Some of prominent players in Home Health Hub 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). Growth in the geriatric population and the subsequent increase in the prevalence of chronic diseases, shortage of healthcare professionals, and need to reduce healthcare costs are some of the major driving factors of the home health hub market.
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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.
Key Target Audience
- Original equipment manufacturers (OEMs)
- Home health hub-related service providers
- Remote patient monitoring related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists and start-ups
- Semiconductor component and raw material suppliers
- Home health hub distributors and sales firms
- Home health hub device end users
- Research institutes, organizations, and consulting companies
- Healthcare service providers
- Home health hub software and service providers
- Business research and consulting firms
Size of global home health hub market & estimate size of dependent submarkets.
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Various secondary sources such as directories, industry journals, databases like Bloomberg Business, Factiva, and Dun & Bradstreet; white papers; annual reports; company house documents; and SEC filings of companies have been used to identify and collect information useful for study of this market. Primary sources like experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market.
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Report analyzes various home health hubs and their adoption patterns. It aims at estimating market size and future growth potential of home health hubs market for different segments like product & service, type of patient monitoring, end user, & region.
Report also includes an in-depth competitive analysis of key players in market along with their company profiles, product offerings, recent developments, & key market strategies.
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%
Report analyzes home health gateway market by product & service, type of patient monitoring, end user, and region. On product and service, standalone hubs segment accounted for largest share of global home health hubs market.
Growing focus on reducing healthcare costs & shift of point-of-care diagnostics from hospital-based care to home care settings are major factors driving its adoption in market.
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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.
1 Home Health Gateway : Market Overview
2 Geographic Analysis: Home Health Gateway Market, By End User (2017)
3 Home Health Gateway Market: Regional Mix
4 Geographical Snapshot of the Home Health Hubs Market
Home health gateway market is classified high-acuity patient monitoring, moderate-acuity patient monitoring, and low-acuity patient monitoring. The high-acuity patient monitoring segment accounted for the largest share of home health hub market in 2017.
Large share can be attributed to the growing geriatric population and high prevalence of chronic diseases.
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