Table of Contents
Home health technologies are emerging as a distinct segment within the larger mobile and digital health market. The ability to remotely monitor patients with chronic conditions, utilize technology for improved eldercare, and conduct virtual physician consultations (eVisits) is being seen as way to improve the efficiency and effectiveness of the overall healthcare system, as well as to improve patient outcomes. Meanwhile, home health devices and applications are leveraging the ubiquity of residential broadband networking and smartphones to help consumers manage health and wellness on an ongoing basis, in addition to medical monitoring and management.
Much of the activity around home health technologies in the United States, and to a lesser degree in Europe and other developed countries, is fueled by the desire to curb rising healthcare costs. In the United States, a shift in healthcare market dynamics is taking place that aims to provide better patient outcomes at lower costs. Changing demographics such as aging populations, increasing numbers of people living with chronic diseases, the need to provide better tracking and care for post acute care patients, and consumer desire to be in greater control of their own healthcare will make home health monitoring services and devices an increasingly valuable part of the healthcare equation. Tractica forecasts that consumers utilizing home health technologies will increase from 14.3 million worldwide in 2014 to 78.5 million by 2020.
This Tractica report examines the market trends and technology issues surrounding home health devices and applications and presents global market forecasts for users, services, and applications during the period from 2014 through 2020. Services, devices and applications are analyzed in depth, and the report also includes profiles of key industry players across the home health ecosystem. Market forecasts, which are segmented by world region, include 20 different market segments and product categories within the areas of medical monitoring and management, remote consultations, eldercare, and health and wellness.
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