Aging U.S. Population In Need Of Integrated Connected Health Solutions
The rise of connected health products and professional monitoring services opens up a lot of opportunities to serve the users at their house. It is estimated that there will be an increase in the demand for security-related solutions, smart home devices, and on-demand services for making the life of senior citizens better and enabling them to lead an independent life. The companies can use the monitoring services they already provide to monitor the elderly people in medical emergencies.
Security providers can increase their customer base by offering more security-related packages to protect the user’s loved ones.
Many payment models make care providers responsible for patient outcomes, driving demand for connected solutions that quantify and address the gap in care between the facility and the home.
Consumerization of medical and care services, payment reforms, and a shortage of physicians open up opportunities for connected health devices. Currently, the top services include GPS and location driving, alerts sent to the individual concerned, professional monitoring, 24/7 access to healthcare professionals, and regular check-in calls.
Smart watches have started integrating emergency alert systems that are designed to alert the caregivers and first responders in case of a medical emergency. It also lets them use GPS tracking to find them as soon as possible.
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