Digital Health Industry Report

Taking Care of the Elderly Through Digital Technologies

This report analyzes how technology can be used to monitor the fragile and elderly population both in their homes and long-term care facilities. It first analyzes the market needs and interest in aging-at-home technologies, assesses the readiness of the technology itself, followed by close examination of service sectors and potential payment models. The report concludes with the author’s forecasts and recommendations for new market entrants.

“Technology has advanced home-based eldercare to a whole new level, but potential beneficiaries are still unaware of it,” said Harry Wang, analyst from Parks Associates. “There is this demand gap to fill, but a technology-stamped eldercare model has to weave through many hidden business risks to truly put the power of technology into seniors’ hands.”

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About the Sections:

The Bottom Line is a concise, executive-level summary of the current state of the market, evolutionary path, and the implications for companies doing business in this space.

The Resource Book contains a wealth of consumer survey data and company profiles—a must-have reference for product/market planning.

Table of Contents

The Bottom Line

1.0 Notes on Methodology
   1.1 Definitions
   1.2 Methodology
   1.3 Scope of Report
2.0 The Generational Burden
   2.1 The Elderly Get Older
   2.2 The Sandwiched Generation
   2.3 The Resource Crunch—Institutional Long-term Care Market
   2.4 To Age at Home
3.0 Analysis of Technology for Eldercare
   3.1 Sensor Technology
   3.2 Home Networking Technology
   3.3 Medical Device and Software
   3.4 Communication Platforms
4.0 Living Independently—the Service Aspect
   4.1 Personal Emergency Response System (PERS) Service
      4.1.1 Emergency Monitoring
      4.1.2 Behavioral Tracking
   4.2 Chronic Care Management at Home
   4.3 Retirement Communities: Market Opportunity?
   4.4 Monitoring the Elderly at a long-term Care Facility
5.0 Revenue Model and Business Plan Discussion
   5.1 Out-of-Pocket Pay: Drivers and Barriers
   5.2 Insurance Coverage: Perception and Requirements
   5.3 Private Pay and Reimbursement Medley: Any Chance?
6.0 Market Forecasts and Implications

The Resource Book

1.0 Consumer Data and Industry Background
   1.1 The Senior Population and Their Health Conditions
   1.2 Overview of the Eldercare Market
2.0 Company Profiles
   2.1 1-800-MED-ALERT
   2.2 American Medical Alarms, Inc.
   2.3 American Medical Alert Corporation
   2.4 CareGuide
   2.5 Dovetail Health
   2.6 IgeaCare Systems Inc.
   2.7 iMetrikus
   2.8 Life Alert Emergency Response, Inc.
   2.9 Link to Life
   2.10 Living Independently Group, Inc.
   2.11 Medical Alarm Concepts
   2.12 Personal Response Corp.
   2.13 Philips Lifeline
   2.14 ResponseLink (subsidiary of Pacific Pulmonary Services Corp.)
   2.15 Tunstall
   2.16 ViTelNet /ViTelCare

Attributes

Authored by Harry Wang
Executive Editor: Tricia Parks
Published by Parks Associates

© September 2008 Parks Associates Dallas, Texas 75230
All rights reserved. No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher.
Printed in the United States of America.

Disclaimer: Parks Associates has made every reasonable effort to ensure that all information in this report is correct. We assume no responsibility for any inadvertent errors.

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