Home Health Hubs Global Strategic Business Report 2024: Increased Emphasis on Remote Patient Monitoring Creates Fertile Environment for Growth of Home Health Hub Market

DUBLIN, March 29, 2024 /PRNewswire/ -- The "Home Health Hubs - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Home Health Hubs estimated at US$1 Billion in the year 2023, is projected to reach a revised size of US$7.9 Billion by 2030, growing at a CAGR of 28.9% over the analysis period 2023-2030.

Standalone Hubs, one of the segments analyzed in the report, is projected to record 27.2% CAGR and reach US$2.9 Billion by the end of the analysis period. Growth in the Mobile Hub segment is estimated at 31.9% CAGR for the next 8-year period.

The Home Health Hubs market in the U.S. is estimated at US$535 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$849.2 Million by the year 2030 trailing a CAGR of 33.9% over the analysis period 2023 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.2% and 27.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 25.2% CAGR.

Market Trends & Drivers

• Home Health Hubs and Smart Homes Facilitate Continued Care Co-ordination between Primary Healthcare Systems and ACSs
• Increased Emphasis on Remote Patient Monitoring Creates Fertile Environment for Growth of Home Health Hub Market
• Rise of Healthcare IOT Further Augments Remote Patient Monitoring
• Remote Patient Monitoring Seeks Role in Healthcare Big Data Programs
• Patient Non-Adherence to Prescribed Medication Promotes Market Growth
• Shortage of Healthcare Professionals & Need to Reduce Healthcare Costs Puts Spotlight on Home Health Hubs
• Rapidly Evolving Role of Home Telehealth Instigates Broad-based Opportunities
• Advent of Sophisticated Healthcare IT Tools Pave Wavy for Wider Use
• Growing Lenience towards Value-Based, Patient-Centric Care and Outcomes Augurs Well
• High Tech Sensors & Wearable Med Tech Innovations Amplify Capabilities of Home Health Hub
• Focus on Reducing Hospital Readmissions Provides Impetus to Home Health Hub Solutions
• Smart Homes as Portals for Healthcare Delivery Help Expand the Addressable Opportunity for Home Health Hub Products & Services
• Home Health Hub: A Boon for Immobile Patients
• Rising Population of Aged People and their Vulnerability to Chronic Diseases: Strong Business Case
• Expanding Middle Class Population Supports Growth in Developing Regions
• Internet Connectivity and Expanding Penetration Rate Influences Demand for Home Health Hubs
• Issues & Challenges
• Security & Privacy Concerns
• Lack of Awareness & Availability
• Reimbursement Issues in the US

The report covers 53 key competitors in the industry. A selection of featured companies include:

• Cisco Systems
• Abbott Laboratories
• Honeywell International
• Boston Scientific
• GE Healthcare
• Koninklijke Philips
• Cambridge Consultants
• AMC Health
• Connect America
• Lamprey Networks
• Encompass Health Corporation
• Capsule Technologies
• Medisante Group
• Apple Home Healthcare
• BAYADA Home Health Care

Key Report Features

• Full access to influencer engagement stats
• Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
• Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
• Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
• Complimentary report updates for one year
• Competitor coverage with global market shares of major players
• Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
• Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• An Introduction to Home Health Hub
• Home Health Hub: Current Market Scenario and Outlook
• While Developed Regions Remain Primary Revenue Contributors, Developing Regions Emerge as Hot Spots for Future Growth
• World Home Health Hub Market: Percentage Breakdown of Revenues for Developed and Developing Regions for the Years 2021 & 2027
• World Home Health Hub Market - Geographic Regions Ranked by CAGR (Revenues) for 2020-2027: China, Asia-Pacific, USA, Latin America, Canada, Middle East, Africa, Europe, and Japan
• Standalone Hubs Constitutes the Largest Product Segment
• Global Home Health Hub Market Share Breakdown by Product & Service: 2021 Vs. 2027
• Bright Prospects Ahead for Mobile Hubs
• High-Acuity Patient Monitoring Steers Home Health Hub Deployments
• Hospitals: Largest End-Use Market
• Home Health Hubs - Global Key Competitors Percentage Market Share in 2023 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
• GLOBAL MARKET OUTLOOK
• Healthcare Hubs in the Post-Covid Era
• Shifting Care into Homes Results in Better Symptom Improvement for COVID-19 Patients
• Coronavirus Pandemic Poses Challenges for Home Healthcare Workers
• Telehealth Holds Potential to Offer Significant Benefits
• Teleworking Spurs Home Fitness Trend
• Recent Market Activity
• Recent Initiatives in the Home Health Hub Market Space
• 2021: Google Adds Sleep Tracking Feature to Nest Hub
• 2020: Elsevier Introduces Covid-19 Healthcare Hub
• Omcare Launches Home Health Hub
• The Durham College AI Hub Partners with iCare Home Health for Advancing Home Care
• 2021: Home Health Hub of CVS Health

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

• United States
• Canada
• Japan
• China
• Europe
• France
• Germany
• Italy
• United Kingdom
• Spain
• Russia
• Rest of Europe
• Asia-Pacific
• Australia
• India
• South Korea
• Rest of Asia-Pacific
• Latin America
• Argentina
• Brazil
• Mexico
• Rest of Latin America
• Middle East
• Iran
• Israel
• Saudi Arabia
• United Arab Emirates
• Rest of Middle East
• Africa

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/96j1ef

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