Research and Markets - Great Potential for eHealth Solutions Providing Care for Elderly in their own Homes as opposed to Hospital
Research and Markets has announced the addition of Care for the Aged - Long Term Problem or Long Term Opportunity to their offering.
(PRWEB) October 25, 2004
Research and Markets (http://www. researchandmarkets. com/reports/c7864 (http://www. researchandmarkets. com/reports/c7864)) has announced the addition of Care for the Aged - Long Term Problem or Long Term Opportunity to their offering.
IT vendors faced with slowing, or flat, corporate and consumer markets could derive valuable revenue growth by building ehealth solutions which provide care for the elderly in their own homes as opposed to hospital. As well, demographic trends indicate that the elderly represent a customer base that will still be expanding in 2050.
Over the next two decades the number of people aged 65 and over is set to rise by 40%. This could see the annual budget for long-term care grow from £11 billion to £15.4 billion. The government recently allocated £100 million to be spent on schemes to ease bed blocking in NHS trust hospitals. Bed blocking or 'delayed discharge' is caused by a growing number of elderly people who need long term care after operations.
This report warns investors and IT companies that some parts of the ehealth market could soften. The pensions crisis, and any future fall in house prices, could reduce the disposable income of tomorrow's senior citizens. At the moment the elderly themselves pay £4 out of every £11 spent on long term care. This figure could fall, hitting suppliers who are targeting the private market for home health monitoring products. As well the government may introduce fines for local authorities whose elderly citizens are causing bed blocking. This may reduce cooperation between local authorities and NHS trusts that are already jointly working on ehealth projects.
This report will benefit:
Pension and insurance companies. Healthcare providers. Mobile network operators. Care home operators. Government health departments. eHealth equipment vendors. Investors in the healthcare sector. Other organisations active in ehealth provision.
Topics Covered:
Fit – But Not For Work The Real Impact Of The Elderly On The NHS The Cost Of Living – And Dying The Walking Wounded Bed Blocking Opportunities And Challenges Financial Challenges Technological Challenges Risks And Strategies Conclusions Vendor Profiles And Analysis Docobo Roke Manor Research Tunstall And Hanover Scotland
For more information visit http://www. researchandmarkets. com/reports/c7864 (http://www. researchandmarkets. com/reports/c7864)
Laura Wood
Senior Manager
Research and Markets
Press@researchandmarkets. com
Fax: +353 1 4100 980
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