Healthcare Mobility Solutions Market: Expansion in the Pool of Geriatric Population to Spell Growth of the Market

Healthcare Mobility Solutions Market: Expansion in the Pool of Geriatric Population to Spell Growth of the Market
Global healthcare mobility solutions market touched a valuation of US$20.13 bn in 2014. Given the high-impact drivers, this market is expected to see opportunities worth US$148.66 bn by 2023, as the market is expected to progress at a CAGR of 25.50% from 2015 to 2023

Transparency Market Research (TMR) has recently published its report on global healthcare mobility solutions market. According to this report, increasing demands and developments of medical requirements, shall promote the growth of healthcare mobility solutions market in forecast period from 2015 to 2023. TMR estimated that the growth will be the result of growing medical requirements in various regions across the globe.

Also the very objective of health mobility solutions to optimum healthcare solutions to the patients in least possible time will act as one of the growth driving factor for this market. The report features various fragmentation of the market with presence of various small, medium and large players of global healthcare mobility solution market. These organizations are engaging themselves in business strategies such as partnerships and collaborations so as to advance in such intense competition. Some of the key contributors of global healthcare mobility solutions market are; Cisco Systems, AT&T Inc., Koninklijke Philips N.V., and Mckesson Corporation.

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TMR’s report shows a CAGR growth of astonishing 25.50% of global healthcare mobility solutions market from 2015 to 2023. In terms of revenue the market is going to reach to worth US$ 148.66 billion by 2023 from US$ 20.13 billion in 2014.

After analyzing various segments of healthcare mobility solutions, the TMR report projects a swift growth of CAGR 25.2% in application segment of global healthcare mobility solution in the forecast period. This shall be attributed to spontaneous growth in the usage of tablets, smartphones, and other PDAs recently. Another factor that drives the growth of application segment of healthcare mobility solutions market shall be the abundant emergence of smartphones. Owing to its convenience to carry, affordability, and capability to exchange information in a streamline manner, smartphones shall elevate the application segment of healthcare mobility solution market.

TMR also analyzed healthcare mobility solution market geographically. The report exhibits a detailed geographical study of the market explaining which sector shall excel more than others. The study shows that region of Asia Pacific is projected show unprecedented growth rate with a CAGR of 25.8% from 2015 to 2023. The growth is expected to be the result of various government initiative to adopt e-health solutions in multiple countries.

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Frequent Technological Advancements Fuels the Growth of the Market

When enterprise mobility solution hit the market, healthcare industry was one of its earliest embracers. It was also amongst first few to implement and get benefited from mobile applications and mobile devices. With the increasing utilization of the mobile technology applications in healthcare sector is projected to assist the growth of global healthcare mobility solutions market. Substantial changes in patient care services is also drawing traction for the market. Finally, rising appeal of quality, precise, less time consuming and ever connected healthcare service is one the most compelling factor that shall drive growth of global healthcare mobility solutions market.

Connected Apps Tend to Create Ample Opportunities for the Players

Smart and internet enabled mobile apps allow the patient to get in touch with doctor instantly. Owing to rising health concerns across the globe, the healthcare mobility solutions market has a huge opportunity to grow during the forecast period. Smart healthcare mobility solutions allow doctors and patient to monitor their health and exchange reports in a hassle-free manner.

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This advantage makes healthcare mobility solutions market to strengthen its position during forecast period. Although high cost involved in research and development of these solutions can hamper the growth slightly. However, developers are looking forward to develop technologies that can reduce the cost of development and implementation of these solution. This in turn will help global healthcare mobility solutions market to reach respective growth target.

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