Market Overview for Technology for Aging in Place

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fall prevention, fall detection

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fall prevention, fall detection

Fall detection -- a look back -- much innovation but little impact

First the good news -- life expectancy is up.  So as boomers cross the 65-year-marker at 8000 per day, 10,000 per day, or whatever, they just received some good news, for a change, from the CDC.  Life expectancy has inched up. A woman who is 65 today can expect to live an average of 21 more years (to age 86), and a man at 65 has an average life expectancy of 18 more years (to age 83). Note that these are averages and that the averages include those with chronic diseases. That average includes the nearly 26% likelihood of diabetes (diagnosed and undiagnosed) -- and that diabetes is the seventh leading cause of death in the US  and that heart disease is the number one cause of death among women and ditto for men.  Thus life expectancy outside of those conditions is most certainly far longer.

Are tech innovators ageist -- or have they just not considered seniors?

Some cool tech enters the market. Consider the Apple introduction of the HealthKit (for the health care industry) and the smartwatch which joins the Pebble (which helped fuel interest in smartwatches) and Samsung smartwatches.  Intel found smartwatches intriguing enough to sponsor a clinical trial in conjunction with Parkinson's disease.  Why? Smartwatches (and smartphones) contain accelerometers that enable the device to determine sudden motion -- like detecting a fall, gyroscope and compass to detect whether you're on of the 61 million people out there running.  And they are able to determine location by enabling GPS position of the device. These devices have geofencing capability -- used in Apple devices for setting up a Location Reminder when you arrive at or leave a location (don't forget to do such-and-so errand).

CARE TECHNOLOGY SYSTEMS ANNOUNCES ACTIVE CAREPENDANT™

09/25/2013

NASHVILLE, Tenn., (September 25, 2013)Care Technology Systems, Inc., a company that provides data analytics and remote monitoring to improve the safety of seniors in their residences while empowering their caregivers, today announced the launch of a key new component in its next generation fall detection system.   

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