Smart Homes Open Up New Approaches For Healthcare Delivery
“As healthcare shifts from reactive to proactive care, a huge market is opening up for automation products that can help deliver health and wellness services through smart homes. The ubiquity of broadband connectivity, development of smart sensors, and the decreasing costs of devices have already made it possible to offer aging-in-place, chronic disease management, and post-acute care services in smart homes. However, digital health vendors are striving to take telehealth to the next level by developing solutions that will allow care givers to check on the health of all the residents of the house, not just the patient’s, monitor diet and nutrition, the environment, and overall wellness, and be integrable with existing and newer systems.
Patients are conscious of their health quotient and want to be involved in the wellness and disease management,” said Sowmya Rajagopalan Global Program Director Transformational Health. “With consumerization of healthcare, enabling patients to clinically manage their disease at home has been of crucial importance for care providers and OEMs today as they have made this a reality with the launch of innovation in design, devices, services, and solutions.”
Frost & Sullivan’s recent analysis, Vision 2025—Healthcare in the Smart Home, examines the concept of a smart home delivering healthcare. It segments all the resident profiles and lists the individual health needs that are relevant to healthcare delivery in the home. It also highlights the key companies in this space as well as the major business models and future evolution trends. It covers the technologies of home automation, voice virtual assistants, Artificial Intelligence (AI), and analytics. The health and wellness segment of connected homes market revenues was $6.67 billion and it is expected to grow to $22.26 billion by 2022, at a compound annual growth rate (CAGR) of 27.3% between 2017 and 2022.
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