Health Care Mobility Solutions Could Be a $227 Billion Market by 2025
Death and taxes aren’t the only inevitable things in life anymore. As it turns out, our insatiable appetite for everything digital has created another unavoidable paradigm: the digitization of the world around us.
It’s exactly this force that has propelled health care mobility solutions into uncharted territory. Recently appraised at $25 billion, this market could grow at a rate of 24.8 percent over the next several years, according to Grand View Research.
As impressive as that $25 billion figure from 2015 is, the projected growth should put the health care mobility market at a staggering $227.1 billion by 2025. Mobile devices are expected to compose the largest share of that staggering amount, with mobile applications and enterprise mobility platforms slowly playing catch-up.
Why the buzz surrounding mobility solutions? The simple answer lies in their ability to amplify collaborative efforts, lay the framework for improved communication and even enhance health outcomes. It’s these benefits that will drive the market’s sustained growth over the next several years.
Key Contributors for Mobility Solutions
The rising popularity of mobile health devices is sure to fuel this growth. As both health care providers and patients seek connected devices to monitor and communicate health needs, adoption will continue to rise. Mobile health (mHealth) devices, along with the proliferation of smartphones and internet connectivity, have already seen increased U.S. adoption rates from 53 to 93 percent, according to Grand View Research.
Another unique contributor is the attitude of local government. For example, North America has seen government initiatives that have created a favorable market for mHealth applications. In 2015 alone, 11 percent of U.S. adults took advantage of mHealth applications for personal health management.
Then, health care providers found themselves as the largest market-share holders when it comes to health care mobility solutions in 2015. What is surprising is the impact of social media as a contributing force. Used as a tool to increase awareness, the modern health care market is seeing a sizable impact from social platforms.
And really, enterprise mobility solutions and mHealth applications are just getting started. As impressive as the last couple years were for this technology, advances in wearables, mobile platforms and even our own understanding of their capabilities have laid the groundwork for an exciting future.