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GERIATRIC ASSISTIVE TECHNOLOGIES MAKE ACTIVE AGING TREND A REALITY

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GERIATRIC ASSISTIVE TECHNOLOGIES MAKE ACTIVE AGING TREND A REALITY

November 11
07:50 2014

Global Aging Population (65+ years), 2000-2050 (% of the total population)
The bigger question is whether simply reassuring the safety of the elderly is enough? There is a growing need for accurate, fast and intelligent emergency monitoring devices, which will gradually pave way to modern technologies.

The on-going trend of active aging is progressively moving the geriatric population towards an active and independent life. The move is a shift towards a better and healthy lifestyle for senior citizens, rapidly narrowing down the gap between life expectancy and healthy living years. Rapidly aging baby boomer population, growing trend of nuclear families and rising costs of in-hospital care are impelling an unprecedented demand for affordable healthcare solutions.

The regulatory reforms such as Obamacare’s Hospital Readmissions Reduction Program (HRRP) impose fines on hospitals for patient readmissions. Such policies are compelling hospitals to provide efficient and timely medical care during and after the hospital stay, making healthcare more accessible and affordable for all income groups. However, there is still a wide gap between demand for senior assistive technologies and availability of adequate healthcare resources. According to the Centres for Disease Control and Prevention (CDC), about 80% of older adults have one chronic condition, and 50% have at least two, putting them at risk of severe disabilities such as hip fractures and stroke.

Are there any devices or solutions that assure the safety of senior citizens in an event of emergency? Currently, there are a very few affordable devices in the market that are user-friendly and capable of improving overall quality of life of the users. One such technology is the Personal Emergency Response System (PERS). The bigger question is whether simply reassuring the safety of the elderly is enough? There is a growing need for accurate, fast and intelligent emergency monitoring devices, which will gradually pave way to modern technologies and devices such as the mobile PERS (mPERS), standalone devices, smart emergency sensors and location trackers.

The newer devices are slowly changing the way people look at personal safety and security solutions. While the mPERS enable users to break free from landline-based systems, the standalone PERS will revolutionize the senior care devices market. These devices are integrated with the GSM modem making an additional landline or mobile connection unnecessary. These are further integrated with sensors to locate the users, monitor activity, detect falls and automatically alert the monitoring centres in case of an emergency. These devices help the seniors lead an active lifestyle without worrying about the dangers of falling down and injuring themselves.

Despite the rapidly increasing sales of mobile PERS devices, the market is far from being saturated. To stay ahead, mobile PERS manufacturers will need to integrate their devices with emerging technologies to provide automated PERS solutions. These devices address a serious issue of emergency detection in situations wherein the user is unconscious, unable to summon assistance or cannot tell his whereabouts. Traditional PERS manufactures should capitalize on the rising demand for such systems and develop novel PERS targeting consumers who are more than willing to spend a little more for that additional security and safety.

This article is an extract from the global Medical Alert systems market report from IndustryARC. To know more about this study and to request for Sample Data / Brochure, please click the below link:

http://industryarc.com/Report/98/medical-alert-devices-market.html

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