DALLAS /PRNewswire/ -- By 2012, more than 3.4 million U.S. senior citizens will be using networked sensor applications in their homes to help monitor and improve their health, according to Parks Associates' "Sensor Technology for Home Health Applications." This report projects innovation in sensor technologies will make these devices lighter, smarter, and more reliable, driving adoption for home-based medical applications over the next five years.
Parks Associates also cautions, in addition to technological challenges, sensor-based home-care monitoring applications must win consumers' trust and gain recognition in multiple industry sectors, from caregivers to insurers, to realize their full potential.
"The question of who should pay is the key to promoting healthy demand for sensor-based senior care applications," said Harry Wang, Senior Analyst, Parks Associates. "The industry will grow even faster if consumers, government Medicare and Medicaid programs, long-term care insurance underwriters, and retiree health-benefit insurers all chip in to finance these new technologies."
"Sensor Technology for Home Health Applications" is the latest report in Parks Associates' Digital Health Syndicated Research Service. The report highlights major technology trends for sensors, including ECG electrodes, blood glucose sensors, SpO2 sensors, respiratory-rate sensors, activity sensors, and emerging Body Sensor Network applications.
Parks Associates' Harry Wang will discuss these and other digital health issues in the session Opportunities in the Digital Health Market at 2008 International CES on January 8, 2008, 12–1 p.m.
For additional information on "Sensor Technology for Home Health Applications," contact 972-490-1113 or [email protected].
About Parks Associates Digital Health Research
Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Parks Associates envisions pervasive adoption of digital technology within the global healthcare system and a drastic transformation of how healthcare and wellness aids are delivered to consumers in the future.
Our research clarifies the opportunities and challenges for technology vendors, healthcare providers, and companies considering entering this changing market.
Parks Associates' expertise includes new media, digital entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, consumer electronics, and home control systems and security.