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Predictive Health Monitoring and Intelligent Assistance Drive the Industry’s Innovation Culture
World Health Organization statistics state that by 2030, one out of six people will be 60 years of age or more. The aged population will likely increase from 1 billion in 2020 to 1.4 billion in 2030 and 2.1 billion by 2050. The senior population typically experiences a gradual decrease in physical and mental capacity. This causes a high disease and socioeconomic burden on patients and the healthcare system. There is a need for innovative solutions to promote active and independent aging for older people.
In this report, Frost & Sullivan profiles innovations in remote health monitoring and health assistive technologies such as wearables and contactless monitoring, virtual or robotic health assistant, and smart pill dispensers. Our analysis shows the integration of digital technologies, such as artificial intelligence and machine learning, and the internet of things-enabled solutions to make monitoring and assistance intelligent and proactive.
The report also covers innovations around each technology segment, enabling technologies, industry initiatives and trends, and patent analysis. Other vital information includes:
• Drivers and restraints for the industry and technologies
• Research efforts in the elderly care space, particularly in health monitoring and assistive technologies
• Notable players leading industry trends
• Acquisitions, partnerships, funding, and new business models for the elder care space
Most importantly for stakeholders, the report offers several growth opportunities in elderly care innovations they can explore and capture over the next few years.
Why Is It Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Elderly Care Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Research Methodology
Social and Demographic Changes Drive the Elderly Care Industry
Top Countries With the Largest Aging Population
Regional Trends of the Aging Population
The Need for Elderly Care Solutions
Segmentation of Elderly Care Solutions
Technology Segmentation for the Elderly Care Industry
How Technologies Enable Healthy Aging for the Elderly
Industry Growth Drivers
Technology Growth Drivers
Industry Growth Restraints
Technology Growth Restraints
Scope of Analysis
Overview of Health Monitoring in the Elderly
Health-monitoring Devices Integrated into Elderly Care
Wearables for Health Monitoring
Contactless Health-monitoring Devices
Benefits and Challenges of Health-monitoring Technologies
Unobtrusive, Remote Monitoring Solutions for At-home Senior Care
Senior Care Wearables for Detecting Falls and Behavioral Changes
Key Elderly Care Health-monitoring Technologies Under Clinical Development
Key Elderly Care Health-monitoring Technologies Under Clinical Development (continued)
Overview of Assistive Technologies for the Elderly
Virtual Assistants
Robotic Assistance
Intelligent Pill Dispenser
Emerging Virtual Assistants
Assistive Robots for Elders with Mobility Issues
Intelligent Pill Dispenser Innovations
Key Elderly Care Assistive Technologies Under Clinical Development
Key Elderly Care Robotic Assistive Technologies Under Clinical Development
Key Elderly Care Pill Dispenser Technologies Under Clinical Development
Digital Technology Innovations Around Elderly Care—Use of AI
Innovations Around Virtual Assistant for Elderly—Use of IoT and mApps
Analysis of Digital Elderly Care Monitoring and Assistance Devices
Business Models Focusing on Home Care and Collaboration with Technology Partners
Upcoming Business Model for Elderly Care—Healthcare Providers Collaborating with Technology Providers
Funding and Investment Analysis for Companies in the United States
Funding and Investment Analysis for Companies in Europe and Asia
Industry Initiatives—Partnerships for Technology Adoption for Ensuring Healthy Aging
Industry Initiatives—Mergers and Acquisitions to Tap the Multibillion-Dollar Elderly Care Market
Regional Insights of Elderly Care Innovation
Patent Analysis of Elderly Healthcare Monitoring and Assistive Techs
Patent Analysis of Elderly Healthcare Monitoring and Assistive Technologies (continued)
Growth Opportunity 1: Integration of Digital Biomarkers for Predictive and Preventive Care
Growth Opportunity 1: Integration of Digital Biomarkers for Predictive and Preventive Care (continued)
Growth Opportunity 2: Efficient Elderly Care Management Plans Using Technology
Growth Opportunity 2: Efficient Elderly Care Management Plans Using Technology (continued)
Growth Opportunity 3: Convergence of Digital Assistants and Assistance Robots Through Interoperable Data
Growth Opportunity 3: Convergence of Digital Assistants and Assistance Robots Through Interoperable Data (continued)
Key Patents
Key Patents (continued)
Technology Readiness Levels (TRL): Explanation
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| Deliverable Type | Technology Research |
|---|---|
| Author | Debarati Sengupta |
| Industries | Healthcare |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Elderly Monitoring System |
| Keyword 2 | Elderly Care Technology |
| Keyword 3 | Elderly Care Services Market |
| Podcast | No |
| WIP Number | DA93-01-00-00-00 |
Technology Advances and Growth Opportunities in Elderly Care
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