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Emerging Opportunities for ICT Providers in the Healthcare Industry

Increasing technology adoption is transforming traditional healthcare delivery mechanisms, enabling improved patient outcomes. A lot of the effort towards automating the healthcare system is currently focused on mobile health and connected hospitals. With significant growth of the global aged population, technology providers have an opportunity to offer solutions to support independent living for the elderly in smart living ecosystems, whether at home or in care communities. This study outlines the main technology trends in the aged care market and provides insight into the opportunities for major ICT stakeholders.

About the Connected Industries Insight Series
Frost & Sullivan’s Connected Industries Insight Series deliverables offer ICT providers a detailed overview of vertical market opportunities. By combining the industry knowledge of our verticallyorientated
analysts with the expertise of our dedicated ICT research teams, we deliver a comprehensive view of markets that are ripe for ICT growth.

Connected Industries Insight Series
- Condensed versions of published market studies drawn from Frost & Sullivan’s dedicated, vertically-orientated research practices
o Written with an ICT audience in mind, detailing what information is needed to tailor vertical growth strategies
- Targeted strategic and tactical advice to support vertical growth strategies
- Each deliverable provides:
o Market overview, including key trends, drivers, and restraints
o Recommendations for ICT providers wanting to target growth opportunities in the market

Executive Summary—An Ageing World

Towards a Silver Tsunami by 2020

Impact of the Ageing Population on Nations
- High Cost of Care: The cost of care will rise, as the proportion of aged population will rise compared to younger population. This will lead to shortage of skilled manpower and high cost of care in aged care
homes and villages.
- More Burden on Public Care Systems: Long queues in public funded homes or community homes may lead to a compromise in quality, service dissatisfaction, and lack of care.
- In the next ?– years seniors may be left with no choice but to relocate to other nations in search of affordable care systems.
- Not all seniors are expected to be able to afford medical insurance and private care homes.

Table Of Contents

Connected Industry Insight Series—ICT Opportunities in the Global Aged Care Market
1. RESEARCH SCOPE AND METHODOLOGY

Research Scope and Methodology
About the Connected Industries Insight Series
Analysis of ‘White Space' Opportunities for ICT Providers
Aged Care as a Major Consumer Segment
For More In-depth Coverage of the Aged Care Market

2. EXECUTIVE SUMMARY

Executive Summary
Executive Summary—An Ageing World
Executive Summary—Super Aged Nations
Major Trends in the Global Aged Care Market
ICT Spend in Europe by Industry Sector
ICT Spend in the Healthcare Industry by ICT Sub-sector
Relevance to the ICT Industry— How Hot is the Global Aged Care Market?
Recommendations for the ICT Industry

3. THE GLOBAL AGED CARE MARKET—WHAT THE ICT INDUSTRY NEEDS TO KNOW

The Global Aged Care Market—What the ICT Industry Needs to Know
Choices and Voices of Aged Care
Attractive Aged Care Markets for Stakeholders
Beginning of a Consumer-driven Decade for Seniors
Robots in the Healthcare Market
Robots as a Consumer Product
Senior Homes in Australia, Japan, and European Countries Adopting Robots
Future of ICT Companies in the Aged Care Market
Game Changing Technologies
Soaring Need for Technology in Senior Homes
Key Future Trends in the Aged Care Technology Market
First Movers in the Senior Homes Market
Evidence-based Design Approach to Elderly Residential Communities
Key Real Estate Trends That Will Impact the Aged Care Market
Panasonic Model for Aged Care
The Future of Aged Care Business Models
Creating a Long-term Impact on the Aged Care Market

4. SUMMARY and RECOMMENDATIONS—ICT OPPORTUNITIES IN THE GLOBAL AGED CARE MARKET

Summary and Recommendations—ICT Opportunities in the Global Aged Care Market
The Last Word
A Converging Ecosystem of Participants in the Aged Care Industry
Opportunities for Communication Service Providers
Opportunities for Communication Equipment Vendors
Opportunities for IT Service Providers
Opportunities for IT Hardware Vendors
Opportunities for IT Software Vendors
Mapping ICT to Connected Industry Opportunities
Legal Disclaimer

5. APPENDIX

Appendix
Further Reading

6. THE FROST and SULLIVAN STORY

The Frost and Sullivan Story
Value Proposition—Future of Your Company and Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy

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