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Home Health Hubs - Global Strategic Business Report

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    Report

  • 417 Pages
  • December 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805548
The global market for Home Health Hubs is estimated at US$1.0 Billion in 2023 and is projected to reach US$7.9 Billion by 2030, growing at a CAGR of 33.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the home health hubs market is driven by several factors, including advancements in technology, increased consumer awareness, and changes in healthcare policies. Technological innovations, such as improved wireless connectivity, the proliferation of Internet of Things (IoT) devices, and enhanced data security measures, have made these hubs more reliable and user-friendly. Consumer behavior is also shifting, with more individuals seeking convenient and accessible healthcare solutions that allow them to manage their health from the comfort of their homes. Additionally, healthcare providers are increasingly recognizing the benefits of remote patient monitoring, leading to broader implementation and integration of Home Health Hubs into standard care practices. Government policies and incentives aimed at promoting telehealth and reducing healthcare costs are further accelerating market growth. Collaborations between technology companies and healthcare providers are fostering the development of more sophisticated and comprehensive home health solutions, ensuring that Home Health Hubs remain at the forefront of the healthcare revolution.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the High-Acuity Patient Monitoring segment, which is expected to reach US$5.0 Billion by 2030 with a CAGR of a 34.9%. The Medium-Acuity Patient Monitoring segment is also set to grow at 31.6% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $535.0 Million in 2023, and China, forecasted to grow at an impressive 39.6% CAGR to reach $849.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Home Health Hubs Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Home Health Hubs Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Home Health Hubs Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Cisco Systems, Inc., Abbott Laboratories, Inc., Honeywell International, Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 53 Featured):

  • Cisco Systems, Inc.
  • Abbott Laboratories, Inc.
  • Honeywell International, Inc.
  • Boston Scientific Corporation
  • GE Healthcare
  • Koninklijke Philips N.V.
  • Cambridge Consultants Ltd.
  • AMC Health
  • Connect America
  • Lamprey Networks
  • Encompass Health Corporation
  • Capsule Technologies, Inc.
  • Medisante Group AG
  • Apple Home Healthcare
  • BAYADA Home Health Care

Table of Contents

I. METHODOLOGYII. 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 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • GLOBAL MARKET OUTLOOK
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
  • AMC Health (USA)
  • Cambridge Consultants (UK)
  • Capsule Technologies, Inc. (USA)
  • Cisco Systems, Inc. (USA)
  • eDevice (France)
  • Encompass Health Corporation (USA)
  • Honeywell International Inc. (USA)
  • Ideal Life, Inc. (Canada)
  • Inhealthcare (UK)
  • Lamprey Networks (USA)
  • MedM, Inc. (USA)
  • MyVitalz™, LLC (USA)
  • Philips Healthcare (USA)
  • Resideo Life Care Solutions (USA)
  • Vivify Health, Inc. (USA)
3. 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
  • Number of Smart Homes Worldwide (In Million)
  • Home Health Hub: A Boon for Immobile Patients
  • Rising Population of Aged People and their Vulnerability to Chronic Diseases: Strong Business Case
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Expanding Middle Class Population Supports Growth in Developing Regions
  • Global Middle Class Population (in Millions) as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • 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
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Standalone Hub by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World 7-Year Perspective for Standalone Hub by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2024 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for Mobile Hub by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 4: World 7-Year Perspective for Mobile Hub by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World 7-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for High-Acuity Patient Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World 7-Year Perspective for High-Acuity Patient Monitoring by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2024 & 2030
  • Table 9: World Recent Past, Current & Future Analysis for Medium-Acuity Patient Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 10: World 7-Year Perspective for Medium-Acuity Patient Monitoring by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Low-Acuity Patient Monitoring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World 7-Year Perspective for Low-Acuity Patient Monitoring by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World 7-Year Perspective for Hospitals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2024 & 2030
  • Table 15: World Recent Past, Current & Future Analysis for Payers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 16: World 7-Year Perspective for Payers by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Home Care Agencies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World 7-Year Perspective for Home Care Agencies by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Nursing Homes & Assisted Living Facilities by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 20: World 7-Year Perspective for Nursing Homes & Assisted Living Facilities by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2024 & 2030
  • Table 21: World Home Health Hubs Market Analysis of Annual Sales in US$ Thousand for Years 2020 through 2030
  • Table 22: World Recent Past, Current & Future Analysis for Home Health Hubs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 23: World 7-Year Perspective for Home Health Hubs by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Active Players in United States
  • The United States: Major Market for Home Health Hub Solutions
CANADA
  • Active Players in Canada
JAPAN
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Active Players in Japan
CHINA
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Active Players in China
  • Rapidly Growing Market for Home Health Hub Solutions
EUROPE
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • High Growth Opportunities Identified in Europe
FRANCE
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • Active Players in France
GERMANY
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Active Players in Germany
ITALY
  • Active Players in Italy
UNITED KINGDOM
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Active Players in United Kingdom
SPAIN
  • Active Players in Spain
RUSSIA
  • Active Players in Russia
REST OF EUROPE
  • Active Players in Rest of Europe
ASIA-PACIFIC
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
  • Active Players in Australia
INDIA
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Active Players in India
SOUTH KOREA
  • Active Players in South Korea
REST OF ASIA-PACIFIC
  • Active Players in Rest of Asia-Pacific
LATIN AMERICA
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINA
  • Active Players in Argentina
BRAZIL
  • Active Players in Brazil
MEXICO
  • Active Players in Mexico
REST OF LATIN AMERICA
  • Active Players in Rest of Latin America
MIDDLE EAST
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRAN
  • Active Players in Iran
ISRAEL
  • Active Players in Israel
SAUDI ARABIA
  • Active Players in Saudi Arabia
UNITED ARAB EMIRATES
  • Active Players in United Arab Emirates
REST OF MIDDLE EAST
  • Active Players in Rest of Middle East
AFRICA
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
  • Active Players in Africa
IV. COMPETITION

Companies Mentioned

  • Cisco Systems, Inc.
  • Abbott Laboratories, Inc.
  • Honeywell International, Inc.
  • Boston Scientific Corporation
  • GE Healthcare
  • Koninklijke Philips N.V.
  • Cambridge Consultants Ltd.
  • AMC Health
  • Connect America
  • Lamprey Networks
  • Encompass Health Corporation
  • Capsule Technologies, Inc.
  • Medisante Group AG
  • Apple Home Healthcare
  • BAYADA Home Health Care

Table Information