Smartphone-Based Hubs segment by product & service is expected to grow at a fast pace over the forecast period
According to The Insight Partners market research study of ‘Home Health Hub to 2027 – Global Analysis and Forecasts by Product & Service, Type of Patient Monitoring and End User.’ The global Home health hub market is anticipated to reach US$ 2,008.30 Mn in 2027 from US$ 188.73 Mn in 2018. The market is anticipated to grow with a CAGR of 30.1% from 2019-2027. The report provides trends prevailing in the global home health hub market and the factors driving market along with those that act as hindrances.
The global home health hub market, based on the product & service, is segmented into smartphone-based, standalone, and services. In 2018, the standalone segment held the largest market share of the home health hub market, by product & service. This segment is also projected to dominate the market in 2027 because it enables the patients to manage chronic conditions at preferred care settings by the patient. Additionally, product manufacturing is governed under government regulatory agencies to maintain the quality of products as it is, directly and indirectly, related to human health.
The market for home health hub is expected to grow, owing to factors such as the rising preference for home monitoring devices and better health outcomes and reduced costs. Moreover, the growing use of smartphones is likely to have a positive impact on the growth of the market in the coming years.
The leading companies operating in the Home health hub market include OnKöl, Insung Information Co, Ltd., Ideal Life Inc., iHealth Labs Inc., Honeywell International Inc., Vivify Health, Inc., Capsule Technologies Inc. (Qualcomm Life, Inc.), medium, Sensato Cybersecurity Solutions, and Cisco Systems, Inc., among others. The market has observed inorganic developments during recent years in the Home health hub market. For instance, in September 2019, Sensato Cybersecurity Solutions launched a cyber-security program for critical access and rural hospitals. This program provides the rural hospitals an integrated security platform to the hospitals in the rural regions, which covers servers, networks, medical devices, and related devices. This product has benefited the rural healthcare services provider to improve their services and prevent the data from theft/lost.
Global Home Health Hub Market, By Regions, 2018 (%) Home Health Hub Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product & Services (Smartphone-Based Hubs, Standalone Hubs, and Services), Type of Patient Monitoring (High-Acuity Patient Monitoring, Moderate-Acuity Patient Monitoring, and Low-Acuity Patient Monitoring), End User (Hospitals, Healthcare Payers and Home Care Agencies), and Geography
Home Health Hub Market Growth Report and Size by 2031
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The report segments the global Home health hub market as follows:
Global Home health hub Market – By Product & Service
- Standalone Hubs
- Smartphone-Based Hubs
- Services
Global Home health hub Market – By Type of Patients Monitoring
- High-Acuity Patient Monitoring
- Moderate-Acuity Patient Monitoring
- Low-Acuity Patient Monitoring
Global Home health hub Market – By End User
- Hospitals
- Healthcare Payers
- Home Care Agencies
Global Home Health Hub Market – By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- U.K
- Spain
- Italy
- Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Middle East & Africa (MEA)
- Saudi Arabia
- U.A.E
- South Africa
- South & Central America (SCAM)
- Brazil
- Argentina
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