Market Challenges And Opportunities
Global Healthcare Mobility Solutions Market – Driver
- Increasing partnerships between key market players: An increase in the number of partnerships by key market players is expected to propel the growth of the market over the forecast period. For instance, in May 2023, Koninklijke Philips N.V., a multinational conglomerate corporation, announced a partnership with Masimo, a medical device company, to supplement patient monitoring capabilities in home telehealth apps with Masimo W1TM smart health tracking watch.
- Increasing number of acquisitions by market players: An increase in the adoption of strategies such as acquisitions by key market players is expected to drive the global mobility healthcare solutions market growth. For instance, in December 2021, Oracle Corporation, a computer software company, announced that it had acquired Cerner Corporation, a computer and information technology company providing technologies such as healthcare mobility solutions.
Global Healthcare Mobility Solutions Market: Restraints
- Privacy and security concerns: Privacy and security concerns are expected to hinder the market growth. Ensuring data privacy and security is one of the major challenges faced by healthcare mobility solution providers. Security and privacy risks are a huge concern due to growing practices including unauthorized access, identity theft, data hacking, and patient data alteration or modification. This challenge can be overcome by spreading awareness about unauthorized access, identity theft, and data hacking among users to use healthcare mobility solutions more securely and safely.
| Restraints & Challenges: |
- Privacy and security concerns
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