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Connected Care in North America - 2nd Edition

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    Report

  • 144 Pages
  • December 2022
  • Region: North America
  • Berg Insight AB
  • ID: 4793002

Connected Care Revenues in North America to Reach Us$ 40.4 Billion by 2027

Report Says 31 Million North Americans Used Connected Care Solutions in 2022

How should the mobile industry address the vast business opportunity in the connected care market? The analyst forecasts that the number of cellular connections in the connected care market in North America will increase from 19.6 million in 2021 to more than 36.6 million in 2027. Learn more about how wireless technology can become seamlessly integrated with a medical alert, connected medication management and remote patient monitoring (RPM) solutions in this 145 page in-depth report.

This report has found that around 30.7 million people in North America were using connected care solutions at the end of 2022. The figure refers to users of medical alert systems, connected medication management solutions and remote patient monitoring (RPM) solutions in Canada and the US. RPM is the largest segment of the connected care market with a total of 28.3 million users at the end of 2022. The market for medical alert systems is considerably smaller with an estimated total of 4.4 million users, whereas the number of connected medication management users reached 1.8 million users at the end of 2022. There is an overlap between the market segments as medical alert users can also be equipped with a medication management solution or an RPM solution, and vice versa. The market is forecasted to grow at a compound annual growth rate (CAGR) of 15.4 percent during the next five years to reach 62.7 million connected care users by 2027.

The leading use cases for RPM have thus far been sleep therapy monitoring. Patients that suffer from sleep-disordered breathing such as obstructive sleep apnea are typically prescribed an airflow generator, including continuous positive airway pressure, bilevel positive airway pressure and automatic positive airway pressure devices. However, many patients find the devices unpleasant to use and poor compliance is common. Payers are increasingly requiring that patients comply with their treatment plans to be reimbursed for the device which has driven equipment providers to connect the devices. ResMed is the largest player of connected airflow generators, partly thanks to the company’s decision to include a cellular IoT module as standard in its Air Solutions product family.

In the medical alert market, Connect America has emerged as the largest service provider after the acquisition of the Lifeline business from Philips in 2021, and is followed by Lively, Medical Guardian and Mobilehelp. The medication management market is still in an early phase and comprises several different types of solutions. The largest segment for connected solutions is injected medication, which is dominated by insulin pump providers such as Medtronic, Insulet and Tandem Diabetes Care. Other form factors such as such as connected medication caps, blister packs, pillboxes and pill dispensers are also starting to get traction. “There is especially an increasing interest from research organisations and pharmaceutical companies to use medication management solutions in clinical trials”, said Samuel Andersson, IoT Analyst.

The North American market for connected care solutions is affected by several trends and developments that will have an impact on the competitive landscape during the following years. Changing demographics is driving the demand for home care, while technological developments and regulatory changes affect the competitive landscape for solution vendors. The industry is becoming more patient-centric which calls for integrated systems and improved interoperability of connected care solutions. One example of this development is the on-going convergence of the medical alert and remote patient monitoring markets, where more and more medical alert providers have started to offer remote patient monitoring solutions. This includes integrated solutions that enable a combined delivery of medical alert and remote patent monitoring services. “Care providers will start to offer more and more proactive and predictive services, by continuously analysing user data and acting on abnormalities. Such solutions rely on data not only from medical alert devices, but also from other sources such as smart home sensors, healthcare records and connected medical devices”, concluded Mr Andersson.

This report will allow you to:

  • Profit from 20 executive interviews with market leading companies.
  • Identify key players in the connected care ecosystem.
  • Learn about the latest developments in connected care devices and services.
  • Understand the dynamics of the North American healthcare system.
  • Evaluate the business opportunities in the emerging connected medication management segment.
  • Benefit from expert market analysis including detailed market forecasts lasting until 2027.

This report answers the following questions:

  • Which are the main verticals within connected care?
  • What are the main drivers of this market in North America?
  • How many people are using connected care solutions in the US and Canada?
  • What are the general technology trends for connected care products?
  • Which are the leading medical alert system providers in North America?
  • How will the connected care market evolve in the next six years?
  • How are new reimbursement policies affecting the connected care market?
  • What is the potential market size for cellular IoT connectivity?

Who should read this report?

Connected Care in North America is the foremost source of information about the medical alert system, connected medication management and remote patient monitoring markets in this region. Whether you are an equipment vendor, care provider, telecom operator, investor, consultant, or government agency, you will gain valuable insights from our in-depth research.

Table of Contents


Executive Summary
1    Healthcare in North America
1.1    Introduction
1.1.1    The ageing population
1.1.2    Metabolic syndrome and lifestyle-related diseases
1.2    Chronic diseases
1.2.1    Cardiovascular diseases
1.2.2    Chronic respiratory diseases
1.2.3    Diabetes
1.2.4    Obstructive sleep apnea
1.3    Neurological disorders, mental disorders and physical disabilities
1.3.1    Autism spectrum disorders
1.3.2    Dementia
1.3.3    Epilepsy
1.3.4    Other disorders and disabilities
1.4    Healthcare systems
1.4.1    Healthcare
1.4.2    Long-term care
1.5    The regulatory environment
1.5.1    Medical device regulations
1.5.2    Medical data regulations
1.5.3    Standardisation

2    Medical Alert Solutions
2.1    Market overview
2.1.1    Form factors and use cases
2.1.2    Value chain
2.1.3    Competitive landscape
2.2    Solution providers
2.2.1    Aloe Care Health
2.2.2    Anelto
2.2.3    Climax Technology
2.2.4    Connect America
2.2.5    Essence Group
2.2.6    Freeus
2.2.7    Lively (Best Buy)
2.2.8    GTX Corp
2.2.9    HandsFree Health
2.2.10    Laipac Technology
2.2.11    Life Alert Emergency Response
2.2.12    LogicMark
2.2.13    Medical Guardian
2.2.14    MobileHelp
2.2.15    Mytrex
2.2.16    Nortek Control
2.2.17    QMedic
2.2.18    SecuraTrac
2.2.19    Vayyar Imaging

3    Medication Management Solutions
3.1    Market overview
3.1.1    Form factors and use cases
3.1.2    Competitive landscape
3.2    Medication management solution providers
3.2.1    AdhereTech
3.2.2    AceAge
3.2.3    Compliance Meds Technologies
3.2.4    etectRx
3.2.5    Hero Health
3.2.6    Information Mediary Corporation
3.2.7    Medipense
3.2.8    MedMinder
3.2.9    MedReady
3.2.10    Merck Group
3.2.11    Pharmadva
3.2.12    Propeller Health
3.2.13    SMRxT
3.2.14    Spencer Health Solutions
3.2.15    Vaica

4    Remote Patient Monitoring Solutions
4.1    Market overview
4.1.1    Form factors and use cases
4.1.2    Value chain
4.1.3    Competitive landscape
4.2    Solution providers
4.2.1    A&D Medical
4.2.2    Abbott
4.2.3    Accuhealth
4.2.4    AMC Health
4.2.5    Biofourmis
4.2.6    BioTelemetry
4.2.7    Biotronik
4.2.8    Boston Scientific
4.2.9    Care Innovations
4.2.10    CareSimple
4.2.11    Current Health
4.2.12    Dexcom
4.2.13    eDevice
4.2.14    Fisher & Paykel Healthcare
4.2.15    Get Real Health
4.2.16    Health Recovery Solutions (HRS)
4.2.17    Lark Health
4.2.18    Life365
4.2.19    Livongo
4.2.20    Masimo
4.2.21    Medtronic
4.2.22    Nonin Medical
4.2.23    Omada Health
4.2.24    Omron Healthcare
4.2.25    Philips
4.2.26    Raziel (Ideal Life)
4.2.27    ResMed
4.2.28    TytoCare
4.2.29    VitalConnect
4.2.30    Vivify Health
4.2.31    Withings

5    Market Forecasts and Conclusions
5.1    Market trends and analysis
5.1.1    An ageing population increases healthcare expenditures
5.1.2    The sunset of 2G/3G cellular networks have driven launches of 4G devices
5.1.3    Standalone systems to be replaced by platform solutions
5.1.4    Favourable policies that align financial incentives are driving RPM adoption
5.1.5    COVID-19 became a catalyst that spurred RPM adoption
5.1.6    The growth of lightweight solutions is broadening the market
5.1.7    The market for connected medication management is gaining traction
5.1.8    From remote patient monitoring to data-driven patient engagement
5.1.9    A growing market and new entrants lead to a changing market landscape
5.1.10    Convergence between medical alert systems and RPM solutions
5.2    Market forecasts
5.2.1    Medical alert systems
5.2.2    Medication management solutions
5.2.3    Remote patient monitoring solutions
5.3    Revenue forecasts
5.3.1    Medical alert systems
5.3.2    Medication management solutions
5.3.3    Remote patient monitoring solutions

Glossary
List of Figures
Figure 1.1: Population by age group and country (North America 2021-2050)
Figure 1.2: Prevalence of metabolic syndrome by country (North America 2020)
Figure 1.3: Prevalence of major chronic diseases by country (North America 2018)
Figure 1.4: Prevalence of dementia, ASDs and epilepsy by country (North America 2018)
Figure 1.5: Total and per capita healthcare expenditure by country (North America 2019)
Figure 1.6: Healthcare spending by type of service and product (Canada 2021)
Figure 1.7: Health insurance coverage by type of insurance (US 2021)
Figure 1.8: Healthcare spending by type of service and product (US 2020)
Figure 1.9: Long-term public healthcare expenditure by country (North America 2015)
Figure 1.10: Adults with limitations in ADLs and IADLs (US 2017)
Figure 2.1: Adoption of medical alert systems by country (North America 2021)
Figure 2.2: Number of medical alert systems by form factor (North America 2021)
Figure 2.3: The MobileHelp Duo combined in-home and mobile medical alert system
Figure 2.4: The medical alert system value chain
Figure 2.5: Leading vendors of medical alert systems by shipments (North America 2021)
Figure 2.6: Leading providers of medical alert services by users (North America 2021)
Figure 2.7: Overview of medical alert system providers
Figure 2.8: Lively’s medical alert device and smartphone
Figure 2.9: GPS SmartSole by GTX Corp
Figure 2.10: The LooK Watch I from Laipac Technology
Figure 2.11: The MXD-LTE from Mytrex
Figure 2.12: QMedic’s medical alert system
Figure 2.13: Vayyar Care’s monitoring sensor
Figure 3.1: Prescription medication use by country and age group (North America 2019)
Figure 3.2: Adoption of medication adherence solutions by country (North America 2021)
Figure 3.3: Examples of medication management solutions
Figure 3.4: Leading connected medication management solutions (North America 2021)
Figure 3.5: Medication management solutions by form factor
Figure 3.6: The AdhereTech Smart Pill Bottle
Figure 3.7: The RxPense connected medication dispenser by Medipense
Figure 3.8: Propeller Health’s asthma management app and inhaler sensor
Figure 3.9: The Spencer Smarthub from Spencer Health Solutions
Figure 4.1: Adoption of RPM by country (North America 2021)
Figure 4.2: Installed base by disease segment (North America 2021)
Figure 4.3: mHealth gateway form factors
Figure 4.4: Connected medical devices and the provision of care
Figure 4.5: Overview of the remote patient monitoring value chain
Figure 4.6: Connected sleep therapy solutions by vendor (North America 2021)
Figure 4.7: Connected CRM implants by vendor (North America 2021)
Figure 4.8: Overview of RPM solution providers
Figure 4.9: The Merlin.net interface, Merlin@home transmitter and the myMerlinPulse app
Figure 4.10: FreeStyle Libre 2 CGM system
Figure 4.11: Biotronik’s CardioMessenger Smart device
Figure 4.12: Latitude NXT wireless communicator
Figure 4.13: The Health Harmony solution
Figure 4.14: Current Health's HomeHub and wearable monitor.
Figure 4.15: The Ellie home dashboard
Figure 4.16: Livongo’s device kit for diabetes care
Figure 4.17: Omron Healthcare’s connected product family
Figure 4.18: ResMed myAir with the Care Check-In and Personal Therapy Assistant
Figure 5.1: Medicare chronic care spending (US 2007-2017)
Figure 5.2: Cellular connections in the connected care market (North America 2021-2027)
Figure 5.3: CMS reimbursement codes for RPM
Figure 5.4: Connected care users by segment (North America 2011-2027)
Figure 5.5: Medical alert system users (North America 2021-2027)
Figure 5.6: Medication management users (North America 2021-2027)
Figure 5.7: RPM users by disease segment (North America 2021-2027)
Figure 5.8: Connected care revenues by segment (North America 2021-2027)
Figure 5.9: Medical alert system revenues (North America 2021-2027)
Figure 5.10: Medication management revenues (North America 2021-2027)
Figure 5.11: RPM revenues by value chain activity (North America 2021-2027)

Samples

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Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • A&D Medical
  • Abbott
  • Accuhealth
  • AceAge
  • AdhereTech
  • Aloe Care Health
  • AMC Health
  • Anelto
  • Biofourmis
  • BioTelemetry
  • Biotronik
  • Boston Scientific
  • Care Innovations
  • CareSimple
  • Climax Technology
  • Compliance Meds Technologies
  • Connect America
  • Current Health
  • Dexcom
  • eDevice
  • Essence Group
  • etectRx
  • Fisher & Paykel Healthcare
  • Freeus
  • Get Real Health
  • GTX Corp
  • HandsFree Health
  • Health Recovery Solutions (HRS)
  • Hero Health
  • Information Mediary Corporation
  • Laipac Technology
  • Lark Health
  • Life Alert Emergency Response
  • Life365
  • Lively (Best Buy)
  • Livongo
  • LogicMark
  • Masimo
  • Medical Guardian
  • Medipense
  • MedMinder
  • MedReady
  • Medtronic
  • Merck Group
  • MobileHelp
  • Mytrex
  • Nonin Medical
  • Nortek Control
  • Omada Health
  • Omron Healthcare
  • Pharmadva
  • Philips
  • Propeller Health
  • QMedic
  • Raziel (Ideal Life)
  • ResMed
  • SecuraTrac
  • SMRxT
  • Spencer Health Solutions
  • TytoCare
  • Vaica
  • Vayyar Imaging
  • VitalConnect
  • Vivify Health
  • Withings

Methodology

 

 

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