SAN JOSE, Calif., Dec. 22, 2021 (GLOBE NEWSWIRE) -- LiveFreely, Inc., a Silicon Valley digital health company that develops innovative technology to improve the health and well-being of seniors and their loved ones, today launched BUDDY for Apple Watches. The BUDDY app uses AI and machine learning to predict, prevent, and detect health challenges while providing support and data for seniors and their caregivers.
Tech for an aging population – niche or not. November is done. But recent announcements about tech and older adults make one wonder about the category. Should it be special, unique, with well-designed hardware by well-meaning and enthusiastic engineers? That sounds good – but is it? The oldest baby boomer turns 76 in January 2022. That sounds old. Does that place baby boomers squarely in the ‘I had a grandmother who fell down’ design target? The PERS industry, maybe a cash cow for persistent resellers, has actually not grown in the past four years – market sizing numbers have been stable at around $1.5 billion. But consider other trends -- the older population has grown, the Apple Watch was introduced and fall detection apps are available from Best Buy and FallCall, Philips Lifeline withdrew, Amazon has partnered with Vayyar (radar-based fall detection) in Alexa Together. What was once a sizable niche may actually be a hanging-on, but low growth market for the foreseeable future. Blog posts from November:
SMK Corporation（President, CEO and COO: Yasumitsu Ikeda, hereinafter referred to as SMK）provides solutions for the problems in the bathroom with “Radar based monitoring system” which EchoCare Technologies Ltd. (CEO: Rafi Zack, hereinafter referred to as EchoCare), an Israeli company with which SMK has a capital and business alliance, has developed. SMK will initiate sample sales of “Radar based monitoring system” in October 2021 and aims to launch mass production in the spring of 2022.
August 11, 2021 - Trumbull, Conn. – FallCall Solutions announced that it will deploy FallNet: machine learning technology that detects and notifies users of abnormal nighttime sleep and ambulation events associated with increased fall risk. Users and Caregivers can share the information to potentially reduce the incidence of future falls.
The 2021 release of the Market Overview of Technology for Aging sharpens the focus on older adults and their technology needs in this post-pandemic year. It took the aging of the 73 million baby boomers, a pandemic emergency, and investor interest to transform a 2009 market niche into this 2021 $30 billion market category. In 2021, the market will focus less on products specifically designed for older adults and far more about marketing existing offerings as useful to them.
TRUMBULL, Conn., Jan. 7, 2021 /PRNewswire/ -- FallCall Solutions announced it will release FallCall Detect, patented technology that combines the power of smart fall detection with a comprehensive personal emergency response system (PERS). The technology will be showcased at CES 2021 in the AARP Innovation Labs booth from January 11-14.
Tech for an aging population – niche or not. November is done. But recent announcements about 