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wearables, smart watch

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wearables, smart watch

For older adults, the future of wearables is predictive

Wearable devices make up an $81.5 billion global market in 2021. According to Gartner’s January 2021 forecast, this was driven by increased consumer interest in tracking their health status during the pandemic (smart watches) and the growth of remote work (purchases and upgrades to headphones and ear-warn devices). According to one insider, 3-5 million Apple watches alone have been purchased by adults age 65+. And AARP’s newest technology adoption report, just published, notes that 20% of the 70+ age range own a wearable.  Also notable, considering that most wearables are still paired with them, smartphone ownership has risen most sharply among the 70+, with 77% of survey responders indicating they own one.

Best Buy Health Offers Lively Health & Safety Services On Apple Watch For First Time

03/03/2021

Best Buy Health is helping to make it easier for older adults to stay safe, healthy and connected by offering a full array of health and safety services available on Apple Watch.

At home or on the go, Apple Watch users with the Lively app can get assistance from highly trained Lively Urgent Response Agents to get help in emergency and non-emergency situations. Agents can assist with everything from medical emergencies to sending help if a user has car trouble.

Consider the potential for wearables and older adults

The watch changed the landscape for wearables. Since the introduction of the Apple Watch in 2014 and its subsequent sales of more than 33 million (as of 2020), Apple has been the dominant player in the US market. For the market of technology for older adults, it offered a smartwatch with built-in fall detection and other numerous health features, which it continues to introduce. By 2020, it became one of Apple’s 5 most profitable businesses and reached total adoption of 100 million globally. It changed many dimensions of life, including making people look and feel cool, reinforcing healthy behaviors -- including the importance of standing up when it notices you've been sitting too long. It made people want to track health variables they never thought they would track -- like heart rate variability, blood oxygen levels, or hand washing frequency and duration.

HANDSFREE HEALTH LAUNCHES NEW INTEGRATED MEDICAL ALERT HEALTH SYSTEM FOR CONSUMERS

09/28/2020

WAYNE, Pa., Sept. 28, 2020 /PRNewswire/ -- HandsFree Health™, provider of WellBe®, a secure, HIPAA compliant, voice-enabled virtual health assistant platform, today announced a medical alert system that integrates 24/7 emergency monitoring with the popular voice assistant, WellBe. This offering disrupts the medical alert category which typically only provides passive support unless utilized in an emergency. The new medical alert experience uniquely combines the WellBe® Emergency Alert Smartwatch, WellBe voice assistant, and WellBe app for wellness support with emergency services help.

Pendent medical alerts evolve – and will disappear

Surprise (maybe) – Philips puts Lifeline business up for auction.  How do I know this? Not from any news article other than PERS Insider, a newly created newsletter for those who track the medical alert industry.  Probably given the Q1 profit drop, they had to do something about the steep revenue decline of their Personal Health businesses.  You may not remember that Philips acquired the Lifeline business in 2006 for $750 million.  What did they get for that investment? The leader in the “Medical Alert/Medical Alarm/PERS space.” You pick the term -- or let the search engine do it in order to show you each paid ad after paid ad.

Five notable technology offerings for older adults

Companies and products worth noting in August.  It may be the dog days of summer, but life and innovation move forward – and so it is with offerings to note that serve older adults. In particular, it is great to see the emergence of Primetime Partners, specifically focused on the aging-related market opportunity. The first, HomeEXCEPT was one missed at the time, emerging from a 2017 AARP Innovation Business Plan competition. The last was offered by a giant US network.  Go figure.

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