Aged Care Market is Expected to be a Key Growth Area for Healthcare Automation
October 23, 2015 | PRNewswireEstimated reading time: 2 minutes
By 2020 22% of the world's population will be of or above 60 years. In order to encourage independent living, IT service providers need to support the development of smart homes and communities that leverage technology-based solutions for the aged. High adoption of remote monitoring devices, which are useful for personal physicians, nurses and family, will help all senior citizens who prefer to stay in their own homes. Information and communication technology (ICT)-based assistive technologies, including computer-based or other electronic communication aids, object locators and reminder systems, will also gain traction. Further, robots as a support system will emerge as an excellent aged care model.
The aged population's requirement for specialised medical technology will create strong long-term opportunities for wireless network, IT service and software solution providers. Thus, these service providers are making concerted efforts towards developing and implementing technologies that support independent ageing and aged care.
"Wearable devices are increasingly becoming an integral part of senior citizens' lifestyle," said Frost & Sullivan Information & Communication Technologies Senior Research Analyst Shuba Ramkumar. "While it is true that a wearable device or global positioning system (GPS) tracker does not in itself provide better care, it can facilitate remote monitoring of senior citizens and help prevent major accidents. For example, it can prevent a patient with memory loss or dementia from going outside and endangering themselves."
However, seamless connectivity, irrespective of whether it is low/high bandwidth or short/long range, is important for the accurate functioning of the aged care ecosystem. Even the smooth operation and integration of assisted living technologies in the healthcare sector is dependent on the resolution of connectivity, data privacy and regulation issues.
Currently, the need to certify some ICT devices for deployment and restrictions on the use of data collected by devices prove to be major obstacles for the end-user market. Nevertheless, development of stringent data security regulations and partnership with healthcare technology companies can help overcome some of these challenges.
"IT service providers must collaborate with large private and public aged care providers to design and deploy solutions that integrate with the healthcare system," noted Ramkumar. "For residential care communities, they should also provide end-to-end Internet of Things platforms to enable communication between smart devices for monitoring patient activity. These solutions are necessary to integrate home/residential care systems with the central healthcare system to facilitate automated healthcare delivery."
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Suggested Items
AIM Solder’s Dillon Zhu to Present on Ultraminiature Soldering at SMTA China East
04/22/2024 | AIMAIM Solder, a leading global manufacturer of solder assembly materials for the electronics industry, is pleased to announce that Dillon Zhu will present on the topic: Ultraminiature Soldering: Techniques, Technologies, and Standards at SMTA China East. This event is being held at the Shanghai World Expo Exhibition & Convention Center from April 24-25.
Altair Acquires Cambridge Semantics, Powering Next-Generation Enterprise Data Fabrics and Generative AI
04/22/2024 | AltairAltair a global leader in computational intelligence, acquired Cambridge Semantics, a modern data fabric provider and creator of one of the industry’s leading analytical graph databases.
Absolute EMS Champions Collaboration Between Humans and Robots in Modern Manufacturing
04/19/2024 | Absolute EMS, Inc.Absolute EMS, Inc., an award-winning EMS provider of turnkey contract manufacturing services, offers a perfect factory environment that seamlessly blends robotic automation with human expertise.
Microsoft, Google Join as Sponsors for First-Ever AI Expo for National Competitiveness
04/19/2024 | SCSPThe Special Competitive Studies Project (SCSP), a non-partisan, non-profit project dedicated to strengthening America’s long-term competitiveness in artificial intelligence (AI), announced today two additional sponsors of the AI Expo for National Competitiveness.
IDTechEx Explores the Role of 3D Cu-Cu Hybrid Bonding in Powering Future HPC and AI Products
04/18/2024 | PRNewswireSemiconductor packaging has evolved from traditional 1D PCB levels to cutting-edge 3D hybrid bonding at the wafer level, achieving interconnecting pitches as small as single micrometers and over 1000 GB/s bandwidth. Key parameters, including Power, Performance, Area, and Cost, are crucial considerations