Mobile Health Vehicle Market is Expected to be Flourished by Increasing Rural Penetration

Mobile Health Vehicles Market

Mobile health vehicles provide healthcare services directly to patients closer to their locations. They are self-contained medical facilities on wheels equipped with medical examination rooms, medical equipment, and other amenities. Mobile health vehicles facilitate early detection and treatment of diseases in rural and remote areas lacking permanent healthcare infrastructure. They deliver a wide range of preventive, promotional and curative health services such as general checkups, dental care, eye examination, vaccinations, neo-natal care, minor surgery, diagnostic tests, and health awareness campaigns.

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 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

The increasing rural penetration is expected to drive the growth of the global Mobile Health Vehicle Market over the forecast period. According to the World Bank, around 45% of the world's population lives in rural areas with limited or no access to basic health services. Mobile health services help in bridging the gap by providing healthcare at the doorstep of people residing in remote and underserved areas. The Covid-19 pandemic further accentuated the need for preventive healthcare in rural regions using innovative mobile technologies. Additionally, improving healthcare budgets in emerging economies will encourage investments made towards expanding medical facilities via mobile health vehicles, thereby propelling the market growth.

Segment Analysis
The mobile health vehicle market can be segmented into recreational vehicles, trucks, trailers and vans. Trucks dominate the market with over 40% share as they provide mobility as well as adequate space for equipment. Trucks can be easily driven to remote locations for providing healthcare facilities.

PEST Analysis
Political: Governments across regions are increasing healthcare budgets for improving access to healthcare in rural areas through mobile health vehicles. This is driving market growth.
Economic: Rising per capita income is increasing affordability of mobile health services. Emerging economies are major revenue generators for market players.
Social: With growing rural population, demand is increasing for basic healthcare facilities in remote locations which is fueling adoption of mobile health vehicles.
Technological: Integration of telemedicine technologies enables remote consultations. Adoption of IoT and AI is improving efficiency of mobile health operations.

Key Takeaways
The global Mobile Health Vehicle Market Demand is expected to witness high growth.

North America region dominates with over 30% share due to growing focus on reducing healthcare costs. Europe is another major market supported by favourable reimbursement policies for mobile healthcare.

Key players operating in the mobile health vehicle market are Mobile Healthcare Facilities LLC, Odulair LLC, Medical Coaches Inc., Lifeline Mobile, Inc., Matthews Specialty Vehicles, La Boit Specialty Vehicles, Farber Specialty Vehicles, Frazer Ltd., LifeLine Mobile, Inc., EMS Mobil Sistemler, MEPS Mobile Examination Services, Winnebago Industries (Specialty, Vehicles division), NCI Vehicle Rescue PLC, Werres Corporation, FMTV (Firefly Mobile). These players are focusing on developing advanced telemedical solutions to aid healthcare providers.

For more details on the report, Read- https://www.ukwebwire.com/mobile-health-vehicle-market-growth-market-size-share-analysis/

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