Home Health Hub Market 2019 Outlook by Players | iHealth Labs Inc.,OnKöl,Insung Information Co, Ltd.,Ideal Life Inc.

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.

A home health hub comprises a wide range of health data of patients from the point of care that includes vital signs, weight, heart rates, blood sugar, blood oxygen levels, blood pressure, and electrocardiograms. The data can be transmitted to skilled health professionals in facilities such as hospitals and intensive care units, skilled nursing facilities, centralized off-site case management programs, and monitoring centers. The patients monitored remotely by professionals are provided with a treatment plan based on health data information.

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Key Companies Analyzed in this Report are:
1. OnKöl
2. Insung Information Co, Ltd.
3. Ideal Life Inc.
4. iHealth Labs Inc.
5. Honeywell International Inc.
6. Vivify Health, Inc.
7. Capsule Technologies Inc. (Formally: QUALCOMM LIFE, INC.)
8. MedM
9. Sensato Cybersecurity Solutions
10. Cisco Systems, Inc.

Many companies are focusing on developing innovative products. For instance, in January 2014, iHealth Lab Inc. launched three new wearable mobile personal health products—ambulatory blood pressure monitor (ABPM), wearable pulse oximeter, and wireless ambulatory electrocardiogram (ECG). Therefore, owing to the abovementioned factors, the demand for home health hubs is significantly increased during the forecast period.

Due to improved mobile technology, governments and other organizations are turning to mobile devices to improve efficient productivity and also focus on coupling their power to use present health data in a timely manner. The hasty development of advanced technology allows the increased sharing of data information between electronic systems. The increasing health data security helps users with accurate data and provide decision-makers to improve the ability to make critical decisions.

However, several healthcare organizations introduce the risks that result in personal health data breaches. These organizations do not provide guidelines for safeguarding electronic personal health information. Thus, the rising threats of using these services proportionally boost the health data security that restricts the growth of the home health hubs market.

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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

Strategic Insights

Several organic and inorganic growth strategies such as approvals, product launches, agreements, and partnerships have been witnessed in the market of home health hub. For instance, in June 2017, Honeywell International Inc. launched its product LifeStream 5.2 which is the latest version. It has been approved by the FDA for used as a telehealth software.

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