The home health hubs market is expected to reach USD 848.2 Million by 2023 from USD 158.4 Million in 2017, at a CAGR of 31.2% during the forecast period. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023.
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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).
Asia Pacific Countries Showcase High Growth Potential for Home Health Hubs Market
Countries in the APAC region, such as China and India have shown remarkable economic growth in the past decade, and are likely to surpass many developed countries in the coming years. Although, the healthcare industry in these countries still follows a traditional model of healthcare delivery; the situation is gradually changing with growing health awareness, increasing demand for better healthcare services, and increasing penetration of smartphones. As telehealth becomes more prevalent in the healthcare infrastructure of these countries, the demand for better remote patient monitoring technologies is expected to grow multi-fold. This in turn will create significant growth potential for home health hubs in APAC region over the coming years.
Based on type of patient monitoring, the home health gateway market is classified 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 home health hub market in 2017. The large share can be attributed to the growing geriatric population and high prevalence of chronic diseases.
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