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In the U.S., 76 M baby boomers will hit the
retirement age over the next 15 years. |
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The total digital home health market in the U.S.
will grow at an average annual rate of 36% and turn into a $2.1
billion industry in 2010. |
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Growth in this market will be driven by the
rapid expansion of wellness monitoring programs and online
patient-physician messaging services. Because of this industry’s
attractive long-term potential, many large IT companies and
global conglomerates will enter the market either through
product line extension or by cherry-picking market leaders.
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40% of senior citizens search for disease and
health related topics on the Web on a monthly basis.
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33% of people between the ages of 18 and 24
search for disease and health related topics on the Web on a
monthly basis. |
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27% of females consider an online doctor-patient
consultation session “very valuable,” compared with 19% of
males. |
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20% of senior citizen households have a
broadband Internet connection, compared with 55% of Baby Boomer
households (individuals between the ages of 45 and 64).
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The number of patients diagnosed with heart
failure is expected to rise from five million in 2000 to
approximately eight million in 2011. |
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The current cost of heart failure monitoring
kits limits their market potential. As prices fall, however, new
distribution channels – including retail – become a reality.
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12% of seniors have a home network compared with
33% of Generation X and Generation Y consumers (individuals
between the ages of 18 and 44). |
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61% of online consumers do not want to incur
additional healthcare expenses if they sign up to in-home care
monitoring devices and services; only 13% are willing to pay
out-of-pocket. |
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Seniors in general own fewer electronic
appliances and gadgets than their younger counterparts, but 18%
of senior households own a home security monitoring system, a
similar percentage to that found among Generation X and
Generation Y households. 28% of Baby Boomer households own a
home security monitoring system. |
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Healthcare costs account for 15.8% of 2005 U.S.
GDP, or two trillion U.S. dollars. A September 2005 RAND study
estimated that $165 billion, or 8% of total healthcare spending,
can be saved if a true national health information network can
be established. |
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According to a study from the Institute of
Medicine, more than 7,000 deaths and more than 500,000 injuries
are results of preventable medication errors. |
