Home Healthcare Technology Innovations and Growth Opportunities

Home Healthcare Technology Innovations and Growth Opportunities

Bringing Critical Care Delivery to Patients’ Homes through Portable, Safe, and Easy-to-Use Ventilators, Electrocardiograms, and Dialysis and Infusion Devices

RELEASE DATE
10-Aug-2022
REGION
Global
Deliverable Type
Technology Research
Research Code: DA4B-01-00-00-00
SKU: HC03569-GL-TR_26783
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$4,950.00
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SKU
HC03569-GL-TR_26783
$4,950.00
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Description

Hospitals have been the mainstay of providing care delivery to patients, including diagnostic services and therapeutic interventions. However, as a limited number of health professionals cater to multiple patients, caregivers are unable to dedicate sufficient time to each patient to understand their needs and effectively monitor their response to the treatment delivered to them, which impacts health outcomes. Furthermore, in-hospital care exposes patients to HAIs that can impact their well-being and cause a spike in the mortality rate.

These limitations have necessitated the demand for home healthcare that provides greater convenience to patients and improves their health outcomes and reduces healthcare costs for providers.

Typically, home healthcare involves medical care provided by physicians and other skilled medical professionals to patients outside the traditional healthcare environment (including hospitals) in the comfort of their homes. As home healthcare offers hospital-level diagnostic and treatment services to patients, mainly to address critical pain points such as reducing the incidence of hospital-acquired infections (HAIs), decreasing preventable hospital readmissions, and enabling effective care for patients, the model is attracting healthcare providers.
This growth opportunity-technology (GO-TE) study highlights innovation in home healthcare technologies, including home care ventilators, home dialysis devices, at-home electrocardiograms, and home infusion devices.

The market scope of this GO-TE study is global. It studies some of the pathbreaking innovators in this space and their technology readiness levels.

RESEARCH: INFOGRAPHIC

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Table of Contents

The Strategic Imperative 8™: Factors Creating Pressure on Growth

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Home Healthcare Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Methodology

Healthcare-associated Infections, Hospital Readmissions, and a Lack of Personalized Care are Key Challenges for In-hospital Care

Home Healthcare: Facilitating Convenience and Effective Care Delivery for Patients

Home Healthcare Prevents HAIs in Patients

Home Healthcare Decreases Hospital Readmissions and Boosts Hospitals’ Capacity

Emergence of Home Healthcare as a Promising Substitute to In-hospital Care

Business Growth Drivers for Home Healthcare

Business Growth Restraints for Home Healthcare

Technology Growth Drivers for Home Healthcare

Technology Growth Restraints for Home Healthcare

Technology Segmentation for Home Healthcare Devices

Research Scope

Home Care Ventilators Facilitate Effective Respiratory Support through Multiple Ventilation Modes

Automated Breath Triggering, On-demand Ventilation, Safety, and Low Maintenance Costs are Benefits Offered by Home Care Ventilators

Major Medical Device Companies are Actively Involved in the Development of Home Care Ventilators

Universities are Vigorously Focusing on the Development of Home Care Ventilators

At-home ECG Devices Facilitate Rapid and Comprehensive Cardiac Monitoring

At-home ECG Devices Enable Accurate Diagnosis, the Integration of Electronic Medical Records, and Cloud-based Data Access

Start-ups across the World are Developing At-home ECG Devices

At-home ECG Device Companies are Actively Receiving Approvals from Regulatory Bodies across the World

Home Dialysis Devices Provide Greater Convenience and Flexibility for Patients

Treatment Monitoring, Frequent Therapy, Dialysate On Demand, and Automatic Disinfection are Key Benefits of Home Dialysis Devices

Start-ups are Driving Innovation in Home Dialysis Devices

The United States Comprises a Healthy Concentration of Start-ups and Universities Developing Home Dialysis Devices

Home Infusion Devices Facilitate the At-home Delivery of a Broad Spectrum of Therapies

User-intuitive Design, Multi-therapy Infusion Modes, Increased Workflow Efficiency, and Reduction in Alarm Fatigue are Benefits Offered by Home Infusion Devices

Development of Home Infusion Devices that Deliver IV Therapies is a Focus Area for Major Medical Device Companies

Start-ups and Universities are Focusing on the Development of Home Infusion Devices that Deliver IV and Subcutaneous Therapies

Important Parameters for Home Healthcare Devices

Assessment of the Impact of Home Mechanical Ventilation through Home Care Ventilators on Patients

Assessment of the Impact of Cardiac Monitoring through At-home ECG Devices on Patients

Assessment of the Impact of Home Dialysis through Home Dialysis Devices on Patients

Assessment of the Impact of Therapy Infusion through Home Infusion Devices on Patients

The United States Records the Highest Adoption of Home Healthcare

Analysis of the NIH’s Funding for Home Healthcare Devices

Private Financing Assessment for the Home Healthcare Industry

Strategic Industry Partnerships for Product Development and to Improve Patient Access to Home Healthcare Devices

Collaborative Business Model to Lower the Pressure on Hospitals and Improve the Quality of Care Delivery

Growth Opportunity 1: Use of AI-based Systems to Detect Ventilator-associated Pneumonia in Home Care Ventilators

Growth Opportunity 1: Use of AI-based Systems to Detect Ventilator-associated Pneumonia in Home Care Ventilators (continued)

Growth Opportunity 2: Remote Monitoring and Automation of Infusion Therapies

Growth Opportunity 2: Remote Monitoring and Automation of Infusion Therapies (continued)

Growth Opportunity 3: Development of Home Hemodialysis Devices with Low Water Consumption

Growth Opportunity 3: Development of Home Hemodialysis Devices with Low Water Consumption (continued)

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Hospitals have been the mainstay of providing care delivery to patients, including diagnostic services and therapeutic interventions. However, as a limited number of health professionals cater to multiple patients, caregivers are unable to dedicate sufficient time to each patient to understand their needs and effectively monitor their response to the treatment delivered to them, which impacts health outcomes. Furthermore, in-hospital care exposes patients to HAIs that can impact their well-being and cause a spike in the mortality rate. These limitations have necessitated the demand for home healthcare that provides greater convenience to patients and improves their health outcomes and reduces healthcare costs for providers. Typically, home healthcare involves medical care provided by physicians and other skilled medical professionals to patients outside the traditional healthcare environment (including hospitals) in the comfort of their homes. As home healthcare offers hospital-level diagnostic and treatment services to patients, mainly to address critical pain points such as reducing the incidence of hospital-acquired infections (HAIs), decreasing preventable hospital readmissions, and enabling effective care for patients, the model is attracting healthcare providers. This growth opportunity-technology (GO-TE) study highlights innovation in home healthcare technologies, including home care ventilators, home dialysis devices, at-home electrocardiograms, and home infusion devices. The market scope of this GO-TE study is global. It studies some of the pathbreaking innovators in this space and their technology readiness levels.
More Information
Deliverable Type Technology Research
Author Neeraj Nitin Jadhav
Industries Healthcare
No Index No
Is Prebook No
Keyword 1 home healthcare technology solutions market
Keyword 2 GO-TE
Keyword 3 Healthcare Innovation
Podcast No
WIP Number DA4B-01-00-00-00