Today: October 13, 2015, 10:55 am

Global elder-care technology products market: $7.2 billion industry forecast by 2018
Technologies for Long-Term Care and Home Healthcare: Global Markets - a new market research report on 2014-04-04 16:13:01
The global elder-care technology products market was valued at $2.7 billion in 2012 and is expected to reach $3.2 billion by 2013. It is forecast that the market will reach nearly $7.2 billion by 2018, and register a compound annual growth rate (CAGR) of 17.7%.
National health expenditure in the U.S. was approximately $2.8 trillion in 2012, as compared to $2.5 trillion in 2010. In large part, these spending increments are attributable to an aging society. Moreover, the amount spent on healthcare for older Americans is three to five times greater than the cost of care for someone under age 55.
Seniors overwhelmingly want to age in place, but family members living far away worry about their elderly relatives living alone. Advances in communications and information technology (IT) have created products that make remote monitoring feasible. Smart phones, personal digital assistants (PDAs), and wireless networks are everywhere, including within seniors´ homes. These technologies carry both economic and emotional appeal to caregivers and the elderly.
Broadly defined, elder-care technologies are products and systems that increase the health status and quality of life for seniors. Information and communication technologies can augment the quality and efficiency of care provision, thus improving both the aging and caregiving experience. In addition, monitoring technologies have the potential to improve safety for older citizens, manage their health, and assist them in maintaining their independence.
Elder-care technologies include two groups of monitoring systems: home telehealth and safety monitoring. Home telehealth is the use of technology to deliver care in patient´s residence and includes the monitoring of the patient´s physiological parameters and symptoms, as well as education about the condition. Safety monitoring includes assist-call devices, medication-management products, wander-management systems, fall-management devices, smart-home systems, and robotically enhanced mobility-assistance devices. These technologies hold the promise of enormous cost savings for the healthcare system by enhancing the ability of providers to provide timely intervention prior to a deterioration point of acute care.
Click for report details: ..
Browse all Healthcare and Medical Market Research Reports ..
Browse all Healthcare and Medical Company Profile Reports ..
Browse all Latest Market Research Reports ..
About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 523 Words
Related Articles
More From Finance
USGFX Anticipates A Rise In Forex Trading [..]
The Shanghai Composite Index has been volatile and at one stage dropped more than 30% from its June 12 peak, [..]
Credit-Yogi Recommends Reputable Debt Solution Companies To [..]
Many people who have poor credit don’t know what to do about it. They realize that their bad credit prevents [..]
Credit-Yogi Reveals Special Considerations for Military Members [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi Teaches Consumers How To Use HAMP [..]
Be Prepared to Utilize HAMP Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification [..]
Credit-Yogi Informs Military Members Facing Auto Repossession [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.