More than 78 Million Consumers Will Utilize Home Health Technologies by 2020, According to Tractica

Growth to be Driven by Expanded Capabilities for Medical Monitoring, Remote Consultations, Eldercare, and Health and Wellness Applications

BOULDER, Colo.--()--Home health technologies are emerging as a distinct segment within the larger mobile and digital health market. The ability to remotely monitor patients with chronic conditions, utilize technology for improved eldercare, and conduct virtual physician consultations (eVisits) is being seen as a way to improve the efficiency and effectiveness of the overall healthcare system, as well as to improve patient outcomes. Meanwhile, home health devices and applications are leveraging the ubiquity of residential broadband networking and smartphones to help consumers manage health and wellness on an ongoing basis.

According to a new report from Tractica, consumers utilizing home health technologies will increase from 14.3 million worldwide in 2014 to 78.5 million by 2020. The market intelligence firm anticipates that medical monitoring, diagnosis, and treatment will be the largest application market during that timeframe, and will drive the deployment of a wide variety of connected health devices and software applications. Other key segments of this market are remote consultations, eldercare, and health and wellness.

“Key factors driving interest in home healthcare technologies include rising healthcare costs, aging populations, and a rise in the number of people living with chronic diseases,” says principal analyst Charul Vyas. “However, significant challenges remain for the industry to solve, including regulatory issues, data security and privacy, and technology interoperability and integration issues.”

Tractica’s report, “Home Health Technologies”, examines the market trends and technology issues surrounding home health devices and applications and presents forecasts for users, services, and hardware during the period from 2015 through 2020. Services, devices, and applications are analyzed in depth, and the report also includes detailed profiles of key industry players across the home health ecosystem. An Executive Summary of the report is available for free download on the firm’s website.

About Tractica

Tractica is a market intelligence firm that focuses on human interaction with technology. Tractica’s global market research and consulting services combine qualitative and quantitative research methodologies to provide a comprehensive view of the emerging market opportunities surrounding User Interface Technologies, Wearable Devices, and Automation & Robotics. For more information, visit www.tractica.com or call +1.303.248.3000.

Contacts

Tractica
Clint Wheelock, +1.303.248.3000
press@tractica.com

Release Summary

Growth in home health technologies is being driven by rising healthcare costs, aging populations, and a rise in the number of people living with chronic diseases, according to a new research report.

Contacts

Tractica
Clint Wheelock, +1.303.248.3000
press@tractica.com