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Home Tech Plus TECH & OTHER NEWS Home-based medical devices will bring
fundamental change in elderly healthcare landscape, says...
 * TECH & OTHER NEWS


HOME-BASED MEDICAL DEVICES WILL BRING FUNDAMENTAL CHANGE IN ELDERLY HEALTHCARE
LANDSCAPE, SAYS GLOBALDATA

By
Technology For You
-
November 26, 2023
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The demand for home-based medical devices is driven by an aging population,
advancements in technology, and the global shift towards personalized
healthcare. From glucose monitors for diabetics to wearable ECG monitors for
cardiac patients, the diversity of offerings is expanding rapidly. These devices
will fundamentally alter the healthcare landscape of the elderly and play a
pivotal role in patient-centric, preventative healthcare, according to
GlobalData, a leading data and analytics company.

GlobalData’s latest report “Aging Population and Medical Devices – Thematic
Intelligence,” illustrates the growing use of technology like remote monitoring,
virtual care, and artificial intelligence (AI) in home care, assistive, and
wearable devices. These innovations empower individuals to seamlessly track
chronic conditions and overall wellness in real-time. The aging population is a
captive market for the medical devices industry due to the rising demand for
home care solutions for the elderly.

Ashley Clarke, Medical Analyst at GlobalData, comments: “Investments in research
and development highlight a commitment to creating user-friendly, reliable
devices that cater to a spectrum of medical needs. These devices track health
indicators, integrate with healthcare networks, and act as emergency alert
systems, ensuring quicker intervention for safety concerns like an irregular
heartbeat or a fall.”

Though the shift towards home care for the elderly has been occurring for
several years, the COVID-19 pandemic accelerated device adoption and
development, resulting in a significant increase in the number of conditions
that can be managed in a home care setting. Preference for patient-centered,
consumer-driven healthcare is also growing.

Clarke continues: “These devices allow aging patients to function independently
and can reduce the costs and stress of constant care. Patients and caregivers
favor home care since it’s convenient and more accessible for those who have
disabilities, low mobility, or live far from their specialist or doctor. If
diagnosis or care can be completed at home, it reduces or eliminates the need
for routine in-person appointments, therefore minimizing patient exposure to
other illnesses and alleviating part of the burden on healthcare workers.”

The aging population also faces an increasing burden of chronic diseases, with
the elderly particularly susceptible to chronic conditions like heart disease,
respiratory disease, diabetes, and cancer.

Clarke concludes: “Addressing the unmet care and support needs of an aging
population is becoming an urgent public health priority for many countries. With
the climbing costs of health care services and hospital stays and shortages of
healthcare personnel, there is now more pressure on medical systems to provide
quality care with fewer resources. Remote monitoring, wearables, and connected
devices empower patients to take control of their health journey and will be
vital to prevent healthcare systems from becoming overburdened as the global
population ages.”


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Previous articleVC funding in China drops 29.1% YoY to $34.6 billion during
January-October 2023, finds GlobalData

Next articleEuropean Mobile Data Traffic will triple in next Five Years: GSMA
Report
Technology For You
https://www.technologyforyou.org
Technology For You - One of the Leading Online TECHNOLOGY NEWS Media providing
the Latest & Real-time news on Technology, Cyber Security, Smartphones/Gadgets,
Apps, Startups, Careers, Tech Skills, Web Updates, Tech Industry News, Product
Reviews and TechKnowledge...etc. Technology For You has always brought
technology to the doorstep of the Industry through its exclusive content,
updates, and expertise from industry leaders through its Online Tech News
Website. Technology For You Provides Advertisers with a strong Digital Platform
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