Tech for good - how technology is boosting the efficiency of care agencies to help keep people in their homes

A rapidly ageing population, an increase in complex and chronic health conditions, and growing demand for decentralized care models mean the home care services market is currently seeing explosive growth.

Future Market Insights (FMI) expects the sector to grow at a compound annual rate of 10.5%, from $596.8 billion today to $1.6 trillion by 2035. Key drivers include containing costs by keeping people out of expensive facilities, such as hospitals, and in their homes for longer.

Technology is also supporting this shift. For instance, remote patient monitoring tools, wearable health devices and AI-based care coordination are all making it easier to provide sophisticated care remotely, not least in rural and underserved communities.

Although barriers remain, such as fragmented regulatory standards and workforce shortages, the FMI report says that:

Looking ahead, the home care ecosystem is poised to evolve into a digitally enabled, outcome-focused model. Integration of predictive ...