AgeTech Market Insights: AI Innovations Emerge in 2024 to Address Elder-Care Challenges Worldwide

The elder-care staffing crisis plaguing the U.S. could be mitigated by emerging solutions from AgeTech companies as they turn to artificial intelligence (AI) to improve their products, especially for seniors who age in place at home.

Rising elderly populations across the globe face multiple risks such as limited access to home-care workers, deadly heat waves from climate change, and the costs of state-of-the-art technology. And when a new digital product does appear on the market, it is often designed without input from senior customers. Hence it’s a flop.

Leaders of start-ups from the bumpy AgeTech sector, focused on digital solutions for the world’s aging population, met Tuesday at the 2024 AgeTech Market Outlook Webinar. This comes as more Americans over 50 have at least one primary digital device, indicating a readiness to accept new bells and whistles that will help them live their best lives.

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