Wearables are new to most older adults in 2021. But that will change in the coming years as broad market acceptance drives interest among the 65+ population. Adoption will grow as the price points become more affordable; and most important, as the data from wearables becomes more actionable, informative, and predictive of future change. Within five years, doctors will see the benefit in guiding older adults to their usage. Chronic disease monitoring through wearables will see the most substantial growth.
What does the future hold for wearables and older adults? Change is ahead. Older adults in 2021 are at the same point of awareness and adoption of wearables as was once the case for Voice First. According to AARP's recent technology survey, most, especially those aged 70+, have not adopted wearables. They may be particularly unfamiliar with those that capture and track health-related status. But that will change, as general market adoption drives interest among older adults and those who care for them. Price points will become more affordable and data will become more actionable, informative, and predictive of future change. As the technology evolves, wearables will be:
For wearables to be useful to older adults, some barriers need to be overcome. As has been the case with other technology innovations that can provide great benefit to seniors, the value of wearables may be great for older adults -- especially when personalized to the characteristics and needs of an individual. However, the implementation and/or data integration may be lacking. And there may be significant concerns about being tracked or where the data resides. Reviewing the impediments to this useful category actually being adopted -- these may include:
LAFAYETTE, Calif., May 3, 2021 /PRNewswire/ -- Mary Furlong & Associates (MFA) announces its annual What's Next Longevity Venture Summit June 16-17 and the $10,000 Business Plan Competition. Now in its 18th year, the original thought leader conference focused on the longevity economy attracts more than 400 investors, entrepreneurs and other experts at the intersection of aging, technology and investment. The virtual event offers an online learning and networking experience with leading authorities on the future trends in the $8.3 trillion U.S. longevity economy.
Events cropped up again in March that help accelerate interest in and ultimately benefit for older adults. One of these was the Longevity Health & Innovation Summit, which featured numerous longevity and technology experts as well as a pitch challenge. Today the CTA Foundation pitch competition is being held in partnership with AARP Innovation Labs. And last week, the CABHI Summit 2021, in which several of these offerings below were presented. All these events provide a platform for innovation competitions, presentations, collaborations and networking among funders and innovators in the age-related technology market segments. Check above links to see full lists from all three.
WAYNE, Pa., March 8, 2021 /PRNewswire/ -- HandsFree Health™, provider of WellBe®, a secure, HIPAA compliant, voice-enabled virtual health assistant platform, today announced its integration with leading smart home and smart medical devices, fitness and activity trackers to make remote care and patient monitoring more accessible. HandsFree Health devices, including the WellBe smart speaker, smartwatch and mobile apps, now operate hundreds of smart home and medical devices using simple voice commands.
Looking out toward the future – what trends matter most? The lack of broadband access among older adults is worrisome in these days of online-only vaccine registration. In years past, getting older adults online was a lower priority for senior advocates, social service agencies or healthcare organizations. News organizations rarely discussed tech adoption among seniors. And survey frequency about Internet access had dwindled over a decade.Now even the Wall Street Journal tech writer searches ways to get elusive vaccine appointments scheduled for older friends and relatives. The New York Times notes that some older adults don’t have computers. When the 2022 surveys of broadband access for the 65+ are published, will the numbers be much higher? New government efforts are underway to offer cheaper broadband -- will older adults participate? Stay tuned. Here are four blog posts from February 2021:
The watch changed the landscape for wearables. Since the introduction of the Apple Watch in 2014 and its subsequent sales of more than 33 million (as of 2020), Apple has been the dominant player in the US market. For the market of technology for older adults, it offered a smartwatch with built-in fall detection and other numerous health features, which it continues to introduce. By 2020, it became one of Apple’s 5 most profitable businesses and reached total adoption of 100 million globally. It changed many dimensions of life, including making people look and feel cool, reinforcing healthy behaviors -- including the importance of standing up when it notices you've been sitting too long. It made people want to track health variables they never thought they would track -- like heart rate variability, blood oxygen levels, or hand washing frequency and duration.