Presented by Reenita Das
Partner, Senior Vice President Transformational Health
Frost & Sullivan


In this excerpt from the Growth, Innovation and Leadership: A Frost & Sullivan Executive Summit Chronicles, Frost & Sullivan Partner Reenita Das provides a glimpse of what the near future (and present) in connected home healthcare will consist of. Read on for key take-aways and trends highlighting the technologies and products and services that will help connect consumers to better healthcare.

In healthcare, the ‘anytime, anywhere care’ trend is driving several technology and care delivery innovations. One of the results is care delivery moving away from traditional settings towards the home, where patients spend most of their time. The hope with these trends is to catch diseases early on, and enable populations to live longer, healthier lives.

In parallel, the consumer industry is seeing the emergence of smart homes, or with the current maturity levels – connected homes. With telemedicine and remote patient monitoring concepts, healthcare as an industry is already leveraging technology for chronic disease management and post-acute care. This advancement provides the potential for healthcare to leverage the connected home concept to move beyond ‘sick care’ to actual ‘health care’, where preventive care techniques can truly be employed.

• Insight into how leading companies are enabling healthcare management outside traditional care delivery centers
• An update on the convergence of technologies that are being piloted to enable health monitoring, beyond the traditional definition of home health monitoring
• Key considerations and challenges in implementing regulated health technologies in a consumer environment of a connected home

The average healthcare cost of a person over 65 is $80K-$120K. There are 10,000 people turning 65 every day. 80% have at least one chronic disease. Cost per capita goes up with age significantly.

Back to the Future 2030 Will Include:
• Grandma with a smart toilet looking at blood glucose in the urine and sending the information to her primary care physician
• Teenager who is not sleeping well and exhibits other symptoms picked up by smart tools receives a potential depression diagnosis

Current Global Connected Home Penetration
Percentage of homes with at least five devices tracking health:
• U.S. – 32%
• Norway – 31.6%,
• Estonia – 26.8%

Health and wellness is forecast to have the highest growth rates for the connected home, even if media and entertainment is far bigger overall.

Primary Area of Focus and Impact
• Aging-in-place
• Maternal infant and child health
• Chronic disease management
• Post-acute care monitoring
• Health and wellness for all
• Care for physically and intellectually disabled

Growing Old in a Smart Home Can Include:
• Safety and security
• Antidotes to isolation and loneliness
• Better health and wellbeing
• Smart home features for aging-in-place
o On-body wearables
o Bathroom, bedroom sleep quality monitoring
o Social engagement tools, etc.

Current Home Healthcare Ecosystem
• Very few traditional healthcare technology companies
• Smart home competitive landscape – IT, telecommunications and real estate companies all involved
• Connected medical devices companies as well
• Aging in place, chronic disease management companies

Technology Interventions for Medical Specialties
• Siloed solutions provide disease specific insights
• In the future, these platforms will be integrated together

Impact on Healthcare Companies
• Opportunities for partnerships, data truly is a new currency
• Key question: how to make data actionable?
• Product + service + intelligence for real-world evidence

Top Growth Opportunities
• Cloud computing
• Data analytics
• Remote patient monitoring
• AI

Who Owns the Data?
• By 2020, there will be 44 ZB of healthcare data
• Healthcare experiences twice the number of cyberattacks as other industries

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