Technology can enable lower costs and better patient care as healthcare increasingly moves from the hospital to the home
A new report from examines the emerging digital health industry, with a focus on how the Internet of Things (IoT) is disrupting healthcare and moving it to the home.
As global demand and cost for healthcare continue to rise, providers and patients are looking to technology for cost-effective solutions. A variety of smart home technologies that leverage the IoT are helping to lower costs and improve patient care by engaging consumers with real-time information through web portals and mobile apps, as well as other innovations. : According to a new report from , opportunities for stakeholders are increasing as healthcare becomes an emerging value proposition for the smart home.
“The nexus of IoT and health ultimately puts power in the hands of consumers and enables self care,” says Paige Leuschner, research analyst with Navigant Research. “This has the potential to revolutionize the healthcare industry and contribute to the emergence of healthcare as a value proposition for the smart home, creating opportunities for a range of stakeholders to capitalize on.”
According to the report, now is the time for industry players—from technology startups to service providers to large tech incumbents—to find innovative ways to engage consumers, explore new business models, and create new revenue streams in the home.
The report, , discusses how the convergence of smart home value propositions provides new opportunities for stakeholders to introduce innovative digital health solutions to bring efficiencies and enhancements to a traditional market. It also provides recommendations on how players in the smart home and health industries can address the smart home lifestyle and seize digital health market opportunity while there is momentum. An Executive Summary of the report is available for free download on the .
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Capitalizing on the Nexus of IoT and Home Healthcare, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.