Market Overview:
The global home health hubs market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and growing demand for home health care services. The global home health hubs market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into high-acuity patient monitoring, moderate-acuity patient monitoring, and low-acuity patient monitoring. On the basis of application, the market is segmented into hospitals, healthcare payers, home care agencies,, nursing homes & assisted living facilities,. The North America region dominates this market followed by Europe and Asia Pacific regions respectively.
Product Definition:
A Home Health Hub (HHH) is a technology-enabled platform that facilitates care coordination and communication between patients, caregivers, and health care providers. The HHH connects disparate health information systems to improve patient care while reducing administrative costs. Importantly, the HHH also provides a common interface for patients and their families to access all of their clinical information regardless of where they received treatment. The use of Home Health Hubs can improve patient outcomes by facilitating better communication among clinicians, caregivers, and patients; improving medication adherence; providing timely discharge instructions; and identifying early warning signs of relapse or deterioration.
High-Acuity Patient Monitoring:
High-acuity patient monitoring is a category of medical services that requires highly skilled and specialized equipment, which is provided in hospitals. The growth factor for this market includes the growing geriatric population base, increasing prevalence of chronic diseases requiring continuous monitoring along with technological advancements such as internet-based systems providing remote access to healthcare professionals.
Moderate-Acuity Patient Monitoring:
Moderate-acuity patient monitoring is the process of continuous medical care for patients with greater acute illnesses and injuries, but who do not require constant high-level nursing services. The hub's model includes a range of services from basic screening and vital sign monitoring to providing medication management, wound care coordination, family counseling/mediation and other related services.
Application Insights:
Based on application, the global home health hubs market is segmented into hospitals, healthcare payers and home care agencies, and others. Hospitals held the largest share in 2017 owing to their ability to provide highly specialized services at a lower cost than other options such as private homes or clinics. Furthermore, they are also able to offer advanced technologies that help deliver better care for patients with less effort. Healthcare payers are anticipated to be one of the fastest-growing segments over the forecast period due to increasing demand for cost-effective treatment options across various regions of the world. Home care agencies are expected register significant growth over next six years due to rising awareness about chronic conditions and an aging population prone towards developing diseases requiring longterm medical attention.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, high awareness levels about home health care services and availability of highly advanced infrastructure. The region is expected to maintain its dominance throughout the forecast period owing to increasing demand for in-home healthcare services due to growing geriatric population and rising incidences of chronic conditions such as diabetes, cancer, arthritis & other autoimmune diseases among others.
Asia Pacific is anticipated to grow at a lucrative rate over the forecast period owing to factors such as improving healthcare facilities and reimbursement policies that encourage people with disabilities or chronically ill patients/family members choose home health care instead going into hospitals or clinics thus reducing overall cost burden on insurance companies & government agencies. Moreover, an increase in awareness regarding patient monitoring systems by using innovative technologies will drive growth further enabling people with disabilities or their families monitor their condition more efficiently thereby driving demand across this region over the next eight years (2018 - 2030).
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, reaching 1.6 billion by 2020. This will create a large pool of patients for home health care services, thereby driving the growth of the home health hubs market.
- Rising incidence of chronic diseases: The prevalence of chronic diseases such as heart disease, stroke, and diabetes is increasing rapidly across the world due to changing lifestyles and aging populations. This is leading to an increase in demand for home health care services, which will drive the growth of the home health hubs market during the forecast period.
- Government initiatives supporting home-based healthcare: Governments across various countries are promotinghome-based healthcare through various initiatives such as subsidies and tax benefits for patients opting forhome health care services over hospitalization or institutionalized care settings .This will spurthe growthofthehomehealthhubsmarketduringtheforecastperiod .
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Health Hubs Market Research Report
By Type
High-Acuity Patient Monitoring, Moderate-Acuity Patient Monitoring, Low-Acuity Patient Monitoring
By Application
Hospitals, Healthcare Payers, Home Care Agencies, Nursing Homes & Assisted Living Facilities
By Companies
Qualcomm, Lamprey Networks, Vivify Health, Ihealth Lab, AMC Health, Honeywell International, Ideal Life, Insung Information, MEDM, Onkol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Home Health Hubs Market Report Segments:
The global Home Health Hubs market is segmented on the basis of:
Types
High-Acuity Patient Monitoring, Moderate-Acuity Patient Monitoring, Low-Acuity Patient Monitoring
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Healthcare Payers, Home Care Agencies, Nursing Homes & Assisted Living Facilities
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Qualcomm
- Lamprey Networks
- Vivify Health
- Ihealth Lab
- AMC Health
- Honeywell International
- Ideal Life
- Insung Information
- MEDM
- Onkol
Highlights of The Home Health Hubs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High-Acuity Patient Monitoring
- Moderate-Acuity Patient Monitoring
- Low-Acuity Patient Monitoring
- By Application:
- Hospitals
- Healthcare Payers
- Home Care Agencies
- Nursing Homes & Assisted Living Facilities
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Health Hubs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Home health hubs are a type of community-based organization that provides home health services to people who cannot or do not want to leave their homes. Home health hubs can provide a variety of services, including personal care, medication management, and assistance with activities of daily living.
Some of the major companies in the home health hubs market are Qualcomm, Lamprey Networks, Vivify Health, Ihealth Lab, AMC Health, Honeywell International, Ideal Life, Insung Information, MEDM, Onkol.
The home health hubs market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Health Hubs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Home Health Hubs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Health Hubs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Home Health Hubs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Home Health Hubs Market Size & Forecast, 2018-2028
4.5.1 Home Health Hubs Market Size and Y-o-Y Growth
4.5.2 Home Health Hubs Market Absolute $ Opportunity
Chapter 5 Global Home Health Hubs Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Home Health Hubs Market Size Forecast by Type
5.2.1 High-Acuity Patient Monitoring
5.2.2 Moderate-Acuity Patient Monitoring
5.2.3 Low-Acuity Patient Monitoring
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Home Health Hubs Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Home Health Hubs Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Healthcare Payers
6.2.3 Home Care Agencies
6.2.4 Nursing Homes & Assisted Living Facilities
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Health Hubs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Home Health Hubs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Home Health Hubs Analysis and Forecast
9.1 Introduction
9.2 North America Home Health Hubs Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Home Health Hubs Market Size Forecast by Type
9.6.1 High-Acuity Patient Monitoring
9.6.2 Moderate-Acuity Patient Monitoring
9.6.3 Low-Acuity Patient Monitoring
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Home Health Hubs Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Healthcare Payers
9.10.3 Home Care Agencies
9.10.4 Nursing Homes & Assisted Living Facilities
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Home Health Hubs Analysis and Forecast
10.1 Introduction
10.2 Europe Home Health Hubs Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Home Health Hubs Market Size Forecast by Type
10.6.1 High-Acuity Patient Monitoring
10.6.2 Moderate-Acuity Patient Monitoring
10.6.3 Low-Acuity Patient Monitoring
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Home Health Hubs Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Healthcare Payers
10.10.3 Home Care Agencies
10.10.4 Nursing Homes & Assisted Living Facilities
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Home Health Hubs Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Home Health Hubs Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Home Health Hubs Market Size Forecast by Type
11.6.1 High-Acuity Patient Monitoring
11.6.2 Moderate-Acuity Patient Monitoring
11.6.3 Low-Acuity Patient Monitoring
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Home Health Hubs Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Healthcare Payers
11.10.3 Home Care Agencies
11.10.4 Nursing Homes & Assisted Living Facilities
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Home Health Hubs Analysis and Forecast
12.1 Introduction
12.2 Latin America Home Health Hubs Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Home Health Hubs Market Size Forecast by Type
12.6.1 High-Acuity Patient Monitoring
12.6.2 Moderate-Acuity Patient Monitoring
12.6.3 Low-Acuity Patient Monitoring
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Home Health Hubs Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Healthcare Payers
12.10.3 Home Care Agencies
12.10.4 Nursing Homes & Assisted Living Facilities
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Home Health Hubs Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Home Health Hubs Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Home Health Hubs Market Size Forecast by Type
13.6.1 High-Acuity Patient Monitoring
13.6.2 Moderate-Acuity Patient Monitoring
13.6.3 Low-Acuity Patient Monitoring
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Home Health Hubs Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Healthcare Payers
13.10.3 Home Care Agencies
13.10.4 Nursing Homes & Assisted Living Facilities
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Home Health Hubs Market: Competitive Dashboard
14.2 Global Home Health Hubs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Qualcomm
14.3.2 Lamprey Networks
14.3.3 Vivify Health
14.3.4 Ihealth Lab
14.3.5 AMC Health
14.3.6 Honeywell International
14.3.7 Ideal Life
14.3.8 Insung Information
14.3.9 MEDM
14.3.10 Onkol
