Home Health Hub Market Size, Growth, Segmentation, Share, Forecast 2027

Publisher: The Insight Partners

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.

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The List of Companies

• OnKöl
• Insung Information Co, Ltd.
• Ideal Life Inc.
• iHealth Labs Inc.
• Honeywell International Inc.
• Vivify Health, Inc.
• Capsule Technologies Inc. (Formally: QUALCOMM LIFE, INC.)
• MedM
• Sensato Cybersecurity Solutions
• Cisco Systems, Inc.

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 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

Rising Preference for Home Monitoring Devices

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. 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.

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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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