Proving the Business Case for the Internet of Things

Elderly home care services to spur wearables adoption: ABI

Iain Morris
October 15, 2014
 
A new generation of elderly home care services will drive wearable device shipments to more than 44 million in 2019, up from just six million in 2013, according to a new study from ABI Research.

The market-research company also reckons shipments of wearable devices linked to elderly care systems will double between 2013 and 2014, thanks to growing momentum in this industry.

An increasing number of “tech savvy families” are now turning to home monitoring offerings for assurance that aging parents and family members are safe and well, notes ABI.

Moreover, a variety of new offerings are spurring innovation in a market that was previously about relaying emergency messages to family member and healthcare providers when a patient had suffered a fall.

ABI says companies like BeClose (Vienna, VA, USA), GrandCare Systems (West Bend, WI, USA), Independa (San Diego, CA, USA) and others have emerged to address this opportunity.

Live!y (San Francisco, CA, USA), another start-up targeting this sector, has recently revamped and relaunched its offering to include a watch that offers activity tracking alongside personal emergency response services, while telecoms operator AT&T (Dallas, TX, USA) has added elderly care monitoring to its Digital Life smart home package.

The market-research player says this shows that both device makers and service providers are targeting the elderly care market with more feature-rich offerings.

In the meantime, the trends of aging populations, dispersed families and preference for independent living are supporting the increasing adoption of home monitoring offerings.

“The sports and wellbeing monitoring market has already drawn Samsung [Seoul, South Korea], Google [Mountain View, CA, USA] and Apple [Cupertino, CA, USA] into developing devices and platforms to capture health and activity data,” said Jonathan Collins, a principal analyst at ABI. “These will increasingly be extended to serve specific markets, primarily elderly care or aging in place applications.”

As ABI points out, home monitoring technology holds appeal for consumers that want a more detailed and less intrusive system than traditional personal emergency response offerings.

“In addition, smart home, home security providers, and others see the potential to add value to their offerings by including aging in place monitoring to their service bundles,” says Collins.
 
 
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