Market Overview for Technology for Aging in Place

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Four Recent Technologies for Aging in Place - Sept 2013

Rounding up the recent technology launches – tech for older adults.  Catching up, here are few recent announcements from in-market companies.  A brief digression: I get a bit upset when I read about companies in the news that are  described as offering "SOLUTIONS" about products that are not ready, products for which they could be taking pre-orders, but basically there is nothing to buy. This is especially unfortunate in the category of PERS, where consumers expect a solution can address a fear of falling and being left alone. It is especially NOT okay for products that target the senior housing industry, where the residents may be very frail, where the companies are very cautious, and the industry is not known for leading with tech of any type, let alone one that is so new that it cannot be purchased.  So here are four new offerings – it is my belief/hope that all are available -- preventing a few others from being on the list. Content is from the vendors’ press information:

Essence Group Unveils its Next Generation Personal Emergency Response System

09/06/2013

Essence Group is pleased to announce the release of its next generation Personal Emergency Response System (PERS) called EverGuard-Care. The EverGuard-Care is a home health monitoring system designed for seniors, the chronically ill and adults living with a disability to remain independent in the comfort of their homes. The system is easy to self-install, simple to use and highly dependable, giving peace of mind to those in need of care and their families and caregivers.

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Active CarePendant™ by CTS

09/06/2013

Care Technology Systems is proud to announce the release of the Active CarePendant™ for senior living providers.

Packed with multiple sensors, the ACP™ monitors resident activity, automatically detects falls, and delivers immediate alerts to caregivers and staff.

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When we're 84 -- considering the AARP Care Gap research

AARP’s Care Gap report sets the table for innovation possibilities.  Driven purely by population changes over the next several decades, AARP predicts that there will be fewer people in the age group (45-64) that can provide care to the baby boomer population when aged 80+.  Based on this model, says the report, boomers at that age will likely have various disabilities and thus may need some level of care. What technology categories would be useful and likely in-market with this multi-year lead time to think about them?  Of course, today there are millions of people who are 80+, but if you follow AARP’s logic, today there seem to be enough available family members, home care, nursing home and assisted living aides between the ages of 45 and 64 to care for them (emphasis on available). If caregiving availability shrinks, what are the technology implications for those who would serve that future wave of baby boomers?

AMC Health Integrates Five Technologies

05/09/2013

AMC Health announced today the addition of five new technologies to its remote monitoring platform, enabling the company to offer the most comprehensive array of in-home monitoring in the industry.

Aging in Place Technology Watch January 2013 Newsletter

So you want to launch a boomer/senior, home health tech product or service. It’s a new year and a full year later – so it is time for a tune-up and to publish this guidance again. Perhaps some time soon, your new or existing company will officially launch a new product or service, or perhaps a long-awaited and much-described and long-anticipated offering will finally launch. So here is a checklist that continues to hold true – with a few links here and there as examples:

Ten Tips -- 2014 Year-End Guide for Launching a Product or Service

So you want to launch a boomer/senior, home health tech product or service.  As your new company get ready to travel into battle at mHealth, CES, and all those 2015 launch events to-be-named-later, it is time to for you to revisit this guidance. Perhaps some time soon, your new or existing company will officially launch a new product or service, or perhaps a long-awaited, over-described and much-anticipated offering will finally ship. Here is a checklist that continues to hold true – with a few links that are merely examples:

December 2012 Year-end Wrap and 2013 Trends to Watch

Tech is so yesterday, long live providers and solutions. 2012 was in some ways a dull technological year – the basic core technologies that are useful when applied to older adult consumers had surfaced in 2011 or before – think mobile PERS, GPS tracking, fall detection, voice activation (say Hi, Siri!), the rise of tablets, longer device battery life (except for smart phones). 2012, on the other hand, was the year in which there was new interest in aging and technology solutions – and thankfully, not just from startups, but included health insurers, communications carriers, and even pharmaceutical companies. As we peer into our 2013 crystal ball, here are some highlights of the past year and predictions about the year ahead:

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