Segments - Mobile Health Vehicle Market By Product (Van, Truck, Car, and Others), By Application (Mobile Clinics, Mobile Hospital Facilities, Mobile Blood Bank, Mobile Patient Ward Facilities, Mobile Pharmacy Facilities, Others), and by Region (North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
The global mobile health vehicle market size was estimated at USD 217.8 Million in 2021 and is anticipated to reach USD 365.8 Million by 2030, expanding at a CAGR of 5.9% during the forecast period, 2022-2030.
Mobile health vehicles are longstanding community-based service delivery models that fill gaps in healthcare delivery and reach under-resourced populations in both urban and rural areas. Mobile healthcare reduces appointment times and enables quick medical attention on-site for the elderly and other emergency patients.
MHV aims to provide a range of preventive, promotive, and curative services. The governments of underdeveloped countries have sanctioned the deployment of mobile medical vehicles (MMV) to provide better healthcare to rural and underserved areas.
Mobile health vehicles are growing in demand, as they provide service in remote areas and are cost-effective service. The inequalities and social barriers to the delivery of healthcare in many countries and regions are other factors driving the demand for mobile health vehicles.
In the next five to ten years, the need for manufacturing high-performance mobile clinics due to the growing prevalence of chronic diseases is expected to create high demand for mobile health vehicles.
Increasing investments from key market players for R&D activities and a rising focus on product innovations are expected to drive the mobile health vehicle market in the coming years. Key market players majorly focus on mobile clinic vehicles to meet the demand for healthcare services, such as dental, ophthalmic, mammography, and other services. Companies are focusing on research and development to develop a technologically advanced vehicle to gain a competitive edge.
Rising Burden of Chronic Diseases and Emergency Cases
The top conditions contributing to mortality and morbidity in high-income countries (HIC) include ischemic heart disease (IHD), stroke, lung cancer, depression, diabetes, and back and neck pain. The increasing burden of chronic diseases has made their prevention and management a global priority.
Thus, constantly rising incidences of chronic diseases is anticipated to boost the global mobile health vehicle market. Moreover, increasing number of emergency cases is expected to fuel the market in coming years.
Cost-effective Services
Mobile health vehicles provide health services for the people at risk, enforce disease prevention, and improve access to chronic health management at reduced costs. The cost per patient visit for all mobile vehicle clinic service types ranges from USD 65 to USD 530 and it appears to be considerably less than those reported for fixed clinic services. Mobile health vehicles are effective in providing the same healthcare services provided in stationary healthcare facilities.
The expansion for the mobile health vehicles market is restrained by a limited patient catering capacity. Mobile clinics mostly accommodate a limited range of patients, tools, and therapeutic choices. Mobile clinics are unable to meet the needs for a sizable population.
Additionally, only a limited number of equipment and treatment choices are available at these clinics, and they are unable to handle a wide spectrum of medical conditions. In the coming years, these limitations are projected to limit the expansion of the global market.
Autonomous mobile clinics are self-driving vehicles with telemedicine capabilities, medical diagnostic equipment, and artificial intelligence (AI) software can carry out some of the duties of medical professionals, such as disease screening and fundamental diagnostics. Thus, vehicle advancements in mobile clinics are expected to create opportunities during the forecast period.
The report on the Global Mobile Health Vehicle Market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Report Title |
Mobile Health Vehicle Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2021 |
Historic Data |
2015–2020 |
Forecast Period |
2022–2030 |
Segmentation |
Product (Van, Truck, Car, and Others), Application (Mobile Clinics, Mobile Hospital Facilities, Mobile Blood Bank, Mobile Patient Ward Facilities, Mobile Pharmacy Facilities, Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
LDV, Matthews Specialty Vehicles, Magnum Mobile Speciality Vehicles, ADI Mobile Health, Mobile Healthcare Facilities LLC, Odulair LLC, Legacy Transportation Services, Craftsmen Industries, Inc, Toutenkamion Group, Medical Coachesheld, Mobile Specialty Vehicles, Neat Vehicles Ltd, Imagi-Motive |
Based on Product, the Mobile Health Vehicle market is segmented into Van, Truck, Car, and Others. The truck segment accounted for a significant market share during the forecast period. Mobile health truck is a widely used vehicle for providing various kinds of health services. Many trucks are customized for particular services, such as dentistry, ophthalmic care, surgery, or imaging.
A mobile clinic is built on a 30-foot truck chassis (the base frame of the truck) with two examination rooms, a reception room, and a bathroom. It has two-wheel or six-wheel drive, depending on whether it is driven on unpaved roads or to rural locations. Mobile health trucks have become reliable tools for health systems to cater to a large proportion of the population. These are major factors that are projected to boost the segment during the forecast period.
Based on application, the Mobile Health Vehicle market is categorized Mobile Clinics, Mobile Hospital Facilities, Mobile Blood Bank, Mobile Patient Ward Facilities, Mobile Pharmacy Facilities, Others. The mobile clinics segment is projected to hold a large market share.
Mobile clinics are engaged in the prevention, treatment, and management of chronic illnesses and these clinics are widely used across various regions. Mobile clinics provide return on investment through avoidance of emergency rooms, reduced length of stay in hospitals, and improved management of chronic diseases.
The market is divided into five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The market in North America is projected to expand at a significant CAGR during the forecast period. North America is estimated to maintain its dominance in the market during the forecast period, due to increasing demand for Mobile Health Vehicle from underdeveloped areas in the region.
Europe is expected to hold a substantial market share during the forecast period, owing to the increasing applications of mobile medical vehicles, such as ophthalmic services, dental treatment, and diagnosis.
The market in Asia Pacific is anticipated to expand at a high CAGR during the forecast period, due to the rising demand for mobile health vehicles in the healthcare industry. China, India, and Japan hold a significant share of the market in the region.
Key players in the Mobile Health Vehicle market include LDV, Matthews Specialty Vehicles, Magnum Mobile Speciality Vehicles, ADI Mobile Health, Mobile Healthcare Facilities LLC, Odulair LLC, Legacy Transportation Services, Craftsmen Industries, Inc, Toutenkamion Group, Medical Coachesheld, Mobile Specialty Vehicles, Neat Vehicles Ltd, Imagi-Motive.
Market players are pursuing key strategies such as acquisitions, collaborations, and geographic expansion, which is creating opportunities in the Mobile Health Vehicle market.
The base year considered for the Global Mobile Health Vehicle Market report is 2021. The complete analysis period is 2015 to 2030, wherein, 2015 and 2020 are the historic years, and the forecast is provided from 2022 to 2030.
In addition to market size (in US$ Million), the company market share (in % for the base year 2021), impact of key regulations, latest trends in treatment method, overview, product innovation in Mobile Health Vehicle market, long-term market trends & opportunities, and scale of new market entrants are provided.
Demand and supply of Mobile Health Vehicle were severely negatively affected during the pandemic, due to the scarcity of treatment processes.
Major manufacturers include LDV, Matthews Specialty Vehicles, Magnum Mobile, Speciality Vehicles, ADI Mobile Health, and Mobile Healthcare Facilities LLC.
Factors such as government regulations and R&D activities are expected to act as macroeconomic factors for the market.
According to this Growth Market Reports report, the Mobile Health Vehicle market size is anticipated to register a CAGR of 5.9% during the forecast period, 2022-2030, with an anticipated valuation of USD 365.8 Million by the end of 2030.
Rising Burden of Chronic Diseases and Emergency Cases and need for cost effective services are driving the Mobile Health Vehicle market.
Factors such as competitive strength and market positioning are key areas considered while selecting companies to be profiled.
Additional company profiles are provided on request.