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Technologies for Long-Term Care and Home Healthcare: Global Markets

Technologies for Long-Term Care and Home Healthcare: Global Markets

The global market for elder-care technology products was valued at $3.7 billion in 2014. This market is expected to grow to $10.3 billion in 2020 from nearly $4.4 billion in 2015, at a compound annual growth rate (CAGR) of 18.8% from 2015 to 2020.

This report provides:

An overview of the global market for long-term care and home healthcare technologies, with a focus on remote health-monitoring and safety-monitoring systems.

Analyses of global market trends, with data from 2014, estimates for 2015, and projections of CAGRs through 2020.

Discussion of how changing medical needs driven by an aging population, the necessity to cut costs in the delivery of care, and further adoption of technology and broadband connectivity by seniors will accelerate future demand for remote monitoring devices and home safety technology.

Examination of the regulatory framework that controls the introduction of new remote monitoring devices in varied long-term-care settings.

Ways to increase interoperability of consumer medical products.


SCOPE OF REPORT

This report is a business analysis with the primary purpose of examining the potential market for elder-care technologies, specifically home telehealth and safety monitoring. The report includes sections on:

Descriptions of home telehealth and safety-monitoring technologies and drivers of their adoption.

Current status of the long-term care environment, including trends and factors affecting growth.

Current and projected market status of these technologies.

General regulatory and standards overview.

Patent trend analysis.

Information on the industry players.

CHAPTER 1 INTRODUCTION
STUDY GOALS AND OBJECTIVES
REASONS FOR DOING THE STUDY
SCOPE OF REPORT
INTENDED AUDIENCE
INFORMATION SOURCES
ANALYSTS' CREDENTIALS
RELATED BCC RESEARCH REPORTS
BCC RESEARCH WEBSITE
DISCLAIMER
CHAPTER 2 SUMMARY
SUMMARY TABLE GLOBAL ELDER-CARE TECHNOLOGY MARKET BY TYPE, THROUGH 2020 ($ MILLIONS)
SUMMARY FIGURE GLOBAL ELDER-CARE TECHNOLOGY MARKET BY TYPE, 2014-2020 ($ MILLIONS)
CHAPTER 3 OVERVIEW
ELDER-CARE TECHNOLOGIES
ELDER-CARE TECHNOLOGY IN THE BROADER MARKETPLACE
SENIOR HEALTHCARE SPENDING
TABLE 1 HEALTHCARE SPENDING COMPARISON, 2014 AND 2020 ($ BILLIONS)
FIGURE 1 HEALTHCARE SPENDING COMPARISON, 2014 AND 2020 ($ BILLIONS)
TABLE 2 U.S. HEALTH EXPENDITURE DISTRIBUTION BY FUNDING SOURCE, 2014* (%)
HEALTH INFORMATION TECHNOLOGY
HOME TESTING MARKET
MOBILE HEALTH
REMOTE PATIENT MONITORING MARKET
ASSISTIVE DEVICES
ASSISTIVE DEVICE DEFINITION
ASSISTIVE DEVICE MARKET
ASSISTIVE DEVICE TYPES
ASSISTIVE DEVICE PAYMENT
HOME SAFETY MARKET
HOME TELEHEALTH
FUNDING
GENERAL MARKET IMPRESSIONS
CHALLENGES
Consumer Issues
Physician Issues
Policy and Regulatory Issues
Licensure
Privacy Concerns
Lack of Integration or Interoperability
Misaligned Incentives
Reimbursement
BENEFITS OF TELEHEALTH
SAFETY MONITORING
ASSIST-CALL TECHNOLOGY
Introduction
Assist-Call Technology Types
Telephone-Based Assist-Call Systems
Wired Assist-Call Systems
Wireless Assist-Call Systems
Benefits of Using Assist-Call Technology
Use Challenges
Adoption
Users
FALL-MANAGEMENT TECHNOLOGY
Fall Incidence
Fall Costs
Definition of Fall Management
Fall Prevention
Fall Detection
Benefits of Fall-Management Technologies
Use Challenges
WANDER-MANAGEMENT TECHNOLOGY
Introduction
Wander-Management Technology Types
Use Challenges
Adoption
Users
Wander-Management Technology Benefits
SMART HOME TECHNOLOGY
Smart Home Definition
Smart Home Technology Benefits
Use Challenges
Adoption
Users
MEDICATION-MANAGEMENT TECHNOLOGY
Introduction
Medication-Management Technology Types
Medication Reminder Software
Multi-Alarm Pillboxes
Alarm Watches and Reminders
Automatic Medication Dispensers for Personal Use
Talking Medication Bottles
New Technology
Medication-Management Technology Benefits
Use Challenges
Adoption
Users
SMART MOBILITY TECHNOLOGY
Disabilities Impacting Independent Mobility
Smart Mobility Technologies Definition
Smart Mobility Device Types
Future Market
Use Challenges
REGULATION OF ELDER-CARE TECHNOLOGIES
FOOD AND DRUG ADMINISTRATION REGULATION
TABLE 3 CENTER FOR DEVICES AND RADIOLOGICAL HEALTH
CLASSIFICATION DATABASE CODING SAMPLES BY PRODUCT
TECHNICAL STANDARDS
NATIONAL ELECTRICAL CODE STANDARDS
AMERICAN NATIONAL STANDARDS INSTITUTE STANDARDS
FEDERAL COMMUNICATIONS COMMISSION REGULATION
HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT REGULATION
DRIVING FORCES OF THE ELDER-CARE TECHNOLOGY MARKET
DEMOGRAPHIC SHIFT
TABLE 4 GLOBAL POPULATION OF PEOPLE AGED 65 AND OLDER BY REGION, 2014-2030 (MILLIONS)
FIGURE 2 GLOBAL POPULATION OF PEOPLE AGED 65 AND OLDER BY REGION, 2014-2030 (MILLIONS)
TABLE 5 PEOPLE AGED 65 AND OLDER WITHIN THE TOTAL POPULATION BY REGION, 2014-2030 (%)
FIGURE 3 PEOPLE AGED 65 AND OLDER WITHIN THE TOTAL POPULATION BY REGION, 2014-2030 (%)
HEALTHCARE COSTS
TABLE 6 U.S. HEALTH AND MEDICARE EXPENDITURES, 2014-2020 ($ BILLIONS)
CHRONIC DISEASE
TECHNOLOGY ADOPTION
CHANGING ROLE OF THE PATIENT
HEALTHCARE MODEL SHIFT
LONG-TERM CARE
SPECTRUM OF LONG-TERM CARE
Community-based Care
Payment
Home Healthcare
Regulation
Payment
TABLE 7 DISTRIBUTION OF U.S. HOME HEALTHCARE EXPENDITURE BY FUNDING SOURCE, 2014* (%)
FIGURE 4 DISTRIBUTION OF U.S. HOME HEALTHCARE EXPENDITURE BY FUNDING SOURCE, 2014* (%)
Largest U.S. Home Healthcare Companies
TABLE 8 LARGEST U.S. HOME HEALTH COMPANIES BY NUMBER OF BRANCH AFFILIATES, 2012*
Home Healthcare Expenditures
FIGURE 5 U.S. HOME HEALTHCARE EXPENDITURES, 2014-2020 ($ BILLIONS)
Assisted Living Facilities
Regulation
Payment
Nursing Homes
Regulation
Payment
FIGURE 6 DISTRIBUTION OF U.S. NURSING HOME CARE EXPENDITURE BY FUNDING SOURCE, 2014* (%)
Statistics
TABLE 9 NUMBER OF CERTIFIED U.S. NURSING FACILITIES, BEDS AND RESIDENTS, 2000-2012*
TABLE 10 OCCUPANCY RATES FOR U.S. NURSING FACILITIES, 2000-2012* (%)
TABLE 11 LARGEST U.S. NURSING HOME CORPORATIONS BY NUMBER OF NURSING FACILITIES, 2012*
TABLE 12 PROJECTED U.S. NURSING HOME EXPENDITURES, 2014-2020 ($ BILLIONS)
FIGURE 7 PROJECTED U.S. NURSING HOME EXPENDITURES, 2014-2020 ($ BILLIONS)
Continuing Care Retirement Community
Regulation
Payment
Largest U.S. Continuing Care Retirement Communities Companies
TABLE 13 10 LARGEST U.S. CONTINUING CARE RETIREMENT COMMUNITY COMPANIES BY SALES* ($ MILLIONS)
DRIVING FORCES
Demographics
FIGURE 8 U.S. PROJECTED POPULATION OF PEOPLE AGE 65 AND OLDER, 2000-2050 (MILLIONS)
FIGURE 9 U.S. PROJECTED POPULATION OF PEOPLE AGE 85 AND OLDER, 2000-2050 (MILLIONS)
Available Options for Long-Term Care
Reimbursement
TABLE 14 DISTRIBUTION OF MEDICARE EXPENDITURE BY CARE TYPE, 2014 AND 2020* (%)
TABLE 15 DISTRIBUTION OF MEDICAID EXPENDITURE BY CARE TYPE, 2014 AND 2020* (%)
Pricing of Long-Term Care
Labor
Competition
Alzheimer's Disease
CONNECTED SYSTEM
OPERATIONS
VETERANS HEALTH ADMINISTRATION EXAMPLE
CHAPTER 4 GLOBAL ELDER-CARE TECHNOLOGY MARKET
TOTAL MARKET SIZE
TABLE 16 GLOBAL ELDER-CARE TECHNOLOGY MARKET BY TYPE, THROUGH 2020 ($ MILLIONS)
MARKETS BY TECHNOLOGY TYPE
HOME TELEHEALTH
TABLE 17 GLOBAL HOME TELEHEALTH SYSTEM MARKET BY REGION, THROUGH 2020 ($ MILLIONS)
TABLE 18 U.S. HOME TELEHEALTH SYSTEM MARKET, THROUGH 2020 ($ MILLIONS)
TABLE 19 EUROPEAN HOME TELEHEALTH SYSTEM MARKET, THROUGH 2020 ($ MILLIONS)
TABLE 20 OTHER GEOGRAPHICAL MARKETS FOR HOME TELEHEALTH SYSTEMS, THROUGH 2020 ($ MILLIONS)
Home Telehealth Market Potential
ELDER-CARE SAFETY-MONITORING
TABLE 21 GLOBAL ELDER-CARE SAFETY-MONITORING TECHNOLOGY MARKET BY REGION, THROUGH 2020 ($ MILLIONS)
TABLE 22 U.S. ELDER SAFETY-MONITORING TECHNOLOGY MARKET BY TYPE, THROUGH 2020 ($ MILLIONS)
TABLE 23 EUROPEAN ELDER SAFETY-MONITORING TECHNOLOGY MARKET BY TYPE, THROUGH 2020 ($ MILLIONS)
TABLE 24 OTHER GEOGRAPHICAL MARKETS FOR ELDER SAFETY-MONITORING TECHNOLOGY BY TYPE, THROUGH 2020 ($ MILLIONS)
Elder-Care Safety-Monitoring Technology by Type
Assist-Call Technology
TABLE 25 U.S. ASSIST-CALL TECHNOLOGY MARKET, THROUGH 2020 ($ MILLIONS)
TABLE 26 EUROPEAN ASSIST-CALL TECHNOLOGY MARKET, THROUGH 2020 ($ MILLIONS)
TABLE 27 GLOBAL ASSIST-CALL TECHNOLOGY MARKET BY REGION, THROUGH 2020 ($ MILLIONS)
Smart Home Technology
TABLE 28 GLOBAL SMART HOME TECHNOLOGY MARKET BY REGION, THROUGH 2020 ($ MILLIONS)
Smart Mobility Technology
TABLE 29 GLOBAL SMART MOBILITY TECHNOLOGY MARKET, THROUGH 2020 ($ MILLIONS)
PROJECTED SAVINGS
SAVINGS BY REDUCED ACUITY OF CARE
TABLE 30 POTENTIAL COST SAVINGS ATTRIBUTABLE TO POSTPONING RESIDENTIAL CARE ($ BILLIONS)
PROJECTED SAVINGS BY APPLICATION
Medication-Management Technologies
TABLE 31 U.S. POTENTIAL SAVINGS FROM USE OF MEDICATION-MANAGEMENT TECHNOLOGY*, 2010 (%/$ MILLIONS)
Safety-Monitoring Technologies for Fall Prevention
TABLE 32 U.S. POTENTIAL HOSPITAL AND EMERGENCY ROOM SAVINGS FROM SAFETY-MONITORING TECHNOLOGY RELATING TO FALLS*, 2013 (%/$ MILLIONS)
Telehealth Technology
FIGURE 10 U.S. POTENTIAL SAVINGS IN HOSPITAL EXPENDITURES FOR THE CHRONICALLY ILL FROM USE OF HOME TELEHEALTH TECHNOLOGY ($ BILLIONS)
CHAPTER 5 TECHNOLOGY
INTEROPERABILITY
STANDARDS
STANDARDS ORGANIZATIONS
Association for the Advancement of Medical Instrumentation
Association for Automatic Identification and Mobility
American Telemedicine Association
ANT Wireless
ASTM Intl.
Bluetooth
Clinical and Laboratory Standards Institute
Code Division Multiple Access
CEN
Connectivity Industry Consortium
Continua Health Alliance
eHealth-INTEROP
European Patient Smart Open Services
Global System for Mobile Communications
HIT Policy Committee, Health and Human Services
HIT Standards Panel
HL7
Health Information and Management Society
Institute of Health Education
International Telecommunications Union
National e-Health Collaborative
USB
Wi-Fi
WiMAX
West Wireless Health Institute
ZigBee
NATIONAL PLATFORMS
SENSORS
PATENT ANALYSIS
PATENTS BY TECHNOLOGY TYPE
TABLE 33 U.S. ELDER-CARE TECHNOLOGY PATENTS ISSUED BY TECHNOLOGY, 2005-MAY 2015 (NUMBER/%)
CHAPTER 6 INDUSTRY STRUCTURE
GENERAL BUSINESS IMPRESSION
COMPANY PROFILES BY TECHNOLOGY
HOME TELEHEALTH
1Tempus Health Management Solutions
3M
A&D Medical
Abbott
Aerotel Medical Systems
Aethra
Alere
Alere Connect
Alive Technologies
All Medicus Co. Ltd.
American TeleCare
Biotronik SE & Co. KG
BL Healthcare
BodyTel Europe GmbH
Bosch USA
Bosch+ Sohn GmbH U. Co. KG
Boston Scientific
Broomwell Healthwatch Ltd.
Cambridge Consultants
Cardiocom
CardioNet Inc.
Care2Wear A/S
Carematix Inc.
Continuity Health
Corscience GmbH & Co. KG
Corventis
Cybernet Systems Corp.
eDevice
Eurotech
FORA Care Inc.
TaiDoc
H3 System
HMD BioMedical Inc.
Honeywell Life Care Solutions
IBM
Ideal Life Inc.
Infopia Co. Ltd.
Infopia USA
Intel
InterComponentWare AG
IntraMed
I-SENS
IVT Corp.
KORE Telematics Inc.
Lifeclinic Intl. Inc.
LifeScan Products, LLC
LifeWatch AG
LifeWatch Technologies Inc.
LifeWatch Services Inc.
Maestros Mediline Systems Ltd.
Medic4All
Medtronic
Medtronic Diabetes
Medvivo Group Ltd.
Mega Electronics Ltd.
MIR Medical International Research USA Inc.
Nipro Diagnostics Inc.
NMT Inc.
Nonin Medical Inc.
nSpire Health Inc.
Numera
OBS Medical
Omron Healthcare Inc.
Omron USA
Orange S.A.
Philips Healthcare
Polymap Wireless LLC
QRS Diagnostic
RDSM N.V.
Roche Diagnostics U.S.
ScottCare Corp.
Sedona Strategies LLC
SHL Telemedicine
Sorin SpA
Sotera Wireless Inc.
Spacelabs Healthcare
St. Jude Medical Inc.
TechMedic International B.V.
Telus
Tynetec Ltd.
Visual Telecommunications Network Inc.
Vitalograph Ltd.
Vitaphone GmbH
Viterion Corp.
Vodafone Group Plc
ZydacroN Austria GmbH
ASSIST-CALL TECHNOLOGY
Aid-Call, Plc
Aiphone Corp.
Alarm Electronics Manufacturing Co. Inc.
AlarmForce Industries
Alert One Services LLC
Amcest Nationwide Monitoring
August Development Corp.
Austco Marketing & Service (Canada) Ltd.
Best Teleprodukter AB.
Bosch Security Systems
Care Electronics Inc.
CISCOR International LLC
Cornell Communications Inc.
Crest Healthcare Supply
Critical Alert Systems LLC
Curbell Medical Products Inc.
Digital Care Systems Inc.
First Alert Professional Security Systems
GE Healthcare
Healthsense
Heritage MedCall Inc.
IgeaCare Systems Inc.
Intercall Systems Inc.
InterPage
Jeron Electronic Systems Inc.
LogicMark LLC
Matrix Interactive LLC
Mircom
MobileHelp
Moked Enosh Intl. Ltd.
Mytrex Inc. d/b/a Rescue Alert
Nortek Security & Control LLC
Philips Lifeline
Rauland-Borg Corp.
RF Technologies
Silversphere
SmartLink Intl. Pty. Ltd.
Stanley Healthcare
Stanley Security Operations Ltd.
Status Solutions
Systems Technologies Inc.
Tech Works
TekTone Sound & Signal Mfg. Inc.
Tunstall
Tyco SimplexGrinnell LP
Vigil Health Solutions Inc.
Visiplex
West-Com Nurse Call Systems Inc.
WANDER-MANAGEMENT TECHNOLOGIES
Accutech
Aerotel Medical Systems Ltd.
August Development Corp.
Buddi, Ltd.
Care Electronics Inc.
Care Trak Intl.
Clarity Communication Systems Inc.
Cornell Communications Inc.
Ekahau
Everon Oy/Ab
Jeron Electronic Systems Inc.
LiveViewGPS Inc.
LSC Locator Systems Intl. Corp.
MobileHelp
Omnilink Systems
Alzheimer's Association
Philips Senior Living Solutions
Secure Care Products Inc.
Wander Control Systems Inc.
SMART HOME TECHNOLOGIES
Bath Institute of Medical Engineering
CASAS Project
Control4
Duke Smart Home Program
Georgia Institute of Technology
GrandCare Systems LLC
Home for Life Solutions
Massachusetts Institute of Technology
Medical Automation Research Center
Oregon Health & Science University
Smart Homes
University of Colorado
University of Florida Gator-Tech Smart House Project
University of Missouri Center for Eldercare and Rehabilitation
Technology
FALL-MANAGEMENT TECHNOLOGIES
210 Innovations
Aid Call Ltd.
AlarmNet
AliMed Inc.
Bosch Security Systems Inc.
BrickHouse Security
Chubb
Ciscor Acquisitions LLC
Curbell Medical Products Inc.
D.C.T. Associates Pty. Ltd.
Eclipse Nursecall Systems Ltd.
Embedded and Reconfigurable Systems Lab
iLife Technologies Inc.
Institute for Infocomm Research (I2R)
J.T. Posey Co.
Medpage Limited T/A Easylink UK
Mondial Lifeguard Technologies
Nurse Assist Inc.
Personal Safety Corp.
RF Technologies
Rondish Co. Ltd.
Skil-Care
Smart Caregiver Corp.
Tunstall Healthcare Ltd.
Tynetec Ltd.
Ultimate Safety Inc.
Visonic Ltd.
MEDICATION-MANAGEMENT TECHNOLOGIES
Arteric
CompuMed Inc.
Database Systems Corp.
E-Pill LLC
Global Assistive Devices Inc.
Innovative Product Source LLC
INRange Systems Inc.
MedCenter Systems LLC
MedMinder Systems Inc.
MedReady Inc.
Philips Lifeline
Roland Inc.
SIMpill
TabSafe Medical Services Inc.
Vaica Medical Ltd.
Vitality Inc.
VRI
WatchMinder
SMART MOBILITY DEVICES
Applied AI Systems Inc.
CASE Lab
Cyber North
Cyberdyne Inc.
Fraunhofer Institute for Manufacturing Engineering and Automation IPA
Gecko Systems
GRASP Laboratory
Honda Motor Co. Ltd.
KISS Institute for Practical Robotics
Medical Automation Research Center
National Rehabilitation Center for Persons with Disabilities
Panasonic
ReWalk Robotics Ltd.
Robosoft
Robotic, Perception and Real Time Group
Robust Robotics Group
TopChair SAS
Toyota Motor Corp.
Veda International Robot Research and Development Center
SENSORS
Bosch Sensortec GmbH
Corscience GmbH & Co. KG
Freescale Semiconductor Inc.
GE Measurement and Control Solutions
Linx Technologies Inc.
MicroStrain Inc.
Murata Electronics Oy
Omron Electronic Components LLC
ON Semiconductor
Shimmer Research
STMicroelectronics
Vermed Inc.
Xsens Technologies B.V.

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