At a CAGR of 6.81%, the size of the global mobile physician practice market is expected to increase from USD 3.98 billion in 2022 to USD 6.76 billion by 2030.
Owing to benefits such as achievement in addressing specific health issues like HIV/ AIDS, drug abuse, addiction and other health challenges, comfort and convenience, better health assessment, improved primary care and chronic condition management, mobile physician practice is experiencing rapid adoption as opposed to traditional doctors' clinics such OPDs, thus fostering progress in global mobile physician practice market.
Covid-19 Impact & Market Status
The challenges faced by mobile physician practice market have been very limited. In fact, the covid-19 pandemic has unprecedently solicited mobile physician services to relieve the pressure on hospitals, treat chronically ill patients or suffering from non-severe Covid-19 at home. The mobile physician practice sector is responding to the covid-19 crisis working aggressively to protect patients. The mobile health service provider coordinating with governments, and other healthcare providers are taking unified efforts treat patients with utmost care at home and contain the virus. The home healthcare agencies have highly skilled professionals taking care of vulnerable populations suffering from various healthcare complexities. This is resulting into improved growth of global mobile physician market.
This report presents study of mobile physician practice market from presented from a global, regional, and economic perspective. Past facts and data about the market are presented along with results to provide a more complete picture.
Telehealth Type is the Most Attractive Segment
The global Mobile Physician Practice market is classified into emergency medicine, telehealth, and others on the basis of type. Among these, the telehealth segment is expected to grow at a substantial percentile every year. A large part of this growth is expected to come from the rapidly mobile technologies and applications, growing penetration integration of mobile health into existing eHealth services, and growing chronic health conditions in patients across Asia, APAC and North America implying significant potential for growth in the global Mobile Physician Practice market.
Managing Emergencies and Disaster Segment to Remain Atop
The global Mobile Physician Practice market is classified into managing emergencies and disaster, mobile telemedicine, patient monitoring, health surveys and data collection, rehabilitation, primary care, assisted living facility, and others on the basis of services. Among these, the managing emergencies and disaster segment is the largest segment in the global Mobile Physician Practice and is expected to witness substantial market growth in forecast years.
Home Healthcare to Ensure Revenue Maximization
The global mobile physician practice market is classified into home healthcare, nursing care, hospices, and other based on end use. Among these, the home healthcare made a substantial contribution to the Gross Domestic Product (GDP) and Compound Annual Growth Rate (CAGR) of global Mobile Physician Practice market owing to key factors like increasing disposable incomes, comfort & convenience, patient centred healthcare, and increasing chronic disease prevalence.
North American Region to Render Ample Investment Avenues
North America in the global Mobile Physician Practice market has witnessed rapid growth in recent years, in line with increasing chronic disease prevalence across US and Canada. Additionally, the people in North America are greatly adopting mobile physician services as it facilitates urgent care, preventative health screenings, and initiating chronic disease managements. North America also holds the largest market share of global Mobile Physician Practice market because of the presence of mobile physician service providers such as Visiting Nurse Association (VNA) Health Group, Mobile Physician Services, and more such trusted providers of home health, visiting physicians, hospice, and community-based care.
The need for more interactive system between patients and the clinicians and innovative solutions to tackle health issues on a community-wide level has accentuated the reliance on mobile physician practice.
Rapid end-use applications such as home healthcare, nursing care, hospices, and other are fostering remarkable progress in global mobile physician practice market.
Advantages such as superlative option in getting comprehensive, personalized medical care with utmost comfort and convenience to medically complex, chronically ill, and homebound patients, increasing prevalence of chronic disorders encourage further adoption.
The mobile physicians are specialists all the services from psychiatry, wound care, pain management, to palliative care, and optometry. During the Covid-19 pandemic, mobile physician practice has picked up tremendous momentum. Mobile physician practice has proved to be an effective option in preventing, diagnosing, treating, and controlling diseases during the outbreak propelling the global mobile physician practice market.
Factors such as improved healthcare accessibility and health outcomes, ever-increasing chronic disease burden and healthcare costs, innovative interventions successfully managing chronic diseases have boosted the global mobile physician practice market.
However, transportation/geographic barriers, financial costs, linguistic and cultural barrier, Lack of healthcare providers, anonymity concerns, absence of patient-centered care, psychological barriers are some key barriers hampering the global mobile physician practice market. Most importantly, pandemic led mobility restrictions is another great challenge facing the global mobile physician practice market. At the same time, ease in restrictions and mobile physician practice termed as superlative option in preventing, diagnosing, treating, and controlling diseases during pandemic are anticipated to growth opportunity to the global mobile physician practice market.
The major players in global mobile physician practice market are Visiting Nurse Association (VNA) Health Group, SOS Doctor, PatientPop, PriveMD, Florida Mobile Physicians, Doctor On Demand, Mobile Physicians Group, TeamHealth, Team Select Home Care, and Mobile Physician Services among others. These mobile physician service providers are unravelling new product portfolios and technological advancements for market fortification amidst Covid-19 impact.
Latest Innovations in the Global Mobile Physician Practice Market: a Snapshot
- VNA Health Group in February 2020, received second consecutive funding from Parker Health Group Inc for expansion of its Advanced Care Institute (ACI) working to provide home primary care and palliative medicine to chronically ill patients.
- Recently, Aardvark Mobile Health deployed state-of-the-art Mobile Health Clinics+ in its effort to provide onsite lab and ensure people can test as quickly as possible and get faster results.
Mobile Physician Practice Market Scope
|Revenue forecast in 2030
|USD 6.76 billion
|CAGR of 6.81 % during 2020-2030
|Type, Application, End Use, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Visiting Nurse Association (VNA) Health Group, SOS Doctor, PatientPop, PriveMD, Florida Mobile Physicians, Doctor On Demand, Mobile Physicians Group, TeamHealth, Team Select Home Care, and Mobile Physician Services among others.
Key Segments of the Global Mobile Physician Practice Market
Type Overview, (USD Million)
- Emergency medicine
Application Overview, (USD Million)
- Managing emergencies and disaster
- Mobile telemedicine
- Patient monitoring
- Health surveys and data collection
- Primary care
End Use Overview, (USD Million)
- Home healthcare
- Nursing care
Regional Overview, (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa