According to Stratistics MRC, the Global Home Health Hub Market is accounted for $186.60 million in 2017 and is expected to reach $1863.50 million by 2026 growing at a CAGR of 29.2% during the forecast period. Factors favouring the market growth are increasing geriatric population, subsequent increase in the prevalence of chronic diseases, shortage of healthcare professionals and decreasing cost of healthcare. Furthermore, increased interest in health and wellness tracking, high demand for remote patient monitoring are some of the major opportunities for the growth of the market. However, lack of awareness and poor internet availability in underdeveloped and developing countries are hampering the market growth.
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Home health hubs, also called home health gateways, will be a growing part of the home health technology market. These devices and applications use wireless connectivity to aggregate information from disparate sources. These devices allow multiple connectivity options to obtain data from commercially available wired and wireless healthcare devices such as blood pressure monitors, pulse oximeters etc. It provides connectivity to take action with collected data by sharing it through a remote device with a display such as a tablet, PC or smartphone or through the cloud. Its primary goal is the need to reduce or contain healthcare costs while improving patient outcomes, increased interest in health and wellness tracking, and the emergence of a more connected consumer base.
Based on type of patient monitoring, high-acuity patient monitoring segment is projected to be the fastest growing segment due to rising demand in aging population, high increase rate in frequency of chronic diseases like kidney failures, heart failures and lung diseases. By end user, home care agencies segment is expected to dominate the market owing to increasing dependency of patients on telehealth solutions, such as remote monitoring via phones and the internet to manage their health conditions, rising government’s initiatives to support home healthcare agencies.
By geography, the North America is considered as the largest market in global home health hub market during the forecast period due to increase in advanced technologies, prevalence of chronic and lifestyle diseases, growing healthcare costs, lack of physicians, and high demand in adopting better healthcare services., whereas Asia Pacific stood as the fastest market in this region, factors such as owing to the growth of per capita income, and increase in usage of smartphones.
Some of the key players in home health hub market include OnKöl, AMC Health, Hicare (Subsidiary of Insung Information Co. Ltd), Honeywell International, IDEAL LIFE Inc., iHealth Lab, Lamprey Networks, MedM Inc., Qualcomm Incorporated, Vivify Health, Inc.
Product & Services Covered:
Standalone Hubs
Smart Phone Hubs
Services
Types of Patient Monitoring Covered:
Low-Acuity Patient Monitoring
Moderate-Acuity Patient Monitoring
High-Acuity Patient Monitoring
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End Users Covered:
Nursing Homes & Assisted Living Facilities
Hospitals
Home Care Agencies
Healthcare Payers
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Major Points of TOC:
Executive Summary
Preface
Market Trend Analysis
Porters Five Force Analysis
Global Home Health Hub Market, By Product & Service
Global Home Health Hub Market, By Type of Patient Monitoring
Global Home Health Hub Market, By End User
Global Home Health Hub Market, By Geography
Key Developments
Company Profiling
List of tables:
1 Global Home Health Hub Market Outlook, By Region (2016-2026)
2 Global Home Health Hub Market Outlook, By Product & Service (2016-2026)
3 Global Home Health Hub Market Outlook, By Standalone Hubs (2016-2026)
4 Global Home Health Hub Market Outlook, By Smartphone-Based Hubs (2016-2026)
5 Global Home Health Hub Market Outlook, By Services (2016-2026)
6 Global Home Health Hub Market Outlook, By Support & Maintenance Services (2016-2026)
7 Global Home Health Hub Market Outlook, By Remote Patient Monitoring Services (2016-2026)
8 Global Home Health Hub Market Outlook, By Type of Patient Monitoring (2016-2026)
9 Global Home Health Hub Market Outlook, By Low-Acuity Patient Monitoring (2016-2026)
10 Global Home Health Hub Market Outlook, By Moderate-Acuity Patient Monitoring (2016-2026)
11 Global Home Health Hub Market Outlook, By High-Acuity Patient Monitoring (2016-2026)
12 Global Home Health Hub Market Outlook, By End User (2016-2026)
13 Global Home Health Hub Market Outlook, By Nursing Homes & Assisted Living Facilities (2016-2026)
14 Global Home Health Hub Market Outlook, By Hospitals (2016-2026)
15 Global Home Health Hub Market Outlook, By Home Care Agencies (2016-2026)
16 Global Home Health Hub Market Outlook, By Healthcare Payers (2016-2026)
17 North America Home Health Hub Market Outlook, By Country (2016-2026)
18 North America Home Health Hub Market Outlook, By Product & Service (2016-2026)
19 North America Home Health Hub Market Outlook, By Standalone Hubs (2016-2026)
20 North America Home Health Hub Market Outlook, By Smartphone-Based Hubs (2016-2026)
21 North America Home Health Hub Market Outlook, By Services (2016-2026)
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