Global Market of Healthcare Mobile Computers: Overview
The current valuation of the healthcare mobile computers market in 2022 is US$ 1.2 billion and it is projected to grow at a promising CAGR of 5% between 2022-2032 to reach a valuation of US$ 1.95 billion.
Market Valuation (2022)
US$ 1.2 billion
Market Valuation (2032)
US$ 1.95 Billion
The major factors driving the growth of the market are
Specialized products for the healthcare industry that is designed to operate in the Hospital Data Framework
Features such as s 2D scanning, easy data collection, biometric recognition, and patient wristband scanners.
- Easy centralized collection of all patient-related data, such as biometric information and medical history.
- The latest innovations in the industry are driven by frequent mergers and acquisitions.
- Increased investment into research and development activities in the healthcare mobile computers market driven by rapid digitization of the healthcare sector.
- Increased utility of personal devices such as a smartphone in patient communication in the healthcare sector.
- Development of applications that are conducive to specific patient concerns.
- Availability of 4G/5G network enabling quick transfer of data within large organizations.
- Enhanced use of data management systems that enable to effectively transmit and process the data collected through healthcare mobile computers.
- Connection of healthcare mobile computers to centralized data systems, such as the PACS system used in radiology, to efficiently transfer data.
Recent innovations in the healthcare mobile computer market have enabled the secure transfer of data within medical institutions. This has propelled key industry players to develop innovative products that cater to specialized user concerns.
These include department-specific technological innovations that promote secure communication of confidential medical records and patient information. Recent cyberattacks on hospital data systems are a key healthcare mobile computer market restraint.
There is increasing worry about maintaining the confidentiality of sensitive patient information and the need for cybersecurity for hospitals’ digital data storage systems. Hence, industry leaders need to develop advanced technology-embedded healthcare mobile systems that are highly secure to improve consumer confidence.
Developed nations in North America and Europe are expected to hold the largest market share during the forecast period. The availability of advanced medical technologies, coupled with greater patient access to technology, is the major growth factor.
Further, the medical systems in these regions, such as those of Canada, the United States, and the UK, started the digitization process much earlier than the developing and under-developed nations. Thus medical data management systems are much more advanced and efficient.
Due to the increased digitization of diverse demographics, the Asia-Pacific region is expected to record a promising CAGR during the forecast period. This is bolstered by increasing investment in public healthcare systems as well as the adoption of advanced technologies such as 5G in the region.
Healthcare mobile computing involves use of mobile devices and enterprise platforms to communicate and efficiently manage exchange of medical data among several end users. The use of mobile computing and applications can help make this changeover across healthcare amenities, resulting in fewer hospitals readmissions and augmented patient’s outcomes.
Mobile computers enable healthcare service providers to have access to patient information on-demand and at any location within the facility, ensuring the highest quality care possible at cost effective price.
Currently, the healthcare industry is witnessing use of point-of-care computing solutions including laptops, smartphones, tablets, handheld scanners, RFID readers, and mobile carts owing mainly to affordability, ease in accessibility, and timely medical assistance provided by these devices.
Global Market of Healthcare Mobile Computers: Drivers and Restraint
The market of healthcare mobile computers is expected to observe hefty growth during the forecast period due to various factors such as: increase in adoption rate of mobile computers such as smartphones and tablets in healthcare units, better cost efficiency of mobile computing solutions, rising focus towards patient-centric applications, rapid rise in penetration of wireless networks such as 3G & 4G, shortage of nursing staff and doctors promoting the adoption of mobile computing solutions.
In addition to that, mobile computers are resolving most of the major challenges confronted by the healthcare industry including rising costs & error rates, decreasing profitability, fast-changing regulatory environment and demand for quality healthcare, by making healthcare organizations more responsive to the market demand.
Data security issues, lack of standard communication protocols and reimbursement policies, short battery life of mobile computers are few constraint which are expected to hamper the growth of market in the near future.
Global Market of Healthcare Mobile Computers: Region wise outlook
Presently, North America and Europe are one of the major regions witnessing the adoption of the healthcare mobile computers.
The primary factors attributing to the market growth in these regions are; high dissemination of mobile devices, development and adoption of pioneering technologies, and the presence of major companies in this region, which improves consumer approachability to mobile computers.
However, the future growth of the global market of healthcare mobile computers will be driven by the Asia-Pacific and Latin America mainly due to the upsurge in number of healthcare organizations such as hospitals, nursing homes, clinics and other ambulatory care services.
Additionally, increasing frequency of chronic diseases and disorders which demands continuous patient monitoring is also one of the key factors expected to strengthen the growth of mobile devices in this region.
Growth in these regions is expected to be centred on developing economies such as India, China, Singapore, South Korea, UAE, Brazil, Argentina, and Mexico. This is due to the fact that these economies facilitate modified guidelines and are continuously monitoring the implementation of procedures and policies to promote commercialization and innovations in order to attract global investors.
Japan is also one of the significant region witnessing adoption of healthcare mobile computers. The growth is mainly driven by rising geriatric population, leading to susceptibility to chronic diseases and penetration of mobile computers such as smartphones and tablets in the country.
Global Market of Healthcare Mobile Computers: Key Players
Some of the prominent players in the healthcare mobile computers market include Cisco Systems Inc. (US), Oracle Corporation (US), AT&T Inc. (US), Zebra Technologies Corporation (US), Airstrip Technologies, Inc. (US), Cerner Corporation (US), McKesson Corporation (US), Omron Corporation (Japan), SAP SE (Germany), and Philips Healthcare (Netherlands). Other key players include Microsoft Inc. (US), Apple Inc. (US), Hewlett-Packard (HP) Inc. (US), Qualcomm Inc. (US), IBM Corporation (US), and Verizon Communications, Inc. (US).
Decreasing price of electronic components have observed entry of many players in this market. Regional players are becoming a major threat and are further propelling the competition among existing leaders.
In order to maintain their market share, leading players are involved in upgrading their existing products and services. Innovation as a key solution to obtain competitive edge is anticipated to drive innovation in the market, which in turn would help healthcare industry to overcome the challenges associated with mobile computing solutions.
The report covers exhaustive analysis on
- Global Healthcare Mobile Computers Market Segments
- Global Healthcare Mobile Computers Market Dynamics
- Historical Actual Market Size
- Global Healthcare Mobile Computers Market Size & Forecast 2016 to 2026
- Supply & Demand Value Chain
- Global Healthcare Mobile Computers Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
- Global Healthcare Mobile Computers Market Drivers and Restraints
Regional analysis for Global Healthcare Mobile Computers Market includes
US & Canada
Brazil, Argentina & Others
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Market of Healthcare Mobile Computers: Segmentation
Segmentation on basis of product & services type:
On the basis of type of product and services, the global market of healthcare mobile computers is segmented as:
- mobile devices
- mobile software applications
- enterprise platforms
- mobile computers (tablets and smartphones)
- handheld scanners (RFID scanners and barcode scanners).
On the basis of software applications, the market is classified as:
- patient care management (patient monitoring, case management, medication administration, dietary and nutrition)
- operations management (admissions/discharge, revenue management/billing, claims processing)
- staff management (scheduling and time & attendance management).
On the basis of end-users of product and services, the global market of healthcare mobile computers is segmented as:
- payers (insurance carriers, other third-party payers, or health plan sponsors like employers or unions)
- providers (hospitals, laboratories and others)
Segmentation on basis of regions:
Global market of healthcare mobile computers is sub-segmented into 7 key regions
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- The Middle East and Africa (MEA)
Frequently Asked Questions
The market is likely to register a CAGR of 5% through 2032.
The market is currently valued at US$ 1.2 Bn in 2022.
The market is likely to grow to a valuation of US$ 1.95 Bn by 2032.
North America is likely to be a leading market during the forecast period.