AgeTech Market Scan
The AgeTech industry is attracting increasing attention and investment on a global scale. Year over year, this space has garnered more focus of innovation and funding commitments towards development of new solutions. Given that there is a growing interest in AgeTech tools - both from a startup perspective and an institution perspective - it was not challenging to identify companies for this brief. Instead, careful consideration was placed into only selecting companies with true potential to solve a real need for seniors/caregivers and make major distribution within the industry. The companies identified each leverage different technologies and methodologies to address different needs that seniors and caregivers currently face in their everyday lives.
Explore the companies and highlighted top players that have had the most innovative products, largest market opportunities, and best positioning for distribution including top companies: Ianacare, Papa, and Nobi .
Ianacare
Ianacare is a Massachusetts-based health-tech platform that offers solutions such as digital-centric caregiving and community engagement for individuals. The company’s platform rallies personal social circles to give practical assistance like meals, rides, respite care, childcare, pet care, house errands, and emotional support via private communication, enabling clients to have a personalized and interactive gateway to all the resources for non-clinical support needed in the home.
Papa
Papa is an elderly care management platform that connects college students to senior citizens for companionship and assistance. The company’s platform offers to provide “family on-demand,” by working with Medicare, Medicaid, and employer-sponsored health plans to provide a companionship and care benefits for older adults and families and connects college and nursing students to older adults who need assistance with transportation, house chores, technology lessons, and other services, enabling the elderly to stay independent while living securely and happily at home.
Nobi
Nobi is the manufacturer of subtly designed lamps that include sensors to provide fall detection and prevention for the elderly. Nobi calls for help when a fall occurs, and ensures help arrives quickly. The company’s platform designs lamps that have the technology to detect falls and can, if needed, contact family or caregivers, the subtly designed lamps provide peace of mind for seniors and their families while enhancing care and communication, enabling old aged people to get home care technology.
