Now more than ever, the desire to age in place is driving a new category of technological innovation — and the market potential is vast. By the year 2050, 48.4 will be over the age of 75, up from 18.8 million in 2010. Not surprisingly, over 80 percent of today’s baby boomer want to remain in their own home as they grow older.
Reuters took a look at the growing technology sector aimed at seniors, caregivers, and healthcare professionals, citing the biggest game changer will be home health monitoring systems such as eCaring.
Real-time information from the home is the future of aging in place, said eCaring CEO Robert Herzog: “What you don’t know can hurt you. When you hire an in-home caregiver, you turn the keys over to a stranger and the door closes and the home is a black box – you have no information in any meaningful way. That leads to hospitalizations and rehabs that could have been avoided if the problems had been detected earlier.”
Read more about technology and aging by accessing the full Reuters article, here.