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Parks Associates: 117 Million Americans Will Need Caregiving Assistance by 2020




DALLAS, TX — (Marketwired) — 04/28/16 — A recent study by and finds that 117 million Americans will need caregiving assistance by 2020, either as care recipients or family caregivers. Currently in U.S. broadband households spend over an hour a day performing their caregiving tasks, and as their numbers increase, the demand for connected health solutions to alleviate their workload will increase.

Parks Associates will address developments in connected health and its role to promote independent living at home, as well as the next steps for a more holistic connected home experience, at the 20th-annual , taking place May 24-26 in San Francisco.

“The connected health market represents several interesting use cases that cross over to the smart home industry,” said , Senior Research Director, Parks Associates. “Consumers spend less than 1% of their time interacting with the healthcare system. Home, on the other hand, is where consumers spend most time with their family, care for themselves and others, and enjoy life — food, drink, exercise, sleep–experiences that also impact their health and well-being.”

Wang will discuss innovations that will increase consumer interest with connected health devices during

The session “IoT: Smart Home and Connected Health Applications,” Tuesday, May 24, 1:15 P.M., features the following speakers:

Joe Liu, CEO, MivaTek / Home8
Kian Saneii, Chief Executive Officer, Independa, Inc.
Tim Smokoff, Group Vice President, Health & Wellness, Nortek Security
Krijn van der Raadt, Vice President of IT and Software Development, GreatCall
Gene Wang, CEO and Co-founder, People Power

“As we move from –patient-centric– to –person-centric,– from the institution to the residence, and in general from –volume-based– to –value based– healthcare, the future of healthcare is happening in the consumer–s home,” said , Chief Executive Officer, Independa, Inc. “The winning solutions in this area are all about integration, consumerization, and the seamless extension of traditional healthcare institutions into the person–s residence.”

“One of the most important things we can do is to take good care of the people who loved us the most, when we were little,” said , CEO of People Power. “The Internet of Things enables senior care, allowing our elders to age with dignity in their own homes.”

The session “IoT: Wearables and Smart Home Use Cases,” Wednesday, May 25, 4:30 P.M., features the following speakers:

Dave Evans, CTO, Stringify
Francis Hoe, Operations Manager, Misfit Wearables, a Fossil Company
Mark Prince, Vice President Consumer Business, Withings

“Rarely does a technology come along that is so transformational, that it has the power to shape how we work, play, and live,” said , CTO, Stringify. “While IoT holds great promise, it comes with its own set of challenges. Ease of use often takes a backseat to complexity. Interoperability issues guarantee that not all of your connected things work with other connected things. Consumers are often forced into IoT ecosystems limiting their options. The true power of IoT often hides behind an alphabet soup of acronyms and standards that confuses instead of clarifies. Technology should be simple yet powerful, and it should work for you (not the other way around).”

The session “Consumerization of Healthcare: Trends and Technology,” Thursday, May 26, 11:15 A.M., features the following speakers:

Nancy Green, Global Practice Lead – Healthcare, Verizon
Kyle Kline, Telemedicine Product Marketing Manager, A&D Medical
Dr. Sanjay Patil, CMIO, MDLive
Casey Pittock, President and CEO, Tunstall Americas
Lisa Uhrmacher, Director of Strategic Partnerships, Vodafone

“Health IT is playing a crucial role in the advancement of patient-centric care,” said , Telemedicine Product Manager for A&D Medical. “By providing consumers with easy-to-use tools to improve behavior modification, increase education, and provide actionable feedback, we can help prevent or delay the onset of chronic illnesses.”

“There has been a shift in demand over the past 15 years from the end user to the caregiver, in terms of what we now call smart home connected health technology and services,” said , CEO of Tunstall Americas. “The caregiver is in control, making decisions for their aging family member, or in the case of professional caregivers, for their patients – and as a world leader in connected healthcare, it is incumbent on us to effectively raise awareness with these caregivers about the innovative and affordable solutions available to help people stay healthy and safe at home.”

“Healthcare is taking up a large part of the IoT, driven in large part by the demand for change in service delivery and quality, but many of the most at-risk consumers are still under-informed about new wellness options in the smart home,” Wang said. “CONNECTIONS will highlight new business models using connected devices to engage consumers and strategies to target key consumer segments with IoT solutions.”

CONNECTIONS will feature from Amazon, Comcast, and Vivint Smart Home. For more information on CONNECTIONS, visit . Follow the conference on Twitter at @CONNECTIONS_US, #CONNUS16, and on the .

will feature software, hardware, middleware, services, and corollary products and solutions in digital entertainment, home networking, home systems, broadband access, residential gateways, energy management, and mobile entertainment.

include Reception Sponsors CEL and Zonoff; Session Sponsors Icontrol Networks and PlumChoice; Lunch Sponsor NXP; Silver Sponsors Alarm.com, Assurant, Asurion, Centercode, ROC-Connect, Support.com, ULE Alliance, WiZR, ZigBee Alliance; Bronze Sponsors Ayla Networks, Cirrent, EVRYTHNG, Flextronics, Honeywell, HP, iQor, People Power, PlanetEcosystems, WeatherBug Home, and Z-Wave; Program Guide Sponsor Vivint; Breakfast Sponsors Greenwave Systems and leakSMART; and Break Sponsors Home8, Home Advisor, Nortek Security & Control, and Tyco.

To schedule an interview with an analyst or request specific research, contact Holly Sprague at , 720.987.6614.

Parks Associates– 20th-annual CONNECTIONS: The Premier Connected Home Conference will take place May 24-26 at the Hyatt Regency San Francisco Airport in San Francisco. CONNECTIONS hosts over 650 executives from the connected entertainment, IoT, and smart home industries and is focused specifically on business strategies to fully engage consumers in the connected home experience.

The event provides networking opportunities and insights from industry players in entertainment, mobile, and smart home market segments. Parks Associates– analyst team highlights consumer and industry research throughout the event, including technology adoption and trends, product and service forecasts, evaluation of new business strategies, and recommendations about technology innovations, strategic partnerships, monetization opportunities, and value-added services. Throughout the three-day event, sponsors offer tabletop demos during networking events, spotlighting new technology innovations and services.

For more information, visit .

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Holly Sprague
Parks Associates
720-987-6614





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