Health Care Mobility Market to Reach $84.8B by 2020
Friday, May 22, 2015 | Comments

The market for health care mobility products and services, including mobile devices, apps and enterprise platforms, could reach $84.8 billion by 2020, according to a new report by MarketsandMarkets.

The market is expected to grow at a compound annual growth rate of 28.4 percent between 2015 and 2020, the report said.

“The health care industry has been one of the early adopters of enterprise mobility, with mobile devices and applications significantly contributing toward improvement in every aspect of the health care ecosystem,” the report said. “Health care mobility solutions are playing an outstanding role in solving some of the major challenges faced by the industry, including rising costs, fast-changing regulatory environment, increasing error rates, decreasing profitability and demand for quality health care.

“Doubt in the early years on the utility and success of mobility in health care is now replaced with the rising trust and expanding role for mobile devices, enterprise software, and applications in health care systems. Currently, there is a major shift in patient care and administration with mobility becoming an important model for both patients and health care organizations. However, data security issues, short battery life of mobile computers, lack of standard communication protocols and reimbursement policies, and infrastructural and cost issues may restrain the growth of this market during the forecast period.”

The report is available here.

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