Home Health Hubs Global Strategic Business Report 2024: Increased Emphasis on Remote Patient Monitoring Creates Fertile Environment for Growth of Home Health Hub Market
Saturday, March 30, 2024
DUBLIN, March 29, 2024 /PRNewswire/ -- The "Home Health Hubs - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
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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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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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