The number of people monitored using mobile telecare systems in Europe and North America was about 450,000 at the end of 2015 according to a new research report from the M2M/IoT analyst firm Berg Insight. Growing at a compound annual growth rate (CAGR) of 40 percent, this number is expected to reach almost 3.4 million by 2021.
There are several types of monitoring systems that can help elderly and people with cognitive disabilities to live independently in their homes for as long as possible. These assistance systems are usually called telecare systems, telecare alarms or social alarms in Europe and Personal Emergency Response Systems (PERS) or medical alert systems in North America. Berg Insight estimates that there were close to 5.0 million telecare alarms in the EU28+2 and about 2.2 million PERS systems in North America at the end of 2015. The penetration among people 65 years and older is typically 3–5 percent in many countries in Western Europe and North America. “Many insurance and social care programmes now aim to reduce healthcare costs by providing care at home by using technologies like telecare and telehealth systems”, said André Malm, Senior Analyst at Berg Insight.
“Telecare service providers and carers are showing increasing interest in mobile telecare solutions that are better suited for some users than traditional systems that only work indoors”, added Mr. Malm. Mobile telecare systems are portable and incorporate cellular connectivity as well as GPS to support the needs of elderly with active lifestyles. Some mobile telecare systems are also designed to assist people suffering from Alzheimer’s and dementia that are prone to wandering, as well as people with autism and epilepsy or other medical conditions such as certain forms of cardiac arrhythmia and diabetes. Several companies are now offering telecare systems in the form of wristwatches or wearables. Many different form factors are likely to co-exist since the needs of the users can vary considerably depending on their age, medical condition or cognitive ability. Moreover, the product design is also becoming more important for devices aimed at the growing number of active seniors. “The look and feel of mobile telecare devices can be very important in some segments since many users do not want to feel embarrassed by wearing a device that can be perceived as age-defining”, concluded Mr. Malm.
Download report brochure: People Monitoring and Safety Solutions – 4th Edition
About Berg InsightSplunk Inc.
Berg Insight is a dedicated M2M/IoT market research firm based in Sweden. We have been specialising in all major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, smart cities, mHealth and industrial M2M since 2004. Our vision is to be the most valuable source of intelligence for our customers. Berg Insight offers numerous market reports, detailed market forecast databases and advisory services. We provide custom research tailored to your requirements including focussed research papers, business case analysis, go-to-market strategies and bespoke market forecasting. We have provided analytical services to 850 clients in 70 countries on six continents to date. Our customers range from many of the world’s largest mobile operators, IT companies and telecom vendors, to venture capitalists, technology start-ups and specialist consultants.
For additional information, please contact:
Johan Fagerberg, CEO
Phone: +46 31 711 30 91
Unsubscribe from Berg Insight press release list