Tuesday, August 31, 2021

55% of US broadband households own a connected health device, a 30% increase from 42% in 2020

Essence USA, Rock Health, Samsung Electronics, Mayo Clinic, ADT and more address independent living, connected health solutions, and the future of healthcare delivery during Connected Health Summit

Parks Associates will host two virtual sessions tomorrow covering independent living solutions and new tech as part of the eighth annual Connected Health Summit: Consumer Engagement and Innovation. Parks Associates’ latest research reveals 55% of US broadband households own at least one connected health device, such as a smart watch or pulse oximeter. The executive event, sponsored by Alarm.com, Essence, and Everise, features virtual sessions throughout the year highlighting consumer data and industry insights examining connected solutions in the digital health markets.

“Independent Living: Opportunity for Smart Home Platforms” addresses the integration of connected health products in the home and the opportunity for smart home platforms to leverage the expanding ecosystem of connected devices. The session features Josh Locke, Vice President, Essence USA, and Adam Sobol, CEO, CareBand.

“I’m always excited to take part in the Connected Health Summit,” said Josh Locke, Vice President, Essence USA. “The connected health industry will see tremendous innovation and the proper momentum it deserves over the next few years. Most importantly, trends show that lifesaving technologies that prolong independence no matter where you live will be embraced more than ever.  The key is strategic partnerships, and this event is a perfect place to foster these.”

"For years we have been talking about the promise of smart technologies empowering older adults to age-in-place, but until recently there hasn't been the infrastructure to support these technologies,” said Adam Sobol, CEO, CareBand. “With the introduction of Amazon Sidewalk, MATTER, and Wi-Fi Sensing, the promise is turning into a reality.”

“Driving Innovation: New Investments and the Future of Healthcare" addresses business strategies for new innovations, the impact of new funding, and implications for the near- and long-term future. The session features Tom Cassels, President, Rock Health, and Amol Pangarkar, Director, Product Management, Samsung Electronics.

These interactive panels include the following executives:

  • Ijaz Arif, CEO and Chairman, VeeMed
  • Greg Baker, Managing Partner, Bascom Ventures
  • Paul Berney, CMO, Anthropos Digital Care
  • Andy Droney, Senior Director, Health & Innovation Programs, ADT
  • Maneesh Goyal, COO, Mayo Clinic Platform, Mayo Clinic
  • Scott McMillan, CEO, XCO
  • Dan Messina, President and Co-founder, HandsFree Health
  • Lainie Muller, Director, Health & Wellness, Strategic Sales, Alarm.com
  • Chuck Sabin, Senior Director, Market Development, Bluetooth SIG, Inc.

“It’s a pleasure to have the opportunity to share with my colleagues our vision and business strategies for new innovations and discuss implications for the future of healthcare,” said VeeMed CEO and Chairman Ijaz Arif. “At VeeMed, we find that large healthcare systems want to be able to do everything through one platform, especially if you look at it from providers’ perspective. They want to be able to do inpatient, outpatient, clinics, urgent care, and home health through one app. “I look forward to discussing concepts that drive these innovations, and specifically why RPMis the next level of telehealth, offering the same level of confidence patients would have if they were at a clinic, physician’s office, or in the hospital.”

"Using smart home security devices can help seniors age in place and make life simpler and safer for them while providing peace of mind to their caregivers or loved ones," said Andy Droney, Senior Director of Health and Innovation Programs at ADT. "In combination with medical alert systems and specially trained monitoring agents responding to emergencies, technology and ease of use for customers are key to the future of the connected health industry."

“The potential for IoMT in healthcare continues to grow. COVID-19 significantly accelerated a digital transformation in healthcare, which was already adopting more IoT-based medical devices and processes pre-pandemic,” said Chuck Sabin, senior director of market development, Bluetooth Special Interest Group (SIG). “With consumers more attuned to their health, and spending more time at home, we’ve seen a significant increase in the use of wearables and health monitoring devices for both personal use and telemedicine.  We expect shipments of Bluetooth-enabled devices in this category to exceed half a billion per year by 2025.”

For more information, visit www.connectedhealthsummit.com. To request data or an interview, contact Rosey Ulpino, rosey.ulpino@parksassociates.com, 972-490-1113.

About Connected Health Summit: Consumer Engagement and Innovation

Parks Associates’ Connected Health Summit is an executive conference focused on the impact of connected devices and IoT healthcare solutions on consumers at home.

Connected Health Summit provides insights on consumer behaviors and changing demands driven by the COVID-19 pandemic and new business models, IoT technologies, and deployments emerging to target these new needs. The conference addresses opportunities for new solutions, including smart home platforms, on-demand services, voice assistants, and wearables, to empower consumers, caregivers, and providers with new insight into patient health and to meet the growing demand for services in independent living, chronic care management, remote access to care, and wellness and fitness.

The ninth annual Connected Health Summit: Independent Living and Wellness will feature an in-person conference in September 2022 and virtual sessions on January 20: Health and Home: State of the Market; March 24: Telehealth and Remote Monitoring: Health to Home; June 16: Smart Home and Health: Modern Living; and October 6: Seniors and Caretakers: Living Independently.www.connectedhealthsummit.com

Follow the event on Twitter at @CONN_Health_Smt.

Next: Adoption of connected medical devices has increased to 25% of US broadband households in 2021
Previous: 73% of US caregivers likely to buy an independent living solution for their loved one


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