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Market Overview for Technology for Aging in Place

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Growth of Social Isolation and Loneliness in Seniors Underscores Need for Technology Solutions

07/20/2017

SAN DIEGO – July 19, 2017 – GreatCall Inc., the leader in connected health for active aging, in conjunction with Aging in Place Technology Watch, today released a whitepaper titled, “Connecting the Lonely: Making a Difference in the Well-Being of Older Adults,” discussing the growth of loneliness and feelings of isolation in the senior population.

Robotics and older adults – in 2017, are we there yet?

Investor money has forever flowed to innovation in robotics. Robots on the Runway at Digital Health at CES offered a view of what was new then in human-like robots, the most charming was Anybots QB, now QB2 – which would 'go to the office for you.'   In fact, this ‘telepresence’ robot begs the question, what’s a robot anyway – is it a 'machine controlled device through an external or (usually internal) computer, often equipped with audio, visual, and/or tactile sensors as well as other devices and tools to perform one or several programmed jobs?'  Oh yeah.  They can be autonomous, like the iRobot one for the military – working on their own.  Like Anybots, they could be a telepresence robot – a 'remote controlled, wheeled device that has wireless internet connectivity.'   And the market for all types in healthcare globally some say is $2.8 billion.

Intuition Robotics Raises $14 Million Series A Investment Led by Toyota Research Institute

07/11/2017

Ramat Gan, Israel, July 11, 2017-- Intuition Robotics, developer of social companion technologies for positive social impact, announced a $14M A-round investment today led by the Toyota Research Institute (TRI). TRI joins early A-round investors OurCrowd and iRobot as well as existing seed investors Maniv Mobility, Terra Venture Partners, Bloomberg Beta, and additional private investors who participated in the round.

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New York, New York – Age Friendly, Age-Supportive Innovations

Largest city in the US shows a path for an aging society.  New York has long been a host and leader in supporting older adults, from being a WHO Age Friendly City, to acknowledging the presence of Naturally Occurring Retirement Communities (NORCs) starting in 1994, to being the home of the first Virtual Senior Center (VSC). In addition, technology leadership initiatives have been offered via SelfHelp in Queens, and Senior Planet, a technology exploration center that offers tech training for adults 60+. So many people aging, many needing the skills to find and keep jobs. So they utilize services like OATS and Senior Planet, or senior centers, training in libraries, carrier stores and online sites like AARP TeK Academy.  

The content of our lives – who cares enough to save it?

Imagine all the non-digital photos and memorabilia. Forget Airbnb and driving for Uber. Boomers with creativity, organizational skill and some technology can follow multiple small business paths that have large emotional implications for the customer. Consider the large and small albums of photos, cassette tapes, home movies – not just from the boomers aged 51-71, but from their parents, and even some from their parents’ parents. Will anyone want it? Cynics contend that not only will the old content be lost due to disinterest, but that current content (selfies, group photos, Facebook and Instagram shots of that great dinner) will also be lost, some say, to collective disinterest – the photo only mattering in the moment.

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