The rise of the Home Health Hub

digital health device

According to a new report, the global Home Health Hub market is forecast to reach US$1.1 billion by 2025, with China as the largest player

The ‘Home Health Hub’ is defined as a combination of hardware and software systems that allow the creation of a medical hub for monitoring, acquiring and transmitting patient data from point-of-care facility to healthcare professionals in the primary care sector.

While home care agencies, nursing homes and assisted living facilities utilise a wide range of home healthcare technologies and represent 'hubs' for collecting and transmitting patient data, rapid proliferation of digital health technologies are bringing healthcare even closer to the patient, making the patient's home the point-of-care facility. Smart homes are helping drive the trend towards connected home-based self-care.

And what does this ‘connected home-based care’ look like? Well, in most cases digital health technologies that put healthcare management into the patient’s hands are either a mobile device (such as a smartphone or tablet) or a wearable device (such as a smart watch). In terms of the ‘smart home’, we’re looking at a facility that connects all these devices together – combining IoHT (internet of health things) with the cloud – and sends healthcare data back to the healthcare professionals in the primary care sector. In this way, the Home Health Hub very much represents a move towards enhanced co-ordination between alternate care sites (ACSs) – such as assisted living and housing communities, palliative/hospice care, nursing homes, transitional care, and physician clinics – and primary healthcare systems. And the digitisation also mean reduced healthcare costs.

According to the report, titled Home Health Hub – Market Analysis, Trends, and Forecasts’, in terms of adoption in the global market, China ranks as the fastest growing market, with a CAGR of 34.8 per cent. And, with a combined share of 73.7 per cent of the market, the US and Europe represent large markets too.

The report also identifies some of the key competitors in this sphere, including Honeywell International Inc., Cambridge Consultants and Philips Healthcare.

Read the report in full here.