The Medical Advisor

What Is AgeTech? AgeTech is technology that’s designed to meet the needs of older adults and those who care for them, and includes older adults (and other stakeholders) in the design process. According to estimates, the AgeTech market is expected to reach $2 trillion . The Case for AgeTech in 2022 Our world is going through an unprecedented demographic shift. Never in human history have we had so many people reach old age. Today, there are ~1 billion people over the age of 60 living on this planet, many of them are healthy and active and have discretionary income. The population over the age of 60 is growing faster than any other age group, by 2050, 20% of the world’s population (~2 billion people) will be over the age of 60. In 2022, people who can expect to live an 80, 90 or even 100 years, can also expect to have more healthy and active years after leaving the labour market – this created new opportunities for entrepreneurs, to create offerings that will enable generations of older ...