Get more information on Home Health Hub Market - Request Sample Report
The Home Health Hub Market size was valued at USD 0.84 billion in 2023, and is expected to reach USD 9.74 billion by 2032, growing at a CAGR of 31.3% over the forecast period 2024-2032.
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.
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
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.
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
Home Care Agencies
Nursing Homes & Assisted Living Facilities
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.
Need any customization research on Home Health Hub Market - Enquiry Now
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
Some of the major key players are AMC Health, Honeywell, IDEAL LIFE, MedM, iHealth Lab, Hicare, Lamprey Networks, OnKöl, Qualcomm, Vivify and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 0.84 Billion |
| Market Size by 2032 | US$ 9.74 Billion |
| CAGR | CAGR of 31.3% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| 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 |
Ans: The Home Health Hub market size was valued at US$ 0.84 Billion in 2023.
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.
Ans: The Home Health Hub market is growing at a CAGR of 31.3% over the forecast period 2024-2032.
Table of Contents
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- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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.
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.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Medical Image Analysis Software Market Size was valued at USD 3.26 billion in 2023 and is expected to reach USD 6.46 billion by 2032 and grow at a CAGR of 7.9% over the forecast period 2024-2032.
The Generative AI in Healthcare Market size was valued at US$ 1.7 Bn in 2023 and is estimated to US$ 19.99 Bn by 2032 with a growing CAGR of 31.5% Over the Forecast Period of 2024-2032.
The Microbiome Therapeutics Market size was valued at USD 132.94 million in 2023 and is expected to reach at USD 1979.94 million by 2031, and grow at a CAGR of 40.16% over the forecast period of 2024-2031.
The Echocardiography Market was estimated at US$ 2.01 billion in 2023 and is expected to reach US$ 3.54 billion by 2031 and is anticipated to increase at a CAGR of 7.21% predicted for the forecast period of 2024-2031.
The Cryoablation Devices Market size will reach $1295.34 Mn by 2032, was valued at $489.53 Mn in 2023 & growing at a CAGR of 10.26% over 2024-2032.
The Veterinary Vaccine Adjuvants Market size was valued at USD 9.18 billion in 2023 and is estimated to reach USD 15.24 billion by 2032 with a growing CAGR of 5.8% from 2024 to 2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
