Home Health Monitoring Will Require 36M Wearable Wireless Devices

LONDON - The aging of the population and other developments are driving demand for home monitoring devices that can extend and improve in-home care, according to a new report by ABI Research. As the market transitions toward enhancing the comfort, safety, and well-being of seniors in both their own homes and care homes, the number of monitoring devices sold will grow to more than 36 million units in 2017, from less than 3 million units in 2011, at a CAGR of 55.9 percent.

Over the same period, home monitoring will almost double its share of the wearable wireless device health market, to 22 percent from 12 percent. “Health care providers and caregivers alike are looking for devices to improve the monitoring of seniors in their own homes as economics and demographics increasingly drive that demand,” says Jonathan Collins, principal analyst at ABI Research and author of the new report.

Leveraging Broadband and Wireless
The ability to leverage wireless communications – either short-range or cellular – in a form factor that can be worn without restriction or discomfort will help extend the ability of seniors to live independently and the ability of caregivers to provide crucial care. The potential of this market will bring new players into the market - traditional specialists, established health care device players, and a range of new start-ups looking to leverage device availability and broadband connections into seniors' homes.

“Connectivity suppliers, wearable device and health gateway vendors, online applications, and existing vertically integrated players are all ramping up their offerings to meet the demands of this growing market,” says Collins.

The established Personal Emergency Response Systems (PERS) and Ambient Assisted Living (AAL) market has traditionally been a service sold directly to consumers and largely separate from medical monitoring. However, given the significant link between seniors and chronic disease management, these services will increasingly be integrated with health care monitoring.

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