MOBILE HEALTH VEHICLE MARKET ANALYSIS

Mobile Health Vehicle MarketSize and Trends

Global mobile health vehicle market was estimated at US$ 244.8 Mn in 2023, and is anticipated to reach US$ 383.3 Mn by 2030, expanding at a CAGR of 6.6% during the forecast period.

Global Mobile Health Vehicle Market Trends

• Increasing adoption of inorganic growth strategies such as partnership: Increasing adoption of inorganic growth strategies such as partnership by the key players in the market is expected to drive the growth of the market over the forecast period. For instance, on March 6, 2023, Phoenix Motor Inc., a global leader in the custom design and manufacture of purpose-built specialty vehicles, announced the signing of a Memorandum of Understanding (MOU) with Matthews Specialty Vehicles to jointly build and deploy Class 4 electric specialty vehicles for commercial applications such as mobile healthcare, biomedical services, bloodmobiles, bookmobiles, classrooms, public safety, and shuttles
• Focus on providing services to patients: The key players are focusing on providing services to patients which is expected to drive the growth of the market over the forecast period. For instance, on March 2, 2020, Ronald McDonald Care Mobile provided free vaccinations and checkups to children in the Houston area in U.S. The Ronald McDonald Care Mobile's two-room clinic on wheels delivers high-quality free medical care at traditional Texas Children's Hospitals.
• Increasing launch of mobile healthcare vehicles: The market players are focusing on growth strategies, such as the launch of mobile healthcare vehicles, which is expected to drive the market growth over the forecast period. For instance, in October 2021, Office of Academic Clinical Affairs, University of Minnesota, a public research university in the U.S., launched a mobile healthcare vehicle. This mobile healthcare vehicle features a 38-foot, climate-controlled truck, which has two exam rooms that can provide general medical, pharmaceutical, dentistry, vision, and nursing services to Minnesotans. The truck is furnished with a wheelchair lift and an external awning in addition to the two clinical areas for patient care.
• Customization and Specialization: Mobile health vehicles are becoming more customized and specialized to meet specific healthcare needs. Some vehicles are designed for specific medical specialties, such as dental care, mental health services, or women's health. Customized vehicles are equipped with specialized equipment and amenities to deliver targeted services effectively. This trend allows healthcare providers to cater to specific patient populations and offer focused care.