Dan Brody Chief Information and Technology Officer CITO

Healthcare Technology for Seniors

  • The United Nations (UN) forecasts that the 60+ age group will grow from 12.3% of the global population in 2015 to 16.5% of the global population in 2030.
  • In 2015, consumers aged 65+ accounted for around $7 trillion, or approximately 17%, of total worldwide consumer spending. In 2030, seniors are projected to account for around $15 trillion, or approximately 23.5%, of the total.
  • Our estimates suggest that seniors accounted for around 16.1%, or $1.3 trillion, of healthcare spending globally in 2015, and that they will account for approximately 21.6%, or $3.5 trillion, of global healthcare spending in 2030.
  • BCC Research valued the global market for senior-care technology at $3.7 billion in 2014, and the firm expects it to grow to $10.3 billion by 2020, at a CAGR of 18.8%.
  • Healthcare tech has been enabled by instant accessibility and Big Data, both of which can help improve patients’ quality of life and caregivers’ ability to perform their jobs.
  • Healthcare tech’s role in administering healthcare could be key to driving down overall costs, as this will become a matter of growing concern to those who pay for seniors’ healthcare.

Helping manage your parents care and getting support of Doctors, Caregivers and community support groups is very tough. There is a new project on the horizon that will help you manage all your long term care information in one place.  Allowing for better communication between siblings, and other people on support list for an aging parent.  Life Care Portal out of Boston will be launching in the next few months to help you track all the key information and make those around the support group more accountable.

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