Navigation Links
BCC Research Publishes a New Report on Global Markets for Long-Term and Home Health Care
Date:9/16/2013

Wellesley, MA (PRWEB) September 16, 2013

According to a new technical market research report, Technologies for Long-Term Care and Home Healthcare: Global Markets from BCC Research (http://www.bccresearch.com), the global market for elder-care technology products was valued at $2.7 billion in 2012 and is expected to reach $3.2 billion by 2013. BCC Research projects the market to reach nearly $7.2 billion by 2018, and register a compound annual growth rate (CAGR) of 17.7%.

According to BCC Research, the national health expenditure in the U.S. was approximately $2.8 trillion in 2012, as compared to $2.5 trillion in 2010. In large part, these spending increments are attributable to an aging society. Moreover, the amount spent on healthcare for older Americans is three to five times greater than the cost of care for someone under age 55.

Seniors overwhelmingly want to age in place, but family members living far away worry about their elderly relatives living alone. Advances in communications and information technology (IT) have created products that make remote monitoring feasible. Smart phones, personal digital assistants (PDAs), and wireless networks are everywhere, including within seniors’ homes. These technologies carry both economic and emotional appeal to caregivers and the elderly.

Broadly defined, elder-care technologies are products and systems that increase the health status and quality of life for seniors. Information and communication technologies can augment the quality and efficiency of care provision, thus improving both the aging and care giving experience. In addition, monitoring technologies have the potential to improve safety for older citizens, manage their health, and assist them in maintaining their independence.

Elder-care technologies include two groups of monitoring systems: home telehealth and safety monitoring. Home telehealth is the use of technology to deliver care in patient’s residence and includes the monitoring of the patient’s physiological parameters and symptoms, as well as education about the condition. Safety monitoring includes assist-call devices, medication-management products, wander-management systems, fall-management devices, smart-home systems, and robotically enhanced mobility-assistance devices. These technologies hold the promise of enormous cost savings for the healthcare system by enhancing the ability of providers to provide timely intervention prior to a deterioration point of acute care.

This comprehensive business report examines the potential market for elder-care technologies, specifically home telehealth and safety monitoring. The study includes sections on descriptions of home telehealth and safety-monitoring technologies and the 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; and in-depth information on industry players.

This comprehensive report is intended for anyone interested in the elder-care and remote-technology markets. Executives, consultants, trade associations and marketing professionals, manufacturers and distributors in the medical device industry, machine-to-machine industry, health insurance industry, long-term care industry, health information technology industry, superconductor industry, and the broadband and wireless communications industry will benefit from the information included this report. In addition, payers, stock analysts, venture capital (VC) funders and investors interested in opportunities in the general healthcare industry, or expanding markets for cellular and wireless communications services will also benefit from the study of this report.

Read the full story at http://www.prweb.com/releases/2013/9/prweb11120867.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. UK Cyber Liability Insurance Market Trends with 2017 Forecasts in New Research Report at RnRMarketResearch.com
2. Approved cancer drug potentially could help treat diabetes, Stanford researchers find
3. Global Telemedicine and M-Health Convergence Market 2019 Forecast and Analysis in New Research Report at ReportsnReports.com
4. BCC Research Publishes a New Report on Separation Systems for Commercial Biotechnology Markets
5. Saudi Arabia Pharmaceutical Market Sales at US$7B by 2018 Forecasts a New Research Available at MarketReportsOnline.com
6. Gym and Exercise Equipment Manufacturing in the US Industry Market Research Report from IBISWorld Has Been Updated
7. China Orthopedic Instrument Market 2013 Analysis & 2015 Forecasts in New Research Report at RnRMarketResearch.com
8. Chinese Contract Research Organization Market (CRO) 2013 Analysis in New Research Report at RnRMarketResearch.com
9. Join the Fight Against Brain Tumors & Get Healthy at the Brain Tumor Run for Research 5k on October 19th
10. Biologic Treatment of Rheumatoid Arthritis Is Low in Brazil, According to Kantar Health Research
11. Pradaxa Bleeding Lawsuits Help: Resource4thePeople Reports another Medical Research Study Finds Increased Bleeding Risks
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... ... June 27, 2016 , ... ... professionals, announced today its affiliation with Tennessee Counseling Association. This new ... network of the Tennessee Counseling Association, adding exclusive benefits and promotional offers. , ...
(Date:6/26/2016)... , ... June 26, 2016 , ... On June 10-11, ... of the 2016 Cereal Festival and World’s Longest Breakfast Table in Battle Creek, MI, ... the city’s history as home to some of the world’s leading providers of cereal ...
(Date:6/25/2016)... Washington, D.C. (PRWEB) , ... June 25, 2016 ... ... will discuss health policy issues and applications at AcademyHealth’s Annual Research Meeting June ... share their work on several important health care topics including advance care planning, ...
(Date:6/25/2016)... Long Beach, CA (PRWEB) , ... June 25, 2016 , ... ... from UCLA with Magna Cum Laude and his M.D from the David Geffen School ... San Diego and returned to Los Angeles to complete his fellowship in hematology/oncology at ...
(Date:6/24/2016)... ... 24, 2016 , ... Those who have experienced traumatic events may suffer from ... avenues, such as drug or alcohol abuse, as a coping mechanism. To avoid this ... coping following a traumatic event. , Trauma sufferers tend to feel a range of ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... Va. , June 24, 2016 The ... set of recommendations that would allow biopharmaceutical ... (HCEI) with entities that make formulary and coverage decisions, ... the "value" of new medicines. The recommendations ... does not appear on the drug label, a prohibition ...
(Date:6/24/2016)... , June 24, 2016 ... Market by Type (Standard Pen Needles, Safety Pen Needles), ... (Insulin, GLP-1, Growth Hormone), Mode of Purchase (Retail, Non-Retail) ... MarketsandMarkets, This report studies the market for the forecast ... to reach USD 2.81 Billion by 2021 from USD ...
(Date:6/23/2016)...  MedSource announced today that it has selected ... of choice.  This latest decision demonstrates MedSource,s commitment ... clients by offering a state-of-the-art electronic data capture ... as the EDC platform of choice in exchange ... has long been a preferred EDC platform by ...
Breaking Medicine Technology: