As the elderly population grows in size – it’s expected to double by 2050 – there’s a huge focus on creating products and services to help people stay healthy and live in their homes longer.
Technology companies and health insurers are racing to create products that meet these needs. There are smart home sensors to keep people living independently, telehealth services for video chat with care givers, and an endless amount of connected devices that make it easy to record blood pressure, weight or just about anything.
The Australian government is focusing its efforts here too. The Health Care Homes program aims to give people living with chronic diseases one central place in their community to get help, whilst the broader move to consumer directed care models mean people will have more choice over the products and services they want to use.