CNBC September 12, 2019
KEY POINTS
- New devices that use VR, robotics and other technologies have hit the market that help the elderly live longer, healthier lives.These innovations include VR headsets for seniors with Alzheimer’s and cloud-enabled fall detection watches.
- The active-aging industry in the U.S. — which includes safety and smart-living technologies, health and remote care, and wellness and fitness technologies — is expected to triple in the next three years, to nearly $30 billion.
Those ages 50 and older in the U.S. generate $7.6 trillion in economic activity, according to AARP, representing a huge financial force. That trend will grow as the number of older adults more than doubles by 2050, representing over 20% of the population.
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