Market Overview for Technology for Aging in Place

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Spend a fraction of the $8 billion invested in digital health companies alone last year.

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Aging in place -- big talk, but do people really believe it?

Who doesn’t want to live in their 'forever' home? After all, AARP has surveyed us for 2018 – staying there is apparently what 76% want, though only 59% expect that they will.  But responders also know that you can’t always get what you want. Concerns included the need for transportation regardless of physical status, ability to stay active in the community, and availability of hospitals nearby (though that 911 call can fail to find us).  And no, ride-sharing and self-driving cars are not viewed as panaceas.  We know many of the reasons older adults will leave their homes – families and the draw of grandchildren pull them nearer; a spouse dies; the home itself is too costly to keep.  

What is reality? Headlines distort information about aging and health

So you read a headline and say, what, what?? But of course we regularly find ourselves incredulous.  Can that headline be accurate? What did that study say? Who did they survey to get that result?  This has been a particularly bad week for distortion headlines – and not about politics, actually.  These are about topics seniors and families would care about and be disappointed when they read more.  Let’s start with the Wall Street Journal article title:

Six new tech-enabled housing concepts for older adults

The future of housing for seniors – or the future of senior housing? Innovators are approaching the tech-enabled future of homes for seniors from multiple directions – support for people with dementia, new approaches to tech in a senior housing campus, new systems for aging at home, and new kinds of age-friendly housing. Innovation is sorely needed -- considering that current approaches to senior housing, whether in assisted living (too expensive) or age-segregated communities (too isolated and/or risky) may not be right for everyone.  Here are some other recently noted housing approaches, material is from sites or news:

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