Market Overview for Technology for Aging in Place

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Washington, DC, June 25-28, 2019

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Seniors

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Seniors

Five Virtual Reality technology offerings for older adults in 2019

In 2017, it was clear that virtual reality technology had evolved beyond the point of experiments and was having a number of limited introductions into the world of older adults, including senior living environments (Rendever) as well as pain mitigation (FirstHand). Virtual reality has made its way into the 'future of healthcare delivery' consulting, as firms like Care Innovations and Deloitte publish their how-to white papers.  For 2019, here are five VR offerings that specifically note benefits for older adults. The content is drawn from the firms’ websites and/or articles about them:

2019: What Technology Matters for Older Adults

In 2018, technology utilization grew – so did frustrations.  While Internet and social media technology use has plateaued over all age ranges, Facebook still has captured only 41% of the 65+.  Pew’s data showed that smartphone ownership still has not overtaken cellphones among the 65+.   In early 2019, AARP Research published a technology survey taken in 2018 which showed ownership of smartphones growing to 65% of the 65+.  However, that same survey revealed low trust in online safety, and generally low trust in institutions to keep their personal data safe, a justified worry, given the number of data breaches that occurred during 2018.

Consider: Aging in a Virtual World

Once upon a time, in a language far, far away…We used terms like long distance, remote, and telepresence to describe services and experiences that were taking place somewhere else. We were guided on how to cope with these remote processes where we were not present to manage or experience. And for the care recipients being managed, they were unable to communicate problems in their on-site, 'real' experience. Consider dementia care and the still-startling lack of cameras in these settings – despite family willingness to pay. These limitations seem so yesterday.  Even a telepresence player like Beam threw in the towel and refers to the world it now navigates as ‘virtual.’   Let's take a longer look into this virtual world as it relates to care of older adults and consider such offerings as:

New research reveals 1 out of 3 retirees would choose to live elsewhere

01/10/2019

WALTHAM, Mass., January 10, 2019 –Continuing its mission to make aging easier and enable older Americans to be more engaged in their communities, Age Friendly Ventures today announced the launch of Age Friendly Advisor (agefriendly.com).  The site is a first-of-its-kind online platform with user-influenced, age-friendly scores for every neighborhood in America among other services. It features user-contributed reviews, research, and helpful content for people making important decisions on how and where to age.

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CarePredict Launches AI-Powered Platform for Seniors Aging at Home, at CES 2019

01/09/2019

FORT LAUDERDALE, Fla., Jan. 8, 2019 /PRNewswire/ -- CarePredict, the leading digital health company that provides preventive healthcare solution for senior adults announced today the launch of their direct-to-consumer product, CarePredict Home, at CES 2019, the world's largest consumer technology show.

Real Seniors lack essential technology – Consider an Older Americans Technology Act in 2019

When Pew stops tracking senior adoption, does that imply a market saturated?  Note this Fact Tank aggregation of technology adoption statistics (tech overall among seniors, last reported in 2016) – and the most recent data cited on Internet use, seniors were quoted in a 2016 survey, 44% of responders did not use the internet. Of those that do, older adults aged 65+ said they had little to no confidence in their ability to use electronic devices to perform online tasks.  Let’s think about their non-confidence (not broken down into the 65-74) and the 75+ who are the Real Seniors

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