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

Published: March 10, 2022 |

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

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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

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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