Abstract
SYNOPSIS
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
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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