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Market Overview for Technology for Aging in Place

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Family caregivers

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Family caregivers

Living to 100 – On the cusp of CES, what technology will we need?

At an event this week with that title – it makes you wonder. What will living to 100 be like in 40 years?  In 2014, there were 72,197 Americans aged 100 or older, according to a report from the Centers for Disease Control and Prevention.  That number is up 44% since 2000, so that is presumably the good news. Moving forward, the projection is for an even more impressive number – 603,971 anticipated by 2060. The bad news?  The cause of death from Alzheimer’s disease among centenarians has also increased by 119% since 2000.

AARP Experts Share Insights at CES

12/29/2016

WASHINGTON, Dec. 29, 2016 /PRNewswire/ -- To further the discussion on how technology and innovation impact the lives of people 50-plus, AARP today reveals its lineup of CES presentations addressing relevant trends from autonomous vehicles to intergenerational technology.

Supporting Seniors Living Alone – SentinelCALL Offers Families With Aging-In-Place Loved Ones Peace Of Mind

11/21/2016

Concordia Systems Inc. is pleased to announce immediate availability of SentinelCALL™, a low-cost service that uses telephone calls to stay in contact, offer reminders, and keeps families connected without being invasive or burdensome.

Meet LifePod, Your Amazon Alexa Powered Virtual Caregiver

11/09/2016

"Amazon’s Alexa Voice Service and voice assistants in general have been a subject of interest for many of our clients looking to explore how they could extend their brand and the usefulness of their products or solutions with voice interaction. While exploring this possibility with one such client, they proposed a concept that would use Alexa to help the elderly and people with chronic illnesses live more independent lives. Out of this idea sprung LifePod, an Alexa voice-enabled device that acts as a virtual caregiver and digital assistant.

Stop with the drones and other device nonsense

Hopefully a road full of self-driving cars is media mythology.  For the breathlessly awaiting, note Wall Street Journal quote about it being 25-30 years before self-driving cars will dominate the roadways. Apparently there are 250 million vehicles on the road today that are at least 10 years old (impressive in a country that only has 318 million people). Also appreciate that 25 years from now is when millennials will enter their 60s. Will they be just as eager then as they are now to leave the driving to a Google engineer – or will they be as cautious as today’s boomers?  Will these 50-year-olds be walking slowly, bent over as they cross the street, the image of 'old.'  Maybe at 50, they will not be as ignorant as this video shows them to be now.

Family Caregivers Spend 20 Percent of Annual Income on Caregiving Expenses

11/14/2016

Washington, DC — Family caregivers spend an average of nearly 20 percent of their income providing care for a family member or other loved one, according to a new AARP Research Report, “Family Caregiving and Out-of-Pocket Costs: 2016 Report.” The report shows that family caregivers spend an average of $6,954 in out-of-pocket (OOP) costs related to caregiving, with Hispanic/Latino and low-income family caregivers spending an average of 44 percent of their total annual income.

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Increasingly demanding caregiver role heightens need for caregiver support

11/01/2016

SAN DIEGO, CA -- (Marketwired) -- 11/01/16 -- As we celebrate National Family Caregivers Month this November, the Family Caregiver Council, made up of national leaders in the caregiving and active aging space, acknowledges the impact this complex and demanding role has on adult children and spouses and the need for expanded support initiatives.

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