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.