According to a new report from ABI Research, over the next five years a new generation of elderly home care services will drive wearable device shipments to more than 44 million by 2019 (that’s up from 6 million in 2013).
Shipments of wearable devices linked to elderly care systems will more than double in 2014 from the previous year.
Tech-savvy families are turning to home monitoring solutions to make sure that their aging family member’s safety and wellness are being monitored. Niche players including BeClose, GrandCare Systems, and others have emerged to capitalize on a combination of market demand and the potential to leverage connected devices and systems.
Live!y’s re-launch included a watch that offers activity tracking alongside personal emergency response services, and AT&T has added elderly care monitoring to its Digital Life package. These companies reflect how device manufacturers and service providers are targeting the elderly market — a market teeming with aging folks opting for independent living.
With the increasing adoption of home monitoring, the remote monitoring market has drawn Samsung, Google, and Apple into developing devices and platforms to capture health and activity data for consumers who want more detailed and less intrusive systems than traditional personal emergency response offerings.