Market Overview for Technology for Aging in Place

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Family caregivers

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Family caregivers

New Technology Offerings for Caregivers and Families

As summer winds down, innovators rev up.  August is winding down -- the calm before the autumn slew of activity.  Nonetheless, new milestones and partnerships were announced this month, including Embodied Labs becoming a finalist for the Top8 XR Education Prize sponsored by the Bill  Melinda Gates Foundation,  MedMinder reaching 1433 on the Inc5000, the acquisition of GreatCall by BestBuy, and MobileHelp announcing a partnership with LifePod.  And four companies released new offerings to help professional and family caregivers improve monitoring and well-being among older adults:

MobileHelp® Announces Partnership with LifePod

08/28/2018

BOCA RATON, Fla. – August 28, 2018 – MobileHelp®, a leader in mobile Personal Emergency Response Systems (mPERS) and healthcare technology, announced today an exclusive partnership with LifePod Solutions, pioneer of a natural, proactive voice service for older adults aging at home as well as patients and their caregivers.


With Fewer Family Caregivers, What’s the (Tech-Enabled) Plan?

You saw the headline – America is running out of family caregivers.  The numbers are daunting.  Says Ken Dychwald in the WSJ article:  “We’re going to have to look to nontraditional care,” says Ken Dychtwald, CEO of Age Wave, a consulting firm.  "Older adults, he says, may have to take in boarders, who can help with shopping and repairs, or rely more on monitoring devices and delivery services.”  This latest article was based on a recent study (part of a series) from Merrill Lynch and Age Wave.  But is the issue low growth in potential family caregivers?  Or is the real issue the low growth of population in the appropriate age range (45-64) of people to provide care to people who are aged 80+?

Five Recent Caregiving Technology Offerings in 2018

What newcomers have entered the market?  Besides ‘longevity market new media’ like Stria (former Next Avenue) that provided a splash of cold water for startups and investors in the older adult space.  Although there is little evidence that any investors are bullish about the general older adult market – despite AARP documentation and various books to the contrary, innovators continue to create new offerings to help older adults live better lives.  Here are five recent and soon-launching offerings to help – content is from the websites of the firms or articles about them:

Ten technologies from the 2018 Silicon Valley Boomer Venture Summit

Two sets of pitches, ten finalists across the competitions. The first five are finalists in the 2018 Silicon Valley Boomer Venture Summit Business Plan competition. The Business Plan Competition features companies pitching their ideas to a diverse panel of judges for feedback, funding and a $10,000 prize.  The second five are finalists in the AARP Innovation Labs Pitch Competition for companies focused on providing peace of mind to family caregivers through the use of VR, AI and other disruptive technologies. The winning team will go on to the AARP Innovation Pitch Event in Washington, DC, in October of 2018.

With Aging Tools in High Demand, Eldercare 101 Gets a Paperback

06/11/2018

Portland, Oregon June 11, 2018 – Published by Rowman and Littlefield, Eldercare 101, A Practical Guide to Later ife Planning and Aging, is now in it’s fifth printing cycle and newly available in paperback.

An adjunct professor of gerontology at Marylhurst University, Pacific University, and Portland Community College, this is author Mary Jo Saavedra’s debut publication.

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Papa Technologies, a Miami Start Up Expands to Southwest Florida

04/11/2018

MIAMI, Fla. /Florida Newswire/ — Papa, a leading platform for seniors and caregivers in South Florida, expanded their niche service to the Tampa and Sarasota areas in the beginning of April. Papa Technologies has a team of young and energetic college students, who they call Papa Pals, who enhance the lives of family caregivers and seniors who need assistance.


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