The senior care market is poised for major disruption by digital health technologies, with companies developing both software and hardware solutions for people aging at home as well as those staying at retirement communities.
However, while technologies have been developed, we 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 in this report we’ll take a look 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 the tech-enabled senior care.
Finally, by going through and analyzing various senior care products and services, we touch upon technologies that have wider use cases, beyond care for the elderly. In that sense, this research brief provides and overview of a bigger market while highlighting those solutions that can have the biggest effects on senior care.
The so called "silver tsunami" is already affecting multiple industries.
The US Bureau of Labor Statistics reports that as many as one out of ten workers will retire either this year or the next one. Losing 10 percent of employees can hit a company incredibly hard if it’s not prepared. This, at the same, will put a great strain on the healthcare system.
Adding to this is the fact that baby boomers are now physically in worse shape than generations that have retired previously. While lifespan has increased, health related illnesses, suicide, and divorce are higher than ever.
The good news for them is that Medicare prescription coverage was expanded to 40 million new recipients under the George W. Bush administration. This, according to
Medicare officials, will add $1 trillion in benefits. The Obama administration built from there, adding affordable healthcare for millions of uninsured people. But the government wouldn’t be the only one to foot the bill; enterprises too will be paying increasing healthcare costs.
Is This The Report For You?
The "Senior Care 2.0" report is primarily made for today's busy people, including:
- Executives from the wider healthcare and pharma space (healthcare providers, insurers, CROs, specialty labs, drug makers, etc).
- Smart physicians looking to familiarize themselves with modern technologies
- Government-employed healthcare professionals
- The NGO sector involved in the healthcare space
- Investors in the digital health/health IT space
- Healthcare business analysts
As well as for everyone else looking to advance his/her career by being ahead of the curve.
There are no doubts that senior care technologies are booming. The question is not whether you should learn about it; the question is can you afford NOT to. Buy this report and never look back. There is a 30-day money back guarantee so you have nothing to lose.
1. About this research brief
- Baby Boomers Are Retiring
- Nurse and Doctor Shortage
- The Aging at Home Trend
- Medication Non-Adherence
- Technology Is Not Easy To Use
- Staying in Touch
- Staying Independent
- Remote Health Monitoring
- On-demand Care
- Digital Assistants & Tabletop Robots
- Medication Management
- New Transportation Options
- New In-Home Care Services
- Virtual Reality
- End-of-Life Planning
- And more…
- Who’s Paying for the Technology?
6. Projects & Initiatives
- Senior Living Communities and Nursing Homes Are Adopting Tech
- AARP Working With Startups 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
8. List of Companies
- American Well
- Circle Medical
- Comfort Keepers
- Doctor On Demand
- Dose Healthcare
- Intuition Robotics
- Iris Plans
- Kindly Care
- Misfit Wearables
- One Caring Team
- OneLife Technologies
- Papa Technologies
- Proteus Digital Health
- Reemo Health
- SMART Brain Aging
- Starkey Hearing Technologies
- Tactio Health Group
- Triple W
- Vital Decisions