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Home Health Hub Market by Product & Service (Standalone Hub, Mobile Hub, Remote Patient Monitoring Service), Type of Patient Monitoring (High, Moderate, and Low Acuity), End User (Hospital, Payers, Home Care Agency) - Global Forecast to 2023


Product Code : MNMHC00109764
Survey : MarketsandMarkets
Publish On : 20, May, 2022
Category : Healthcare and Pharmaceuticals
Study Area : Global
Report format : PDF
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[Report Description]

“The global home health hubs market projected to grow at a CAGR of 31.2%.”
The home health hubs market is expected to reach USD 848.2 million by 2023 from USD 218.5 million in 2018, at a CAGR of 31.2%.
Factors such as the rising geriatric population and the subsequent increase in the prevalence of chronic diseases, growing need to reduce healthcare costs while improving patient outcomes, and shortage of healthcare professionals are driving the growth of the home health hubs market. However, the security and privacy concerns associated with these devices are expected to restrain the growth of this market to a certain extent.
“The smartphone-based hubs segment is expected to register the highest CAGR during the forecast period.”
On the basis of product and service, the home health hubs market is segmented into standalone hubs, smartphone-based hubs, and home health hub services. The smartphone-based hubs segment is expected to register the highest CAGR during the forecast period. The rapid growth in the smartphone industry, increasing utilization of mobile platforms to improve the accessibility to patient information, rising awareness about smartphone-based health applications, and the growing adoption of smartphone-enabled home health hubs are the major factors driving the growth of this segment.
“The home care agencies segment is expected to grow at the highest CAGR from 2018 to 2023.”
Based on end user, the home health hubs market is segmented into hospitals, healthcare payers, home care agencies, and nursing homes & assisted living facilities. The home care agencies segment is expected to register the highest CAGR during the forecast period. The high growth in this segment is primarily attributed to the increasing reliance of patients on telehealth solutions, such as remote monitoring via phones and the Internet to manage their health conditions. Governments in a number of countries are implementing various initiatives to promote home healthcare, which is also expected to further drive the growth of home care agencies segment in the coming years.
“Asia Pacific is projected to witness the highest growth during the forecast period.”
North America held the largest share of the global home health hubs market in 2017. On the other hand, The Asia Pacific market is expected to grow at the highest rate owing to the growing per capita income, increasing health awareness, growing demand for remote patient monitoring and better healthcare services, and increasing penetration of smartphones in several APAC countries.
Break of primary participants was as mentioned below:
• By Company Type – Tier 1–21%, Tier 2–45% and Tier 3–34%
• By Designation – C-level–39%, Director Level–32%, Others–29%
• By Region – North America–47%, Europe–29%, Asia Pacific–14%, Rest of the World–10%
Prominent players in this market are Qualcomm (US), Honeywell (US), Vivify (US), Lamprey Networks (US), AMC Health (US), iHealth Lab (US), IDEAL LIFE (US), Hicare (US), MedM (US), and OnKöl (US).
Research Coverage:
The report analyzes the various home health hubs and their adoption patterns. It aims at estimating the market size and future growth potential of the global home health hubs market for different segments such as product and service, type of patient monitoring, end user, and region. The report also includes an in-depth competitive analysis of key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening the market, which in turn could help them garner a greater market share.
This report provides insights on the following pointers:
 Market Penetration: Comprehensive information on product portfolios offered by the top players in the global home health hubs market. The report analyzes the global home health hubs market by product and service, type of patient monitoring, end user, and region.
 Product Development/Innovation: Detailed insights on upcoming trends and product launches in the global home health hubs market
 Market Development: Comprehensive information on the lucrative emerging regions by product and service
 Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global home health hubs market
 Competitive Assessment: In-depth assessment of market shares, growth strategies, and products of leading players in the global home heath hubs market

TABLE OF CONTENTS

1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 MARKET SCOPE 13
1.3.1 MARKETS COVERED 13
1.3.2 YEARS CONSIDERED FOR THE STUDY 13
1.4 LIMITATIONS 14
1.5 CURRENCY 14
1.6 STAKEHOLDERS 14
2 RESEARCH METHODOLOGY 15
2.1 RESEARCH APPROACH 15
2.1.1 SECONDARY DATA 16
2.1.1.1 Key data from secondary research 16
2.1.2 PRIMARY DATA 17
2.1.2.1 Breakdown of primaries 17
2.1.2.2 Key data from primary research 18
2.1.2.3 Key industry insights 18
2.2 MARKET SIZE ESTIMATION 19
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 21
2.4 ASSUMPTIONS FOR THE STUDY 22
3 EXECUTIVE SUMMARY 23
4 PREMIUM INSIGHTS 27
4.1 HOME HEALTH HUBS: MARKET OVERVIEW 27
4.2 GEOGRAPHIC ANALYSIS: HOME HEALTH HUBS MARKET, BY END USER (2017) 28
4.3 HOME HEALTH HUBS MARKET: REGIONAL MIX 29
4.4 GEOGRAPHICAL SNAPSHOT OF THE HOME HEALTH HUBS MARKET 30
5 MARKET OVERVIEW 31
5.1 INTRODUCTION 31
5.2 MARKET DYNAMICS 31
5.2.1 DRIVERS 32
5.2.1.1 Growth in the geriatric population and the subsequent increase in the prevalence of chronic diseases 32
5.2.1.2 Need to reduce healthcare costs 33
5.2.1.3 Shortage of healthcare professionals 33

5.2.2 RESTRAINTS 34
5.2.2.1 Security & privacy concerns 34
5.2.2.2 Reimbursement issues in the US 34
5.2.3 OPPORTUNITIES 35
5.2.3.1 Growing remote patient monitoring market 35
5.2.3.2 Increased interest in health and wellness tracking 35
5.2.4 CHALLENGES 36
5.2.4.1 Poor internet availability in underdeveloped and developing countries 36
5.2.4.2 Lack of awareness & availability 36
6 INDUSTRY INSIGHTS 37
6.1 REIMBURSEMENT SCENARIO IN THE US 37
6.2 TELEHEALTH-BASED CLINICAL TRIALS USING HOME HEALTH HUBS 37
6.3 CASE STUDIES: HOME HEALTH HUB 38
6.3.1 THE CHRISTUS HEALTH CARE TRANSITION PROGRAM 38
6.3.2 HOUSE CALLS TELEHEALTH PROGRAM 38
6.3.3 HEALTH SYSTEM WITH A PERSONAL TOUCH PROGRAM 39
7 HOME HEALTH HUBS MARKET, BY PRODUCT & SERVICE 40
7.1 INTRODUCTION 41
7.2 STANDALONE HUBS 43
7.3 SMARTPHONE-BASED HUBS 44
7.4 SERVICES 46
7.4.1 REMOTE PATIENT MONITORING SERVICES 47
7.4.2 SUPPORT & MAINTENANCE SERVICES 48
8 HOME HEALTH HUBS MARKET, BY TYPE OF PATIENT MONITORING 50
8.1 INTRODUCTION 51
8.2 HIGH-ACUITY PATIENT MONITORING 52
8.3 MODERATE-ACUITY PATIENT MONITORING 53
8.4 LOW-ACUITY PATIENT MONITORING 54
9 HOME HEALTH HUBS MARKET, BY END USER 55
9.1 INTRODUCTION 56
9.2 HOSPITALS 57
9.3 HEALTHCARE PAYERS 58
9.4 HOME CARE AGENCIES 59
9.5 NURSING HOMES & ASSISTED LIVING FACILITIES 60

10 HOME HEALTH HUBS MARKET, BY REGION 61
10.1 INTRODUCTION 62
10.2 NORTH AMERICA 64
10.2.1 US 67
10.2.2 CANADA 70
10.3 EUROPE 72
10.3.1 UK 75
10.3.2 GERMANY 77
10.3.3 REST OF EUROPE (ROE) 80
10.4 ASIA PACIFIC 82
10.5 LATIN AMERICA 86
10.6 MIDDLE EAST & AFRICA 88
11 COMPETITIVE LANDSCAPE 90
11.1 OVERVIEW 90
11.2 MARKET RANKING ANALYSIS, 2017 91
11.3 COMPETITIVE SCENARIO 93
11.3.1 AGREEMENTS, COLLABORATIONS & PARTNERSHIPS 93
11.3.2 PRODUCT LAUNCHES AND ENHANCEMENTS 94
11.3.3 ACQUISITIONS 94
12 COMPANY PROFILES 95
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
12.1 QUALCOMM INCORPORATED 95
12.2 LAMPREY NETWORKS 98
12.3 VIVIFY HEALTH, INC. 100
12.4 IHEALTH LAB 102
12.5 AMC HEALTH 104
12.6 HONEYWELL INTERNATIONAL 106
12.7 IDEAL LIFE INC. 108
12.8 HICARE (SUBSIDIARY OF INSUNG INFORMATION CO. LTD) 109
12.9 MEDM INC 110
12.10 ONKÖL 111

*Details on MarketsandMarkets view, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments might not be captured in case of unlisted companies.

13 APPENDIX 112
13.1 INSIGHTS OF INDUSTRY EXPERTS 112
13.2 DISCUSSION GUIDE 113
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 116
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 118
13.5 AVAILABLE CUSTOMIZATIONS 120
13.6 RELATED REPORTS 121
13.7 AUTHOR DETAILS 122

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