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Home Health Hubs - Global Market Trajectory & Analytics

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    Report

  • 417 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805548

Global Home Health Hubs Market to Reach $3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Home Health Hubs estimated at US$357.4 Million in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at a CAGR of 35.8% over the analysis period 2020-2027. Standalone Hub, one of the segments analyzed in the report, is projected to record a 33.9% CAGR and reach US$1.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Mobile Hub segment is readjusted to a revised 39.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $176.7 Million, While China is Forecast to Grow at 42.8% CAGR

The Home Health Hubs market in the U.S. is estimated at US$176.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$285.9 Million by the year 2027 trailing a CAGR of 42.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 30.3% and 34.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 31.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$212.4 Million by the year 2027.

Services Segment to Record 35.4% CAGR

In the global Services segment, USA, Canada, Japan, China and Europe will drive the 35.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$107.8 Million in the year 2020 will reach a projected size of US$914 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 30.7% CAGR through the analysis period.

Select Competitors (Total 53 Featured) -

  • AMC Health
  • Cambridge Consultants
  • Cisco Systems, Inc.
  • eDevice
  • Encompass Health Corporation
  • Inhealthcare
  • Lamprey Networks
  • MedM, Inc.
  • MyVitalz™, LLC
  • Philips Healthcare
  • Resideo Life Care Solutions

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • An Introduction to Home Health Hub
  • Impact of Covid-19 and a Looming Global Recession
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
  • How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: exhibiGlobal Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • How the Healthcare Industry Has & Continues to be Impacted by the Pandemic & What's the New Normal?
  • With the COVID-19 Pandemic Exposing Global Healthcare Unpreparedness, There is Increasing Policy Led Focus on Rebooting Health Systems Worldwide: Current & Required Healthcare Spending as % of GDP
  • The Pandemic Triggers Shift in Consumer Behaviour & Engagement With Healthcare Technologies & Services
  • Healthcare Industry Pushed to Adopt Digital Technologies & Innovate to Save Lives Amid the Crisis
  • Digital Health Technologies Poised to Break New Grounds Post Pandemic: Global Opportunity in Digital Health (In US$ Billion) for Years 2020, 2022, 2024 and 2026
  • Homes Become Wellness Centres
  • Impact of COVID-19 on Home Health Hub
  • Shift Driven by New Care Settings
  • Shift Driven by Advanced Technology
  • Shift to Evolve New Hospital Settings
  • The Journey from Smart Home to Home Health Hub
  • Smart Displays for Tracking Sleep
  • 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
  • Wearable & Mobile Home Health App Downloads by Region: Percentage Share Breakdown for 2021
  • Exhibit 5:Smartphone Penetration (as a Proportion of Total Population) by Select Countries for the Year 2020
  • High-Acuity Patient Monitoring Steers Home Health Hub Deployments
  • Hospitals: Largest End-Use Market
  • Home Health Hubs - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • GLOBAL MARKET OUTLOOK
  • Healthcare Hubs in the Post-Covid Era
  • Shifting Care into Homes Results in Better Symptom Improvement for COVID-19 Patients
  • Coronavirus Pandemic Poses Challenges for Home Healthcare Workers
  • Telehealth Holds Potential to Offer Significant Benefits
  • Teleworking Spurs Home Fitness Trend
  • Recent Market Activity
  • Recent Initiatives in the Home Health Hub Market Space
  • 2021: Google Adds Sleep Tracking Feature to Nest Hub
  • 2020: Elsevier Introduces Covid-19 Healthcare Hub
  • Omcare® Launches Home Health Hub
  • The Durham College AI Hub Partners with iCare Home Health for Advancing Home Care
  • 2021: Home Health Hub of CVS Health
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 (2020)
  • 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
  • World IoT Market: Number of Connected Devices (in Million) for Years 2018, 2020 and 2022
  • 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
  • Rapid Increase in Penetration Rate of Internet: 2018 Vs 2009
  • 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 2020 through 2027 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 2021 & 2027
  • 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 2020 through 2027 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 2021 & 2027
  • 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 2020 through 2027 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 2021 & 2027
  • 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 2020 through 2027 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 2021 & 2027
  • 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 2020 through 2027 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 2021 & 2027
  • 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 2020 through 2027 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 2021 & 2027
  • 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 2020 through 2027 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 2021 & 2027
  • 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 2020 through 2027 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 2021 & 2027
  • 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 2020 through 2027 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 2021 & 2027
  • 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 2020 through 2027 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 2021 & 2027
  • Table 21: 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 2020 through 2027 and % CAGR
  • Table 22: 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 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (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 2022 (E)
  • Active Players in Japan
CHINA
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (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 2022 (E)
  • High Growth Opportunities Identified in Europe
FRANCE
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
  • Active Players in France
GERMANY
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (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 2022 (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 2022 (E)
AUSTRALIA
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
  • Active Players in Australia
INDIA
  • Home Health Hubs Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (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 2022 (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 2022 (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 2022 (E)
  • Active Players in Africa
IV. COMPETITION
  • Total Companies Profiled: 53

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AMC Health
  • Cambridge Consultants
  • Cisco Systems, Inc.
  • eDevice
  • Encompass Health Corporation
  • Inhealthcare
  • Lamprey Networks
  • MedM, Inc.
  • MyVitalz™, LLC
  • Philips Healthcare
  • Resideo Life Care Solutions