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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