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Global Home Health Hub Market Witnessing Significant Growth 2018 To 2025 by Top Players as iHealth Lab, IDEAL LIFE, Hicare, MedM and More

06-29-2018 04:51 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Forecasts

Home Health Hub Market

Home Health Hub Market

The Home Health Hub Market has been witnessing significant growth over the past few years owing to increasing health awareness, growing demand for remote patient monitoring solutions and better healthcare services. In addition, increasing penetration of smart devices in various emerging countries is expected to bolster the market growth in the coming years. Furthermore, increasing interest of key players in the development of advanced devices is expected to offer significant growth opportunities during next few years. However, lack of much consumer and broader healthcare industry awareness of home health hubs and about the value that these devices and applications can provide is expected to restraint the market growth during the forecast period 2018 To 2025.

The High-Acuity Patient Monitoring Segment accounted for the largest share of the home health hubs market in 2017. By type of patient monitoring, the home health hubs market is segmented into high-acuity patient monitoring, moderate-acuity patient monitoring, and low-acuity patient monitoring. The high-acuity patient monitoring segment accounted for the largest share of the global home health hubs market. The larger share can be attributed to the growing geriatric population and high prevalence of chronic conditions such as congestive heart failure, chronic obstructive pulmonary disease, and chronic kidney diseases.

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The Hospital Segment Held the Largest Market share of home health hubs market in 2017.

Based on end users, the global home health hubs market is broadly segmented into hospitals, healthcare payers, home care agencies, and nursing homes & assisted living facilities. The hospitals segment accounted for the largest share of home health hubs market in 2017. Government initiatives to improve the quality of care delivered to patients; increasing focus on curbing the rising healthcare costs and reducing patient readmissions; and growing need to improve the affordability and accessibility of healthcare services are some of the major factors driving the adoption of home health hubs among hospitals across the globe.

North America accounted for the largest share of the home health hubs market in 2017, followed by Europe. The large share of North America in this market is attributed to the increasing prevalence of chronic and lifestyle diseases, growing healthcare costs, shortage of physicians, increasing demand for better healthcare services, and timely availability of patient data to authorized healthcare professionals in the region.

Some of the prominent players in this market are Qualcomm (US), Honeywell (US), Vivify (US), Lamprey Networks (US), AMC Health (US), iHealth Lab (US), IDEAL LIFE (US), Hicare (US), MedM (US), and OnKöl (US).

Home Health hubs, also known as home health gateways are the devices used to aggregate the information from various sources using wireless connectivity. Increasing usage of home healthcare technologies by people will enhance the market growth. Rising geriatric population, increase of chronic diseases and need for frequent monitoring of patient condition are propelling the market growth. Additionally, the growing need to reduce healthcare costs along with improvements of patient outcomes is also driving the demand. In the recent years, increase instances of cyber attacks and threats is creating demand for Home Health Hub, thus enhancing the market revenue.

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Major TOC For Global Home Health Hub Market Analysis by Product & Service (Standalone Hubs, Smartphone Based Hubs, Remote Patient Monitoring Services, Support & Maintenance Services); by Patient Monitoring Type (High-Acuity Patient Monitoring, Moderate Acuity Patient Monitoring, Low-Acuity Patient Monitoring); by End-User (Hospitals, Healthcare Players, Home Care Agencies, Nursing Homes & Assisted Living Facilities); by End-use (Healthcare Providers, Medical Device Manufacturers and Healthcare Players); by Geography (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) to 2025

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Global Home Health Hub Market – Market Dynamics

Drivers
Restraints
Opportunities
Chapter 4: Global Home Health Hub Market – By Offerings

Products
Standalone Hubs
Smartphone based hubs
Services
Remote Patient Monitoring Services
Support & Maintenance Services
Others
Chapter 5: Global Home Health Hub Market – By Patient Monitoring Type

High-Acuity Patient Monitoring
Moderate-Acuity Patient Monitoring
Low-Acuity Patient Monitoring
TOC Continued…!

Browse Complete Report @ https://globalmarketforecasts.com/selectedReport/56/Global-Home-Health-Hub-Market-Analysis-and-Forecasts-to-2025 .

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Global Market Forecasts is a global business intelligence and consulting firm aimed at assisting our clients to make critical business decisions and achieve exponential growth in their business. We focus on emerging markets and technologies, and insights on niche markets. Our reports include information on recent trends and innovations. Our pool of more than 300 off-shelf reports in each industry and customized reports based on the client’s requirement aids our client in making faster business decisions.

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