Technology is also able to keep people living at home without moving to a care facility. This has led to the “Aging in Place” movement and it is gaining momentum given the explosive growth of the senior population.

“Aging in Place” means remaining safe and independent at home. The digital home health technology industry has become a vehicle to ensure a more comfortable aging-in-place experience, without the fear of isolation or loneliness. New technology tools make it possible to receive the virtual care, socialization and support needed to remain in familiar surroundings. The massive aging of the population promises a strong potential opportunity for home care and technology solution providers.

The fact is, we’re not getting any younger. As a nation, we are living longer and the largest segment of the population — the baby boomers — is hitting retirement age. In the United States, the age 65 and over demographic is the fastest growing segment of the population, and of that group the fastest growing segment is over age 85, says Ken Gross, president and founder of Medical Alert Monitoring Association (MAMA) and president of Broomall, Pa.-based Connect America.