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Market Overview for Technology for Aging in Place

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Market Overview Technology for Older Adults

Updated March 7, 2018

The marketplace for technology to assist aging adults in the Longevity Economy is expected to grow to more than $30 billion in the next few years, according to the updated report by Aging in Place Technology Watch, more likely to be based on customization of standard software, using existing platforms than creation of senior-specific products. The report provides predictions about key technology trends for 2018 and beyond. Families, caregivers, and seniors will acquire new tech-enabled services that improve the quality of their lives. The 100-million-strong 50+ market is increasingly aware of technology alternatives 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 more than 25 new offerings: including new devices, wearables, caregiving apps, the significance of 'Voice First' technology and more that deconstruct the aging in place model to help make companies more in tune with this growing trend. The report helps to place the offerings in context that helps improve quality of life and service for older adults.