As Healthcare Becomes a Value Proposition for the Smart Home, Navigant Research Expects a Range of Opportunities for Stakeholders

Technology can enable lower costs and better patient care as
healthcare increasingly moves from the hospital to the home

BOULDER, Colo.–(BUSINESS WIRE)–#DigitalHealth–A new report from Navigant
Research examines the emerging digital health industry, with a focus
on how the Internet of Things (IoT) is disrupting healthcare and moving
it to the home.

As global demand and cost for healthcare continue to rise, providers and
patients are looking to technology for cost-effective solutions. A
variety of smart home technologies that leverage the IoT are helping to
lower costs and improve patient care by engaging consumers with
real-time information through web portals and mobile apps, as well as
other innovations. Click
to tweet: According to a new report from @NavigantRSRCH,
opportunities for stakeholders are increasing as healthcare becomes an
emerging value proposition for the smart home.

“The nexus of IoT and health ultimately puts power in the hands of
consumers and enables self care,” says Paige Leuschner, research analyst
with Navigant Research. “This has the potential to revolutionize the
healthcare industry and contribute to the emergence of healthcare as a
value proposition for the smart home, creating opportunities for a range
of stakeholders to capitalize on.”

According to the report, now is the time for industry players—from
technology startups to service providers to large tech incumbents—to
find innovative ways to engage consumers, explore new business models,
and create new revenue streams in the home.

The report, Capitalizing
on the Nexus of IoT and Home Healthcare, discusses how the
convergence of smart home value propositions provides new opportunities
for stakeholders to introduce innovative digital health solutions to
bring efficiencies and enhancements to a traditional market. It also
provides recommendations on how players in the smart home and health
industries can address the smart home lifestyle and seize digital health
market opportunity while there is momentum. An Executive Summary of the
report is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Capitalizing on the Nexus of IoT and Home Healthcare, is
a summary and reflects Navigant Research’s current expectations based on
market data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or the
report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]