May 2, 2024

Mobile Health Vehicle Market Is Expected To Be Flourished By The Increasing Need For Advanced Healthcare Infrastructure In Rural Areas

The mobile health vehicle market consists of motor vehicles used to provide healthcare services in rural and remote locations that lack proper healthcare infrastructure. These vehicles are typically equipped with basic medical equipment to conduct examinations, provide immediate medical attention, dispense medicines, conduct diagnostic tests, offer counseling, and conduct awareness campaigns. They play a crucial role in increasing healthcare access in underdeveloped and hard-to-reach areas. Common vehicle types used are customized vans, trucks, and buses equipped with examination rooms, medical devices, and personnel.

The global Mobile Health Vehicle Market is estimated to be valued at Us$ 244.07 Mn in 2023 and is expected to exhibit a CAGR Of 6.8% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

One of the key drivers for the growth of the mobile health vehicle market is the increasing need for advanced healthcare infrastructure in rural areas. According to the World Bank, over 50% of the global population lives in rural areas that lack proper access to healthcare facilities, physicians, and emergency care. Mobile health vehicles help bridge this gap by regularly visiting remote locations and providing basic medical services. They play a critical role in improving health outcomes in underserved communities by enhancing access. Furthermore, growing government initiatives to enhance rural healthcare further fuel the demand for mobile health services and vehicles. For instance, the Government of India’s National Mobile Medical Unit (NMMU) Scheme aims to establish 50,000 NMMUs across the country by 2025 to take healthcare services to people’s doorsteps in rural India. Such initiatives are creating significant opportunities for players in the mobile health vehicle market.

 

Segment Analysis

 

The global mobile health vehicle market is segmented into ambulance services, primary care units and mobile testing units. The ambulance services segment is dominating the market as it accounts for over 40% of the market share. Ambulance services play a vital role in providing emergency medical care and transportation.

PEST Analysis

Political: The rising government focus and investments in healthcare infrastructure development is supporting the growth of mobile health vehicle market.

Economic: Increasing per capita healthcare expenditures and rising disposable incomes are fueling the demand for advanced healthcare services and mobile healthcare delivery vehicles.

Social: Growing prevalence of chronic diseases and increasing healthcare awareness among people are propelling the adoption of mobile health vehicles.

Technological: Advancements in medical technologies, diagnostics and portability of equipment are enabling effective delivery of healthcare services through mobile health vehicles.

Key Takeaways

The Global Mobile Health Vehicle Market Size  is expected to witness high growth at a CAGR of 6.8% during the forecast period of 2023 to 2030.

Regional analysis:

 

North America dominates the global mobile health vehicle market with over 35% share. This is attributed to factors such as presence of advanced healthcare infrastructure, higher adoption of innovative medical technologies and rising healthcare expenditures. Asia Pacific is projected to emerge as the fastest growing regional market due to increasing healthcare reforms, growing patient population and rising investments by key players.

Key players:

 

Key players operating in the mobile health vehicle market are Ecolab Inc., Novozymes A/S, Reckitt Benckiser Group PLC, Church & Dwight Co., Inc., The Clorox Company, Kikkoman Corporation, Spartan Chemical Company, Inc., Diversey, Inc., Johnson & Johnson, Danaher Corporation, Henkel AG & Co. KGaA, Procter & Gamble Co., DuPont de Nemours, Inc., Colgate-Palmolive Company, and Biokleen.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it