Market Overview for Technology for Aging in Place

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Family caregivers

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Family caregivers

Ideas from White House's Technology to Support Aging Adults

Technology and aging R&D – who knew about this task force?  Maybe you were also surprised to see this government report posted last week -- Emerging Technologies to Support an Aging Population.  Of course the aging of the baby boomers (oldest are age 73) is on the minds of lots of businesses and government groups, for various reasons.  Some see a market opportunity in services (home care, home health care, home remodeling).  Some see product sale growth of items (like DME equipment) for an aging population.  Some see housing opportunities or changes to make age-friendlier communities, and some see looming health costs associated with the 50 million individuals now aged 65+. It was a surprise, though, to see this White House report last week, and even more of a surprise to read what’s in it.

Consider: Aging in a Virtual World

Once upon a time, in a language far, far away…We used terms like long distance, remote, and telepresence to describe services and experiences that were taking place somewhere else. We were guided on how to cope with these remote processes where we were not present to manage or experience. And for the care recipients being managed, they were unable to communicate problems in their on-site, 'real' experience. Consider dementia care and the still-startling lack of cameras in these settings – despite family willingness to pay. These limitations seem so yesterday.  Even a telepresence player like Beam threw in the towel and refers to the world it now navigates as ‘virtual.’   Let's take a longer look into this virtual world as it relates to care of older adults and consider such offerings as:

Ten Technology Offerings From CES 2019 - Beyond Gadgets

Bright Lights, thick smoke, constant walking and avoidance maneuvers.  After taking a year or two off, returning to CES is a chore and a revelation – it clearly is the major event for new technology announcements. Gadgets, yes, too many smart wearables, including underwear, too many near misses of being run over by gangs of oblivious young guys staring at their phones. If there was a key trend in all of this racket, Sleep has become a tech obsession, the uptake of Digital Health is almost here, new variants of companions and assistants were pervasive, including Google Assistant inside everything and Amazon voice devices everywhere.

Philips Cares App Launches to Digitize the Aging and Caregiving Experience

01/08/2019

Role reversal, complexity and cost put tremendous strain on families as they go through the challenges of aging.

Six Health and Aging Technology Blog Posts from October 2018

October – autumn leaves drift down and large events gear up.  Traversing the trade show world, so much tech, so little time. And other shows await, including Aging 2.0 Optimize in California, GSA in Boston, Innovations in Longevity in DC (see you at there!) all ahead in the remains of the year of 2018.  For each of the trade show events, look for startup garages and innovation sections grouped at the back or on the side of convention centers. Study the exhibit halls online if you can’t be there in person.  Show organizers want you to find new companies – and some may be the most innovative ones you encounter in the entire event.  Here are six blog posts from October 2018:

Seniorlink's VOICE for Dementia Care Pilot Empowers Family Caregivers

10/18/2018

Seniorlink, Inc., a leading tech-enabled health services company, shared results of its novel VOICE (Vital Outcomes Inspired by Caregiver Engagement) for Dementia Care pilot that demonstrated how increasing the activation and confidence of family caregivers can lead to better outcomes for persons diagnosed with dementia, and reduce healthcare costs. The program is now available to health plans and providers. 

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