Technologies for Long-term Care and Home Healthcare: Global Markets

Executive Summary

It’s a well-known fact that the global population is aging. More precisely, there is an increasing number of seniors in the total population. Elder care technologies are broadly defined as products and systems that increase the health status and quality of life for seniors.

In this report, elder care technologies include two groups of monitoring systems: home tele-health and safety monitoring. Home tele-health is the use of technology to deliver care in a patient’s place of residence. Home tele-health includes monitoring of the patient’s physiological parameters and symptoms as well as education about the patient’s condition. Using home tele-health, a senior can stay connected to a healthcare professional or caregiver from home, using regular telephone lines, the internet and cellphones. In this report, safety monitoring systems represent the intersection of high-tech gadgetry and medicine to maintain the well-being of seniors at home or on the go. Mr. H. Roshan (a physiotherapist from Ahmed Orthopedic Hospital) says, “Various safety aids have given advantages to older patients who are bedridden due to certain health problems.” In this study, safety monitoring technologies include assist-call devices, medication management products, wander management systems, fall management devices, smart home systems and robotically enhanced mobility assistance devices. These technologies increase, maintain and improve the functional capabilities, independence and safety of seniors.

The elder care technology industry consists of several players of all sizes, including large global companies, small regional players, tiny startup companies and universities. These include AMC Health, BioTelemetry, Inc., Boston Scientific, Biotronik SE & Co. KG, Bosch Healthcare, Care Innovations, LLC, Honeywell Life Care Solutions (part of Honeywell International), LifeWatch AG, Medtronic Plc., Omron Healthcare, Inc. (part of Omron Corp.), Philips Healthcare (part of Koninklijke Philips N.V.), St. Jude Medical, Inc., VRI, Inc. and many more.

Given the growing number of seniors, increasing life-expectancy, skyrocketing healthcare costs, growing shortage of healthcare professionals and caregivers and seniors’ preference to age in place (lead an independent and active life as long as possible), the market for elder care technologies including home tele-health and safety monitoring is growing at an exponential rate. The demand for more practical and affordable elder care technologies to enhance the quality and efficiency of care is growing worldwide.

Companies Mentioned

• 210 Innovations, LLC
  
• A&D Medical
  
• Abbott
  
• Accutech
  
• Aerotel Medical Systems
  
• Aidcall
  
• Alarmforce Industries, Inc.
  
• Alert One Services, Llc
  
• Alimed, Inc.
  
• Alive Technologies Pty., Ltd.
  
• Alzheimer's Association
  
• AMC Health
  
• Amcest Nationwide Monitoring
  
• Applied Ai Systems, Inc.
  
• Arteric
  
• Austco Communication Systems Pty., Ltd.
  
• Best Teleprodukter Ab
  
• Biorobotics Lab
  
• Biotelemetry, Inc.
  
• Biotronik Se & Co. Kg
  
• Bl Healthcare, Inc.
  
• Bodytel Gmbh
  
• Bosch Healthcare
  
• Boston Scientific Corp.
  
• Brickhouse Security
  
• Broomwell Healthwatch
  
• Buddi, Ltd.
  
• Cambridge Consultants, Inc.
  
• Care Electronics, Inc.
  
• Care Innovations, Llc
  
• Care Trak, Intl.
  
• Care2Wear A/S
  
• Carecoach Corp.
  
• Carematix, Inc.
  
• Chubb Fire & Security, Ltd.
  
• Ciscor, Inc.
  
• Compumed, Inc.
  
• Continuity Health Solutions
  
• Cornell Communications, Inc.
  
• Curbell Medical Products, Inc.
  
• Cyberdyne, Inc.
  
• Database Systems Corp.
  
• Digital Care Systems, Inc.
  
• E-Pill, Llc
  
• Edevice
  
• Elpas Solutions, Ltd.
  
• Eocene Health Systems
  
• Fora Care, Inc.
  
• Freeus, Llc
  
• Geckosystems, Intl. Corp.
  
• Global Assistive Devices, Inc.
  
• Grandcare Systems, Llc
  
• Greatcall
  
• H3 System
  
• Heritage Medcall, Inc.
  
• HMD Biomedical, Inc.
  
• Home For Life Solutions
  
• Honda Motor Co., Ltd.
  
• Honeywell International
  
• Honeywell Life Care Solutions
  
• I-Sens, Inc.
  
• Ideal Life, Inc.
  
• Igeacare Solutions, Inc.
  
• Innovative Product Source, Llc
  
• Inrange Systems
  
• Inter Page Wireless, Inc.
  
• Intercall Systems, Inc.
  
• Intouch Technologies, Inc.
  
• Intramed A/S
  
• Kiss Institute For Practical Robotics
  
• Koninklijke Philips N.V.
  
• Lifescan, Inc.
  
• Lifewatch Ag
  
• Logicmark, Llc
  
• Maestros Mediline Systems, Ltd.
  
• Massachusetts Institute Of Technology
  
• Medcenter Systems, Llc
  
• Medic4All Services
  
• Medminder Systems, Inc.
  
• Medpage Limited T/A Easylink Uk
  
• Medready, Inc.
  
• Medtronic Plc.
  
• Medvivo Group, Ltd.
  
• Mir Medical International Research Usa, Inc.
  
• Mircom
  
• Mobilehelp
  
• Moked Enosh, Intl., Ltd.
  
• Mytrex Inc. Dba Rescue Alert
  
• Nanthealth
  
• NMT, Inc.
  
• Nonin Medical, Inc.
  
• Nspire Health, Inc.
  
• Numera
  
• Numerex Corp.
  
• Nurse Assist, Inc.
  
• OBS Medical, Ltd.
  
• Omron Healthcare, Inc.
  
• Orange Healthcare
  
• Oregon Health & Science University
  
• OY Everon Ab
  
• Panasonic Corp.
  
• Personal Safety Corp.
  
• Philips Healthcare
  
• Philips Lifeline
  
• Polymap Wireless, Llc
  
• Posey Products, Llc
  
• Posifon Ab
  
• Rauland-Borg Corp.
  
• RDSM N.V.
  
• Rewalk Robotics, Ltd.
  
• RF Technologies, Inc.
  
• Robotic, Perception And Real Time Group
  
• Roche Diagnostics
  
• Rondish Co., Ltd.
  
• Scottcare Corp.
  
• Secure Care Products Llc
  
• SHL Telemedicine
  
• Silversphere, Inc.
  
• Skil-Care Crop.
  
• Smart Caregiver Corp.
  
• Smart Homes
  
• Smartlink, International
  
• Sotera Wireless, Inc.
  
• Spacelabs Healthcare
  
• SRI International
  
• St. Jude Medical, Inc.
  
• Status Solutions
  
• Systems Technologies, Inc.
  
• Tabsafe Medical Services, Inc.
  
• Tech Works, Inc.
  
• Techmedic International B.V.
  
• Tektone Sound & Signal Mfg., Inc.
  
• Telus
  
• Tmsuk UK, Ltd.
  
• Topchair Sas
  
• Trividia Health, Inc.
  
• Tunstall Healthcare (Uk), Ltd.
  
• Tyco Simplexgrinnell Lp
  
• Tynetec, Ltd.
  
• Ultimate Safety, Inc.
  
• University Of Florida Gator-Tech Smart House Project (GTSH)
  
• University Of Missouri Center For Eldercare And Rehabilitation Technology
  
• University Of Trento
  
• Vaica Medical Ltd.
  
• Vigil Health Solutions, Inc.
  
• Visiplex, Inc.
  
• Vitalograph, Inc.
  
• Vitaphone Gmbh
  
• Vitel Net
  
• Vivify Health, Inc.
  
• Vodafone Group Plc
  
• VRI, Inc.
  
• Watchminder