Investment in older people’s tech trebles

Artistic view of mobile technology at home: girl using a mobile phone and a laptop.

Global investment in technology for the older people’s market has nearly trebled since last year, according to research by the Daily Telegraph.  

It said investment this year has so far reached $453m (£347m), up from $166m (£127m) in 2017.

There are 11.8 million people in the UK over the age of 65, according to Knight Frank, which has forecasted numbers to rise by 20% over the next decade. By 2050, one in four people will be 65 or over, it said.

Last month tech start-up Kintell launched a ‘smart’-health electronic product designed to help the over 70s live at home.

The device will let an older person know when they should take medication or renew a prescription, and has a ‘check-in’ function so they can let a family member know that they are okay.

The November issue of Care Markets features a technology supplement.