Monday, October 25, 2010

Analysts give Rx for health care devices

Home health care monitoring for wellness, disease management and elder care is a $2 billion market today, said Stuart Sikes, president of Parks Associates (Dallas). It is expected to grow as security and broadband service providers start to offer health care services over the next few years.

However, convincing insurance companies to reimburse for such services will be a slow process and consumers will be price sensitive about paying for them directly, Sikes said. For example, seniors and those who care for them are willing to pay about $33 a month for home monitoring services, according to one Parks survey.

From the article, "Analysts give Rx for health care devices" by Rick Merritt

Next: Home networking market growing in spurts
Previous: Slow growth forecast for home energy nets

Comments

    Be the first to leave a comment.

Post a Comment

Have a comment? Login or create an account to start a discussion.

© 1998-2019 Parks Associates. All Rights Reserved.