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Vision 2025-Healthcare in the Smart Home

Vision 2025-Healthcare in the Smart Home

  • June 2018
  • 149 pages
  • ID: 5474783

Summary

Table of Contents

Opportunities Lie in the Integration of Big Data, AI, Aging-in-Place, Disease Management, and Wellness to Optimize a Single Consumer Health Platform
Smart homes are no longer an emerging concept.Consumers are not only warming up to the idea but also buying home automation products.

Smart speakers seem to be the favorite, with sales jumping from a meager 6 million units in 2016 to a whopping 33.2 million units in 2017. The developing ecosystem of home automation products that each of these current smart speakers provides is encouraging the sale of related lighting, energy and home security products.

Growing alongside this trend is the potential for healthcare services to be provided in a smart home.In fact, several health services being can be integrated with existing smart home infrastructure: telehealth, remote patient monitoring, simple medication reminders, or answers to health information queries.

But the true potential of a smart home that offers care lies in identifying the unique health needs of each individual residing in a home—from infants or the elderly—and serving those unique needs simultaneously.

In the future, the true smart home (which will evolve from the current ‘connected home’), and the further evolved ‘intelligent homes’ will be able to do this with ease, and monitor the entire health and wellness of all residents enabling a proactive approach to care, instead of reactive.For now, the homes can serve the needs of aging-in-place, chronic disease management and post-acute care.

Naturally, the current ecosystem is somewhat fragmented, operating in silos. However, a platform integration of multiple health-related services with other non-health, consumer related services will be the next step for most vendors serving this space; for example, motion sensors can automatically turn up the lights for senior grandmother in an aging-in-place scenario.

Research Highlights
This study covers the concept of a smart home delivering healthcare, including the services, framework and the technology stack.It also delineates all of the resident profiles and their individual health needs that a smart home must cater to.

For each of the application segments mentioned earlier, it covers the features a smart home must have to provide services for those segments.In addition, regional trends and statistics on current connected home penetration across the world have been included.

Revenue forecasts for the overall smart home, as well as for the health and wellness ecosystem are provided.In addition to the ecosystem for a care delivering smart home, a spotlight on the key companies to watch in this space has been included.

Finally, analyst commentary on business models, future evolution and a glimpse of the smart home providing care has been covered.

Key Issues Addressed
• Are we really in the age of smart homes? What is the level of consumer interest in the concept? What should a Smart Home Tech Stack comprise for enabling healthcare services?
• Which healthcare services can be delivered in the smart home, and how will they evolve? What trends are affecting these developments?
• What are the resident profiles, and their unique health needs in a smart home, that the care delivery services must cater to?
• Which care delivery segments can be served by a smart home healthcare service, and what features must smart homes have to enable such services?
• What is the level of regional readiness for smart homes healthcare services? How does that compare to the existing smart home penetration across the world?
• Who are the players in this ecosystem, which are the key companies to watch? What business models can be leveraged in this space? What does an ideal smart home delivering care look like?

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