Health Mobility Solution Market

Report Description
Table of Contents

Report Description

The global health mobility solution market size is estimated to be USD 69.78 billion in 2021 and is expected to witness a CAGR of 27.45% during the forecast period. Growth in demand for customized medication and treatment is a key driver for the growth of the global health mobility solution market. Additionally, introduction of novel technically advanced products and increasing demand for application of mobile health are some of the other drivers propelling the market growth. However, security & safety issue related to patient’s health information and shortage of skilled professionals in the market are expected to restrain the global market growth.

Global Health Mobility Solution Market Size (USD Billion), 2021-2029

Source: Erevna Healthcare

By Product & Service

Based on product & service, the market is sub-segmented as mobile devices, mobile applications, and enterprise mobility platforms. In 2021, the mobile devices segment accounted for a substantial revenue share and is expected to grow with a lucrative CAGR during the forecast period. This is attributed to the increase in acceptance of mobile equipment’s such as smartphones and tablets by all age groups worldwide. Mobile applications segment is expected to grow at a profitable CAGR during the forecast period. This is attributed to the various benefits offered by the use of mobile applications in various cases, which has demonstrated to be very effective in cases of chronic diseases by spreading awareness regarding preventive, causative, and curative agents.

By Application

Based on application, the market is segmented into mHealth applications and enterprise solutions. In 2021, the enterprise solutions segment accounted for a substantial revenue share and is anticipated to grow with a lucrative CAGR during the forecast period. This is attributed to the rise in demand for secure coupled with affordable business solutions worldwide. mHealth applications segment is expected to grow at a profitable CAGR during the forecast period. This is attributed to the increasing demand for application of mobile health along with the rise in influence of social media on healthcare.

By End User

Based on end user, the market is categorized into patients, payers, and providers. In 2021, the providers segment accounted for a substantial revenue share and is anticipated to grow with a lucrative CAGR during the forecast period. This is due to the widespread use of mobility solutions in hospitals for keeping & judging patients’ health online, electronic health records, and offering medical education worldwide. The payers segment is anticipated to grow at a profitable CAGR during the forecast period, due to the rise in encouraging initiatives taken by the government for providing health mobility solutions to healthcare payers.

Regional Insights

In 2021, North America held the major revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the presence of major players in the region, growth in initiatives from the government, and accessibility of technologically advanced products in the region. Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the less stringent regulations, increasing incidence of chronic and targeted diseases in various countries, growing government and corporate investment in healthcare sector, and introduction of new products in the market.

Competitor Insights

Some of the key players in the health mobility solution market are Oracle Corporation (U.S.); SAP SE (Germany); McKesson Corporation (U.S.); Cerner Corporation (U.S.); Zebra Technologies (U.S.); Philips Healthcare (Netherlands); AT&T Inc. (U.S.); Cisco Systems, Inc. (U.S.); Omron Corporation (Japan); Airstrip Technologies, Inc. (U.S.); Microsoft, Inc. (U.S.); Apple, Inc. (U.S.); Qualcomm, Inc. (U.S.); IBM Corporation (U.S.); Hewlett-Packard (HP) Inc. (U.S.); Verizon Communications, Inc. (U.S.). The leading players operating in the health mobility solution industry are adopting various strategies including R&D investments, adaption of advanced techniques, new technology launches, mergers & acquisitions, and regional expansions to capture a maximum revenue share.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The health mobility solution market report is categorized into the following segments and subsegments: