the need for standard cables by utilizing wireless sensors worn by the patient combined with a monitor about the size of a smartphone, affording patients the flexibility to navigate around the ward without constraints. This mobility is a pivotal element in improving patient results and in minimizing the duration of hospital stays. The Portrait Mobile capitalizes on GE Healare's specialization in parameter accuracy to revolutionize the manner in which respiration rates are measured, by employing trailblazing wireless sensor technology. This system's respiration rate calculation technology for dual-vector incorporates a groundbreaking algorithm specifically configured for mobile patients, facilitating the precise tracking of sustained respiratory rates, even when patients' breathing patterns fluctuate.
What Are the Key Segments in the Healare Mobility Solutions Market?
The healare 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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Who Are the Key Players Shaping the Healare Mobility Solutions Market's Competitive Landscape?
Major companies operating in the healare mobility solutions market include Oracle Corporation, SAP SE, McKesson Corporation, Cerner Corporation, Zebra Technologies, Philips Healare, 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
What Geographic Markets Are Powering Growth in the Healare Mobility Solutions Market?
North America was the largest region in the healare mobility solutions market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the healare mobility solutions market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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