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IoT and home monitoring

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IoT and home monitoring

Insights from 2023 Market Overview Technology for Aging (1 of 4)

The 2023 Technology for Aging Market Overview is publishedWith the establishment of the term AgeTech at CES 2023, the formal interest in the market of offerings for older adults has now been established.  Investors are interested, startups are multiplying, and the landscape is favorable for new and intriguing offerings in the space.  And in some cases, the new offerings are coming from current players.  There are caveats, of course. Tech for all ages remains stubbornly difficult to use, whether it is the frequency of upgrades, the multiple steps to authenticate that the user is not a robot (including checking a box that one is not a robot!) and so it goes. We are not surprised at any of the barriers and pre-requisites we face to log on. And we know that new barriers are just around the corner.

From CES 2023 (2 of 2) - Six more tech offerings that serve older adults

It’s possible to participate in CES – and not be a startup.  While startups were MANY that sought a presence in the older adult technology marketplace, now known as AgeTech, many firms were there who had been at CES before. They went back because of the business benefits of being at the show, post-pandemic, with a chance to interact with some of the 115,000 attendees.  Observers can also watch the whole thing after the fact, like many from around the world will do. Here are six prior attendees in the older adult, wellbeing category that serves older adults. All information is from press releases or the company websites.

Iveda® and Care Daily Partner to Advance Aging-in-Place Technology

12/22/2022

Mesa, Arizona, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Iveda®, the global solution for cloud-based AI video and sensor technologies, today announced a strategic partnership with Care Daily, provider of AI Caregiver software services, to co-innovate and enhance the aging-in-place experience. The partnership unites the capabilities of both companies to advance elderly care and continue bringing new age-tech solutions to market. 

Looking ahead to 2023 -- what should we expect?

You saw and considered the 2022 Tech Trends. Each of these changes will make a difference for older adults and those who serve them. Consider what’s happened with over the counter hearing aids, now available in kiosks at retailers like Walmart and Rite Aid. Note that falls can be detected in a home without a wearable – via a wall-mounted device or through in-home Wi-Fi.

Did you miss one of four November blogs? Smart clothing, dumb homes

November was an interesting month in the technology industry. Big tech companies seem to be suffering from the lemming effect – if one conducts a wave of layoffs, the pressure is intense to shrink the corporate staffs, address poor performance (of staff? Of management?), drop certain development efforts, or perhaps they just feel compelled to keep up with everyone else who is downsizing and don’t want to be left out. Maybe this is a good long-term sign that there will be more tech minds outside these big firms to allocate to innovation for, call me crazy, an aging population that needs new ideas from best and the brightest. The four posts for November 2022:

The cost of long-term care -- could technology help lower it?

What care delivery has seen an uptake in technology adoption? People imagined that post-Covid-19, technology would become much more compelling in all types of care delivery. And for sure, the pandemic institutionalized the role of in-home telehealth, with CMS reimbursement presumed to become permanent, or at least regularly renewed. In fact, 23% of respondents to a government survey had used telehealth during a 6-month period in 2021. Also for sure, the use of healthcare portals has seen increased penetration – in 2020, 60% of patients in the US were offered access to a portal, and 40% accessed their records through it.   

The Future of Sensors and Older Adults -- and other October blogs

So many really want to help older adults – yet so often ‘help’ can be elusive.   Look at the ludicrous amount of time it took to officially enable buying hearing aids over the counter. Look at the ten years or more between the first wave of useful sensor tech for seniors (2005 with GrandCare Systems) until the newer collection of offerings. And not least, look at the shortage of workers in the care industries and the obvious but elusive pay raise that would match the market of possible workers. Given the persistent (if perhaps wrong-headed) belief that 'aging in place' at home is the goal and that AgeTech is the solution, this should be the year in which pay is revisited and tech is deployed.  Or make that next year, since this year is winding down. Here are the blog posts:

Canary Medical Announces the Appointment of Lisa Suennen, President, Digital and Data Solutions

10/25/2022

VANCOUVER, British Columbia and CARLSBAD, Calif., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Canary Medical, a medical data company focused on the development and commercialization of its patented implantable sensor technology and data management ecosystem, today announced the appointment of Lisa Suennen as President, Digital and Data Solutions. Ms. Suennen previously served as the Group Practice Lead for Manatt Phelps and Philips’ Digital and Technology Group and Managing Partner for the Manatt Venture Fund.

New Research Report -- The Future of Sensors and Older Adults

11/01/2022

The current status and future potential are discussed in the new report The Future of Sensors and Older Adults from Aging and Health Technology Watch. The report is based on interviews with experts from 26 organizations across healthcare, senior living, and technology. As an aging population faces a dwindling care workforce, sensor technology is emerging that can assist organizations that provide care and help older adults to maintain independence.

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