"independent living" articles

Investments have flowed into the digital health sector in the past 18 months as companies have rolled out new telehealth solutions and developed new solutions for a healthcare market grappling with restrictions related to COVID-19.  During Parks Associates 8 th annual Connected Health Summit session, Driving Innovation: New Investments and the Future of Healthcare , Parks Associates was joined by healthcare innovators and investors representing Bluetooth Special Interest...

Did you know that 55% of US broadband households own at least one connected health device, such as a smart watch or pulse oximeter? Parks Associates recently hosted the session Independent Living: Opportunity for Smart Home Platforms , part of its Connected Health Summit  virtual series. The session addressed the latest innovations, challenges, and opportunities with the integration of connected health products in the home. Attendees also gained insights on smart home...

The COVID-19 pandemic changed the healthcare landscape dramatically and permanently. Early in the pandemic, there were lockdowns and state-led rulings that caused a hold in a variety of elective care services. Some patients avoided care due to the risk of COVID-19 infections as some patients avoided care due to the risk of COVID-19 infections as best practices indicated for patients to visit the doctor for essential purposes only. Over the past year, Parks Associates has kept a...

Parks Associates recently hosted its 15th annual CONNECTIONS TM Summit: Smart Home Growth Strategies . The conference took place virtually January 14, in cooperation with CES® 2021. This one-day event featured sessions on smart home technology and services, connected health, data privacy, value-added services, and home security. During the session, Healthcare: Independent Living & Smart Home , Parks Associates Senior Analyst, Kristen Hanich , moderated a panel of industry...

The COVID-19 pandemic has turned the healthcare ecosystem on its head. Care providers and health systems have leaned on technology to provide much needed care to patients at home, through telehealth consultations and remote patient monitoring programs. Similarly, public health officials look to technology to help slow the spread of the virus itself, through smartphone-based contact tracing and proactive wellness monitoring, or televigilance.   Register...

The CONNECTIONS Summit at CES is going online this year! Parks Associates' CONNECTIONS Summit at CES is an annual research and industry event and will be held on January 14, 2021. It features commentary, insight, and debate on consumer and industry trends, new business models and technologies, growth opportunities, and successful market strategies. Joshua Locke, Vice President of Essence USA and a speaker at the summit, discusses senior market solutions ahead of the event:...

Crossover between connected health and smart home tech is rapidly expanding, with many large players entering this space. A majority of consumers now find virtual care solutions that incorporate data from their connected health devices appealing. Entrance of tech giants will expand the market for wellness solutions at home and the data sources health players can use for telehealth and independent living services. Don't forget to register for Parks Associat es' CONNECTIONS Summit...

COVID-19 cast a bright light on the vulnerability of the senior population and senior living facilities. According to CDC, as of November 2020, 80% of Americans who have died of COVID-19 were age 65 or older, while the senior population only makes up 16% of the overall US population. Moreover, 40% of deaths occurred among nursing home residents. As a result of COVID-19 and its associated pressures, seniors and their loved ones have increasingly turned to technology for everyday needs. As...