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Senior Care Revolution: 5 Startups Shaping Eldertech

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We will get old one day — sad but true. The whole population is getting older drastically. The Administration of Aging report predicts the number of older people will be doubling since 2000 and reach 80.8 million residents aged 65 and older by 2040.

Simultaneously, there is a workforce shortage of professionals providing care for senior citizens while the cost of such services is rising. According to the LeadingAge Workforce Snap Poll, the lack of nursing home provider members represents 92%, while 70% of assisted living providers face the same issue.

Luckily, more and more tech companies are working on improving this senior care problem. They create solutions for supporting older adults and taking care of their health.

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