digital health

Wearables are new (now) 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.  And stigma-free and lower cost hearables will provide customizable sound improvements to a far broader population than current hearing aids.  Check out the new report:  The Future of Wearables and Older Adults 2021.  And the other blog posts from May 2021 that drove the report content forward:

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:

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.