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Market Overview for Technology for Aging in Place

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Boomer-Senior Tech Business

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Boomer-Senior Tech Business

Technology for seniors – why have a separate category?

Everything and nothing is in the caregiving innovation frontier. Keep slogging through the enormous market scoped in the AARP Caregiving Innovations Frontiers report. Study the teeny-tiny vendor icons (the only reference to market entrants in the document). Icons can be included for offerings that are not yet in the US market, or were produced at a 3-day hackathon (like Witness) and abandoned, or they're yet not a fit in the 'caregiving' world (like Lyft or Uber), or they're no longer a standalone business, like BeClose, Lively, Isowalk, and DoctorAHA).

Tech for age-related markets: learn, select, study workflow, train -- repeat

LEARN: How does useful technology find the older adults who need it?  The new tech laundry list is a staple of our fast-paced tech times. What is new right now, this minute that could, might, or maybe be useful to older adults -- six new technologies for this, five more for that. An exhibit area at aging-related event features more than 50 startup logospitches for pilots and advice on preparing to pilot.  Perhaps a technology could fill a real need of frail seniors – like a wearable band that notes dehydration and suggests a drink. Note that Nobo’s B60 was developed for athletes and the doctors that treat them. The company is aware of the senior need, but it might take a proactive third party to pull them towards that opportunity.

What's Next Boomer Business Summit Announces Programming Details, Keynote Speakers, And More For 2016 Event

01/26/2016

SAN FRANCISCO, Jan. 26, 2016 /PRNewswire/ -- What's Next Boomer Business Summit, the nation's leading annual conference for the boomer and senior markets, is excited to announce programming details for this year's event being held on March 23, 2016, at the Omni Shoreham Hotel in Washington, D.C.

The future of caregiving tech is unbelievably large

Is there more caregiving gold in those Silicon Valley hills?  The CES gadget landscape was, on the one hand, rich with cool wearables fitness and smart cars and clothes.  And on the other hand, there were quite a few sessions about health and caregiving, Doctors see a pushy tech industry that isn’t helping them provide better care, never mind without the doctor – though poor healthcare apps could be costly for hospitals. But the biggest the biggest surprise last week was when AARP/Parks Associates released a report about the super-sized, ginormous 'caregiving' tech opportunity in the upcoming period, that is starting now, of 2016-2020.

From age-specific and age-unaware toward age-friendly design

The lens used to view age sees a different picture. Population segments can be broad. Baby boomers, for example, now span aged 51 to 70, and people in the youngest segment may not feel they have anything in common with the oldest. On the one hand, a 70 year old with a disability may fit directly into the awkward dual goals of the CTA Foundation: "It was established with the mission to link seniors and people with disabilities with technologies to enhance their lives." In that case, an Age Suit may help (young) marketers better understand physical limitations. On the other hand, the mission of AARP is broad, "which enhances the quality of life for all as we age. We champion positive social change and deliver value through advocacy, information, and service." Grantmakers in Aging has an audacious goal: "by 2019 – for 20% of all philanthropy to go to aging."

Six possible technologies from CES 2016 – Part 1

Find the needle in the CES haystack.  That’s not easy, since there were 3200 exhibits last year and 170,000 attendees, with this year’s totals for the show not out just yet.   The Consumer Technology Association -- renamed from Consumer Electronics Association -- wants to be new, as the 500 startups in the Eureka Park exhibit area must have figured out by now. And the plethora of health exhibitors and speakers at the Digital Health Summit act as testimony to the importance of health and then there are the CES essentials: stereo/headphones, smartphones, sensor/wearables, smarter cars, sensory experiences and sleep -- not necessarily together or in that order. And the mostly young attendees will be excited to find an age suit to add 40 years to their age. No kidding.

What mattered -- blog posts in aging and technology in 2015

2015 was an intriguing year for technology and aging. The market opportunity has become more apparent, as the oldest boomers reached aged 69.  Just for instance: there were multiple age-related fund launches; home care with tech underpinnings began to attract the lemming-like VCs; PERS offerings began to be integrated; speaking to devices (not typing) became increasingly possible; smartphones became tablet alternatives; senior housing organizations attempted re-branding of their offerings, likely to better match boomerdom. As we get closer to 2016 and summarizing key forward-looking trends, consider blog posts from 2015.

Is aging in place technology at the 2.0 stage -- or beyond?

In the exhibit hall, there is often hope, sometimes disappointment. Startups hope for a committed investor, the inked partnership. Or perhaps a positive nod from a health firm or senior-housing community -- sell-once, deploy-many. At the mHealth Summit, now a HIMSS property as part of the multi-show Connected Health Summit, the obvious signal sent by HIMSS was its lack of interest in mobile and wearable mHealth – the summit was just one of several events scheduled at the same time. Attendees looked at the relatively limited scale of the show, noted its IT emphasis, compared to previous – some very big players did not even bother to participate (Walgreens, but not CVS?). Too much health IT, not enough mhealth? Or is all health tech now actually health IT?

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