Global Home Health Hubs Strategic Business Report 2023: Patient Non-adherence to Prescribed Medication Promotes Market Growth

Dublin, April 19, 2023 (GLOBE NEWSWIRE) -- The "Home Health Hubs: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Home Health Hubs estimated at US$751.1 Million in the year 2022, is projected to reach a revised size of US$7.9 Billion by 2030, growing at a CAGR of 34.3% over the analysis period 2022-2030.

Standalone Hub, one of the segments analyzed in the report, is projected to record a 32.3% CAGR and reach US$2.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Mobile Hub segment is readjusted to a revised 37.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $381.7 Million, While China is Forecast to Grow at 40.4% CAGR

The Home Health Hubs market in the U.S. is estimated at US$381.7 Million in the year 2022. 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 40.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 28.7% and 32.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 29.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$595.6 Million by the year 2030.

Select Competitors (Total 53 Featured) -

• AMC Health
• Cambridge Consultants
• Cisco Systems, Inc.
• eDevice
• Encompass Health Corporation
• Inhealthcare
• Lamprey Networks
• MedM, Inc.
• MyVitalzT, LLC
• Philips Healthcare
• Resideo Life Care Solutions

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• An Introduction to Home Health Hub
• Impact of Covid-19 and a Looming Global Recession
• The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
• How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: exhibiGlobal Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
• How the Healthcare Industry Has & Continues to be Impacted by the Pandemic & What's the New Normal?
• With the COVID-19 Pandemic Exposing Global Healthcare Unpreparedness, There is Increasing Policy Led Focus on Rebooting Health Systems Worldwide: Current & Required Healthcare Spending as % of GDP
• The Pandemic Triggers Shift in Consumer Behaviour & Engagement With Healthcare Technologies & Services
• Healthcare Industry Pushed to Adopt Digital Technologies & Innovate to Save Lives Amid the Crisis
• Digital Health Technologies Poised to Break New Grounds Post Pandemic: Global Opportunity in Digital Health (In US$ Billion) for Years 2020, 2022, 2024 and 2026
• Homes Become Wellness Centres
• Impact of COVID-19 on Home Health Hub
• Shift Driven by New Care Settings
• Shift Driven by Advanced Technology
• Shift to Evolve New Hospital Settings
• The Journey from Smart Home to Home Health Hub
• Smart Displays for Tracking Sleep
• 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
• Wearable & Mobile Home Health App Downloads by Region: Percentage Share Breakdown for 2021
• EXHIBIT 5:Smartphone Penetration (as a Proportion of Total Population) by Select Countries for the Year 2020
• High-Acuity Patient Monitoring Steers Home Health Hub Deployments
• Hospitals: Largest End-Use Market
• Home Health Hubs - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (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

3. MARKET TRENDS & DRIVERS

• Home Health Hubs and Smart Homes Facilitate Continued Care Co-ordination between Primary Healthcare Systems and ACSs (2020)
• 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
• World IoT Market: Number of Connected Devices (in Million) for Years 2018, 2020 and 2022
• 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
• Rapid Increase in Penetration Rate of Internet: 2018 Vs 2009
• Issues & Challenges
• Security & Privacy Concerns
• Lack of Awareness & Availability
• Reimbursement Issues in the US

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/xjbnsz

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

• Global Market for Home Health Hubs