Global Long-term Care and Home Healthcare Technologies Markets to 2022

Global Long-term Care and Home Healthcare Technologies Markets to 2022 | Market Research Report Summary It’s a well-known fact that the global population is aging. More precisely, there are an increasing number of seniors in the total population. According to the 2017 World Population Data Sheet from the Population Reference Bureau, July 2017, REDACTED of the world population is aged 65 and above. In more developed parts of the world, the percentage was as high as REDACTED including REDACTED in Japan and REDACTED in the United States.

The large and growing geriatric population worldwide is fueling the demand for elder health care products and technologies.

Elder care technologies are broadly defined as products and systems that increase the health status and quality of life for seniors.

Global Elder Care Technologies Market by Technology Type Elder Care Home Tele-Health Technologies:

Home tele-health is the use of technology to deliver care in a patient’s place of residence.

Home tele-health includes monitoring of the patient’s physiological parameters and symptoms as well as education about the patient’s condition. Using home tele-health, a senior can stay connected to a healthcare professional or caregiver from home, using regular telephone lines, the internet and cellphones.

Elder Care Safety-Monitoring Technologies

Safety monitoring systems represent the intersection of high-tech gadgetry and medicine to maintain the well-being of seniors at home or on the go. Mr. H. Roshan (a physiotherapist from Ahmed Orthopedic Hospital) says, “Various safety aids have given advantages to older patients who are bedridden due to certain health problems.” In this study, safety monitoring technologies include assist-call devices, medication management products, wander management systems, fall management devices, smart home systems and robotically enhanced mobility assistance devices. These technologies increase, maintain and improve the functional capabilities, independence and safety of seniors.

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Or Get detailed information about report:​ ​Long-term Care and Home Healthcare Technologies Market The ​elder care technology industry consists of several players of all sizes, including large global companies, small regional players, tiny startup companies and universities. These include AMC Health, BioTelemetry, Inc., Boston Scientific, Biotronik SE & Co. KG, Bosch Healthcare, Care Innovations, LLC, Honeywell Life Care Solutions (part of Honeywell International), LifeWatch AG, Medtronic Plc., Omron Healthcare, Inc. (part of Omron Corp.), Philips Healthcare (part of Koninklijke Philips N.V.), St. Jude Medical, Inc., VRI, Inc. and many more.

Given the growing number of seniors, increasing life-expectancy, skyrocketing healthcare costs, growing shortage of healthcare professionals and caregivers and seniors’ preference to age in place (lead an independent and active life as long as possible), the market for elder care technologies including home tele-health and safety monitoring is growing at an exponential rate.

The demand for more practical and affordable ​elder care technologies to enhance the quality and efficiency of care is growing worldwide. According to BCC Research, the global market for elder care technology products is expected to attain revenue of REDACTED by 2022, growing at a compound annual growth rate (CAGR) of REDACTED. A previous report projected the global market for elder care technology products to grow at a CAGR of REDACTED through 2020.

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