How AgeTech will shape IoT trends for 2020
02 July 2019 | 0 Comment
Trends in Smart IoT Homes are increasingly being shaped by rapidly changing user demographics and the emergence of AgeTech.
In the UK more than one in five people are already over 60 and the rate is increasing. It is expected that this figure will continue to rise from 14.9 million in 2014 to 18.5 million in 2025.
This change in age demographic has led the NHS to reframe frailty as a long term condition to be prevented, identified and managed alongside other long term conditions. This new prioritisation of ageing and frailty have led to the surge in new AgeTech solutions that focus on improving care outcomes and more sophisticated measurement through the use of data.
As an example the NHS Long Term Plan has prioritised the need to use technology to redesign services to avoid up to a third of outpatient visits – 30 million a year.
At the same time consumers are starting to see healthtech/ AgeTech as an investment in not just their current but also future wellbeing.
Major Trends for 2020
The result will be three majors trends for 2020:
- Remote health monitoring
- Connected health
- Health analytics
The first of the major AgeTech trends for 2020 will be an explosion in the popularity of remote health monitoring and interactions. Services like Babylon and Thriva will continue to expand with the limited private middle-aged user demographic. But it is TV-based video calling for seniors that will redefine TeleHeathCare. Kraydel’s sofa-to-sofa platform transforms any TV into a two-way video calling platform, while integrated IoT sensors provide activity monitoring. Kraydel’s platform enables DomCare providers, health care professionals as well as family and friends to support seniors through remote care provision, medication management, self care and video consultation.
The second area of transformation will be the use of health analytics for personalised care for personalised care planning. Aggregated datasets through services like Kraydel will enable care providers to develop the technical architecture and infrastructure to better understand and improve healthy our lifespan. It will also enable proactive frailty case finding to target prevention strategies and support choices about key aspects of care and precision medicine. The need to better align data will mean new digitised health systems and seamless flow of information and access between patient held record and provider held records.
Finally we will see wearables and IoT integrated sensors coming of age. As AgeTech devices become more accessible, desirable and connected to health professionals and not just us, so they will become key to our continual monitoring and accountability. These aggregated and connected mHealth and wellness apps will soon offer new opportunities for personalised health plans and proactive cognitive, physical and nutritional interventions.
Technology will always be a journey – this next phase, the era of AgeTech, will be the foundation for the transformation in global healthcare for decades to come.