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Digital Health Report

Senior Care 2.0

Digital Health Technologies Transforming Senior Care

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.
Major Challenges Addressed 100+ Companies Covered Popular Technologies Discussed
100+ Pages, PDF Download Optimized for Smartphones One-Year of Updates Included

The Big Picture

You have probably heard that the digital health market is booming. In the U.S. alone, companies raised $7.4 billion in 2019, according to Rock Health. The same source has found that $3.1 billion was invested in the first quarter of 2020 - before the COVID-19 pandemic.

And it's not just an American thing only. Another source, StartUp Health, claims that a total of $13.7 billion was invested in digital health companies across the world in 2019. They have also summed up all the investments since 2010 - and have found that, so far, a whopping $70 billion was invested in this sector!

Add the coronavirus pandemic to the mix and you get a market that is steaming hot with companies both big and small fighting for their piece of the ever-growing pie.

digital health

Our goal is to provide you with useful information so that you too could participate and compete. Whether you want to start brand new or grow an exiting digital health business, we think we could help. That's where our reports kick in. Read on for details...

Report Introduction

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 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.

Report samples: First 6 pages of the report / Part of the section "On-demand Care"
  • About this research brief
  • Introduction
  • Challenges
  • Baby Boomers Are Retiring
  • Nurse and Doctor Shortage
  • The Aging at Home Trend
  • Medication Non-Adherence
  • Dementia
  • Technology Is Not Easy To Use
  • Goals
  • Convenience
  • Engagement
  • Staying in Touch
  • Staying Independent
  • Technologies
  • Remote Health Monitoring
  • Telehealth
  • On-demand Care
  • Wearables
  • 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?
  • 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
  • Accenture Launches AI-Enabled Solution to Tackle Elderly Loneliness
  • MyndVR, Pico Interactive and Littlstar Donating VR to seniors to combat social isolation
  • Conclusion
  • List of Companies
  • ActiveProtective
  • Aiva
  • Alert1
  • AllyAlign Health
  • Amazon
  • Amwell
  • Anelto Health
  • Apple
  • AssistMe
  • Beltone
  • Birdie
  • Bloom Circle
  • Briocare
  • Cake
  • Capsule
  • CareLinx
  • CarePredict
  • Cera
  • Circle Medical
  • Comfort Keepers
  • Cutii
  • DispatchHealth
  • Doctor On Demand
  • Domalys
  • Doro
  • Dose Healthcare
  • E-Vone
  • Eargo
  • EarlySense
  • Edema
  • Essence Group
  • Everplans
  • Fitbit
  • FriendHealth
  • Garmin
  • GogoGrandparent
  • Google
  • grandPad
  • GreatCall
  • Heal
  • HealthTap
  • Helite
  • Hexoskin
  • HomeHero
  • HoneyCo
  • Honor
  • iBeat
  • Independa
  • Intuition Robotics
  • Iris Plans
  • Jibo
  • Jupl
  • K4Connect
  • KareInn
  • Kindly Care
  • Konsie Technologies
  • Lyft
  • MDLIVE
  • Microsoft
  • Misfit Wearables
  • MyMeds
  • MyndVR
  • MyndYou
  • NurtureWatch
  • Nymbl Science
  • OMsignal
  • One Caring Team
  • OneLife Technologies
  • Orbita
  • Oticon
  • Oxehealth
  • Pager
  • Papa
  • PerceptiMed
  • Phil
  • Phonak
  • Pillo Health
  • PillPack
  • Pillsy
  • Polar
  • Proteus Digital Health
  • Qardio
  • RapidSOS
  • Reemo Health
  • Remedy
  • Rendever
  • ReSound
  • RideWith24
  • Samsung
  • Seniorlink
  • Sensoria
  • Sentrics
  • SingFit
  • SMART Brain Aging
  • Soundmind
  • Starkey Hearing Technologies
  • Tactio Health Group
  • Talyst
  • TeiaCare
  • Teladoc
  • Togg
  • Triple W
  • Trusty.care
  • Uber
  • UnaliWear
  • Vital Decisions
  • Vynca
  • Walabot
  • WalkWise
  • WatchRx
  • Withings
  • Xenoma
  • Xiaomi
  • xim
  • XRHealth
  • Total number of companies mentioned in the report: 115

5 Factors Driving the Growth of Senior Care Technologies

Let's briefly take a look at a few reasons that are helping drive the growth of digital health technologies in senior care:

1. Retiring Baby Boomers
The so-called "silver tsunami" is already affecting multiple industries, with the US Bureau of Labor Statistics reporting 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.

2. Nurse and Doctor Shortage
Globally, the World Health Organization (WHO) estimates a shortage of almost 4.3 million nurses, physicians and other health human resources  --  reported to be the result of decades of underinvestment in health worker education, training, wages, working environment and management. The shortage leads to increased workloads, which further leads to increased risks of errors that could potentially have dangerous consequences, compromising patient safety and even lead to adverse outcomes.

3. The Aging at Home Trend
Aging at home, or aging in place, is defined as "the ability to live in one's own home and community safely, independently, and comfortably, regardless of age, income, or ability level" according to the CDC. While this is appealing to most people  --  with 90 percent of adults over the age of 65 reporting they would prefer to stay in their current residence as they age  --  this decision comes with its risks. In that sense, people aging at home are encouraged to adopt new technologies like sensors to make the process easier for all parties, including family members and caregivers.

4. Medication Non-Adherence
Seniors are not the only ones struggling to regularly take prescribed medications. The problem is huge across the board, with non-adherence estimated to cost the U.S. healthcare system anywhere between $100 billion and $300 billion each year. The situation is especially dire with patients with chronic conditions, such as diabetes, hypertension and asthma  --  which can be effectively managed with low-cost medications. Hospital readmissions alone account for $41 billion of the total costs, with research showing that around 66 percent of readmissions stem from non-adherence.

5. Dementia
Dementia is an age-related disease that is becoming ever more prevalent as demographics change. It affects primarily people over the age of 80, with this group accounting for more than 70 percent of all dementia sufferers. Alzheimer's disease accounts for 60 to 80 percent of cases, while Vascular dementia  --  which occurs after a stroke  --  is the second most common dementia type. There are also other conditions that can cause symptoms of dementia, including some that are reversible, such as thyroid problems and vitamin deficiencies.

...

In this report, we are going through all these issues and are also exploring different tech-enabled solutions that are helping improve the care of the elderly.

All It Takes Is a Single Idea...

You can hardly remove yourself from the digital health revolution. Whether you're a health professional, software developer, advocate or a government employee -- this emerging trend is hard to miss. Heck, at some point, all of us will experience (and benefit from) digitized healthcare as patients.

Our reports will help you get to know the market. You'll learn about specific segments of the digital health market, new and emerging technologies, who the main players are, and more.

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All it takes is a single idea to help you:

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  • Get a new (better) job

That single idea alone will easily justify your purchase of our report(s). If you want to pay for them at all. Cause, if instead of buying an individual report -- you can go for the Premium Membership and get all our reports for free for 7 full days. That's our free trial offer, and even then -- you can ask for a refund after 30 days.

There is really nothing to lose and so much to gain. Or so we think. And again, we invite you try us out.

Is This The Report For You?

DHbriefs reports are made for today's busy people; let us mention the three big groups:

Pharma
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.

Payors
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.

Software developers
With the growth of digital health, we 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. In that sense, our reports help software developers find their niches in the market and even potential partners.

And that's not all...

growth

We are also confident that our reports will help other parties, including (but not limited to):

  • Investors in the (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

As well as for everyone else looking to advance his/her career by being ahead of the curve.

But don't take our word for it. Here's what some of our clients have said about reports:

"As a mid-level manager in a relatively small pharmaceutical company, I'm trying to read as much information as I can -- so I could advance in my career and even change jobs. Yes, I get a ton of material from our corporate Intranet but all of it is organized in some strange way. I prefer going through your reports on my iPad - they provide me with structured information and I'm honestly now better prepared for what lies ahead. Thanks!"
Jonathan Brown London, UK
"I work for at a major Medicare Advantage Plan and honestly, I never thought I'll need or want to get a report from a third party. At our company, they send us more brochures and information than any human can possibly comprehend. But I decided to try your Premium Membership -- there was a free trial, after all -- and I'm glad I made the move. Now I much better understand up and coming technologies that will be relevant for my work in the next few years. I also like the way how reports are structured which makes them easy to grasp."
Jennifer Wilson Massachusetts, USA
"Me and my web dev team were looking to enter the digital health market but didn't know where to start. We've searched the internet and read all we could but it was overwhelming and hard to grasp. Your [Senior Care 2.0] report helped us select the niche we want to compete in and now we're back in development mode with our first product launching in 6 months. Thanks a ton. Well worth the money!"
David Zielinski Krakow, Poland

The main idea behind our reports is to save time and consequently money. We did the research, spent hours and hours consolidating all the different information, and summed it all up for you. We are sure you have more important things to do - why bother with research when you can have everything delivered to your iPad, computer, or whichever device you happen to use.

While we're sure you have your own sources -- and let's face it -- some of which may be even better than ours (i.e. if you're an investor), we are sure you will appreciate our work as well. We took an extra effort to analyze and synthesize all the data, so you get only the good stuff.

There are no doubts that digital health technologies are booming. The question is not whether you should get "in"; the question is can you afford NOT to. Get our report and never look back. There is a 30-day money-back guarantee so you have nothing to lose. And even a 7-day free trial with our Premium Membership (that includes access to all our reports).

What Is NOT Included...

We gave you the general idea what to expect from our reports; let us briefly talk about what's not included:

Empty Words and Phrases
We've tried our best to minimize those though we're sure there is always room for improvements.

Numbers
There are other reports offering forecast, we're not about that. Rather we aim to provide you with a comprehensive overview of the market (sub)segment.

Magic Bullets
We don't imagine reading our report(s) we'll help you grow your business tenfold or even solve any particular problem. You will get new ideas, learn about the market, technologies, key players, and more.

And if you don't like what you're getting - you can always ask for a refund. Better yet, with the Premium Membership -- which includes access to all our reports -- you will also get a 7-day free trial that effectively allows you to try before you buy.

Our Promise

We strive for excellence, and are looking to have happy customers. In that sense, our promise includes:

Instant Download
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Full Year of Updates
While this research brief is limited in scope, we aim to update it whenever we catch new, relevant information. As part of the deal, you get a full year of updates for free. And we're letting our customers know whenever the report has been updated and what was changed/added.

Money-Back Guarantee
If you are not 100% satisfied with your purchase, contact us within 30 days from the purchase date, and we will fully refund the cost of your order. No hassle of any kind.

Three Reasons to Buy This Report

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We read it all so you don't have to. In the process we clear out the clutter and deliver only the stuff that actually matters.

2. Advance

Knowledge is power. This report is bursting with information — use it to advance your career and your company.

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Act now, it’s risk-free!

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Frequently Asked Questions

We've put an extraordinary amount of time to provide you with a comprehensive outlook of each market (sub)segment. You will learn about novel technologies, key market players, new use cases and more. We don't provide forecasts, though. There are other reports for that.

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We offer a 30-day money-back guarantee with all our reports. If you don't like what you're getting - send us an email, and you'll get your money back. No questions asked. In addition, with our Premium Membership (which includes access to all our reports) - we also offer a 7-day free trial. This way, you get to try before you buy - and only pay if you like what you're getting.

A free trial is available with our Premium Membership, which includes access to all our reports.

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