A new MarketsandMarkets report projects the Asia-Pacific and Latin American regions would drive future growth in the global healthcare mobility solutions market to $84.82 billion by 2020.
The market analyst said Thursday both economies have attracted local entrepreneurs and global leaders by modifying healthcare-related regulations and monitoring how policies are implemented.
The report also suggests that the growing geriatric population in Japan could spur the demand for healthcare mobility services in the coming years as mobile devices continue to penetrate the country.
“Currently, there is a major shift in patient care and administration with mobility becoming an important model for both patients and healthcare organizations,“ MarketsandMarkets says.
“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 market research firm adds.
MarketsandMarkets sets the compound annual growth rate for the healthcare mobility solutions market at 28.4 percent from 2015 through 2020.