Digital Health

Tuesday, December 22, 2015

Market Drivers and Challenges for Connected Health Solutions in the Smart Home

Extending a smart home platform to support connected health applications and services is a natural pathway forward for most smart home platform providers. Consumers spend less than 1% of their time interacting with the healthcare system; home, on the other hand, is where consumers spend most of time with their family, care for themselves and others, and enjoy life—food, drink, exercise, sleep—all experiences that also impact their health and wellbeing. With broadband Internet connection ...read more

Tuesday, September 01, 2015

Connected Health Industry Leaders Agree: Consumer-Centric Care is Marching Forward

On September 9-10, over 200 executives in the connected health space gathered at Parks Associates' second-annual Connected Health Summit in San Diego to assess market trends, technology advancements, and consumer engagement strategies. Several common themes emerged across panels during the two-day conference, all of which point in a single direction – progress.

This year, panelists spoke less about trials and how to get solutions off the ground, and spoke more about refining methods, ...read more

Tuesday, August 04, 2015

Combating Consumer Fears of Health Data Security

 

Connected health devices and health apps are making headway in the market. According to Parks Associates research, 29% of U.S. broadband households now own a connected health device. Connected fitness trackers account for 6.7 million units sold in the U.S. in 2014, making it the largest connected fitness device category.

 

However, consumers have substantial privacy concerns about health apps and connected health devices. One-third of U.S. broadband households are ...read more

Monday, August 03, 2015

How the Fitness Tech Market is Overcoming Challenges and Continuing to Grow

Ownership of fitness tracker devices in the U.S. grew from about four million users at the beginning of 2013 to an estimated 15 million by the end of 2014, according to research from Parks Associates. The firm defines connected fitness trackers as fitness trackers with embedded wireless connectivity protocols such as Wi-Fi, Bluetooth, NFC and ANT+. This fast-growing market has already attracted more than 50 brands, with Fitbit, a CEA member and CES exhibitor, enjoying a substantial lead in ...read more

Sunday, August 02, 2015

Wearables Spur On Health Consumerization

The wearables market for health and wellness is on the cusp of a significant stride forward, thanks to modern wearable technologies that provide the means to collect and manage health and wellness data in a more convenient and automated fashion. Parks Associates data shows growth in several wearables categories, including digital pedometers and GPS watches.

Wearable devices and their apps offer new means for consumers to manage their health and wellness. Wearables have emerged for ...read more

Wednesday, July 01, 2015

Impact of SCOTUS Healthcare Ruling on the Smart Home Market

In a 6-3 decision in King v. Burwell, the Supreme Court upheld a key provision of the Affordable Care Act (ACA, aka Obamacare). The Court ruled that the Federal Government can provide subsidies to qualified people who buy health insurance on the Federal exchanges in states where the state government has declined to set up such an exchange.

Because most ACA requirements are interconnected, the elimination of subsidies in states that have federally run exchanges would have crippled the ...read more

Monday, June 01, 2015

Engaging Consumers for Healthy Living: Health Apps

Health apps are presently used by a limited segment of smartphone users, and the time span for use of health apps is relatively short in comparison to other types of apps.

 

A wide variety of apps compete for the consumer’s limited attention span. On average, smartphone owners use roughly six apps on a monthly basis and that figure has not changed since 2012. Health apps are used by just one-fifth of smartphone owners. These consumers spend less time using health apps (both in ...read more

Friday, May 01, 2015

The Consumerization of Health IT

The annual Healthcare Information and Management Systems Society (HIMSS) conference is health IT vendors’ Mecca. The HIMSS event this year attracted nearly 40,000 attendees to Chicago, and its giant exhibition halls in the McCormick Place were filled with more than 1,000 booths. The overall spirit at the event was buoyant and optimistic—and why not? The health IT industry has enjoyed several years of boom, thanks to health IT incentives and penalties from Uncle Sam.

 

I was ...read more

Wednesday, April 01, 2015

Fitness and Health Market Opportunities for Wearables

Today, roughly 30% of U.S. broadband households own a connected health device, which includes approximately 15 million households that have a connected fitness or wellness device, such as a fitness tracker, a weight scale, or a sports watch with heart-rate/GPS functions. Adoption rates are increasing, particularly among high-income households, where over one-third own a connected health device, and by 2016, more than 32 million U.S. consumers will actively track their personal health and ...read more

Saturday, November 01, 2014

Consumer-centric Care Model is Creating Opportunities in the Connected Health Device Market

Regulators, insurers, and care providers are shifting to a patient-centered approach that engages patients as active participants in their own care management. Concurrently, design breakthroughs, technology advances, and mass adoption of mobile consumer devices have made consumer-centric care possible in ways previously impossible. Consumer electronics companies have taken note; the result is the rise of a young but very dynamic market for connected health and wellness devices that help care ...read more

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