Seniors Care Market overview

An Abeona Systems Presentation

SENIORS HEALTHCARE

ANINDUSTRY OVERVIEW

BY

Some facts about this global reality.

Global Aging Population 1

Globally the population is aging

(60+)

Seniors represent 901 mi l l ion of the wor ld’s populat ion.

They are expected to reach 2.1 b i l l ion by 2050.

Canada, United States, European Union, Japan

Seniors in the western countries 1.1

Canada (65+) A C a n a d i a n s e n i o r c i t i z e n n o t l i v i n g i n a n e c o n o m i c a l

f a m i l y re c o rd e d a m e d i a n a f t e r- t a x i n c o m e o f $ C A D 2 5 , 7 0 0 .

Rest of the Canadian

Population

Senior Population 16.1%

Canadian Population in 2015

Rest of the Canadian

Population

Senior Population 20,1%

Canadian Population by 2024

United States of America(65+) A U S s e n i o r c i t i z e n re c o rd e d a n a v e r a g e m e d i a n a f t e r- t a x

i n c o m e o f $ U S D 2 3 , 6 1 5 .

Rest of the US Popu-

lation

Senior Population 14.5%

US Population in 2014

Rest of the US Popu-

lation

Senior Population 21.7%

US Population by 2040

European Union (EU-28, 65+)

Rest of the EU Popu-

lation

Senior Population 18.5%

European Union Population in 2014

Rest of the EU Popu-

lation

Senior Population 21.7%

EUROPEAN Union Population by 2040

Japan (65+)

Rest of the Japanese

population

Senior Population 26.3%

Japan Population in 2015

They live longer and they want to

keep their independence

Modern seniors l ive longer and they want to keep thei r independence. Those new rea l i t ies g ive b i r th to the aging- in-p lace trend.

Aging-in-place definition: “Aging in p lace is a term used to descr ibe a person l iv ing in the res idence of the i r choice, for as long as they are able, as they age. Th is inc ludes being able to have any serv ices (or other support) they might need over t ime as thei r needs change.” (Age in P lace, 2015)

-The American Association of Retired Persons

“Nearly 90% of seniors want to stay in their own homes as they age”.

The role of technology in the

aging-in-place popularity

Techno logy i s p lay ing a b ig ro le in the popular i ty o f th i s t rend . They make the ag ing- in -p lace a rea l i ty fo r some, and fo r the others they make i t an eas ie r and sa fer a l te rnat ive to the regu lar re t i rement homes.

Wearable technology

Among a l l the techno log ies a imed at the sen iors market , the wearab le techno log ies are the one which p layed the predominant ro le in mak ing the ag ing- in -p lace a popular cho ice .

-SeniorsGrowth.com, 2016

“It’s only a matter of time before they become a significant piece of senior health care management, particularly for seniors “aging in place”, who still want the comfort of knowing their health is being actively tracked. Currently, 16% of consumers use wearable sensors with 47% saying they would consider using them in the near future.”

Internet Savvy: Seniors are coming

to the internet

In fact , 58% of seniors are a l ready us ing the web (Pew Research Center , 2015) .

Business have to adapt to take advantage of this new trend

Larger font type

Eas ier user inter face

S imple funct ional i ty

Migration of care

B.E. Smith Report: One of the challenges faced by healthcare executives2

Migration of care away from

hospitals and clinics is a new

trend in this industry

“More and more pat ients are migrat ing f rom the regu lar hosp i ta l s , phys ic ian pract ices and c l in i cs to emerg ing prov iders l i ke reta i l c l in ics and independent ambulatory serv ices” (B .E . Smi th report , 2015) .

-B.E. Smith report, 2015

“Forbes noted in 2014 there were now 10,000 urgent care clinics across the US, handling 160 million visits annually, and the retail health has become a $16 billion industry.”

“Healthcare services are migrating out of the hospital’s or clinic’s four walls. Emerging players are taking their place in the market. Innovation and new technologies are also providing new opportunities” (B.E. Smith, 2015).

Cost saving vs quality care;

technology might have the solution

Te l e m e d i c i n e a n d m a n y o t h e r i n n o v a t i v e t e c h n o l o g i e s a re a l re a d y c h a n g i n g t h e w a y h e a l t h c a re p ro f e s s i o n a l s p ro v i d e t h e i r s e r v i c e s t o t h e i r p a t i e n t s .

I n f a c t , t h o s e i n n o v a t i o n s a re p re s e n t i n g h e a l t h c a re exe c u t i v e s t o t a c k l e t h e o l d d i l e m m a o f c o s t s a v i n g v s q u a l i t y c a re .

Telemedicine

The Amer ican Te lemedic ine Assoc iat ion defines te lemedic ine as : “ the use o f medica l in format ion exchanged f rom one s i te to another v ia e lect ron ic communicat ions to improve a pat ient ’s c l in ica l hea l th s tatus” .

The American Telemedicine Association defines telemedicine as:

“the use of medical information exchanged from one s i te to another v ia e lectron ic communicat ions to improve a pat ient ’s c l in ica l heal th status”.

Video consultations

A B.E. Smith “forecast found that there wi l l be 130 mi l l ion v ideo consul tat ions by 2018 in the Uni ted States” .

-Reuters.com, 2012

“The Center for Disease Control in a study last year estimated that fewer emergency hospital stays could save $7 billion annually. One night in an intensive care unit can cost $10,000, in a nursing home over $200, while staying at home with a health monitor could cost as little as $10.”

The emergence and popularity of new social trend like; aging-in-place or the fact that patients are more and more seeking more convenient healthcare, combined with innovative new technologies like telemedicine are shifting the landscape of the healthcare industry. The healthcare executives have now the opportunity to either to implement cost saving strategies without the trade-off on quality or introduce totally new services.

Investment in the elder care space

B y t h e t i m e M i c h a e l Wo l f w ro t e h i s a r t i c l e H e re ' s W h y E l d e r C a re M a y B e T h e N ex t B i l l i o n D o l l a r Te c h n o l o g y O p p o r t u n i t y i n A p r i l 2 0 1 4 ( Fo r b s M a g a z i n e , 2 0 1 4 ) t h e re w e re o v e r 1 3 8 c o m p a n i e s l i s t e d i n t h e E l d e r C a re s e c t i o n o n t h e s t a r t u p s fi n a n c i n g a n d e q u i t y r a i s i n g s i t e , A n g e l L i s t ( Fo r b s M a g a z i n e , 2 0 1 4 ) .

A s o f J u l y 2 0 1 6 , t h e s i t e l i s t e d 3 1 0 c o m p a n i e s f o r a n a v e r a g e v a l u a t i o n o f $ U S D 4 . 7 m i l l i o n ( A n g e l L i s t , 2 0 1 6 ) .

The BRICS countries and it’s probable replacement!

Emerging market 3

Emerging markets; the BRICS countries

T h e e m e rg i n g m a r ke t s p re s e n t h u g e o p p o r t u n i t i e s , e s p e c i a l l y t h e B R I C S ( B r a z i l , Ru s s i a , I n d i a , C h i n a a n d S o u t h Af r i c a ) c o u n t r i e s .

J u s t a l i t t l e re m i n d e r , t h e s e m a r ke t s re p re s e n t m o re t h a n 4 0 % o f t h e g l o b a l p o p u l a t i o n a n d a c c o u n t f o r m o re t h a n 2 5 % o f t h e g l o b a l G D P ( G l o b a l S h e r p a ) .

Brazil

“ T h e B r a z i l i a n h e a l t h c a re i s o n e o f t h e l a rg e s t a n d m o s t ex p e n s i v e h e a l t h c a re m a r ke t a m o n g s t t h e B R I C S n a t i o n s a n d a t t h e s a m e t i m e i s i n m u c h n e e d o f i m p ro v e m e n t ” ( P R N e w s w i re , 2 0 1 6 ) .

B r a z i l i s t h e l a rg e s t h e a l t h c a re m a r ke t i n L a t i n A m e r i c a . P r i v a t e H o s p i t a l s o p e r a t e o n a re g i o n a l l e v e l o n l y. T h e h e a l t h c a re m a r ke t i s h i g h l y f r a g m e n t e d , c o n s i s t i n g o f a b o u t 1 , 0 0 0 c o m p a n i e s ( S u t h e r l a n d G l o b a l S e r v i c e s , 2 0 1 3 ) .

Russia

Ru s s i a i s c u r re n t l y , f a c i n g a d e c re a s i n g p o p u l a t i o n . T h e p u b l i c ’ s c u r re n t c o n t r i b u t i o n i s a b o u t 6 3 % o f t h e t o t a l h e a l t h ex p e n d i t u re .

B u t 6 4 % o f Ru s s i a n s u s e p r i v a t e c l i n i c s a n d o t h e r h e a l t h c a re f a c i l i t i e s ( S u t h e r l a n d G l o b a l S e r v i c e s , 2 0 1 3 ) .

India

T h e c o u n t r y ’ s h e a l t h c a re s y s t e m i s d e v e l o p i n g r a p i d l y a n d c o n t i n u e s t o ex p a n d i t s c o v e r a g e , s e r v i c e s a n d s p e n d i n g i n b o t h t h e p u b l i c a s w e l l a s p r i v a t e s e c t o r ( S u t h e r l a n d G l o b a l S e r v i c e s , 2 0 1 3 ) .

China

C h i n a i s t h e t h i rd l a rg e s t m a r ke t f o r m e d i c a l d e v i c e s i n t h e w o r l d a n d i s ex p e c t e d t o r i s e t o t h e s e c o n d l a rg e s t i n t h e n ex t f e w y e a r s , i m p o r t i n g t h e l a rg e s t p o r t i o n ( 3 1 p e rc e n t ) o f m e d i c a l d e v i c e s f ro m t h e U n i t e d ( S t a t e s C l a r k s t o n C o n s u l t i n g , 2 0 1 3 ) .

An alternative to the BRICS countries

M o s t o f t h e B R I C S c o u n t r i e s a re h a v i n g d i ffi c u l t i e s t o m e e t t h e ex p e c t e d e c o n o m i c g ro w t h . T h e Fo r t u n e M a g a z i n e s e v e n a l t e rn a t i v e c o u n t r i e s t h a t m i g h t f u l fi l l t h i s ro l e o f g ro w t h g e n e r a t o r s .

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