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Home Health Hub Market

Home Health Hub Market Size, Share & Segment by Product & Service (Standalone Hubs, Smartphone-based hubs, Services), By Type of Patient Monitoring (High-acuity Patient Monitoring, Moderate-acuity Patient Monitoring, Low-acuity Patient Monitoring), By End User (Hospitals, Healthcare Payers, Home Care Agencies, Nursing Homes & Assisted Living Facilities), by Regions and Global Forecast 2022-2028

Report Id: SNS/HC/2370 | July 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Home Health Hub Market Size was valued at USD 473.6 million in 2021, and expected to reach USD 3220.6 million by 2028, and grow at a CAGR of 31.5% over the forecast period 2022-2028.

Home health hub market make up the largest portion of the market. Information from various sources is gathered by these devices through wireless networking. In order to collect data from wired and wireless healthcare equipment that are commercially accessible, such as pulse oximeters and blood pressure monitors, the devices support a variety of connecting options. Additionally, they offer connectivity so that users can share the data with a remote device with a display, including a laptop, tablet, or smartphone, or through the cloud, in order to take action with the information that has been collected. While enhancing patient outcomes, its main objective is to lower healthcare expenditures.

Home Health Hub Market

MARKET DYNAMICS

DRIVERS

  • Expanding Geriatric Population and Associated Rise in Chronic Disease Prevalence

  • Medical Cost Reduction is Required

  • Medical Professionals in Short Supply

RESTRAINTS

  • Security and Privacy Issues

  • Payment Problems in the US

OPPORTUNITIES

  • Expanding Market for Remote Patient Monitoring

  • Growing Interest in Health and Wellness Tracking

CHALLENGES

  • In underdeveloped and developing nations, there is a lack of internet access.

  • Unavailability and lack of knowledge

IMPACT OF COVID-19

Hospitals and health care systems that were overcrowded and overworked had some difficulties due to the COVID-19 epidemic. While reducing the stress on hospitals, emergency rooms, and key health workers in times of violence, home health center technology has helped patients stay safe in their homes, having a positive impact on the market. Since the onset of the Covid-19 epidemic, home care has been urgently needed to alleviate overcrowding in hospitals and to allow patients with chronic illness or malnourished Covid-19 to be cared for and cared for at home, according to a study entitled. The Lancet Regional Health article "The Impact of COVID-19 on Home Health Services, Caregivers, and Patients: Lessons from the French Experience" Therefore, COVID-19 meaningfully affects the home medical care area.

By Product & Service

Mobile-based hubs, standalone hubs, and services make up the three segments of the global home health hub market. Smartphone-Based Hubs are a thriving market segment that currently holds the biggest market share in the industry due to the rise in the use of digital platform smartphones.

By Type of Patient Monitoring

Three segments of high-, moderate-, and low-acuity patient monitoring were identified in the global home health hub market. Due to its equity nurses and competent, rapid, and professional service, the high equity patient monitoring category is currently the market leader in terms of market share and revenue. In contrast, there is little demand for patient monitoring services with a moderate or low level of acuity.

By End User

Hospitals, nursing homes and assisted living facilities, home-based care centers, and health care providers cover four quarters of the global health hub market. As another comforting way to stay home, home care organizations with a large market share in the sector provide care. Market expansion is expected to be supported during the forecast period by introducing lucrative home care insurance agencies.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: AMC Health, Honeywell, IDEAL LIFE, MedM, iHealth Lab, Hicare, Lamprey Networks, OnKöl, Qualcomm, Vivify.

MARKET SEGMENTS:

By Product & Service

  • Standalone Hubs

  • Smartphone-based hubs

  • Services

By Type of Patient Monitoring

  • High-acuity Patient Monitoring

  • Moderate-acuity Patient Monitoring

  • Low-acuity Patient Monitoring

By End User

  • Hospitals

  • Healthcare Payers

  • Home Care Agencies

  • Nursing Homes & Assisted Living Facilities

Home Health Hub Market

REGIONAL ANALYSIS

North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa comprise the segments of the global market for home health hubs. The home health hub industry was dominated by North America, with Europe coming in second. The high adoption of cutting-edge technology, the prevalence of chronic and lifestyle diseases, rising healthcare expenses, the physician shortage, and the rising demand for better healthcare services are just a few of the reasons why North America holds such a sizable portion of the worldwide market.

REGIONAL COVERAGE

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Home Health Hub Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 473.6 Million
Market Size by 2028 US$ 3220.6 Million
CAGR CAGR of 31.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product & Service (Standalone Hubs, Smartphone-based hubs, Services)
• By Type of Patient Monitoring (High-acuity Patient Monitoring, Moderate-acuity Patient Monitoring, Low-acuity Patient Monitoring)
• By End User (Hospitals, Healthcare Payers, Home Care Agencies, Nursing Homes & Assisted Living Facilities)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles AMC Health, Honeywell, IDEAL LIFE, MedM, iHealth Lab, Hicare, Lamprey Networks, OnKöl, Qualcomm, Vivify.
DRIVERS • Expanding Geriatric Population and Associated Rise in Chronic Disease Prevalence
• Medical Cost Reduction is Required
• Medical Professionals in Short Supply
RESTRAINTS • Security and Privacy Issues
• Payment Problems in the US


Frequently Asked Questions (FAQ) :

Home Health Hub Market Size was valued at USD 473.6 million in 2021, and expected to reach USD 3220.6 million by 2028, and grow at a CAGR of 31.5% over the forecast period.

Expanding Market for Remote Patient Monitoring, and Growing Interest in Health and Wellness Tracking are the opportunities of the Home Health Hub market.

 The market is divided in three segments By Product & Service, By Type of Patient Monitoring, and By End User.

COVID-19 has positive impact on the Home Health Hub Market.

Manufacturer and service provider, research institutes, university and private libraries, suppliers and distributers. 


Table of Content:

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Home Health Hub Market Segmentation, By Product & Service

8.1 Standalone Hubs

8.2 Smartphone-based hubs

8.3Services

 

9. Home Health Hub Market Segmentation, By Type of Patient Monitoring

9.1 High-acuity Patient Monitoring

9.2 Moderate-acuity Patient Monitoring

9.3 Low-acuity Patient Monitoring

 

10. Home Health Hub Market Segmentation, By End User

10.1 Hospitals

10.2 Healthcare Payers

10.3 Home Care Agencies

10.4 Nursing Homes & Assisted Living Facilities

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12.Company Profiles

12.1 AMC Health

              12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Honeywell

12.3 IDEA

12.4 LIFE

12.5 MedM

12.6 iHealth Lab

12.7 Hicare

12.8 Lamprey Networks

12.9 OnKöl

12.10 Qualcomm

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14.Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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