Rising health costs and recent health policy changes are driving care into the home, energizing a technology market that serves older adults.
PORT SAINT LUCIE, Fla. (PRWEB) March 07, 2019
The marketplace for technology to assist aging adults is expected to exceed $29 billion by 2022, according to the Consumer Technology Association. This Market Overview report, the 10th Anniversary Edition, by Aging in Place Technology Watch identifies 66 offerings, half of them new, that are likely to be part of that growing market. Aging baby boomers and those who serve them will drive growth in the sales of these entrants, according to Laurie M. Orlov, founder of the market research firm.
“The oldest baby boomer turned 73 in January and expects technology solutions to assist them as they age,” said Orlov. “Older adults and those who care for them will seek enabling solutions that can help them at home or in senior living settings.
Industry trends and new offerings are featured in the newly updated report, 2019 Technology Market Overview from Aging in Place Technology Watch. It highlights current and new technologies for communication and engagement, safety and security, health and wellness, and learning and contribution, plus caregiving tech and services.
This is the leading market research report to take a comprehensive look at the technology for older adults and the trends that propel them. Long-time Forrester and tech industry veteran Laurie M. Orlov launched the market research company in 2009 with a blog, product, and industry information which can be found at http://www.ageinplacetech.com.
Headquartered in Port St. Lucie, Florida, Aging in Place Technology Watch provides thought leadership, analysis and guidance about technologies and related services that enable boomers and seniors to remain longer in their home of choice.