Long-Term Care And Home Healthcare: Global Markets

April 28, 2010

Wellesley, Mass. – According to a new technical market research report, LONG-TERM CARE AND HOME HEALTHCARE: GLOBAL MARKETS (HLC079A) from BCC Research (www.bccresearch.com), the value of the long-term care and home healthcare market is an estimated $2.6 billion in 2010, but is expected to increase to nearly $4 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 8.7%.

The largest segment of the market, safety monitoring, is projected to increase at a CAGR of 8.2%, rising to nearly $3.4 billion in 2015, after being valued at nearly $2.3 billion in 2010.

The other segment, home telehealth, is estimated at $371 million in 2010, and is expected to increase at a 5-year CAGR of 11.2% to reach more than $631 million in 2015.

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Elder-care technologies are broadly defined as products and systems that increase the health status and quality of life for seniors. Information and communications technologies can help enhance the quality and the efficiency of care provision, thus improving both the aging and caregiving experience.

Home telehealth is the use of technology to deliver patient care in a place of residence and includes monitoring of a patient’s physiological parameters and symptoms as well as patient education for a condition. Safety monitoring includes assist-call devices, medication-management products, wander-management systems, fall-management devices, smart-home systems, and robotically enhanced mobility-assistance devices.

Advances in communications and information technology have created products that make remote monitoring feasible. Smart phones, PDAs and wireless networks are everywhere, including in seniors’ residences. These technologies carry both economic and emotional appeals to caregivers and the elderly. This report will examine whether the excitement surrounding new mobile applications and smart monitoring systems that cater to the elderly can achieve anticipated mainstream success.

This report is intended for anyone interested in the elder care and remote technology markets. Executives, consultants, trade associations and marketing professionals in the medical-device industry, machine-to-machine (M2M) industry, health-insurance industry, long-term-care industry, health-information-technology industry, superconductor industry, and the broadband and wireless-communications industries would benefit from this report. Manufacturers and distributors of the technology and component parts discussed in this report also are intended audiences.

Technologies for Long-Term Care and Home Healthcare: Global Markets( HLC079A )
Publish Date: Apr 2010    

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