Home Health Hubs Market: Introduction Home health hubs, also called home health gateways, are gaining popularity in the home health technology market. Home health hubs provide seamless connectivity with commercially available wired and wireless health care devices, such as pulse oximeters, blood pressure monitors, blood glucose monitors, and weight scales and consequently, allow multiple connectivity options to obtain data from these devices. Read Report Overview - https://www.transparencymarketresearch.com/home-health-hubs-market.html Data obtained from these devices is subsequently relayed to a remote device, such as a tablet, smartphone, or PC, in order to track and monitor the patient’s health status and also provide alerts and medication reminders. The display interface also provides a real-time connection to caregivers, including family, friends, and physicians, and offers comfort and safety to the individual being monitored. Key Drivers and Restraints of Global Home Health Hubs Market
The global home health hubs market is driven by the increase in geriatric population, which has led to a rise in prevalence of chronic diseases, lack or shortage of healthcare professionals, and reduced cost of healthcare According to WHO, by 2050, the world’s population aged 60 years and older is expected to reach 2 billion, up from 900 million in 2015. The geriatric population in China is estimated to reach 120 million, and 434 million people globally, by 2050. Furthermore, 80% of the total global geriatric population is likely to reside in low- and middle-income countries by 2050.
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Rise in interest and involvement in health and wellness tracking, technological advancements, and an increase in the demand for remote patient monitoring are key factors boosting the home health hubs market However, lack or scarcity of awareness and poor internet availability in developing and underdeveloped countries are restraining the home health hubs market
Strategies adopted by key players and emerging economies to offer attractive opportunities
Companies operating in the global home health hubs market are focused on catering to the needs of the medical community and patient population by introducing novel products and technologies. Leading players emphasize on research and developmental activities and engage in acquisitions, mergers, and collaborations to strengthen their position in the global market. For instance, in January 2018, Qualcomm Incorporated, through its subsidiary Qualcomm Technologies, Inc., announced the launch of two Qualcomm Home Hub platforms supporting Google’s Android Things. Based on the Qualcomm SDA624 and SDA212 system on chips (SoCs), these platforms are designed to help developers and original equipment manufacturers (OEMs) to rapidly and cost-effectively develop home hubs featuring Google services such as the Google Assistant.
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