The global market for elder-care technology products was approximately $2.7 billion in 2012. It is expected to grow to roughly $3.2 billion by 2013 and $7.2 billion by 2018 at a compound annual growth rate (CAGR) from 2013 to 2018 of 17.7%.
This report provides:
- An overview of the global market for long-term care and home healthcare technologies, with a focus on remote health-monitoring and safety-monitoring systems.
- Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
- Discussion of how changing medical needs driven by an aging population, the necessity to cut costs in the delivery of care, and further adoption of technology and broadband connectivity by seniors will accelerate future demand for remote monitoring devices and home safety technology.
- Examination of the regulatory framework that controls the introduction of new remote monitoring devices in varied long-term-care settings.
- Ways to increase interoperability of consumer medical products.
GLOBAL ELDER-CARE TECHNOLOGY MARKET BY TYPE, 2012-2018
Source: BCC Research
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SCOPE OF REPORT
This report is a business analysis with the primary purpose of examining the potential market for elder-care technologies, specifically home telehealth and safety monitoring. The report includes sections on:
- Descriptions of home telehealth and safety-monitoring technologies and drivers of their adoption.
- Current status of the long-term care environment, including trends and factors affecting growth.
- Current and projected market status of these technologies.
- General regulatory and standards overview.
- Patent trend analysis.
- Information on the industry players.
The authors of the original 2010 report on which this updated report is based include Allison Coplein, an attorney with a background in business and transactional activities, and Lori Solomon, a freelance writer with a focus on public health issues.
The analyst responsible for updating this report is Andrew McWilliams, a partner in the Boston–based international technology and marketing consulting firm 43rd Parallel LLC. Mr. McWilliams is the author or co-author of many other BCC studies, including studies in related fields such as HLC047D Disabled and Elderly Assistive Technologies; HLC054C Global Markets and Technologies for Home Medical Equipment; HLC066B Medical Automation Technologies Products and Markets; HLC038C Patient Monitoring, HLC014E Global Markets for Telemedicine Technologies; and IAS031B The U.S. Market for Home Automation and Security Technologies.
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