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Expect more aging in place and a wave of innovation to help make that happen.

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aging in place

Market Overview -- 2019 Technology for Aging in Place

The market increasingly is less about products specifically designed for older adults as it is about the marketing of many consumer offerings that could be useful to them. This includes smartphones, tablets, smart home technology, Voice First hardware and virtual assistants, and in-home sensors. Each of those devices is enabled for older adults by either more targeted marketing and packaging, enabling software, or bundling into solutions for in-home caregiving and/or healthcare.

Cutting Edge Technology Debut to Help Seniors Live Longer, Healthier Lives

11/24/2020

Silver Spaces has launched what has been described as “the only currently available web-based senior home assessment solution,” which is set to revolutionize the aging in place industry. Initially released in 2015 as an iTunes app, the product was officially launched internationally in October, 2020. The easy to use assessment is targeted to help homeowners create the best living options, taking into account what impacts their health, abilities, finances, socialization and access to transportation, or other influences.

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HomesRenewed Coalition Mobilizes to Drive 2021 Legislation to Help Older Americans Age in Place and Stave Off Looming Housing Crisis

11/04/2020

November 4, 2020, Washington, D.C. - HomesRenewed Coalition, the leading organization championing home updates for living well throughout the modern lifespan, is mobilizing the leaders of the home renovation, homecare, technology, and others serving older Americans living in the community to call on the 117th Congress to include needed tax and other incentives in 2021 legislation. These incentives will enable Americans to upgrade their homes for safety and meet changing needs as well as to help the economy with construction jobs.

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Aging in place – what goes around comes around -- maybe

Aging in place – the latest trend. Rant on.  People want to age in place – just ask them, as AARP did in 2018.  Of course, in the not-cited part of that survey, only 59% expected to be able to do so. Little did they know that a pandemic was coming, that visiting with aging family would become a nightmare – with people unable to see their relatives for many months.  The death rates from Covid-19 (or with Covid-19) of seniors in nursing homes and assisted living were horrific on the one hand and daunting to prospective move-ins.  So by late 2020, EVERYBODY wants to age in place – an unprecedented trend, says Rock Health – and health innovators have taken note.

Venture Capital Pioneer Alan Patricof and Wellness Executive Abby Miller Levy Launch Primetime Partners

07/29/2020

Abby Miller Levy, a wellness executive and founder, and Alan Patricof, one of America’s most iconic investors, co-founder of Greycroft with $2B in AUM and founder of Apax Partners with $50B in AUM, announce the launch of Primetime Partners. The venture capital firm will focus on seed and early-stage investments in products, services, technologies and experiences for the aging, including aging in place, financial security for retirees, care management, longevity health services, and enriching consumer experiences for this underserved population.

Ziegler Link•Age Funds Invest In Bluestar SeniorTech 2020

07/02/2020

CHICAGO, June 30, 2020 /PRNewswire-PRWeb/ -- The Ziegler Link•Age Funds announced today that they will invest in and partner with BlueStar SeniorTech of Rockville, Maryland to support BlueStar's growth efforts nationwide. BlueStar SeniorTech provides aging-in-place technologies to help American seniors stay safe, healthy and connected in their homes as they age.

BlueStar SeniorTech joins a cadre of Ziegler Link•Age Fund investments fostering innovation and new care delivery models in the post-acute and aging market.

Where is the detailed survey of older people?

AARP recently published several new reports -- all worth a read.  Rant on. The survey reports, about the 50+ gamers and 50+ tech trends, each identify an age band of the 70+, something AARP began a few years ago and kudos to them, that banding continues among some of their research reports.  Not so the Longevity Economy Outlook, which lumps the wealth of the population for those aged 50-100, but no breakout was offered about the spending potential for the population at the higher end of the age bands. From an economic standpoint -- what will they (or their families) spend money on, how is their health, what is the cost of their care, where do they live? Who knows?

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