mHealth Elderly Home Monitoring Growth Drawing New Players to the Market, Finds ABI Research
October 09, 2014 11:55 AM Eastern Daylight Time
NEW YORK–(BUSINESS WIRE)–Over the next 5 years, a new generation of elderly home care services will drive wearable device shipments to more than 44 million in 2019 up from just 6 million in 2013. In 2014 alone, shipments of wearable devices linked to elderly care systems will more than double over those in 2013, finds the latest ABI Research analysis of the mHealth market.
“Help! I’ve fallen and I can’t get up”
Growing adoption comes as tech savvy families increasingly turn to home monitoring offerings for assurance their aging parents and family members are safe and well. In addition, new offerings are boosting and extending a market that has long been the territory of dedicated, “Help! I’ve fallen and I can’t get up”-type personal emergency response systems. A host of niche players including BeClose, GrandCare Systems, Independa and others have all emerged to capitalize on a combination of market demand and the potential to leverage connected devices and systems.
See how one resident gained independence and social connection using GrandCare technology