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Susan Ayers Walker speaks on Aging Tech Conference Call 11-5-09
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Aging Overview
Global View
• The world's population is aging at a rapid rate.
• The 50+ population is the fastest growing segment worldwide and predicted life-expectancies are high.
• An American turns 50 once every seven seconds.
• Within the next few years, 50% of the European Union's population will be 65+.
• By 2030, in Italy, retirees will outnumber active workers.
• By 2050, the median age in Thailand will rise to 50.
Source: MIT AgeLab
Someone turns 50 years of age every six seconds.
55 million are over 55 years of age and 34 million are over 65 years old - and that figure will double by 2030.
Median age is 43. By the year 2014, the youngest baby boomers will be 50 years of age and the oldest will be 68.
People over 50 account for 43 percent of all U.S. households.
The over-85 age group is the fasting-growing segment of the population. By 2020, the senior population will number approximately 115 million.
The current senior population possesses over $900 billion in spending money. Nearly a quarter of householders aged 65 to 69 have a net worth of $250,000 or more.
Sources: The Center for Mature Consumer Studies and The Roper Organization for Modern Maturity Magazine
Aging at Home
Everyday Living
• ADLs – Bathing, grooming, feeding, toileting
• Interactive tasks phone calls, taking meds, housekeeping, meal prep, bill paying, shopping, socializing outside the home.
• Home and personal Safety, fall prevention.
• Mobility and Transportation
Health Management
• Health and wellness management
• vision, hearing, balance
• Nutrition
• Exercise
• Sleep management
• Cognitive fitness
• Care coordination
Staying Connected and Supported
• Personal Engagement
• Lifelong learning
• Social Interaction
• Leisure Activity
• Emotional and Spiritual well being
• Being Supported by Caregivers
5.3 The Challenges of Aging
Future Scenario: The Connected Home
Eskaton National Demonstration Home -- Roseville, California
This home represents the future of smart, healthy, independent living for America’s older generations.
The home combines:• universal design,• consumer technologies• and green living features
The nonprofit corporation Eskaton, began in the 1960s. http://www.eskaton.org
The organization's name, Eskaton is from the Greek language and means the "beginning of a new age“. The orange "o" in the Eskaton name represents the rising sun.
4.3 Eskaton – CA/CAST - USA
Source: Eskaton
Scenarios for Consumer Driven Healthcare
New Business Models –Consumers Self Manage
3) Patient self installs
1) Doctor places order.
2) Device delivered directly to the patient, ready to use.
4)Patient returns device to CardioNet after diagnosis.
5) CardioNet sends doctor the patients’ cardiac report
Source: ITU, Informa, Wireless Intelligence, Instat, IDCEstimated for 2008
Phone Is the Most Personal DeviceOver 700 Million 3G Subscribers Today
Forecast to Grow to 1.6B 3G Subscribers by 2012
30% of US Households Will Not have a Land Line in 2010Source: Wireless Intelligence
Wireless Mobile Devices and Biosensors will Transform Fitness and Healthcare
Source: Qualcomm, D. Jones, Silvers Summit 2009
Trends and Opportunities
Full or Partial Reimbursement
Supportive Policy
Disease Management and prevention
Effective and efficient care coordination
Business Model is affordable and scalable
Underlying Infrastructure in place
Consumer education and trust
Caregiver buy-in
Successful Product Deployment
Ideal Development and Barriers
Payer and Government Healthcare Provider
Vendors, Developers Consumer , Local caregivers
Questions ?
