Vision 2025—Healthcare in the Smart Home

Vision 2025—Healthcare in the Smart Home

Opportunities Lie in the Integration of Big Data, AI, Aging-in-Place, Disease Management, and Wellness to Optimize a Single Consumer Health Platform

RELEASE DATE
27-Jun-2018
REGION
Global
Research Code: K247-01-00-00-00
SKU: HC03033-GL-MR_22046

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Description

Smart homes are no longer an emerging concept. Consumers are not only warming up to the idea but also buying home automation products. Smart speakers seem to be the favorite, with sales jumping from a meager 6 million units in 2016 to a whopping 33.2 million units in 2017. The developing ecosystem of home automation products that each of these current smart speakers provides is encouraging the sale of related lighting, energy and home security products.

Growing alongside this trend is the potential for healthcare services to be provided in a smart home. In fact, several health services being can be integrated with existing smart home infrastructure: telehealth, remote patient monitoring, simple medication reminders, or answers to health information queries. But the true potential of a smart home that offers care lies in identifying the unique health needs of each individual residing in a home—from infants or the elderly—and serving those unique needs simultaneously.

In the future, the true smart home (which will evolve from the current ‘connected home’), and the further evolved ‘intelligent homes’ will be able to do this with ease, and monitor the entire health and wellness of all residents enabling a proactive approach to care, instead of reactive. For now, the homes can serve the needs of aging-in-place, chronic disease management and post-acute care. Naturally, the current ecosystem is somewhat fragmented, operating in silos. However, a platform integration of multiple health-related services with other non-health, consumer related services will be the next step for most vendors serving this space; for example, motion sensors can automatically turn up the lights for senior grandmother in an aging-in-place scenario.


Research Highlights

This study covers the concept of a smart home delivering healthcare, including the services, framework and the technology stack. It also delineates all of the resident profiles and their individual health needs that a smart home must cater to. For each of the application segments mentioned earlier, it covers the features a smart home must have to provide services for those segments. In addition, regional trends and statistics on current connected home penetration across the world have been included. Revenue forecasts for the overall smart home, as well as for the health and wellness ecosystem are provided. In addition to the ecosystem for a care delivering smart home, a spotlight on the key companies to watch in this space has been included. Finally, analyst commentary on business models, future evolution and a glimpse of the smart home providing care has been covered.

Key Issues Addressed

  • Are we really in the age of smart homes? What is the level of consumer interest in the concept? What should a Smart Home Tech Stack comprise for enabling healthcare services?
  • Which healthcare services can be delivered in the smart home, and how will they evolve? What trends are affecting these developments?
  • What are the resident profiles, and their unique health needs in a smart home, that the care delivery services must cater to?
  • Which care delivery segments can be served by a smart home healthcare service, and what features must smart homes have to enable such services?
  • What is the level of regional readiness for smart homes healthcare services? How does that compare to the existing smart home penetration across the world?
  • Who are the players in this ecosystem, which are the key companies to watch? What business models can be leveraged in this space? What does an ideal smart home delivering care look like?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Key Findings

Scope and Segmentation

CEO’s Perspective

Key Companies to Watch

Executive Summary—3 Big Predictions

Market Background

Healthcare Industry Focusing on Prevention and Wellness

Care Delivery Moving to the Home Environment

Interest in Tracking Health Information is High

Health-Related Smart Home Devices

Interest in Home Automation for Health Varies with the Age Group

Demand for Connected Home Automation Products Exists

Demand for Intelligent Assistants is High

Smart Speaker Sales are Soaring, Pointing to Higher Adoption for Home Automation Solutions

Homes Evolving to the Smart Home and Beyond

Connected and Smart Home Layout

Smart Home Technology Stack

Smart Home for Health and Wellness Framework

Smart Home Healthcare Experience—Consumers

Smart Home Healthcare Services

Evolution of Healthcare Services for the Smart Home

Healthcare Services in the Smart Home—Definitions

Trends for the Smart Home Healthcare Market

Note on Persona Profiles

Smart Homes Must Cater to Care Needs of All Resident Profiles

Providing Healthcare for Smart Home Residents

Smart Home User Profiles—Key Takeaways

Healthcare Applications in a Smart Home

Aging in Smart Homes

Demand for Aging-in-Place

Aspects of Aging in Smart Home

Smart Home Features for Aging-in-Place

Chronic Disease Management in the Smart Home

Challenges with Chronic Disease Prevention and Management

Requirements for Chronic Disease Management in the Smart Home

Smart Home Features for Chronic Disease Management

Post-Acute Care in the Smart Home

The Importance of Post-Acute Care

Requirements for Post-Acute Care in the Smart Home

Smart Home Features for Post-Acute Care

Maternal and Infant Health Care in the Smart Home

Challenges in Maternal and Infant Health Management

Requirements for Maternal and Infant Health Management in the Smart Home

Smart Home Features for Maternal and Infant Health Management

Smart Homes for the Physically and Intellectually Disabled

Challenges for the Physically and Intellectually Disabled

Smart Home Requirements for the Physically and Intellectually Disabled

Smart Home Features for the Disabled

Health and Wellness in Smart Homes

Growing Importance of Health and Wellness

Exploring Health and Wellness Areas

Smart Home Features for Health and Wellness

Glimpse of the Healthcare Delivering Smart Home

Aging-in-Place, Chronic Disease Management Scenario

Post-Acute Care, Health and Wellness Scenario

Maternal and Infant Health, Health and Wellness Scenario

Regional Readiness Assessment

Global Connected Home Penetration

Revenue Forecast

Revenue Forecast by Segment

Health and Wellness Segment Revenue Forecast

Smart Homes—Detailed Solution Segmentation

The Smart Home Healthcare Ecosystem

The Smart Home Healthcare Application Ecosystem

Key Companies to Watch—Alphabet (nee Google)

Key Companies to Watch—Apple

Key Companies to Watch—Amazon

Key Companies to Watch—Samsung

Key Companies to Watch—Philips

Key Companies to Watch—Microsoft

Key Companies to Watch—Deutsche Telekom

Key Companies to Watch—Xfinity by Comcast

Key Companies to Watch—AT&T

Industry Value Chain and Business Models

Prevalent Business Models—Smart Homes

Emerging Business Models—Smart Homes

Prevalent and Emerging Business Models—Healthcare

Convergence of Industry Business Models

Strategies To Improve Consumer Adoption

Healthcare Consumer Purchase Decision Influencers

Advantages for Stakeholders in the Smart Home Healthcare Market

Business Models Leveraging Data from Smart Homes

Envisioning the Future with Smart Homes

Smart Home Healthcare Products Evolution

Product Evolution to Support Smart Homes

Smart Homes Healthcare Ecosystem Evolution

Smart Homes Integrating in Larger Healthcare Ecosystems

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Learn More—Next Steps

List of Exhibits

List of Figures
  • 1. Top 10 Countries by Connected Home Penetration, Global, 2017
  • 2. Bottom 10 Countries by Connected Home Penetration, Global, 2017
  • 3. Connected Home Penetration (Alphabetical Order), Global, 2017
  • 4. Smart Homes Market: Evolution of Products, Global, 2017
List of Charts
  • 1. Healthcare Market: Shifting Healthcare Spend Across Care Continuum, Global, 2017
  • 2. Healthcare Market: State of Care Delivery, Global, Past and Present
  • 3. Actions Taken to Improve Health in the Last 2 Years, US, 2015
  • 4. Smart Home Market: Current Motivation for Purchasing Smart Home Devices, US, 2017
  • 5. Smart Homes Market: Survey Respondents Excited About Future Smart Home Technologies that Improve Overall Health, US, 2017
  • 6. Willingness to Buy Connected Home Environment Solutions, North America, 2018
  • 7. Interest in Home Health Network by Age Group, North America, 2018
  • 8. Smart Devices Owned or Would Like to Own, North America, 2017
  • 9. Demand for Intelligent Assistants, North America, 2017
  • 10. Smart Speaker Unit Sales, Global, 2016–2018
  • 11. Smart Homes Market: Evolution Toward the Smart Home, Global, 2017
  • 12. Smart Home Layout, Global, 2017
  • 13. Smart Home Healthcare Market: Essential Healthcare Components, Global, 2017
  • 14. Smart Home Healthcare Market: Ownership of Smart Health Monitoring Devices, North America, 2018
  • 15. Smart Home Healthcare Market: Common Healthcare Services in the Smart Home, Global, 2017
  • 16. Smart Home Healthcare Market: Evolution of Healthcare Services in the Smart Home, Global, 2017
  • 17. Smart Home Healthcare Market: Impact of Top 10 Trends, Global, 2017
  • 18. Smart Home Healthcare Market: Healthcare Applications in the Smart Home, Global, 2017
  • 19. Population Distribution by Age Group, Global, 2015 and 2025
  • 20. Proportion of Elderly Suffering from Chronic Diseases, US, 2017
  • 21. Annual Cost of Chronic Diseases, US, 2017
  • 22. Proportion of Deaths Attributed to Non-communicable Diseases, Global, 2015 and 2030
  • 23. Focus and Investment Shifting from Acute Care to Prevention, Global, 2017
  • 24. Types of Wellness in the Smart Homes Context, Global, 2017
  • 25. Smart Home Healthcare Market: Regional Readiness Assessment, Global, 2017
  • 26. Connected Home Market: Connected Home Penetration, Select Countries, 2017
  • 27. Connected Home Market: Revenue Forecast, Global, 2017–2022
  • 28. Connected Home Market: Revenue Forecast by Segment, Global, 2017–2022
  • 29. Connected Home Market: Revenue Forecast by Segment, Global, 2017–2022
  • 30. Smart Home Value Chain, Global, 2017
  • 31. Connected Homes Market: Business Models, Global, 2017
  • 32. Healthcare Industry: Comparative Analysis of B2B and B2C Models, Global, 2017
  • 33. Smart Home Healthcare Market: Potential Business Models Leveraging Data, Global, 2017
  • 34. New Product Evolution, Global, 2017
  • 35. Smart Home Healthcare Market: Smart Home Product Evolution Phases, Global, 2017
  • 36. Smart Home Healthcare Market: Ecosystem Evolution, Global, Now and Future
  • 37. Evolving Role of Smart Homes in Healthcare Delivery, Global, Present and Future
Related Research
Smart homes are no longer an emerging concept. Consumers are not only warming up to the idea but also buying home automation products. Smart speakers seem to be the favorite, with sales jumping from a meager 6 million units in 2016 to a whopping 33.2 million units in 2017. The developing ecosystem of home automation products that each of these current smart speakers provides is encouraging the sale of related lighting, energy and home security products. Growing alongside this trend is the potential for healthcare services to be provided in a smart home. In fact, several health services being can be integrated with existing smart home infrastructure: telehealth, remote patient monitoring, simple medication reminders, or answers to health information queries. But the true potential of a smart home that offers care lies in identifying the unique health needs of each individual residing in a home—from infants or the elderly—and serving those unique needs simultaneously. In the future, the true smart home (which will evolve from the current ‘connected home’), and the further evolved ‘intelligent homes’ will be able to do this with ease, and monitor the entire health and wellness of all residents enabling a proactive approach to care, instead of reactive. For now, the homes can serve the needs of aging-in-place, chronic disease management and post-acute care. Naturally, the current ecosystem is somewhat fragmented, operating in silos. However, a platform integration of multiple health-related services with other non-health, consumer related services will be the next step for most vendors serving this space; for example, motion sensors can automatically turn up the lights for senior grandmother in an aging-in-place scenario.--BEGIN PROMO--

Research Highlights

This study covers the concept of a smart home delivering healthcare, including the services, framework and the technology stack. It also delineates all of the resident profiles and their

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Table of Contents | Executive Summary~ || Key Findings~ || Scope and Segmentation~ || CEO’s Perspective~ || Key Companies to Watch~ || Executive Summary—3 Big Predictions~ | Market Overview~ || Market Background~ || Healthcare Industry Focusing on Prevention and Wellness~ || Care Delivery Moving to the Home Environment~ || Interest in Tracking Health Information is High~ || Health-Related Smart Home Devices~ || Interest in Home Automation for Health Varies with the Age Group~ || Demand for Connected Home Automation Products Exists~ || Demand for Intelligent Assistants is High~ || Smart Speaker Sales are Soaring, Pointing to Higher Adoption for Home Automation Solutions~ || Homes Evolving to the Smart Home and Beyond~ || Connected and Smart Home Layout~ || Smart Home Technology Stack~ | Smart Homes for Healthcare~ || Smart Home for Health and Wellness Framework~ || Smart Home Healthcare Experience—Consumers~ || Smart Home Healthcare Services~ || Evolution of Healthcare Services for the Smart Home~ || Healthcare Services in the Smart Home—Definitions~ || Trends for the Smart Home Healthcare Market~ | Smart Home User Profiles~ || Note on Persona Profiles~ || Smart Homes Must Cater to Care Needs of All Resident Profiles~ || Providing Healthcare for Smart Home Residents~ || Smart Home User Profiles—Key Takeaways~ | Smart Home Healthcare Application Segments~ || Healthcare Applications in a Smart Home~ | Aging-in-Place Segment~ || Aging in Smart Homes~ || Demand for Aging-in-Place~ || Aspects of Aging in Smart Home~ || Smart Home Features for Aging-in-Place~ | Chronic Disease Management Segment~ || Chronic Disease Management in the Smart Home~ || Challenges with Chronic Disease Prevention and Management~ || Requirements for Chronic Disease Management in the Smart Home~ || Smart Home Features for Chronic Disease Management~ | Post-Acute Care Segment~ || Post-Acute Care in the Smart Home~ || The Importance of Post-Acute Care~ || Requirements for Post-Acute Care in the Smart Home~ || Smart Home Features for Post-Acute Care~ | Maternal and Infant Health Segment~ || Maternal and Infant Health Care in the Smart Home~ || Challenges in Maternal and Infant Health Management~ || Requirements for Maternal and Infant Health Management in the Smart Home~ || Smart Home Features for Maternal and Infant Health Management~ | Care for Physically and Intellectually Disabled Segment~ || Smart Homes for the Physically and Intellectually Disabled~ || Challenges for the Physically and Intellectually Disabled~ || Smart Home Requirements for the Physically and Intellectually Disabled~ || Smart Home Features for the Disabled~ | General Health and Wellness Segment~ || Health and Wellness in Smart Homes~ || Growing Importance of Health and Wellness~ || Exploring Health and Wellness Areas~ || Smart Home Features for Health and Wellness~ | Health and the Smart Home—Future Concept Scenario~ || Glimpse of the Healthcare Delivering Smart Home~ || Aging-in-Place, Chronic Disease Management Scenario~ || Post-Acute Care, Health and Wellness Scenario~ || Maternal and Infant Health, Health and Wellness Scenario~ | Regional Trends~ || Regional Readiness Assessment~ || Global Connected Home Penetration~ | Revenue Forecasts~ || Revenue Forecast~ || Revenue Forecast by Segment~ || Health and Wellness Segment Revenue Forecast~ | Smart Home Healthcare Ecosystem~ || Smart Homes—Detailed Solution Segmentation~ || The Smart Home Healthcare Ecosystem~ || The Smart Home Healthcare Application Ecosystem~ || Key Companies to Watch—Alphabet (nee Google)~ || Key Companies to Watch—Apple~ || Key Companies to Watch—Amazon~ || Key Companies to Watch—Samsung~ || Key Companies to Watch—Philips~ || Key Companies to Watch—Microsoft~ || Key Companies to Watch—Deutsche Telekom~ || Key Companies to Watch—Xfinity by Comcast~ || Key Companies to Watch—AT&T~ | Business Models for Delivering Care in Smart Homes~ || Industry Value Chain and Business Models~ || Prevalent Business Models—Smart Homes~ || Emerging Business Models—Smart Homes~ || Prevalent and Emerging Business Models—Healthcare~ || Convergence of Industry Business Models~ || Strategies To Improve Consumer Adoption~ || Healthcare Consumer Purchase Decision Influencers~ || Advantages for Stakeholders in the Smart Home Healthcare Market~ || Business Models Leveraging Data from Smart Homes~ | The Future of Smart Homes and Healthcare—Growth Opportunities~ || Envisioning the Future with Smart Homes~ || Smart Home Healthcare Products Evolution~ || Product Evolution to Support Smart Homes~ || Smart Homes Healthcare Ecosystem Evolution~ || Smart Homes Integrating in Larger Healthcare Ecosystems~ | The Last Word~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || Learn More—Next Steps~ || List of Exhibits~ | The Frost & Sullivan Story~
List of Charts and Figures 1. Top 10 Countries by Connected Home Penetration, Global, 2017~ 2. Bottom 10 Countries by Connected Home Penetration, Global, 2017~ 3. Connected Home Penetration (Alphabetical Order), Global, 2017~ 4. Smart Homes Market: Evolution of Products, Global, 2017~| 1. Healthcare Market: Shifting Healthcare Spend Across Care Continuum, Global, 2017~ 2. Healthcare Market: State of Care Delivery, Global, Past and Present~ 3. Actions Taken to Improve Health in the Last 2 Years, US, 2015~ 4. Smart Home Market: Current Motivation for Purchasing Smart Home Devices, US, 2017~ 5. Smart Homes Market: Survey Respondents Excited About Future Smart Home Technologies that Improve Overall Health, US, 2017~ 6. Willingness to Buy Connected Home Environment Solutions, North America, 2018~ 7. Interest in Home Health Network by Age Group, North America, 2018~ 8. Smart Devices Owned or Would Like to Own, North America, 2017~ 9. Demand for Intelligent Assistants, North America, 2017~ 10. Smart Speaker Unit Sales, Global, 2016–2018~ 11. Smart Homes Market: Evolution Toward the Smart Home, Global, 2017~ 12. Smart Home Layout, Global, 2017~ 13. Smart Home Healthcare Market: Essential Healthcare Components, Global, 2017~ 14. Smart Home Healthcare Market: Ownership of Smart Health Monitoring Devices, North America, 2018~ 15. Smart Home Healthcare Market: Common Healthcare Services in the Smart Home, Global, 2017~ 16. Smart Home Healthcare Market: Evolution of Healthcare Services in the Smart Home, Global, 2017~ 17. Smart Home Healthcare Market: Impact of Top 10 Trends, Global, 2017~ 18. Smart Home Healthcare Market: Healthcare Applications in the Smart Home, Global, 2017~ 19. Population Distribution by Age Group, Global, 2015 and 2025~ 20. Proportion of Elderly Suffering from Chronic Diseases, US, 2017~ 21. Annual Cost of Chronic Diseases, US, 2017~ 22. Proportion of Deaths Attributed to Non-communicable Diseases, Global, 2015 and 2030~ 23. Focus and Investment Shifting from Acute Care to Prevention, Global, 2017~ 24. Types of Wellness in the Smart Homes Context, Global, 2017~ 25. Smart Home Healthcare Market: Regional Readiness Assessment, Global, 2017~ 26. Connected Home Market: Connected Home Penetration, Select Countries, 2017~ 27. Connected Home Market: Revenue Forecast, Global, 2017–2022~ 28. Connected Home Market: Revenue Forecast by Segment, Global, 2017–2022~ 29. Connected Home Market: Revenue Forecast by Segment, Global, 2017–2022~ 30. Smart Home Value Chain, Global, 2017~ 31. Connected Homes Market: Business Models, Global, 2017~ 32. Healthcare Industry: Comparative Analysis of B2B and B2C Models, Global, 2017~ 33. Smart Home Healthcare Market: Potential Business Models Leveraging Data, Global, 2017~ 34. New Product Evolution, Global, 2017~ 35. Smart Home Healthcare Market: Smart Home Product Evolution Phases, Global, 2017~ 36. Smart Home Healthcare Market: Ecosystem Evolution, Global, Now and Future~ 37. Evolving Role of Smart Homes in Healthcare Delivery, Global, Present and Future~
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Author Siddharth Shah
Industries Healthcare
WIP Number K247-01-00-00-00
Keyword 1 Smart Home
Is Prebook No
GPS Codes 9600-B1,9611-B1,9612-B1,9614-B1,9627-B1,9A43-B1,9A4B-B1,9AD7-B1,9B07-C1