The study's base year is 2017, with the projection period running from 2018 through 2023.

[Report of 122 Pages] The market for home health hubs is predicted to grow at a CAGR of 31.2 percent from USD 158.4 million in 2017 to USD 848.2 million in 2023.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=18889153

Telehealth-based Clinical Trials: The Future of Clinical Trial Management and a Growing Market for Home Health Hubs

Telehealth-based clinical trials are a relatively new concept in the healthcare business that aims to speed up research. Telehealth technologies aid clinical trial recruitment by allowing patients who live far away from the study site to participate. Furthermore, telehealth-based clinical trials save patient time and travel hardship, which enhances trial patient retention. Despite the fact that the concept is new, pilot studies have yielded promising outcomes in terms of patient connectivity, FDA submissions, and study efficacy. Clinical studies (Phase III) in countries employing telehealth services, such as the United States and the United Kingdom, have yielded encouraging outcomes. The expanding notion of telehealth-based clinical trials is projected to accelerate future expansion of the home health hubs market, since home health hubs are basic equipment for telehealth-based clinical trials.

Globally, high smartphone penetration would drive demand for smartphone-based home health hubs to USD 295 million by 2023.

Mobile programmes (Android, iOS, Linux, and Windows) that can be downloaded to dedicated smartphones and tablets are required for smartphone-based hubs. Smartphones and tablets are now the primary means of internet connectivity in industrialised countries, and their use is increasing in developing countries. Increased use of mobile platforms to improve patient information accessibility is being driven by increased smartphone usage and continuous growth of high-speed mobile networks. By 2023, smartphone-enabled home health hubs are expected to rise at a faster rate due to increased awareness and accessibility.

Home Health Hubs Market in Asia Pacific Showcases High Growth Potential

Countries in the Asia-Pacific area, such as China and India, have experienced rapid economic growth in recent years and are on track to overtake several developed countries in the future years. Although the healthcare industry in these countries still follows a traditional model of healthcare delivery, the situation is slowly changing due to increased health awareness, desire for better healthcare services, and smartphone usage. The demand for better remote patient monitoring technology is likely to multiply as telehealth becomes more popular in these countries' healthcare system. As a result, home health hubs in the APAC area will see substantial growth in the next years.

Request Sample Report

https://www.marketsandmarkets.com/requestsampleNew.asp?id=18889153

Key Players

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).

More Related Report:

Environmental Monitoring Market

https://www.openpr.com/news/2537648/environmental-monitoring-market-worth-17-9-billion-by-2026

http://www.sbwire.com/press-releases/environmental-monitoring-market-worth-179-billion-by-2026-exclusive-report-by-marketsandmarketstm-1352546.htm

https://www.whatech.com/markets-research/medical/725483-environmental-monitoring-market-opportunities-upcoming-trends-worldwide-industry-expansion-development-history-and-future-forecast