Home Health Hub Market Scope
The home health hubs market is expected to grow in the future due to the rising patient engagement & care management and extensive use of software solutions by healthcare providers in developed as well as developing countries. The growth of the healthcare IT sector and the integration of mobile technologies for its application in-home healthcare are expected to detain the growth of this market to a certain level. These devices use wireless connectivity to aggregate information from disparate sources. The devices allow multiple connectivity options to obtain data from commercially available wired and wireless healthcare devices such as pulse oximeters, blood pressure monitors, and many others. Further, they provide connectivity to take action with collected data by sharing it through a remote device with a display such as a smartphone, PC, tablet, or through the cloud.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Home Health Hub market throughout the predicted period.
Qualcomm Incorporated (United States), Lamprey Networks (United States), Vivify Health, Inc. (United States), iHealth Lab (United States), AMC Health (United States), Honeywell International (United States), Ideal Life Inc. (United States), Hicare (United States), Medm Inc (United States) and Onkol (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Home Health Hub market by Type (Standalone Hubs, Smartphone-based hubs and Services (Remote Patient Monitoring Services, Support & Maintenance Services)) and Region with country level break-up.
On the basis of geography, the market of Home Health Hub has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In May 2020, AMC Health announced its expanded relationship with long-term client Gallagher Home Health, utilizing AMC’s telehealth capabilities to help assess, monitor, and triage patients at-home who are chronically ill and at high risk; those living with heart failure, COPD, hypertension and diabetes.
- Integration of Mobile Technologies with Home Healthcare
- Growth in the Geriatric Population
- Increasing the Prevalence of Chronic Diseases
- Growth in Remote Patient Monitoring Market
- Increased Interest in Health and Wellness Tracking
- Security & Privacy Concerns
- Lack of Awareness & Availability in Developing Countries
Key Target AudienceHome health hub software and service providers, Home health hub distributors and sales firms, Home health hub device end-users, Venture capitalists and start-ups, Research institutes, Government bodies and Healthcare service providers