Sensor-based technology is changing how consumers interact with their health and wellness.  This session addresses the impact of innovative solutions that are enabling consumers to track and monitor their environment at home and their personal health metrics, including relaying information to doctors through connected health devices. This session brings together a variety of industry players to talk about the impact of connected health devices in the home environment, with a special focus on safety. 

Parks Associates welcomes attendees and provides opening comments on the state of the market and future of technology for consumers at home and at work.

Most connected home product categories have been rising steadily in perceived value as prices fall and the adoption rates and installed base grow. Connectivity and integration of devices enable data to be shared and create new value through services delivered. This session highlights the role of broadband, hardware, software, and security solutions in building connected home services across energy, security, and controls. This session provides insights from key players in the smart home ecosystem.

Security system apps continue to be the most common tool for controlling multiple smart home products, but consumers also look to the CE and tech giants as a control point for devices in the home. This session highlights the key channels that have an opportunity to provide a whole-home experience, incorporating security, smart home, energy, and entertainment devices across a unified platform.

Parks Associates welcomes conference attendees for networking and refreshments following the day’s sessions.

The rapid expansion of telehealth and remote care brings both challenges and opportunities for players across the healthcare ecosystem. This opening presentation provides insight into the growth of technology solutions and the current market trends in connected health, highlighting Parks Associates’ industry and consumer research.

Care providers want remote patient monitoring (RPM) solutions that automate data processing and analytics, showing providers not just the raw results of the tracking but also the meaning of these data. This session addresses the advances in RPM from basic preventative care to management and monitoring of severe disease states and critical conditions. Speakers also address the increased scrutiny with regards to device and data accuracy and the implications for both BYOD models and deployments from care providers and insurers.

Knowing in real time how lifestyle factors such as diet, exercise, and sleep can impact your health and wellness is transformational. As a leader in Continuous Glucose Monitoring technology (CGM) and pioneer in connected health solutions, Dexcom has seen firsthand how CGM is empowering people with diabetes to make data-driven decisions for better health outcomes. With an estimated 500 million people living with diabetes globally and the opportunity to apply health sensing technology more broadly, we’re only just beginning to explore the potential of CGM. Hear from Dexcom’s Chief Technology Officer Girish Naganathan on how the company is leading the medtech revolution and innovating for the future.

Companies are increasingly offering not just primary care but integrative care with the virtual experience at its core. This includes chronic condition management, mental health, dermatology, and specialist referrals and visits. Connected health devices play a key role in this transformation, offering clinicians insights into patients’ health status that they cannot discover by questionnaires or conversations alone. This session addresses consumer choice in care and how care is shifting.

With staff shortages growing, caregivers are increasingly relying on technology to prioritize their time and monitor individuals remotely.  To support these needs, Eaton is applying their AI/ML expertise to inferentially sense activities of daily life through energy use patterns.

This session highlights Parks Associates data showing adoption of connected health devices, the role of data and healthcare integration, and emerging applications, especially those around safety and security.

As we shift into a post-pandemic world, the demand for healthy homes and superior air quality has exploded. Clean air is vital to home health, making air quality sensors and smart indoor climate products essential to healthy living. As indoor air quality grows in importance, smart climate control devices such as smart air purifiers and smart humidifiers/dehumidifiers will increase in adoption. This session addresses new solutions that address different air quality issues.

Business models across the connected health space have been radically altered with the policy and reimbursement changes spurred by the pandemic. The Centers for Medicare and Medicaid led the way in expanding reimbursement for telehealth visits and remote patient monitoring services. Greater acceptance of connected health by regulators, payers, providers, and patients have drastically widened the connected health market, and adoption of connected health has boomed. Then the end of the Public Health Emergency – and a series of continuing waivers – brings new changes and uncertainty impacting the connected health market. This session addresses the reimbursement and policy trends that connected health ecosystem players need to watch in 2023. 

When considering solutions, independent seniors are interested in solutions that can be added to their current home and are self-monitored. Preferences are evenly split between home-based systems and wearable systems. Seniors purchasing solutions for themselves look first to independent living solutions specialists, then to solutions providers, health insurers, and retailers. This session addresses tech solutions for seniors and caregivers, with a special look at purchase channels and growth in PERS.

Devices with video and audio data capture capacity are the fastest-growing smart home categories, and analytics are improving due to more powerful edge components (chipsets) or more effective and efficient cloud interactions. This session addresses the opportunities for growth as a result of advanced technologies embedded in devices.

The development of smart sensors and the decreasing costs of devices have made it possible to offer chronic disease management, aging-in-place, and post-acute care services in the home. Truly continuous patient monitoring at home typically occurs in one of two approaches: wireless wearable monitoring sensors, patches, and devices or via environmental sensors. This opening presentation highlights new developments and trends in passive monitoring solutions.

The healthcare market is permanently changed as a result of the COVID-19 pandemic. Both consumer and clinician behaviors are altered, and telehealth and connected health device adoption will remain strong for the near future. This opening session addresses the new services and partnerships emerging and the impact on care outcomes.

Health devices — both medical-grade and consumer-oriented — are becoming more capable and accessible, expanding the possibility of virtual care models and empowering consumers with more insight into their own health status. This session addresses the role of connected health and medical-grade devices along with the services that enable data sharing and integration with care providers.

One of the key limiting factors for virtual visits today is the lack of vital sign and other critical health data to which clinicians would otherwise have access in a facility setting. This lack of data limits the types of conditions that can be treated in a standard virtual consultation model. This session addresses the new models emerging to incorporate medical sensors and devices, which will elevate the level of care that is possible at home and the success of these programs.

Join Parks Associates for a special presentation.

Consumer demand for Wi-Fi devices like smart cameras and video doorbells will only increase over time. Integration capabilities across smart home devices and security systems create a stickier customer base that is engaged with their system. Security dealers can expand beyond the perimeter of the home with new solutions, including vehicle monitoring and personal emergency services. This session highlights the new role security players have in the home as consumers add more and more connected devices.

This session is designed to help understand the transformative power of technology in enabling accessibility and independence for people with disabilities, chronic health conditions, and life-changing diagnoses. The session provides practical guidance for designing technology that is inclusive and accessible by users of all abilities. In addition, the session provide insights into how these technologies can be leveraged to help consumers and caregivers manage care. Participants will gain a deeper understanding of the personal aspects of health and the need and demand to incorporate technology that supports consumers at every stage of life.

In the last 10 years of development, the smart home market has established important foundations for future growth. In 2023 and beyond, solution creators have the necessary ingredients to deliver on the promise of the vision of the smart home where the sum – an intelligent, integrated, helpful home – is greater than the individual parts. This session brings experts from the industry to share their perspectives on where the next stage of growth and investments are coming from.

Parks Associates research team provides an update on market shifts in 2023, the adoption of connected devices, including smart home, entertainment, healthy and energy devices. This opening presentation features research from the firm’s survey work of 10,000 internet US households.

AI and advanced video verification technologies are changing the landscape for video security devices. The new capabilities create more context to understand scenarios and determine the best ways to respond. This session highlights the many new use cases and capabililties for video technologies in the home.

Consumers continue to adopt connected devices. Now, 51% of US households have a least one connected health device. There is growing familiarity and use of telehealth and virtual care as a result of the pandemic. In addition, remote patient monitoring solutions are creating new opportunities for more patient-centric care. This research presentation highlights consumer adoption of and interest in new health to home solutions.

New applications and services stemming from IoT platforms are enabling small-to-medium business (SMB) and MDU owners and managers to have greater insight into the metrics and real-time analytics of their properties. The integration of new tech also provides great value to the end user and enables monitoring across ecosystems in a business or multi-tenant building.

The growing senior population will rely on technology solutions to help with healthcare, communications, and living independently as long as possible. This session addresses the growing demand for technology solutions in the home to help caregivers and seniors enhance safety and security, track important health metrics, and communicate with care providers.

Safety and security have long been the top value propositions for the smart home market. Now, players are expanding on the peace-of-mind concept to end users with new applications of familiar technologies and service models. This research presentation highlights current adoption of home security solutions and market growth.

Parks Associates wraps up the research workshop with final comments before the opening session.

Telehealth usage has leveled out at majority adoption among US internet households. In 2022, telehealth usage among US internet households dropped, from its pandemic high of 64% adoption in 2021 to 55% adoption. This research presentation provides highlights on the drivers and barriers to virtual care including the latest adoption and use of these services.

According to Parks Associates research, over half of diabetics report that their care provider has given them a connected health device in the past 12 months. A quarter report that this device is specifically to monitor an ongoing chronic condition. This session addresses the advancements in technology, the integration of devices and services, and new tools empowering and helping consumers have a better understanding of personal health metrics.

  Parks Associates provides insight into the senior and caregiver market, including adoption and interest in emerging tech solutions and other key trends.       

Those who are currently caring for a loved one are being prompted to think about what they may eventually need in their own homes and lives. Among consumers considering a next home, safety-related use cases have the broadest appeal among those ages 50+, and connected health is a top use case for those ages 70+. This session addresses emerging solutions in new housing and for consumers remaining in their own homes.

 Demand for and deployment of virtual health services grew exponentially as social distancing measures and staff capacity issues limited patient visits to healthcare providers’ physical facilities. This session addresses the growing ways that technology is being extended through monitoring services following patient care visits.

 Parks Associates provides insight into new business models, including reimbursements and the impact of the COVID-19 pandemic in healthcare delivery.

Health industry players are evaluating their business models, services, and ways of delivering healthcare to best position themselves for the future. A future in which virtual acute and primary care, remote patient monitoring, and omnichannel health delivery are common. This session addresses the best practices, partnerships, and revenue models innovative companies are employing.

Parks Associates provides insight into consumer familiarity, use, and demand for virtual care services, including vital sign tracking, chronic condition monitoring, and emergency response.

Radical shifts in the regulatory and reimbursement landscape have paved the way for rapid telehealth deployments, including use of health devices. Though it’s rare now, integrating health device data with remote care services is on the horizon. This session addresses new programs developed around remote patient monitoring, particularly with insights into real time vital sign data and new models to deliver care.

With approximately 40% of US households owning and using wearables, these devices have become consumers’ top gateway for personalized health insights. Smart watches and other health devices are growing in capabilities with new sensors able to detect, track, and alert users of health issues. An increasing number of devices are incorporating life-saving functionality such as medical monitoring and fall detection, while others are integrating into systems of care to deliver insights to clinicians and improve patient outcomes. This session addresses the growing use cases for wearables, and these devices’ role in providing personalized and responsive care.