At CES: An Expanded Focus on the Longevity Economy

mrblogart

Anyone looking for evidence that the tech industry is waking up to the power of the Longevity Economy – the term many use as a catch-all for the $7.6 trillion in annual economic activity in the U.S. generated by people age 50 and up -- need look no further than CES, the global consumer electronics show held in Las Vegas last month.

Here’s a quick summary of some (but certainly not all) of the new products and services that jumped out at us at CES this year:

We were intrigued to see an emerging wave of wearable health monitors in the form of bracelets and pendants that use tiny nanotech gas sensors to check the glucose levels of diabetes patients and warn them when a hypo- or hyperglycemic episode is coming on and it can notify caregivers of the episode, too.

Another notable development is a newly announced partnership between Cognitive, Plume, Qualcomm and Stanley Black & Decker for the launch of a Wi-Fi-based home security and remote monitoring service called Omni Motion detectors are normally focused on identifying intruders, but, as Omni reminds us, the capability can also be useful for identifying whether an older person living on their own is up and about. Since one of the obstacles to aging in place can be concerns about safety for an older person living on their own, a service like Omni could be a useful resource for aging-in-place residents and those who care about them.

And how could we fail to mention AARP’s pitch competition, sponsored by AARP Innovation Labs, which brought together eight promising tech-focused start-ups and early-stage companies who are bringing to market products and services focused on people 50-plus? The competition was fierce and while all of the competing entities were impressive, inevitably, judges had to narrow the field to just two.

The two winners — StoryUP Healium and Waverly Labs — will compete again in October at a pitch finale at AARP’s national headquarters in Washington, D.C. StoryUP’s virtual reality (VR) device uses electroencephalogram (EEG) feedback to reduce stress and offer virtual travel opportunities to its users. Waverly’s earbud is able to interpret conversations almost in real time.

Stay tuned!

Search AARP Blogs

Related Posts
March 26, 2019 01:51 PM
Technology holds great promise in addressing the needs of older adults as they focus on remaining healthy, active, socially connected and independent. To understand their behavior around adopting tech products, the Consumer Technology Association (CTA) and the CTA Foundation surveyed older adults and caregivers and found a deep interest among the group to embrace tech that promises greater convenience, safety and health.
March 25, 2019 02:24 PM
Skyrocketing prescription drug prices have been a major, ongoing concern for many Americans, particularly older Americans. A new AARP survey confirms this: 72 percent of adults age 50 and older said they’re worried about being able to afford their medications. Seniors are especially vulnerable to rising drug prices because they take an average of 4.5 prescription drugs each month. In 2015 alone, Medicare beneficiaries spent nearly $27 billion in out-of-pocket costs for their prescription drugs.
March 19, 2019 01:50 PM
AARP recently won a prominent " Sharecare Award" for its video spotlighting men as family caregivers, raising attention to an often hidden but vitally important group of people. Co-produced with AARP Studios, the 3-minute video offers an inside look at a gathering of African-American men from Philadelphia who support one another and openly share their unique challenges.