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Aug 22, 2017

Parks Associates: 27% of U.S. consumers with a chronic condition want a monitoring device that tracks their health condition

Fourth-annual Connected Health Summit to address impact of smart home solutions on digital health

Parks Associates today announced new digital health research showing more than one-fourth of consumers in U.S. broadband households with a chronic condition want a device that tracks their health condition. The research firm warns that, despite this strong early interest, current adopters are reporting difficulties using these connected devices. Among U.S. broadband households that have a glucometer that works with a smartphone app, 40% of these early adopters find it difficult to use this device. The firm’s 360 View: Empowering Healthcare Consumers also reports that 20% of owners find it very difficult to operate connected glucometers and pill boxes.

“Nearly one-half of type I diabetics and one-third of type II diabetics are interested in health monitoring devices such as glucometers, but a steep learning curve and difficult or counterintuitive directions could inhibit their usage of these devices and also prevent them from buying other connected health devices,” said Harry Wang, Senior Director of Research, Parks Associates. “Device and application manufacturers would benefit from improving the ease-of-use of these devices.”

Connected Healthcare Tools - Consumer Interest - Parks Associates

Parks Associates will address the impact of smart home solutions on the digital health industry with multiple sessions at the fourth-annual Connected Health Summit: Engaging Consumers, August 29-31 in San Diego. The event will address business strategies and consumer demand regarding connected health and virtual care.

Wang will moderate the session “Fireside Chat: Consumer Aging Journey and Business Opportunities,” 11:30 a.m. on Wednesday, August 30. In the session, industry veterans will discuss the aging needs of seniors and boomers as they enter a new life stage and address challenges from quality of life to chronic diseases. Speakers will also examine solution and service opportunities that will help families cope with this aging-in-place journey. Joining Wang on the panel are the following speakers:

  • Sam Adams, IBM Distinguished Engineer, Master Inventor, Technical Lead for Global Aging Initiative, IBM
  • Sanjay Khurana, VP, Caregiving Products and Services, AARP

Brad Russell, Senior Analyst at Parks Associates, will moderate the session “Reinventing Healthcare through Smart Home Solutions,” 10:45 a.m. on Thursday, August 31. The panel explores the next innovations in the home health market and strategies for home health agencies and professional caregivers to work with patients and their family caregivers to deliver services that can truly impact care outcomes. The session includes the following speakers:

"The U.S. spends almost $90 billion each year on home health, but home health spending accounts for only 3% of total healthcare spending,” Russell said. “All signs point to increased spending in this category as care delivery continues to shift from high-cost institutional care to low-cost home care.”

Event sponsors include Independa, iQor, Reemo Health, AARP, Alarm.com, BodiMetrics, Macadamian, mPulse Mobile, PokitDok, ULE Alliance, Vivify Health, Z-Wave, California HealthCare Foundation, Best Buy, LivingWell@Home, Rapid Response Monitoring, Sidebench, Freeus, and MobileHelp Healthcare.

Event Supporters include Antenna, B2 Group, BestSEOS.com, Best Web Design Agencies, CIO Applications, CIOReview, Conference Guru, CoPE, Crowd Reviews, CTA, ES Outlook, FierceHealthcare, FierceHealthIT, FiercePharma, Finpro, Healthcare Dive, Home Health Technology News, Hometoys, i-Home, Innovation & Tech Today, Intelligent Health Association, Internet Health Management, IoT Consortium, LonMark International, Managed Care Magazine, Open Connectivity Foundation, Open Mobile Alliance, Personal Connected Health Alliance, PharmaVoice, RHCC, RTC Magazine, Smart Insights, Springboard, Telebehavioral Health Institute, Telecompaper, Telehealth & Telecare Aware, The MedTech Strategist, The Journal of mHealth, topSEOS.com, Visibility Magazine, and Wi-Fi Alliance.

Registration is open for the fourth-annual Connected Health Summit, and media are invited to attend. For more information, visit www.connectedhealthsummit.com. To schedule an interview with an analyst or to request specific research data, please contact Julia Homier at julia.homier@parksassociates.com, 972-996-0214.

About Connected Health Summit: Consumer Engagement and Innovation

Connected Health Summit, hosted by international research firm Parks Associates, is an executive conference focused on the impact of connected devices and IoT healthcare solutions on consumers at home. In its ninth year, Connected Health Summit brings senior industry leaders together from all aspects of the consumer experience ecosystems to provide insights on new business models, IoT technologies, consumer behaviors, and deployments relevant to consumer healthcare solutions.

The conference features Parks Associates quarterly consumer readdresses opportunities for new solutions in the care giving and senior markets and the wellness markets. This includes smart home platforms, on-demand services, voice assistants, and wearables, to empower consumers, caregivers, and providers and to meet the growing demand for services in independent living, chronic care management, remote access to care, and wellness and fitness solutions. www.connectedhealthsummit.com

Follow the event on Twitter at @CONN_Health_Smt.