ON World



Datasets-as-a-Service:
Connected Health: Assistive Care IoT: Medication Management


Smart Dispensing, Smart Inhalers, Digital Health Companions


ON World Differentiators:

* Decades of industry experience
* Primary research investigation
* Technology expertise
* Actionable data
* Customized to your needs

Customized Market Research Data:

ON World's market research is used by Fortune 1000 companies, investors, startups and developers worldwide.

Our datasets include market size forecasts, ecosystem surveys and other market data, customized to your specific needs.

Delivery format: Excel, PPT



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Synopsis:

Medication compliance-- defined as consistently taking the correct dose of specific medications at the correct time-- is essential to ensuring health outcomes and reducing costs. The National Institutes of Health estimates that medicine adherence could save a minimum of $100 billion per year due to avoiding adverse drug interactions, avoid falls, reducing hospital admissions and improving health outcomes.

There have been numerous innovations to help improve medicine adherence including automatic dispensing systems and RFID/barcode technology. Limitations are that these lack two-way communications with the user or care providers to support and encourage compliance.

Internet-connected, smart dispensing systems are a growing trend. In addition to dosage tracking and/or automated dispensing, these systems provide personalized reminders and a variety of communications options to connect patients with caregivers for optimal adherence.

These systems also provide cloud-based data analytics and the ability to connect with other digital health systems for remote monitoring and virtual doctor visits. This is essential to support the growing reimbursement opportunities for Remote Therapeutic Monitoring (RTM) in the proposed upcoming revisions to the 2022 Medicare Physician Fee Schedule.

The nascent medication management IoT market will increase by 600% between 2020 and 2026 to reach $276 million in annual revenues in North America by this time. Smart inhalers will have the fastest growth over the next few years due to the recently established RTM fee-for-service codes by CMS and likely similar reimbursement options by private payers.

This research service is based on ongoing phone interviews and surveys with thousands of consumers and hundreds of retailers, healthcare organizations, home service providers and vendors. It provides extensive data on assistive care IoT technologies focused on the medication management segment. Your customized data includes 6-year market size forecasts for North America total users/patients and revenues (equipment and services).



MARKET SIZE FORECASTS:

ON World's granular connected health market size forecasts are by product segment and other product feature variations with breakdowns by country and distribution channel. Our forecasts are continually updated and are customized to meet your specific needs.

Product Segments:

Smart Dispensers
Digital Health Companions
Smart Inhalers

Standard Breakdowns:

Region: North America (US, Canada)
Historical Data: 2 previous years
Projections: 6 years including the current year
Forecast unit: Total subscribers/users, equipment device shipments and revenues (equipment and services)
Equipment ASP: Retail price
Channels: Primary Care, Home Health, Senior Living, Retail/Pharmacy, Direct to Consumer

Optional Breakdowns:

Specific product segment(s)
Product feature/function
Service revenues
Channel segments
Market shares

Delivery Format: Excel



ECOSYSTEM RESEARCH DATA:

ON World's ecosystem research data is based on ongoing surveys with organizations across the whole connected health value chain. Your dataset is customizable using our latest survey data or we can conduct a new survey(s) to investigate your unique market needs.

Examples of recently surveyed ecosystem segments include:

Consumers:

Connected health users/early adopters 55+
Likely future connected health users 55+
Caregivers
Broadband users

Healthcare/Senior Living:

Primary Care
Home Health
Senior Living Facilities
Health Insurance Companies
Other Senior Service Providers

Retail Store/Pharmacy Sales Reps:

Electronics Outlets (e.g. Best Buy, The Source)
Pharmacies (e.g. CVS, Walgreen's)
Mass Market chains (e.g. Walmart, Target, Canadian Tire)
Hardware stores (e.g. Ace Hardware)

Professional Installers:

CEDIA dealers
Electric/medical professionals
Home builders
Contract installers

Service Providers:

Utilities
Security services
Cable/telco operators

Online Product Listings:

5,000+ product listings from dozens of web storefronts (Amazon.com, Bestbuy.com, etc.)
1+ million ratings/reviews
Tracking sales growth, pricing, features, consumer feedback

Vendors/Suppliers:

Platform providers
Device manufacturers
Software developers
Component suppliers

Delivery Format: PPT


PRIMARY RESEARCH:

Every year, ON World surveys thousands of individuals in the connected health ecosystem including:

End User Datasets:

Early adopting consumers aged 55+
Early majority consumers aged 55+
Caregivers to seniors/disabled adults
Healthcare/senior living organizations
Home security providers
Cable/Internet service providers
Telecom operators
Professional installers
Retail outlets (e.g. Best Buy, Home Depot, Walmart)

Technology Companies:

Every quarter, ON World conducts hundreds of interviews and surveys with executives and product managers with leading manufacturers, software developers, component suppliers, and platform providers involved with connected health and IoT markets. Examples of recently interviewed/surveyed companies include:

Assisted Care IoT Systems & Services:

AdhereTech
Adherium
ADT
Alarm.com
Aloe Care Health
Amazon
Appello
Assistive Technology Services
Bay Alarm Medical
Best Buy
BreatheSuite
Buddi
CarePredict
CARU Care
Catalia Health
Comcast Xfinity Home
Connect America
Control4 (Snap One)
Domalys
DomoSafety
Doro
Essence Group
Evondos
FallCall Solutions
Freeus
GrandCare Systems
HERO
HelpButton
Independa
Innospense (Medido)
Intelisant (Howz)
Intelligo Technologies
IQfy
iZafe
Just Checking
K4Connect
Legrand
Libify
Limmex
LifeFone
MedaCube
Medical Guardian
Medimi
MediPENSE
MedMinder
MedReady


MobileHELP
Navigil
Nice/Nortek Control
Oysta Technology
PharmRight
Phoniro (Assa Abloy)
Pillo Health
Posifon
Propeller (ResMed)
Quil Health
Reemo Health
SafelyYou
Sanvis Health
Sensara
SensorsCall
Skyresponse
SmartLife Care
Smartwatcher
SOFIHUB
Stanley Black & Decker
Trelawear
Tunstall
UnaliWear
Vayyar
Vitalbase (Telecom Design)
Vivago
Vivint Smart Home
Zanthion (OM Veritas)

Healthcare/Senior Living:

AARP
AmeriHealth Caritas
Ascension Health
Common Spirit
Era Living
Eskaton
HCA Healthcare
Horizon House
Kaiser Permanente
Masonic Village
Phoebe
Providence Health
Trinity Health
Veteran's Health Administration (VHA)
Valeo Groupe Americas



Methodology Workflow:

Forecast Summary
Forecast Scope
Methodology


I. Ecosystem Analysis

Market Drivers
Aging Senior Population
Informal (Unpaid) Caregivers
Chronic Disease Management
Senior Living Communities
Income & Labor Trends
Household Income
Labor Participation
Health Trends
Regulations
Venture Capital Investment
Consumer IoT Innovations
Senior Technology Trends
Broadband
Smartphones
Other Smart Devices

II. Technologies & Standards

Competing alternatives
Emerging technology trends
Bluetooth Low Energy
Wi-Fi
Zigbee/Thread/Matter
Connectivity Standards Alliance (CSA)
Open Connectivity Foundation (OCF)

III. Value System

Product segmentation
Market leaders
Innovators/Disruptors
In-depth investigation and analysis of top 40 companies that are having the biggest impact on the assisted care IoT medication management ecosystem today.
Current offerings, products and services, pricing, differentiators
Financials, partners, go-to-market strategy
Standards supported, software, tools, integration, key features...

IV. Primary Research

Ecosystem Surveys:

Conduct surveys with older adults and caregivers to learn recent adoption trends, preferences and likelihood of future purchases.

Sample survey questions:

Health Conditions
Living Arrangement
Internet-connected Devices
Smart Home Systems
Medical Alert Systems
Connected Health Devices
Sharing Health Data
Home Monitoring Service
When Likely to Adopt
Planned Assisted Care IoT Products
Important/Most Important Features
Preferred Brands
Preferred Channels
Reasons for Not Adopting
Maximum Spending

Other ecosystem stakeholders we regularly survey include retail sales reps, professional installers, home service providers, builders and vendors/suppliers.

Online Product Analysis:

Our proprietary database includes thousands of online smart home product listings and over a million consumer reviews that are continually categorized, filtered and analyzed.

V. Market Size Forecasts

Product segmentation
Region/channel segmentation
Financials/industry trends
Consumer confidence
Healthcare data models
Senior Living data model
Retail/pharmacy data model
DTC data model
Total subscribers/users
Average recurring (service) revenue/user (ARRPU)
Services revenues
Device unit shipments
Average sale prices (ASP)
Equipment revenues



About ON World:
ON World provides business intelligence on Internet of Things markets. Since 2003, our market research has been used by Fortune 1000 companies, investors and IoT developers worldwide.