Taking Care of the Elderly through Digital Technologies

Taking Care of the Elderly through Digital Technologies published by Parks Associates in September, 2008. This report consists of 85 Pages and the price starts from US $ 4000.

Introduction

Abstract

SYNOPSIS

This report analyzes how technology can be used to monitor the fragile and elderly population both in their homes and long-term care facilities. It first analyzes the market needs and interest in aging-at-home technologies, assesses the readiness of the technology itself, followed by close examination of service sectors and potential payment models. The report concludes with forecasts and recommendations for new market entrants.

Technology has advanced home-based eldercare to a whole new level, but potential beneficiaries are still unaware of it,” said Harry Wang, analyst from Parks Associates. “There is this demand gap to fill, but a technology-stamped eldercare model has to weave through many hidden business risks to truly put the power of technology into seniors' hands.”

Table of Contents

The Bottom Line

1.0 Notes on Methodology

• 1.1 Definitions
• 1.2 Methodology
• 1.3 Scope of Report

2.0 The Generational Burden

• 2.1 The Elderly Get Older
• 2.2 The Sandwiched Generation
• 2.3 The Resource Crunch - Institutional Long-term Care Market
• 2.4 To Age at Home

3.0 Analysis of Technology for Eldercare

• 3.1 Sensor Technology
• 3.2 Home Networking Technology
• 3.3 Medical Device and Software
• 3.4 Communication Platforms

4.0 Living Independently - the Service Aspect

• 4.1 Personal Emergency Response System (PERS) Service
• 4.1.1 Emergency Monitoring
• 4.1.2 Behavioral Tracking
• 4.2 Chronic Care Management at Home
• 4.3 Retirement Communities: Market Opportunity?
• 4.4 Monitoring the Elderly at a long-term Care Facility

5.0 Revenue Model and Business Plan Discussion

• 5.1 Out-of-Pocket Pay: Drivers and Barriers
• 5.2 Insurance Coverage: Perception and Requirements
• 5.3 Private Pay and Reimbursement Medley: Any Chance?

6.0 Market Forecasts and Implications

Resource Book

1.0 Consumer Data and Industry Background

• 1.1 The Senior Population and Their Health Conditions
• 1.2 Overview of the Eldercare Market

2.0 Company Profiles

• 2.1 1-800-MED-ALERT
• 2.2 American Medical Alarms, Inc.
• 2.3 American Medical Alert Corporation
• 2.4 CareGuide
• 2.5 Dovetail Health
• 2.6 IgeaCare Systems Inc.
• 2.7 iMetrikus
• 2.8 Life Alert Emergency Response, Inc.
• 2.9 Link to Life
• 2.10 Living Independently Group, Inc.
• 2.11 Medical Alarm Concepts
• 2.12 Personal Response Corp.
• 2.13 Philips Lifeline
• 2.14 ResponseLink (subsidiary of Pacific Pulmonary Services Corp.)
• 2.15 Tunstall
• 2.16 ViTelNet /ViTelCare

FIGURES

• The Middle-Aged are the “Sandwiched Generation”
• Facts About U.S. Long-term Care Market
• Senior Population' s Familiarity with Digital Technology
• Types of Sensors Used in Eldercare Market
• Networking Standards Promoted by Continua Health Alliance
• ZigBee and Z-Wave
• Peripheral Device Categories for Eldercare
• Software Developers for Medical Devices
• Communication Platforms for Connected Eldercare
• Industry Leaders in the PERS Market
• Behavioral Tracking Firms and Their Solutions
• Hospital Discharges by Principal Diagnosis
• Examples of Technology-assisted Disease Management Practices
• Total Addressable Market for Eldercare Technologies
• Eldercare Market Forecast: the Number of Users by Applications
• Revenue Forecast of Eldercare Technology: Hardware & Service
• Revenue Forecast of Eldercare Technology Market by Market Segment
• Senior Households as a Percentage of All U.S. Households
• U.S. Seniors' Annual Household Income
• Types of Residence for U.S. Seniors
• U.S. Seniors' Health Conditions
• U.S. Seniors' Exercise Frequency
• Percentage of Senior Households with Fitness Club Membership
• Summary Table: Technologies Offered by Companies Profiled in the Report

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