NEW YORK, March 27, 2017 /PRNewswire/ -- According to the IMF, Europe's total GDP was $19.9 trillion in 2016 accounting for 26.7% of global GDP . Europe is one of the major global economic blocks. Many of the leading European countries form part of the European Union, a free trade and movement block with a single currency. Europe has two types of health care systems: the tax-funded model and the social insurance model.
Home health care refers to a wide range of health care services that are provided to individuals at their residence for any illness or injury. Residential nursing care refers to the provision of long or short-term care for individuals who suffer from serious or persistent health issues or need recuperation services.
IoT Driving Home Healthcare Market was the the most recent trend observed in the home healthcare and residential nursing care services market. Many home health care companies are implementing IoT solutions to monitor and track health of chronically ill and geriatric patients. They are adopting these tools to deliver better quality service to patients. For instance, Qualcomm and Philips IoT application reduces readmission costs. This application connects medication dispensers, biosensors and self-care glucose meters enabling remote patient monitoring, chronic care management and connected medication management. .This technology enables home care service providers to track patient's health and those availing home care to manage their health from remote areas without a physical appointment with the doctor.
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