Market Overview for Technology for Aging in Place

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 “Alexa is an absolute lifeline. I’d be bored stiff without her.”

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Bad design reflects poorly on company (see  article about Apple) and hurts elderly.

05/09/2019

FinTech firms start to cater to older people and their adult children.

05/09/2019

That mark — a new all-time high — is a 15% increase over the previous year.

05/05/2019

Spend a fraction of the $8 billion invested in digital health companies alone last year.

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Aging technology

The Longevity Revolution: How the Rapidly Expanding Aging Population  is Generating Entrepreneurial Opportunities 

04/05/2019

Startup opportunities abound in the new world of tech assisted aging.

As the average life expectancy rises, a massive shift in the demographics of aging is having profound effects throughout the economy. The 50+ year-old population today controls almost 80% of US aggregate net worth. Increasingly tech savvy, this group spends more money online than Gen X and Gen Y consumers combined. As women and men alike redefine expectations for later life, they are leveraging their health and wealth in ways that were unimaginable only a few years ago.

Policy action on aging and technology – let's expect results

Should we expect change from aging-related tech policy initiatives? The answer is yes. Many are chosen, ideas are circulated from a long list of participants -- good ideas are collected and then the initiative is disbanded.  Maybe it is because the government changes a year later, but the net result is that recommendations appear, but measurements of status or success may not.  A good example from the past 3 years: the PCAST report, summarized in an ASA publication by David Lindeman: 'Independence, Technology, and Connection in Older Age."  A prior report recommending change in the hearing technology industry may have contributed to or encouraged the sale of PSAPs and the introduction in 2018 sale of over-the-counter hearing aids – and may have encouraged additional categories of hearing aids and the growth of interest in 'hearables.’  So to the degree that there is a connection, that’s a good outcome.

The technology category that cannot be spoken aloud – serving older adults

Investors continue to salivate over health tech.  Rant on.   So the first half of 2018 saw $3.4 billion invested in Digital Health (which means whatever you want it to mean.) And even when investments or company roll-ups are specifically about the Medicare population – frothy writers cannot bring themselves to use clear wording. So Optum acquires DaVita Medical Group and Humana acquires Kindred Healthcare. Gee, what do they do? Yes that is vertical integration in the continuum of care – specifically for health services to elderly Medicare recipients.  And the $146 million that went into PointClickCare – that is software for long-term post-acute care (LTPAC), another euphemism for what it really is – care of the elderly, generally in nursing homes.

Hasbro’s Joy for All Brand Acquired by Management-Led Group to Focus on Increasing Impact in the Older Adult Market

05/15/2018

Pawtucket, R.I. – May 15, 2018 – A group of former Hasbro employees announced today the launch of Ageless Innovation, LLC, a new company that will focus on developing fun and engaging products that stimulate and foster meaningful connections for older adults. Led by Ageless Innovation’s CEO Ted Fischer, the launch of the company is based on the asset purchase of 100% of the Joy for All business from Hasbro and will begin operations without business interruption.


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Aging in Place Technology – Four Blog posts from April 2018

April showers, daffodils and other flowers.  Depending on where you went in April you could experience spring multiple times – each time buds and birds emerging. With them, much news about technology, the good, the bad, the ugly, and the smug – not sure that so much time to look at and listen to Mark Zuckerberg’s confession felt like a positive.   It did make one wonder how long Facebook has known which of its “2 billion users” are the 87 million fake profiles – and are those counted in the data used by advertisers?  At any rate, here are the four blog posts from the month of April.

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