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Independent Assistive Living conference 2010

Janette HughesWellness and Health Innovation Project manager

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Objectives for today

Understand today and future opportunities better

Develop a global perspective

Highlight why design is so important

Network and make key connections with others SMEs

Academics – range of Universities

Corporate companies – Bosch

Potential buyers

Government/Local authorities – Scottish Government

In essence to get you thinking about how to develop innovative solutions

and grow a strong Scottish SME base working in this sector.

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Unsustainable health systems

PoliticalLocal purchasing of health servicesShifting the balance of carePersonal budgetsChanging modelsEconomicReduced economic growth –budget cutsSocialAging populationFamily structure and dispersalDemands for choice in health and welfare

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Not just a local issue

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Long term conditions – on the rise

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What are we talking about?

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The market Opportunity

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By 2020

The NHS will fundamentally change by 2020Individuals will be responsible for their own healthSelf monitoring will help provide a better quality of care

Source - http://www.visionsofbritain2020.co.uk/

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ICS Confidential

Visions of Britain 2020

“There’s a lot of technology that can go into people’s homes that can allow them to monitor things like their blood pressure, their respiration, their pulse rate and then have direct contact over the telephone with a support service so that when they get anxious, rather than going into a hospital we can do some basic investigations….Self-monitoring can help reduce anxiety and reduce access to health services – this is something that is already happening.”  

Dr Jonty Heaversedge, GP and Broadcaster

Source http://www.visionsofbritain2020.co.uk/

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ICS Confidential

Opportunities – market size

The global market for elder-care technology products is worth approximately $2.6 billion today and should grow to about $4 billion in 2015, at a compound annual growth rate (CAGR) from 2010 to 2015 of 8.7%.

Safety monitoring technologies are valued at $2.3 billion today and are expected to reach $3.4 billion by 2015, a compound annual growth rate of 8.2%

Home telehealth technologies are worth $371 million today and are expected to increase at a compound annual growth rate (CAGR) of 11.2% to reach $631 million in 2015.

Source - http://www.bccresearch.com/report/HLC079A.html

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ICS Confidential

Market growth forecasts

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WHI can help

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Thank you

Wellness Teamwww.wellnesshealthinnovation.org 0141-585-6300

For access to the services please complete enquiry form or speak with one of the Wellness and Health Innovation team today!