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Senior tech picks up steam, with overlapping interest from the smart home and healthcare industries.
The pandemic has spotlighted the vulnerability of older consumers and the need for thoughtfully designed technologies and services to reach them at home. A growing number of home security providers are branching out into offering Personal Emergency Response Systems (PERS)to their customer bases, and PERS solutions providers are likewise building out new remote patient monitoring platforms. With a growing focus on care in the home, expect PERS providers to serve as the bridge between medical providers and the home services industry. PERS solutions lead the independent living solutions market, with 58% of family caregivers reporting that they intend to purchase for their loved one.
Kristen Hanich Director, Research Parks Associates
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