This report provides a comprehensive outlook of digital health technologies used to improve the care of the elderly. It also explores solutions seniors could rely on to stay independent for longer.
Senior Care 2.0
The senior care market is poised for major disruption by digital health technologies, with companies developing both software and hardware solutions for people ageing at home as well as those staying at retirement communities.
However, while technologies have been developed, they are still "not there." Most solutions tend to be complicated and many were just rebranded "regular" products for the seniors. Interfaces need to change so that more people could use them.
Nonetheless, the momentum is building and this report looks at what the major companies and startups alike are doing to make people's golden years as enjoyable as possible.
On the other hand, these same technologies provide family members and care providers with an easier way to keep up with their relatives/patients. This report will explore the challenges, goals, technologies and trends in tech-enabled senior care.
Finally, by going through and analyzing various senior care products and services, this report touches upon technologies that have wider use cases, beyond care for the elderly. In that sense, this research brief provides an overview of a bigger market while highlighting those solutions that can have the biggest effects on senior care.
Who should buy this report?
You probably already know Big Pharma is investing millions in digital health technologies. After all, it is easier and more affordable to launch a digital therapeutic than develop a brand new drug with all the lab work and trials, let alone regulatory requirements, that come included with a brand new drug launch.
Digital health apps and services provide insurance companies and other payors with tools they could offer to their customers so they could lead healthier lives. As a result, payors get to save money and offer better, more personalized services - i.e. the more you walk every day, the lower premium you end up paying. Ultimately, such incentives also lead to better outcomes.
The growth of digital health saw many non-traditional players entering the space - software developers being one of them. They see there's money to be made by helping doctors and hospitals digitize their businesses while providing patients with that much better services. This help software developers find their niches in the market and even potential partners.
Digital health is the industry every job seeker should try to break into. It is growing fast, offering huge opportunities for everyone looking for a great career. The best part is that you don't have to be a software developer - there are job openings across the board, including in marketing, sales, social media, PR, admin, and more.
The report will help other parties, including (but not limited to):
- Investors in (digital) healthcare or those looking to enter the space
- Contract Research Organizations (CROs)
- Healthcare business analysts
- Savvy physicians looking to familiarize themselves with modern technologies
- Government-employed healthcare professionals
- The NGO sector involved in the healthcare space
- Anyone else looking to advance their career by being ahead of the curve
Table of Contents
1. About This Report
Baby Boomers Are Retiring
Nurse and Doctor Shortage
The Aging at Home Trend
Technology Is Not Easy To Use
Staying in Touch
Remote Health Monitoring
Digital Assistants & Tabletop Robots
New Transportation Options
New In-Home Care Services
Who’s Paying for the Technology?
6. Projects & Initiatives
Senior Living Communities and Nursing Homes Are Adopting Tech
AARP Working With Startups, Others To Improve Senior Care
Best Buy is Offering Digital Health Tools for Seniors
Japan Post Group, IBM and Apple Working Together to Mobilize Care For the Elderly in Japan
DISH Partners With Independa to Transform In-Home Entertainment and Senior Care
City4Age Program For Active and Healthy Ageing
A Wristband Project for Personalized Dementia Therapy
NIA Supports Development of IoT-based In-Home Service with a $4.5M Grant
Philips Cares Launches in the U.S. to Digitize the Aging and Caregiving Experience
Philips Taps DispatchHealth to Provide Seniors in Arizona With On-demand Care at Home
Accenture Launches AI-Enabled Solution to Tackle Elderly Loneliness
MyndVR, Pico Interactive and Littlstar Donating VR to seniors to combat social isolation
8. List of Companies
- AllyAlign Health
- Anelto Health
- Bloom Circle
- Circle Medical
- Comfort Keepers
- Doctor On Demand
- Dose Healthcare
- Essence Group
- Intuition Robotics
- Iris Plans
- Konsie Technologies
- Nymbl Science
- One Caring Team
- OneLife Technologies
- Pillo Health
- Proteus Digital Health
- Reemo Health
- SMART Brain Aging
- Starkey Hearing Technologies
- Tactio Health Group
- Triple W
- Vital Decisions