Home monitoring will almost double its share of the
wearable wireless device health market to 22 percent from 12 percent.
Healthcare 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,” said Jonathan
Collins, principal analyst at ABI Research and author of a new report examining
the wearable wireless device healthcare market.
The potential of this market will bring in new players
into the market from traditional specialists, to established healthcare device
players, and a range of new start-ups looking to leverage device availability
and broadband connections into senior’s 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.
The established Personal Emergency Response Systems
(PERS) and Ambient Assisted Living (AAL) market has been a service sold directly
to consumers and largely separate from medical monitoring. Given the
significant link between seniors and chronic disease management these services
will increasingly be integrated with healthcare monitoring.