AgeTech

Life expectancy has grown and so has the percent of older adults living alone.  Despite the oft-repeated life expectancy at birth of 79, the older population is living longer.  At age 65, both women and men will likely live on average another 20 years.  Thirty-six percent of those aged 75+ live alone. Nearly in 10 have notable health issues, including vision or hearing loss, or other difficulties with living independently.

Startups targeting the older adult market segments continue to emerge.  The oldest baby boomer has reached age 80 and many will live well past that age. Reports are emerging that assess this longevity phenomenon.. Many live alone, and some may be in need of the emerging technologies to help preserve quality of life and independence. These could appear in the caregiving space, offer check in calls to older adults living alone, strategies for aging in place, or assisting the hearing impaired. Here are five new technologies for older adults that have emerged in recent weeks and months.  The text is derived directly from the websites of the companies themselves.

Looking back to see the future.  Tech for older adults has been a market category for a long time.  It is documented in a 2009 Market Overview as ‘Tech for Aging in Place’ and is accompanied by a categorized list of tech companies that fit the needs of older adults at that time.  What is striking about this report? It’s basic assertions are unchanged – people want to remain in their own homes, as independent as possible.  The cost of long-term care was daunting and largely out of reach in 2009.  Assisted living cost was $36K/year in 2007 and was projected to grow to $51K by 2015.  Actually, it exceeded $75,000 in 2026, still largely paid out of pocket from savings and social security income – today only 3% of Americans have long-term care insurance.

This Aging in Place Tech blog was launched officially in 2009. We asked ChatGPT to give the December, 2009 blogs a review and compare them to October, 2025 blogs to see what changed in terms of topics and tone.  In 2009, it detected an emerging market and observations about immature and simplistic products and gadgetry. Remember GE’s acquisition of QuietCare? It detected frustration with fragmented markets, poor adoption and naïve assumptions in the market about older adults. ChatGPT also noticed observations about poor usability and lack of integration among products, vendor hype (touch screens had just emerged), as well as the need for market education.  The belief in 2009 was that older adults could and would adopt technology if it is useful and respectful.