Age Tech: The Market Where Everyone is a Potential Consumer

What you need to know: Worldwide, the number of people over 65 totals 635m and could rise to 2B by 2060. The people getting older and living longer want to age comfortably at a home, but a lack of connectivity and social isolation makes it difficult. Venture capital funds have started investing tens of millions in age tech.     

How you can capitalize:

  • Improve connectivity and decrease social isolation through the sharing economy. Examples include Silvernest, which is a roommate service targeted at seniors.
  • Turn any number of clinical treatments or technologies into a direct to consumer service that reduces doctor and hospital visits. 
  • Use voice technology and other technologies to transform homes into areas where elderly people can feel more connected and where data can be collected on their well-being.