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Home Health Hubs - Global Strategic Business Report

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    Report

  • 417 Pages
  • April 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805548

Global Home Health Hubs Market to Reach $7.9 Billion by 2030

The global market for Home Health Hubs estimated at US$1 Billion in the year 2023, is projected to reach a revised size of US$7.9 Billion by 2030, growing at a CAGR of 28.9% over the analysis period 2023-2030.

Standalone Hub, one of the segments analyzed in the report, is projected to record 27.2% CAGR and reach US$2.9 Billion by the end of the analysis period. Growth in the Mobile Hub segment is estimated at 31.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $535 Million, While China is Forecast to Grow at 33.9% CAGR

The Home Health Hubs market in the U.S. is estimated at US$535 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$849.2 Million by the year 2030 trailing a CAGR of 33.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.2% and 27.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 25.2% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

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 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (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
  • 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 (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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