“Aging in Place” means remaining safe and independent at home. The digital home health technology industry has become a vehicle to ensure a more comfortable aging-in-place experience, without the fear of isolation or loneliness. New technology tools make it possible to receive the virtual care, socialization and support needed to remain in familiar surroundings. The massive aging of the population promises a strong potential opportunity for home care and technology solution providers.
Although most home care is provided by family, friends or volunteers, there is a growing trend to pay for in-home services, including companionship, grooming, handyman, light housekeeping, meal preparation, and errands. Increasingly, services are expanding to include health, socialization and wellness. Technology will enable individuals to stay home while having a significant, positive impact on health outcomes and cost.