Home Health Sensor Market to “Explode” to $1.2 Billion
The market for home health sensors is expected to “explode” over the next four years, with an estimated market potential of $1.2 billion by 2018.
In large part due to the surge in the aging population over 60, which is anticipated to grow from 16% to 25% of the population from 2000 to 2050, alternative care options including technology to aid in home care, are expected to boom, according to a market technology analysis by Research and Markets.
The report spans devices including Accelerometers, barometers, electrochemical biosensors, flow sensors, gyroscopes, humidity sensors, IR temperature sensors, magnetometers, microfluidic chips, microphones, photodetectors, pressure sensors, proximity IR sensors, RF MEMS, RFID, and strain sensors—offering multiple applications from fall detection to tremor monitoring.
The research concludes that home care sensors will become an essential component of caring for the aging population.
“Transferring a patient from a hospital to his/her home implies a relocation of care systems,” Markets and Research finds. “In order to maintain the same level of care quality with less human involvement, home care sensors are vital replacements for specific applications ordinarily performed by nurses, such as guaranteeing the patient’s comfort, ensuring their safety, monitoring body parameters and treatments, and drug delivery.”
Written by Elizabeth Ecker