Hear Laurie in one of the following:

2024 What's Next Longevity Venture Summit (online)

2024 Longevity Venture Summit (DC)

Related News Articles

03/22/2024

Cost of in-home care soars by double digits in just a few years.

03/20/2024

The pandemic wasn't the wake-up call elder advocates expected.

03/19/2024

Tech companies are pushing their remote monitoring service to primary care doctors.

02/07/2024

GrandPad announces Grandie, an AI-powered virtual companion.

01/30/2024

The rise of passive, non-intrusive PERS devices at CES.

Monthly blog archive

You are here

In 2014, will technology for seniors be absorbed into digital health?

A long holiday stretch ends.  No, I’m not talking about Christmas decorations in shopping malls. The media frenzy that was CES 2014 may soon wane away, although post mortems and predictions persist. So let’s review: there were Silvers Summit exhibitors (6) and then there was Digital Health (77). For CES health-related overall, count 170 per Mobile Health News – and that includes "e-Cigarette makers that categorized themselves as Digital Health."  See one of a few cynical posts – where we can find a new word -- track-a-holism -- and a new slogan -- "sitting is the new smoking." But in the Digital Health exhibit list, note the presence of GrandCare and Independa – two long-standing players in what could have been categorized at a different event as senior technology. 

Is a narrow niche narrowing further?  Silvers Summit had a session called Seniors and Technology: Oil and Water or the Perfect Cocktail? Good question that could be asked about product designers, consumers, their families, or the media. Technology for older adults spans multiple categories – gee, maybe that’s because long lives well-lived span multiple categories. But are the categories simply too broad for the marketplace, given the evolution of consumer technology and growing older adult online access? Consider social, health, safety, lifelong learning, fitness, and buying online. Now rephrase: Facebook, WebMD, Nest, MOOCs, Fitbit, and Amazon. What do these six have in common? They do not specify (or exclude) the demography of older adults.  The assume that if an older person wants to participate, they will. There are outliers -- the unpleasant exception of Amazon’s 50+ bizarre bazaar that enables you to get your defibrillator and incontinence supplies in a one-stop shop. How convenient. Now look at what a Durable Medical Equipment supplier offers. Strikingly similar to that Amazon site, isn’t it? And with Medicare/Medicaid budgets dwindling over the coming years – is Amazon betting that what was reimbursed by insurance will move into its own private pay shopping carts?

Older seniors are in that DME-like niche – all the rest today is healthcare. The players in the market clearly see the health-related opportunity – just take the offering changes at GreatCall – what do you do with a large installed base of seniors who are aging – perhaps from their 70’s into their 80’s and beyond – and whose family members want to see them remain independent? You use the platform’s installed base to move deeper into the health-related services businesses. AARP has tagged its search for startups and innovators Health@50+. The platform for a target audience has become an underlying assumption – whether it is online access through a PC, MAC, a smart phone or a tablet. The taxonomy of technology thus fits onto a platform-plus-service, where service for older adults is related to health, and all other services become age-agnostic – or maybe age-indifferent.

Age agnosticism – does it harm the oldest population?  The shrunken CES Silvers Summit exhibit list may be just the tip of an evaporating iceberg – the PERS market survives, but likely only until waterproof (like that Sony phone) and long battery life become the standards for mobile phones adopted by seniors. Old will soon be a euphemism for the VERY old, as boomers, now 68 at the top end, reject the concept that they are aging at all. Instead, they are seizing the day, emulating the young: My Fitbit, Myself. Consider MetLife’s Mature Market Institute shutdown, Pew’s dwindling number of Generations reports, AARP’s Health@50+ -- are these signals that the market does not imagine 'young old' or even 'middle old?' The boomer trend is to deny that anyone is aging, therefore the health-related tech market -- will apply to all. And then there are those who need or must provide services for the very old. Soon the overlap of these markets will be disappear. Will that be by the end of 2014?

Comments

Interesting point Laurie. However, as you know there are huge numbers of older Boomers and younger seniors who are not using digital health care technologies, for many reasons. They are afraid of storing their data, they are uncertain how to use the device and they don't understand the need. These companies should focus some of their money on training these populations if they really want mass adoption.

I think that senior tech is going to be incremental based on the familiar – for people with home security systems, adding a few extra bells and whistles that can help detect a problem makes sense.  For those who are addicted to their iPhone and never take it out of their pocket except when they’re sleeping, it will be app based.  For people with chronic diseases that pre-date their aging vulnerabilities, it will tag onto whatever disease management system they have.

Right now, nobody knows how to start because everyone in the delivery chain is so petrified of technology they can’t describe anything without making it sound Orwellian.

Great article Laurie! I do think we are starting to see products for seniors not wanting to be defined by "age." While the challenge still remains to inform and educate the market about products available to make their lives easier, we will continue to try to help those companies reach their intended user. Looking forward to working with you for the Summer Summit in June.

I couldn't agree more about aging boomers in denial about their trajectory-- loving their FitBit is as much as about feeling healthy as it is about participating in a cultural trend. Until solutions for PERS and other helpful aging technologies can be seen as an accepted, dare I even say "cool" trend, then aging boomers will ignore them until crisis strikes. That's why I plan to continue beating the drum that entertainment marketing needs to be the platform to show how a technology for all ages can have unique and extra benefits for the range of older demographics. Good article Laurie, thanks!

Laurie, As usual your perception is insightful.

The long lines of four years ago to get a seat in Silver Summit have been replaced by Digital Health and Fitness attendance while Home Automation has filled the senior monitoring market with products.

I will be most interested in your view of how boomers and seniors will act when their high deductible health insurance policies cause them to pay out-of-pocket for primary care physician visits and associated testing. will they (we) treat the expense like car maintenance and move to "wait and see if it gets worse" and/or DIY (Scanadu?) or schedule appointments as in the past?

I-Saiso is a company that launched at CES.
Simplicity at its best. They found a way to let families communicate using today's technology with the simplicity for anyone to understand. My own 84 y/o Italian stubborn mother actually uses an iPad now because of the application. $10 or $20 a month depending on your custom building.
No cameras, no sensor or big brother feeling.

Www.i-Saiso.com

It's worth a look.

Categories