Friday, November 11, 2016
For centuries, doctors have had a commanding role in healthcare delivery. The entry of the modern health insurance industry forced doctors to mind their service delivery costs and operate by the access rules created by health insurers through negotiated network contracts between insurers and doctors. The result of this system has been a neglect of consumers’ say and a limitation of their choices in their own health management, until now.
Two macro elements have helped usher in a new ...read more
Monday, September 12, 2016
Parks Associates wrapped up the third-annual Connected Health Summit: Engaging Consumers in San Diego this week, hosting close to 300 executives and featuring more than 50 speakers, including keynotes from Annette Brüls, President, Diabetes Service and Solutions at Medtronic; Alex Hurd, Senior Director, Product Development, Growth and Payer Innovation – Health & Wellness at Walmart; Dr. David Rhew, Chief Medical Officer and Head of Healthcare and Fitness of Samsung ...read more
Thursday, August 18, 2016
The number of caregivers will greatly increase in the next five years as the baby boomer generation ages; over 115 million Americans will need caregiving assistance by 2020, either as care recipients or family caregivers. Currently, 8% of U.S. broadband households provide care to a family member and an additional 14% anticipate doing so by 2021.
Friday, July 29, 2016
Personal safety devices that track a user’s location and send alerts for emergency assistance stand as a unique opportunity for wearable technologies. Underlying health issues like stroke or conditions requiring multiple medications, the potential for injuries or falls during personal activities, or impaired cognitive capabilities such as Alzheimer’s can cause personal safety concerns.
The personal emergency response system (PERS) has a wearable component by default. PERS solutions ...read more
Tuesday, June 21, 2016
Parks Associates consumer research reports 11% of U.S. broadband households with children have a smart watch, and 16% plan to buy one by mid-year 2016. Ten percent of Spanish broadband households own a smart watch, followed by 8% in the UK, 7% in Germany, and 6% in France.
The expansion of mobile device platforms to wearable form factors is creating many opportunities for developers to build services and applications for wearables in ...read more
Tuesday, May 10, 2016
The disease management (DM) industry, which focuses on reducing or delaying the use of expensive treatments or costly procedures, has passed its prime time as a unique approach to controlling escalating costs attributed to chronic conditions. It worked on the “sickest of the sick.” But as patient conditions progressed and engagement levels decreased, it gradually lost its effectiveness. The industry hit a growth ceiling when health clients no longer found that cost savings justified the ...read more
Tuesday, April 19, 2016
The smart home industry focuses on consumer use cases that charge a recurring monthly fee as the default revenue model for service providers. Equipment manufacturers usually earn revenues from product sales. Smart home platform providers can offer a technology license to their platform customers, or charge a monthly fee based on platform usage. Connected health solution providers can still leverage these revenue models when selling their solutions and services to enterprise ...read more
Wednesday, March 16, 2016
There is a large market opportunity for health services that cater to consumers’ healthy living needs. Overall, about half of Americans participate in at least one health or wellness service—one in four has a fitness club membership; one in seven is in a diet and nutrition program; and a similar percentage are participants of a weight loss program. Less popular programs include alcohol management, tobacco cessation and cognitive training courses. These programs may be funded by ...read more
Thursday, February 25, 2016
According to Parks Associates estimates, about two-thirds of the American population is either overweight or obese. Additionally, 26 million Americans suffer from type I or type II diabetes, almost 14 million have severe chronic respiratory problems such as COPD, and 68 million have been diagnosed with hypertension.
These chronic health problems degrade consumers' quality of life and add significant cost burdens to the U.S. economy. However, modern wearable technologies have opened the ...read more
Tuesday, December 22, 2015
Extending a smart home platform to support connected health applications and services is a natural pathway forward for most smart home platform providers. Consumers spend less than 1% of their time interacting with the healthcare system; home, on the other hand, is where consumers spend most of time with their family, care for themselves and others, and enjoy life—food, drink, exercise, sleep—all experiences that also impact their health and wellbeing. With broadband Internet connection ...read more
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