Remote monitoring

Some might say that sensor technology for older adults is nothing new.   What’s the big deal? Remote monitoring products and services built with sensors have been around for decades. Grandcare Systems was founded in 2004 followed by a sensor-based remote monitoring startup and consolidation wave in 2009-2010. This type of tech had obvious benefits, even then, but today, what was obvious then has become a crisis of care today. There are simply not enough workers to care for the aging boomers and beyond. That spells opportunity for motion and camera-based sensors that are being deployed for care of older adults. This will be discussed further in a report later this year, The Future of Sensors and Older Adults 2022. Among the many types and features of sensors, here are five offerings, all info from the companies:

Staffing issues continue to plague senior care organizations. The news articles pile up – assisted living and nursing home staffing shortages; stranding older adults without home health care; keeping patients in hospitals longer because of lack of care; nursing home staffing crisis; Medicaid paying family members to provide care, low wages and low unemployment worsen care situation, and on and on. And the shortage of care workers is mirrored in other industries – signs are posted everywhere seeking workers in the midst of the ‘great resignation.’

Isn’t March a l-o-n-g month? So many weeks, so many blog posts to, uh, post. Note the top trends that matter this year. Many changes underway in the enabling tech categories for older adults – including the importance of tech for home care agencies – not just the apps for the workers, but for care recipients, such as remote monitoring. And for hearing aid wearers, the smartphone can carry multiple apps that improve their quality of life. Finally, the smartwatch, aka personal emergency response device, gets another entrant – and the very first mobile PERS ('medical alert') company, Mobile Help, is acquired. Summing up the month:

What trends matter this year and beyond? In 2022, the oldest baby boomer turns 76, while the population aged 65+ will exceed 54 million. Trends accelerated by the pandemic continue to emerge, and the population aged 50+ will continue to purchase and use technology, accounting for an estimated 51% of technology spending by 2030. In an interview with Best Buy Health for their 800,000 recipient newsletter, these were the 7 trendsb we identified that will persist throughout the year -- and beyond.  These should be of particular note to startups and tech companies that want to reach the older adult market.