Market Overview for Technology for Aging in Place

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

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dementia care, cognitive decline

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dementia care, cognitive decline

The future of aging is more newsworthy than the present

Groundhog Day --the future resurfaces regularly.  The UK media just discovered the granny pod, four years after a similar granny cottage concept appeared, And this new discovery comes three years after AARP discovered MedCottage, which AARP described as a portable alternative to nursing homes (seriously, folks?). Ditto on companion robots (including the ever-popular Paro) from the same UK article. Can you believe it? Companion robots are just around the corner, and the future is just ahead. Says the Financial Times writer: "People are living longer and the result, according to the UN, is that there will be two billion people aged over 60 worldwide by 2050."  Let’s see, doth a projection 37 years from now a market make? Even if you buy that being over 60 constitutes a candidate customer for a MedCottage or companion robot (seriously?), it must be just too hard to find a number of how many would benefit today. That’s because caregiving robots of today are still in the experimental stage (even though nurses may prefer them to people).

Aging in Place Technology Watch May 2013 Newsletter

Windows 8 – the interface that needed a ‘Start Me Up’ revision. The emotion that has been unleashed by the launch of Windows 8 is fun to read about – unless you have a new computer pre-installed with it. Then you are in deep trouble – you are dealing with a mysterious user interface designed for a Windows phone that nobody will buy – nor will you – but sadly, you are running it on a computer. You cannot find the Start menu, locate a network printer, find where files are placed -- and that’s actually before you’ve done any work. The lack of a Start menu alone immediately spawned an entire software industry of add-ons! But thankfully, someone tells you about a downloadable START button – and you’ve taken one small step forward – at least until the complainers are silenced with Windows 8.1.

Memory care – the door is locked, but is anyone home when the ambulance arrives?

When the 911 call may be necessary but not sufficient.  The news about the no-CPR policy in an independent living community in California brought me back.  In the incident reported everywhere, the nurse claimed that the policy in independent living did not include providing CPR – and as a result, the elderly woman died. Years ago when my mother spent some time in an assisted living facility, 911 was invoked nine times within a single year before they ejected her to a nearby nursing home, claiming they could not provide care. Each of her ER visits involved either my sister or me – racing to the ER from work so that we could explain her history – one time we stopped a dose of Bactrim that she was allergic to – another time we interrupted her inaccurate description of her medical history cheerfully being offered to an intern who had not checked her chart and apparently did not know she had dementia.

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