mHealth Elderly Home Monitoring Market Report
Expect to see a boom in devices, apps, and services for the elderly soon. These will go far beyond the “help I’ve fallen” things and services that we have now by leveraging individual histories, deep population statistic mining, and AAI type applications.
Over the next 5 years, a new generation of elderly home care services will drive wearable device shipments to more than 44 million in 2019 up from just 6 million in 2013. In 2014 alone, shipments of wearable devices linked to elderly care systems will more than double over those in 2013, finds the latest ABI Research analysis of the mHealth market.
“The sports and wellbeing monitoring market has already drawn Samsung, Google, and Apple into developing devices and platforms to capture health and activity data. These will increasingly be extended to serve specific markets, primarily elderly care or aging in place applications”
Growing adoption comes as tech savvy families increasingly turn to home monitoring offerings for assurance their aging parents and family members are safe and well. In addition, new offerings are boosting and extending a market that has long been the territory of dedicated, “Help! I’ve fallen and I can’t get up”-type personal emergency response systems. A host of niche players including BeClose, GrandCare Systems, Independa and others have all emerged to capitalize on a combination of market demand and the potential to leverage connected devices and systems.
More: mHealth Elderly Home Monitoring Market Report - M2M Magazine