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AgeTech

Did you miss one? Note January posts about CES 2023, ChatGPT and more

2023 begins with so many announcements, so little time.  The first big event, CES 2023, brought multiple startups and stalwarts to Las Vegas. Ironically, it was not the big tech news of the month – eclipsed by an OpenAI introduction that had appeared in November, but was suddenly noticed – first in December in the media. But then with a possible $29 billion valuation, Microsoft apparently offered up another $10 billion and Google’s ad business was suddenly and first the first time actually challenged.  A few simple test questions ‘(how do families fund nursing homes?’ and ‘what is the definition of dementia?’) and it is clear that the result is more complete than Google’s list of links.  As January’s end, the excitement continues.  Can AI be useful in the older adult markets of home care, senior living and beyond?  Stay tuned.

2023 Market Overview (3 of 4) Advice to Vendors: It's Service, not Products

To reach older adults and their families, one go-to-market channel is not enough. Depending on the product or service, it may need a mix of resellers/distributors, face-to-face, and online sales. The 2022 FCC broadband progress map revealed the geographic areas of the US that lack high speed Internet access, and even if it were available, many do not go online, whether due to perceived lack of benefit, high cost, or low awareness. If that population needs a technology or service, such as access to benefits, their caregivers must search online on their behalf. Today if looking for assistive tech for older adults, today there are multiple options, including Amazon or Best Buy.  But new market entrants should find local partners to test product effectiveness before going national.

The Market Overview of Technology for Aging is updated for 2023

01/18/2023

 

Aging and Health Technology Watch updates its influential Market Overview Technology for Aging with 30 new entrants and insights into the trends shaping the AgeTech market that serves older adults in the Care Economy.

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Insights from 2023 Market Overview Technology for Aging (1 of 4)

The 2023 Technology for Aging Market Overview is publishedWith the establishment of the term AgeTech at CES 2023, the formal interest in the market of offerings for older adults has now been established.  Investors are interested, startups are multiplying, and the landscape is favorable for new and intriguing offerings in the space.  And in some cases, the new offerings are coming from current players.  There are caveats, of course. Tech for all ages remains stubbornly difficult to use, whether it is the frequency of upgrades, the multiple steps to authenticate that the user is not a robot (including checking a box that one is not a robot!) and so it goes. We are not surprised at any of the barriers and pre-requisites we face to log on. And we know that new barriers are just around the corner.

Technology for Aging Market Overview 2023

This report was revised in January of 2023. It was updated to reflect current trends, demographic data about older adults, policy changes, new products and services as well as inclusion of available data about what tech they own and/or prefer. The final section with examples includes 30 offerings and services new for this report, indicated by **.

SiPhox Health Introduces World's First Lab-Quality Home Blood Testing Platform at CES

01/05/2023

LAS VEGAS, Jan. 5, 2023 /PRNewswire/ -- Backed by Khosla Ventures and Ycombinator, SiPhox Health is the first healthcare company to leverage silicon photonic chips to make diagnostics 100x faster, smaller, and less expensive – without sacrificing quality.

SiPhox Home consumer blood testing platform. This device is available for investigational use only.

Iveda® and Care Daily Partner to Advance Aging-in-Place Technology

12/22/2022

Mesa, Arizona, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Iveda®, the global solution for cloud-based AI video and sensor technologies, today announced a strategic partnership with Care Daily, provider of AI Caregiver software services, to co-innovate and enhance the aging-in-place experience. The partnership unites the capabilities of both companies to advance elderly care and continue bringing new age-tech solutions to market. 

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