Revenues from digital home health services to top $2,1 billion in 2010

Dallas 02 March 2006Revenue from digital home health services in the United States will quadruple over the next five years to exceed $2,1 billion in 2010, according to "Delivering Quality Healthcare to the Digital Home", a new report from Parks Associates. The two fastest growing areas, wellness monitoring services and e-health services, will both achieve a compound annual growth rate (CAGR) of over 50 percent over the next five years, while geriatric care monitoring services will achieve a CAGR of 22 percent and acute care monitoring services a CAGR of 35 percent over the same time period.

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"Due to the aging population in the United States and the gradual change in the health care service model from clinical intervention to preventive care, home-based health care services demonstrate strong long-term growth potential", stated Harry Wang, research analyst at Parks Associates.

"Delivering Quality Healthcare to the Digital Home" is less bullish on the industry's near-term growth potential, however, which is inhibited by several factors, including a lack of documentation on the clinical efficacy and financial benefits of home care services. As a result, payers in both private and government sectors are less likely now and in the next two years to pro-actively reimburse care providers for these types of services.

"This industry will start to grow rapidly around 2008-2010, when enough clinical data and cost-saving evidence exist to influence payers' attitudes towards home-based care services", Harry Wang stated. "Meanwhile, services that are easily comprehensible to consumers and subject to less stringent clinical standards, such as e-health services and wellness monitoring, will see faster adoption by consumers, service providers, and payers."

"Delivering Quality Healthcare to the Digital Home" is a comprehensive industry report analysing the emerging technologies and their applications in the health care industry. Using data from Parks Associates' recent survey "Bundled Services & Residential Gateways: 2005", it focuses on products and services that help consumers manage their chronic disease states at home through advanced communication tools, self-diagnostic devices, and home-monitoring appliances. The report also examines incentives, regulatory and reimbursement issues, and the drivers and barriers for the implementation of home-based care services. Finally, the report profiles emerging players and offers a future roadmap for this industry.

Parks Associates is a market research and consulting firm focused on all product and service segments that are "digital" or provide connectivity within the home. The company's expertise includes home networks, digital entertainment, consumer electronics, broadband and Internet services, and home systems. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, multiclient studies, consumer research, workshops, and custom-tailored client solutions. Parks Associates also hosts Fall Focus and co-hosts CONNECTIONS, in partnership with the Consumer Electronics Association, each year.

For additional information on "Delivering Quality Healthcare to the Digital Home" or "Bundled Services & Residential Gateways: 2005", you can send an e-mail to the Parks Associates' Sales Department.


Leslie Versweyveld

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