July 13, 2024
Mobile Health Vehicle Market

Mobile Health Vehicle Market is Expected to be Flourished by Adoption of Digital Health Technologies

The Mobile Health Vehicle market has witnessed significant growth due to rising adoption of digital technologies in healthcare sector. Mobile health vehicles are specially designed vehicles equipped with medical examination rooms, diagnostic devices, pharmacies and laboratories to provide healthcare services in remote and rural areas. These vehicles help in conducting general check-ups, screening programmes, first aid assistance and awareness camps. Various point-of-care diagnostic technologies such as glucometers, cardiopulmonary diagnostic devices and imaging equipment are installed in mobile health vehicles to provide quick diagnosis and initial treatment.

The global Mobile Health Vehicle Market is estimated to be valued at US$ 244.7 Mn in 2023 and is expected to exhibit a CAGR of 12 % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

Growing adoption of digital health technologies is expected to drive the growth of the mobile health vehicle market. Installing telemedicine facilities, electronic health records and connected diagnostic devices in mobile health vehicles help provide healthcare access in remote areas. This has boosted efficiency and convenience of healthcare services. Moreover, use of digital platforms to book appointments and consult doctors remotely has increased the outreach of these mobile healthcare units. Rising focus on improving healthcare infrastructure and access in developing regions through government initiatives will further augment the market growth over the forecast period. The increasing healthcare expenditure will also contribute to the rising demand for mobile health vehicles globally.

Segment Analysis

The global mobile health vehicle market is segmented based on vehicle type and application. Based on vehicle type, the market bifurcates into mobile clinics and mobile labs. The mobile clinic segment dominates the market and accounts for around 70% share due to rising cases of epidemics and pandemics that demand frequent health check-ups of communities in rural and remote areas.

PEST Analysis

Political: Government initiatives to improve healthcare infrastructure in rural areas through mobile clinics promote the market growth. Economic: Rising per capita healthcare expenditure and increasing demand for primary healthcare boosts the demand for mobile health vehicles. Social: Growing awareness about preventive healthcare and need for periodic health check-ups fuels the market. Technological: Integration of advanced medical devices and telehealth facilities in mobile units improves diagnosis and treatment capabilities.

Key Takeaways

The Global Mobile Health Vehicle Market Demand is expected to witness high growth at a CAGR of 12% during the forecast period of 2023 to 2030. The global Mobile Health Vehicle Market is estimated to be valued at US$ 244.7 Mn in 2023 and is expected to exhibit a CAGR of 12 % over the forecast period 2023 to 2030.

Regional analysis: North America dominates the market and holds around 30% share due to growing focus on community healthcare in remote areas. Asia Pacific exhibits fastest growth on the back of rising government investments to provide essential healthcare services in rural regions through mobile health programs.

Key players operating in the mobile health vehicle market are Chang Chun Group, Covestro AG, Dow, Hexion, Kumho P&B Chemicals Inc., LG Chem, Lihuayi Weiyuan Chemical Co. Ltd, Merck KGaA, Mitsubishi Chemical Corporation, Mitsui Chemicals Corporation, Nan Ya Plastics Industry Co. Ltd, Nantong Stars Synthetic Material Ltd, Nippon Steel Chemical & Material Co. Ltd, PTT Phenol Company Limited, SABIC, Samyang Holdings Corporation, Shanghai Sinopec Mitsui Chemicals Co. Ltd, and Sinopec Mitsubishi Chemical Polycarbonate (Beijing) Co., Ltd.

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