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Market Research Report
Product code 
1066074

AI and Predictive Analytics in Elder Care and Healthcare Will Enable Safer Aging in Place

Published: | Guidehouse Insights (formerly Navigant Research) | 13 Pages | Delivery time: 1-2 business days

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AI and Predictive Analytics in Elder Care and Healthcare Will Enable Safer Aging in Place
Published: March 10, 2022
Guidehouse Insights (formerly Navigant Research)
Content info: 13 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

While the smart home is focused primarily on security, automation, and energy reduction uses, healthcare, and especially elder care, is expected to become an important use case as the number of older adults increases in developed markets, such as the US. The number of sensors in a smart home generates a lot of data, which several companies, mostly startups, are using to train AI to identify when a resident is in danger of falling. These technologies can be used in private homes or assisted living facilities, and in the future are expected to be able to work in tandem with home robotics, including autonomous robots, to help ease reliance on professional caregivers and improve residents' quality of life.

As the US population ages, it's becoming more important for older adults aging at home to receive the care they need, especially in case of emergencies. Companies are offering sensors, with or without cameras, and AI that can detect movement to determine whether an older adult is keeping to their routine or is at risk of a fall or other accident. These technologies are applicable in private residences as well as assisted living settings, and all are designed to take older adults' privacy into account.

This Guidehouse Insights report covers how passive monitoring is replacing traditional forms of personal emergency response systems, is applicable for both health and security in the smart home, and is an important addition to the smart home. This report also provides recommendations for industry stakeholders.

KEY QUESTIONS ADDRESSED:

  • How is the smart home sector addressing elder care and healthcare?
  • How can smart home vendors address user privacy?
  • How are home robotics expected to fit into smart home strategies?
  • What are notable companies offering passive monitoring in smart home?
  • How can utilities and insurance companies help to mitigate the challenges of aging in place?

WHO NEEDS THIS REPORT:

  • Utilities
  • Smart home service providers
  • Network equipment vendors
  • Venture investors focused on smart home and healthcare
  • AI developers
Product Code: SI-PAECH-22

Table of Contents

Spark

Context

Recommendations

Passive Monitoring Is Replacing Traditional Forms of Personal Emergency Response Systems

  • The Older Adult Population Is Growing Rapidly, Straining Demand for Caregiving Resources
  • Companies Are Adding AI to Improve Their Passive Monitoring Offerings
    • Cherry Labs Applies AI to Computer Vision
    • Cognitive Systems Focuses on Privacy with Camera-Free Passive Monitoring
    • Emerald Innovations Targets Clinical Research and Elder Care Settings
    • Social Robot Jibo Builds Relationships with Humans in Assisted Living Settings
    • Koko Uses Passive Monitoring to Study Sleep Disturbances
    • Labrador Systems Provides Autonomous Robots for Less-Mobile Users
    • SafelyYou Uses AI Analytics to Improve Fall Outcomes in Elder Care Facilities
    • StackCare Builds on Its Expertise in Lighting to Monitor Users
    • Vayyar Home Targets Private Homes and Assisted Living with Millimeter-Wave Technology

Passive Monitoring Is Applicable for Both Health and Security in the Smart Home

  • Passive Monitoring Is Distinct from Traditional Smart Home Security Products, but Can Work with Them
  • Passive Monitoring Companies Emphasize Their Products' Privacy
  • Home Robotics Are Expected to Work in Tandem with Passive Monitoring
  • Energy Usage Can Also Provide Insights for Passive Monitoring

Passive Monitoring Is an Important Addition to the Smart Home

  • Smart Home Offerings Should Add Passive Monitoring for Security or Healthcare
  • Passive Monitoring Products Must Clearly Address Privacy Concerns
  • Home Robotics Makers Should Integrate Passive Monitoring
  • Utilities and Insurers Should Partner with Startups to Provide Passive Monitoring through Energy Usage

LIST OF CHARTS AND FIGURES

  • Cognitive Systems App and Motion Detection
  • Description of Emerald Innovations Monitoring