The global healthcare mobility solutions market size is expected to reach USD 628.1 billion by 2030, registering a CAGR of 20.4%, according to a new study by Grand View Research, Inc. The market is driven by increasing demand for digitalization of healthcare. Rising health-related expenditure is the biggest issue many countries are facing nowadays. Hospitals are struggling to provide quality care and cost-effective services to patients. Moreover, political instability, lack of proactive initiatives, and economic stress are the factors questioning the R&D funding in developing nations.
Despite sufficient funding and insurance programs, there has been a constant increase in health expenditure in the U.S., affecting services offered by providers. To overcome this, healthcare mobility services are the best solutions, which is anticipated to propel the demand for these devices.
Mobile devices accounted for the largest market revenue of 42.0% in 2023, driven by healthcare institutions’ preference for their portability, user-friendly interface, and ability to access patient information remotely.
mHealth applications are expected to register the fastest CAGR of 21.8% during the forecast period. These mobile applications enable patients to access medical information, test results, and educational resources, empowering informed decision-making.
Healthcare payers are expected to be the fastest-growing end use segment over the forecast period, registering a CAGR of 19.2%. Healthcare payers are incentivized to implement solutions that prevent unnecessary hospital admissions.
Asia Pacific healthcare mobility solutions market is anticipated to witness the fastest growth in the global healthcare mobility solutions market, registering a CAGR of 23.9% over the forecast period. Market growth in the region is driven by the large population, rising healthcare costs, and increasing healthcare facilities.
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