Publish Date: 2Q 08

This report analyzes how technology can be used to monitor the fragile and elderly population both in their homes and long-term care facilities. It first analyzes the market needs and interest in aging-at-home technologies, assesses the readiness of the technology itself, followed by close examination of service sectors and potential payment models. The report concludes with the author’s forecasts and recommendations for new market entrants.

“Technology has advanced home-based eldercare to a whole new level, but potential beneficiaries are still unaware of it,” said Harry Wang, analyst from Parks Associates. “There is this demand gap to fill, but a technology-stamped eldercare model has to weave through many hidden business risks to truly put the power of technology into seniors’ hands.”

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The Bottom Line is a concise, executive-level summary of the current state of the market, evolutionary path, and the implications for companies doing business in this space.

A Parks Associates’ Resource Book contains a wealth of consumer survey data and company profiles—a must-have reference for product/market planning.

The Bottom Line

1.0   Notes on Methodology

1.1 Consumer Data

1.2 Definitions

1.3 Methodology

2.0   The Generation Burden

2.1 The Elderly Gets Older

2.2 The Sandwiched Generation

2.3 The Resource Crunch—Institutional long-term care market

2.4 To Age at Home

3.0   Analysis of Technology for ElderCare

3.1 Sensor Technology

3.2 Home Networking technology

3.3 Medical Device and Software

3.4 Communication Platforms

4.0 Living Independently—But How?

4.1 Personal Emergency Response System Service

4.2 Chronic Care Management at Home

4.3 Monitoring the Elderly at a long-term care facility

4.4 Retirement Community: Market Opportunity?

5.0   Revenue Model and Business Plan Discussion

5.1 Out-of-Pocket Pay: Drivers and Barriers

5.2 Insurance Coverage: Perception and Requirements

5.3 Public & Private Collaboration: Any Chance?

6.0   Market Forecast, Implications and Recommendations

Resource Book

Section I:        Consumer Data and Industry Background

The Senior Population and Their Health Conditions

Facts about Institutional Care

Overview of Eldercare Market

Section II:       Company Profiles

1-800-Med-Alert

American Medical Alarms, Inc.

CareGuide

Critical Signal Technologies

Dovetail Health

iMetrikus

Living Independently

Link to Life

Personal Response Co.

Philips/ Life Line / Health Watch

ResponseLink

Tunstall

VitelCare

Vital Link

Authored by Harry Wang
Executive Editor: Tricia Parks
Published by Parks Associates

© April 2008 Parks Associates
Dallas, Texas 75230

All rights reserved.  No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher.

Printed in the United States of America. 

Disclaimer
Parks Associates has made every reasonable effort to ensure that all information in this report is correct.  We assume no responsibility for any inadvertent errors.

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