Shifting toward Preventative Healthcare Models in the United States
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Shifting Toward Preventative Healthcare Models in Shifting Toward Preventative Healthcare Models in the United States the United States Analysis of Select Trends and Technologies Analysis of Select Trends and Technologies 9837 9837-54 54 January 2013 January 2013
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Transcript of Shifting toward Preventative Healthcare Models in the United States
Shifting Toward Preventative Healthcare Models in Shifting Toward Preventative Healthcare Models in
the United Statesthe United States
Analysis of Select Trends and TechnologiesAnalysis of Select Trends and Technologies
98379837--5454
January 2013January 2013
Contents
Section Slide Numbers
Executive Summary—Market Overview 3
Market Drivers and Challenges 17
Competitive Factors in the Market 19
Patient Education Segment 24
Aging in Place Segment 32
Remote Monitoring Segment 39
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Market Predictions and Technology Matrix 45
Appendix 54
The Frost & Sullivan Story 61
Questions This Study Will Answer
What are the needs of the patients of the future? What are the effects of rising healthcare costs?
What are the opportunities in shifting from treatment to prevention? What is driving preventativehealthcare?
Why are the patient education market, aging in place market and remote monitoring devicesmarkets growing?
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Source: Frost & Sullivan analysis,
markets growing?
Which companies and products are poised for success in the market?
What is the competitive space in the market? What is the relative performance of companies and products in different segments of preventative health?
What is the preventative technologies landscape? How do different technologies fit on the technology matrix?
Patient
Future: Patient as the Center of Focus
Shift in Focus in Healthcare
Hospital
Present: Hospital as the Center of Focus
Less-informedPatients
Invasive Procedures
Social Media
Personalized Medicine
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Patient
Source: Frost & Sullivan analysis.
UmbrellaMedicine
TreatmentFocus
TechnologyAccess
WellnessPrograms
Patients today have more access to health information than ever before. This leads to a patient base that is taken personal responsibility of their health and demanding more from their physicians.
Healthcare of the Future—Segmentation
Healthcare Future Market: Market Segmentation, United States, 2012
Healthcare Future Market
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Diagnosis Treatment MonitoringPreventative
Note: Segmentation is based on different phases in the patient cycle. The area in blue is the focus of this study. Others are topics for future Frost & Sullivan research.
Preventative: Prevention entails services focused on preventing diseases and managing preexisting conditions.
Diagnosis: Diagnosis is comprised of services that assist physicians in determining the wellness of the patient.
Treatment: Treatment encompasses services that help cure patients of their diseases or injuries.
Monitoring: Therapy embodies services that aid patients after their medical treatments.
Market Overview—Segmentation of Preventative Healthcare
Patient EducationAging in
Place
Preventative Healthcare Market: Market Segmentation, United States, 2012
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• Patient Education: Patient education includes systems that provide information, whether they may be mobile or online
guides about a specific medical condition or instructions for post-treatment care.
• Aging in Place: Out-of-hospital elderly care services allow elderly patients to manage their health in their own homes and
send relevant information to their healthcare providers.
• Remote Monitoring Devices: Remote monitoring devices enable patients to monitor their health in their residence and
communicate related information to their healthcare providers.
Remote
Monitoring
Devices
Source: Frost & Sullivan analysis
Market Drivers and Restraints
1–2 years 3–4 years 5 years
Unsustainable hospital cost burden actuates the
market for preventative technologies.
Prevalence of chronic diseases (such as diabetes and
cardiovascular disease) prompts an increase in the
demand for remote monitoring devices.
The increase in consumers who are taking
responsibility for their own health increases the
demand for preventative technologies.
Ma
rke
t D
riv
ers
Preventative Healthcare Market: Market Drivers and Restraints, United States, 2013-2017
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Deficiency of reimbursements restrains the use of
preventative technologies.
The economic crisis hinders the financing capabilities
of healthcare facilities.
Lack of patient engagement and physician motivation
impedes the use of preventative technologies.
demand for preventative technologies.
Ma
rke
t R
est
rain
ts
Impact: High Medium LowSource: Frost & Sullivan analysis.
Preventative Technologies Matrix
Chronic Disease
Management
Healthy
Hospital CareHospital Care
Health ManagementHealth Management
Core PreventativeCore Preventative
Y Axis–Health Condition
The higher a market is placed on
this axis, the more focus the
market has on chronic diseases.
• Treating and managing chronic
diseases usually require
significant training or medical
Preventative Healthcare Market: Preventative Technologies Matrix,
United States, 2012
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Healthy
Management
No Involvement High Involvement
significant training or medical
knowledge.
• Prices tend to be higher.
The lower a market is placed on
this axis, the more the market is
focused on the management of
health of healthy consumers.
• Ease of use and simplicity are
paramount with much lower
price points.
X Axis—Professional Involvement
Moving left horizontally on this axis increases the focus on the home
healthcare industry.
• Heavy focus on education about preventative technologies at home.
Moving left horizontally on this axis increases the focus on hospital
care.
• High-level medical professionals are involved, increasing healthcare
costs.
Source: Frost & Sullivan analysis.
Who is Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and
achieve best-in-class positions in growth, innovation and leadership. The company's Growth
Partnership Service provides the CEO and the CEO's Growth Team with disciplined
research and best-practice models to drive the generation, evaluation, and implementation
of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in
partnering with Global 1000 companies, emerging businesses and the investment
community from more than 40 offices on six continents.
To join our Growth Partnership, please visit http://www.frost.com.
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Our Global Footprint 40+ OfficesScanning the Globe for Opportunities and Innovation
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