Market Overview for Technology for Aging in Place

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Family caregivers

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Family caregivers

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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Five technologies to help care for older adults – September, 2016

Behold more startup efforts to help with care.  You must admire this. The energy and entrepreneurial enthusiasm driving new entrants is astounding. And if at first, an idea does not take hold, note the founder of that one may appear in a new variant. You know that doctors can now bill for end-of-life conversations. And no surprise, a tool emerges that helps doctors with these conversations. One adds to the lengthy nationwide list of 'telephone reassurance' service providers. And there is even a directory. The offerings below are selected from recent press releases, startup finalists, and conversations. Note that the alphabetically-listed material is all drawn from the content provided by the companies:

Iamfine Daily Phone Check-in Service Triples Installed Base In Under Six Months

07/20/2016

CARSON CITY, Nev., July 20, 2016 /PRNewswire/ -- Iamfine.com today announced rapid growth for its daily telephone check-in service, more than tripling users over the past six months.  As the leading telephone reassurance service provider in the industry, Iamfine sees this growth as validation of an elder care market need and an optimistic sign for the future of aging in place services. 

Refunds for international buyers of Jibo Robot -- the peril of hype

See a product swamped by global media hype miss expectations.  Refunds for international backers of Jibo. In December, 2015, cute ‘social’ robot Jibo “received $16 million from Asian VCs to enable it to speak and sell in Japan and China.” And that was just a portion of the total of $52 million raised, the first chunk on IndieGogo found 5,554 supporters raising $2.3 million.  But what just happened should not be a surprise. Why? Because “it won’t function up to our standards in your country… and will create more issues with Jibo’s ability to understand accented English than we view as acceptable.” Why all this money for a poorly defined, loosely described $500 table-top and presumably robotic companion beloved in the media?  Why indeed, as the GeekWire article rightly observes, Amazon Echo began selling at the same time, with many of the original Jibo hyped features and at a lower price point.

Five Caregiving apps – some people use them, but what are they?

In June, Parks Associates observed low utilization of caregiver apps.  Their research published at the time showed "27% of current caregivers and 41% of future caregivers are very interested in a connected health app featuring medication lists with reminder functions."  Parsing that a bit, caregivers today are not big users of apps to help them with caregiving, but perhaps today’s millennials (future caregivers) will be more interested.  The graphic associated with the press release reaffirmed any doubts about the viability of the PERS industry -- topping the chart -- panic button, tracking and fall detection. Okay – so if current caregivers were to use apps more productively, what might they use? And will the most likely use end up with families who have engaged home care workers?  These imponderables aside, the information from the five noted here was drawn from the websites or public press material:

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