Market Overview for Technology for Aging in Place

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Market Overview Technology for Older Adults

Updated March, 2019

The marketplace for technology to assist aging adults in the Longevity Economy is expected to grow to nearly $30 billion in the next few years, according to the Consumer Technology Association. Changes in the market are noted in the tenth anniversary report by Aging in Place Technology Watch. Vendor interest is fueled by demographics and policy. New entrants more likely to depend on customization of standard software and existing platforms than in creation of senior-specific products. The report provides predictions about key technology trends for 2019 and beyond. Families, their caregivers, and seniors will acquire new tech-enabled services that improve the quality of their lives, according to Laurie M. Orlov, who founded the market research firm in 2009.

Blending her years of analyst experience and recent in-depth research on the subject, this forward-looking study is illustrated with descriptive graphics and includes more than 33 new devices, wearables, and caregiving apps.  The report helps to place these offerings in context, helping vendors and service providers improve the quality of life and care for older adults.