Quality of Life for Everyone…including Caregivers

Hospice

  • In the past five years, over 40 million family caregivers provided 37 billion hours of care for loved ones. The value of this care is estimated at $470 billion.
  • At least 20% of adult children are taking care of an older parent.
  • About 85% of family caregivers in the U.S. do not receive any respite care.
  • The last phase of life is generally 4.5 to 5 years.
  • Nearly half of family caregivers over age 40 handle medical tasks, from changing bandages to inserting catheters or feedings tubes. Among that group, only 47% say they have received adequate training to perform those tasks. But more than 90% of family caregivers say they value the experience.
  • Nearly half of caregivers have trouble balancing work and caregiving.
  • Men are more likely to have employers who are not supportive of their caregiving duties.
  • Of working caregivers, 8% state that they have been sidelined from job-growth opportunities because of their caregiving responsibilities.
  • Alzheimer’s disease and other mental health conditions are more stressful on caregivers than dealing with physical ailments.
  • Half of adult caregivers say it’s moderately or very difficult to balance work and caregiving.
  • Three-quarters of the respondents found it to be stressful, and more than half found it to be overwhelming.
  • Depression affects 20 to 40% of all caregivers.
  • In the U.S., most caregivers are female and the patient receiving home care is the caregiver’s mother.
  • Women have been found to be more susceptible to caregiver burnout than men. Those who are responsible for helping someone with Alzheimer’s disease, dementia or a debilitating illness are also at a high risk of developing their own medical issues.
  • Nine out of 10 caregivers surveyed said that even with all the burdens, caring for their loved one is worthwhile.

It’s easy to think of technology as the domain of the young. After all, kids’ lives today are uniquely steeped in technology in a way that is almost inconceivable to previous generations. However, youth is not a prerequisite for harnessing the vast potential of technology into positive outcomes. One sector particularly well-positioned for the benefits of embracing technology? Senior caregivers- those who care for seniors professionally and/or personally.

Thanks to years of research and development in designing it, with Zanthion’s state-of-the-art SMART Senior Care Platform, caregivers can now easily monitor your senior family members from the comfort of your own home. If for some reason, complications or sudden accidents arise, Zanthion’s SMART Living system will notify you as soon as they happen. SMART Living is designed to send personal notifications to your mobile device or tablet instantly, giving you live status updates of your loved one’s activities.

Unlike typical medical alert systems, Zanthion’s SMART Living compiles and organizes all the vital data you need to ensure the best care for your loved one. We provide users with critical information like how many times your family member has asked for assistance, if/when they have fallen throughout the day, how active they are day-to-day and much more. Aggregated data of your family member’s daily activities can be viewed with our easy-to-use app, which displays data in visually rich infographics.

Zanthion ensures “Quality of Life” for senior communities and aging-in-place populations with a Crowdsourced-IoT Sensor/Event-based Wellness and Security Platform that measures and monitors, in real-time, the health of companies, communities, and individuals with actionable predictive analytics, quality control assessments, and household and community security.

The Caregiver Burden can be lessened by adopting technology like the Zanthion SMART Senior Care Platform for senior loved ones that are Aging in Place as well as in Senior Living Communities. The result…Peace of Mind.

https://www.linkedin.com/pulse/quality-life-everyoneincluding-caregivers-jeffrey-k-robinson/?published=t

Save A Life and Protect Your Family for Life – Zanthion Launches AI Digital Healthcare SMART Lifetime Bundle

Save A Life and Protect Your Family for Life – Zanthion Launches AI Digital Healthcare SMART Lifetime Bundle The special AI tech offer provides lifetime personal and home protection with automatic fall detection, wandering notification, heart rate monitoring, a help button and two-way communication anywhere in the world

 

SAN FRANCISCO, Calif., Aug. 23, 2019 (SEND2PRESS NEWSWIRE) — Zanthion™ launches SMART Lifetime, a complete personal and home security system for life, with no subscription fees and proactive health monitoring with crowdsourced awareness. Zanthion is an AI digital healthcare company with a class-leading Senior Care IoT Platform.

Zanthion - digital AI healthcare
“Zanthion’s sole goal is dignity of life for everyone. Zanthion believes in providing a lifetime of value without up-charging customers for additional functionality. Unfortunately, we are not able to pay our staff at this time,” says Zanthion CEO and Founder, Philip Regenie.

“We here at Zanthion have been contributing our time and financial resources for almost 3 years and have finally delivered a comprehensive suite of senior care products to ensure quality of life. We need your help.

“Each of us at Zanthion have our own challenges from cancer treatments, two premature twins in the hospital, and funding the company on social security. Our employees store and pack inventory from their homes and work eighteen-hour days to deliver the best Senior Care IoT Platform available today. We are asking you to do two things, provide comprehensive lifetime protection for you and your family and help Zanthion grow and in so doing help us pay our employees and provide them with adequate health insurance for their families.

“Please buy our Zanthion SMART Lifetime Bundle which will protect your home and ensure your dignity as you age. This package has a value greater than $22,000. It includes two beautiful watches with automatic fall detection, a help button, automatic answer, wandering control, and health monitoring.

“You also get complete home protection and Emergency Dispatch services if desired. With this purchase we will ship you our latest sensors free of charge when they become available. That includes new smaller longer lasting watches to heart sensors and pulse oximeter sensors. They will be the latest technology that will make it so we can predict health and provide intervention suggestions. We promise that everything we ship to you will be beautiful.”

Zanthion is only offering 150 of these special packages at: https://zanthion.com/product/zanthion-smart-lifetime-bundle/

About Zanthion:

Zanthion is an AI digital healthcare company specializing in PaaS, the integration of an extensible architecture of sensors, wearable devices, and environmental equipment for group senior living and aging in place—a combination of ridesharing (Uber/Lyft), smart homes, fall detection, and senior care. Zanthion embraces a responsible future. Learn more at: https://www.zanthion.com.

*LOGO link for media: Send2Press.com/300dpi/19-0613s2p-zanthion-300dpi.jpg

News Source: Zanthion

https://www.send2press.com/wire/save-a-life-and-protect-your-family-for-life-zanthion-launches-ai-digital-healthcare-smart-lifetime-bundle/

 

The Story of Zanthion – Startup Chapter 6 – Strategy and Going to Market

Startup Chapter 6 – Strategy and Going to Market

 

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Startup Chapter 6 – Strategy and Going to Market

July 15th, 2019

In the last couple of weeks, our sensor technology has solidified so that all our sensors connect 24 x 7 and allow us to perform aggregated analysis on their combined inputs.  I am personally excited about our water sensor that sits in the shower and our toilet sensor that is used to predict UTI infections. It is amazing to see our SMART Watch lasting 18 hours on a full battery charge pushing data at 50 messages a second through our analytics.  John Hagelgans is testing his design for spinning up a set of containers for our complete system for dev, test, and on-site prod. He has included in his design our backup strategy and ability to scale. Steven Rudenko has discovered a new algorithm that methodology ensuring our BLE connections connect much faster and endure under all circumstances.  Viktor Ponomarenko has implemented three sensors in the last two weeks rounding out our sensor set with smoke, gas, water and a new temperature and humidity sensor. Viktor has fixed more than 50 bugs in the last two weeks and continues to be one of the most productive and easy to work with programmers I have enjoyed working with for 35 years. Jeff has sourced our incredible no-hassle install and produced some of the most beautiful marketing material I have ever seen.  John Sebesta has implemented our products categories throughout our financial and inventory system and procured the best startup lawyers in the country to ensure we are squeaky clean going into sales and expansion. I am incredibly proud of our team and enjoy getting up every day and working with them.

As a team, we have met several times to define our target markets and our messages in each market.  Some of Jeff’s genius showed through when he branded our product line and discussed the markets and his experience as to what community owners were looking for.  I have included his rough draft of our new Aging In Place brochure with this blog.

We have given ourselves a release date of August 1st.  What that means to us is that we will start selling a polished product that easily exceeds the capabilities of any product in the market today.  The companies we are competing with were funded by technology VCs and are owned and operated by doctors, computer professionals and experienced hotel businessmen.   The funding levels start at $20 million dollars. We are bringing our product to market on the backs of 4 years of dedicated engineers and businessmen and possibly $600k in self-funded investment.  

At heart, to a man, Zanthion is conceived and created to change the value proposition of American business.  We are in business to provide unquestionable value and prove to ourselves that businesses can respect their customers, charge fair prices, respect their partners, and treat every man and woman working with us with kindness and fairness.  We believe in each other and America and believe that we can not only be a viable business but be the business that captures the heart and hopes of America. We are doing what we do, sacrifice money that our families could use, because Americans need this. We all need to see that doing the right thing, treating people fairly, and being dedicated can produce a giant success without the smoke and mirrors we have all been duped into believing is required.

[pdf-embedder url=”https://zanthion.com/wp-content/uploads/2019/07/SMART-Living-Aging-in-Place.pdf” title=”SMART Living – Aging in Place”]

Wish us luck in years to come.

SMART Room Box
SMART Room Box
SMART Watch
SMART Watch
Android Tablet Gateway
Android Tablet Gateway

The Story of Zanthion – Startup Chapter 5 – Accelerating to the Finish

Startup Chapter 5 – Accelerating to the Finish

 

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Startup Chapter 5 – Accelerating to the Finish

June 26th, 2019

 

Our last startup blog was on June 14th, 2019.  John Hagelgans had just joined our team as the CTO and we were stoked for how much he brought to the table.  We were not wrong. In the three weeks since he has joined John has spun up a few microservers on Amazon and is using them to run backup scripts for our database, and is currently working to create containers that we can use to spin up and down dev, test, prod, and customer on location systems.  

 

In our last post, we talked about the story of Team. Once you have “Team” it does not suddenly quit working.  “Team” keeps on giving throughout the lifetime of your company. In our case acquiring John Hagelgans positioned us to look for a CFO and with a great fortune, we were lucky enough to land John Sebesta who brings experience as a business manager and international negotiator in a Fortune 50 company as well as startup experience both as a co-founding team member and advisor.  Working in Guatemala for Alterna Impact, John worked with entrepreneurs to develop and grow their social businesses which included developing their financial strategies, curriculum and tools to help their businesses succeed as well as providing thought leadership. 

 

In his first two weeks, John contacted Michael Platt of Cooley LLC, the leading startup law firm in the United State recommended to us by Brad Feld.  Our goal with Cooley is to get our corporate ducks in a row and make sure that we are 100% ready for capital acquisition. That is not all that John has done.  He has in two short weeks benefitted to the Team bringing a new extremely intelligent disciplined financial perspective. With that perspective, he is simplifying our chart of accounts to maximize our capitalization of R&D spend and to allow us to understand our business at a glance.   

 

Today we have $ 25,904.14.   Two weeks ago we had $35,318 in our account.  We have spent that money on test inventory so that every person in our company is running our monitoring system 24 hours a day 7 days a week.  Since our last blog, we have extended the life of our incredible SMART Watches to 23 hours with full activity tracking, automatic fall detection, wandering notification, real-time heart rate monitoring every 5 minutes, auto-answer and GPS.  In this short two weeks, we have added smoke sensors, gas sensors, water sensors, a new wrist-worn activity sensor, enhanced the stability of new installations tremendously, and automated settings for how active people are, how soft their beds are, and what ours they expect to be awake and asleep.  

Since two weeks ago we have checked 8 new commits into our API bitbucket repository and updated our gateway android repository 6 times. 

 

In the last two weeks, we have a complete packaging system with the beginning of our kitting operation in DearSystems and a solid plan on automating the order, inventory, configuration, and installation process.  When our systems arrive at a doorstep there is no configuration required. All that is necessary is to pull the sensors out of the box and put them on the wall and wear the watch. From there on in Zanthion will carry the ball for you.

 

We are the BEST TEAM!

The Story of Zanthion – Startup Chapter 4 – Zanthion Team

Startup Chapter 4 – Zanthion Team

 

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Jeff, our COO, and I often have conversations centered around how running a company and participating in the competition of business is the same as our experience playing sports over the years.  4 out of 5 of our executive team are or were athletes that competed over an extended period of time.

There are a lot of reasons to play sports, but for most of us who do it seriously, we are adrenalin junkies who love the ebb and flow of the game.  You learn very quickly in team sports that the synergy of the team is everything. If you want to hold the court day in and day out, regardless of individual circumstances, who you play with and how you play together is the heart of the game.  

The story of Zanthion for the last three weeks is a story of the power of “team”.  Three weeks ago on May 25th Zanthion had $42,639.10 in our bank account. Today we have $ 35,318.56.   Stepan, we call him Steven, our director of software engineering, and I have invested over 4 ½ years in developing a comprehensive open architecture flexible extensible IoT platform for elderly care.  

Three months ago Jeff Robinson joined our team as the Chief Operating Officer with over 25 years in medical device and elderly care.  Every team needs a playmaker, the guy that dribbles into the opposition, forces a double team, and dishes to the open man. Jeff is our playmaker.  From day one his efforts took Steven and my engineering to a new level by sourcing read and broadcast sensors at a fifth of the price we were paying and 10x the battery life.  In a short 3 months, he found 12-hour full android watches that auto answered callers and worked seamlessly with our platform for fall and wandering protection at a price far below industry standards for a watch of the quality he found.

Three weeks ago our team consisted of me, Jeff Robinson, Stepan Rudenko our director of software engineering, and Viktor Ponomarenko our expert mobile application developer.  Steven and I had been struggling with the resource issue we had of paying for and supporting the most functional cost effective IoT elderly care system anywhere. When Jeff joined our team he immediately recognized the bottleneck and we set out to build out our technology team so that I could spend more time developing the business and procuring capital.  We placed a job in Indeed.com for a CTO and constructed a strategy for gaiting any potential candidates. We knew after a lot of pain and anguish that we needed a player we could count on being there during the good times and bad times and who was willing to invest in the company practicing before expecting a payout. We engineered a sophisticated gating mechanism for their CTO hire involving logic tests, measurement of their personal investment in elderly care, measuring their proactiveness, determining their willingness to provide value first, and last and most importantly, their integrity and capability.

Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you.  John exemplifies integrity and Zanthion is lucky to have gotten all three in a great leader.

Jeff and I filtered through 75 candidates in 7 weeks:

  • They took a logic test, only three out of 75 candidates got an expert rating
  • We asked them for the reason they were requesting to work with us, we wanted someone that cared about the state of the world and specifically elderly
  • We asked about technical skills, as a manager were they still coding daily
  • We asked what they expected in pay and were looking for someone that would show us what they could do before asking for money
  • Lastly, we checked into their integrity, did they say what they would do and do what they said

At the end of our 7 weeks of interviews, John Hagelgans sent in his resume after receiving an expert score on the logic test.  He had started and run startups, been programming for over 30 years, and had just exited a 65 million valuation startup as their CTO.  He was looking for something new. We loved him. He is an easy going, team player with a lot of “hit the ground running” experience. That was 3 weeks ago.  He immediately spun up some servers on Amazon and scripted backups for our databases. This last week he implemented Terraform so that we could spin up dev, test, prod and customer platforms at the push of a button.  John is awesome.

While John was spinning up Terraform and backups we were pumping out code to support broadcast sensors Jeff had sourced and a new amazing 4g Full Android Watch that Steven had increased the battery life on from 3 hours to 12.  The Zanthion Platform is 20 man years of work developed by 2 people with help on and off over time from others. It is extremely complex. We have been fast-breaking our competition for years. Every once in a while one of us trips and falls. Zanthion is competing against the biggest players in the industry; companies like Google, Amazon, SimpliSafe, and on and on.  For us to go to market with a far superior product we don’t get to take breaks or miss the fast break. We always have to perform at the top of our game. That is why it is so critical to have team players because we watch each other’s backs. We know when one of us has pushed their personal life too far or is stressed by whatever new challenge we are enduring. In those times, because we are very deep in experience, one or all of us rally, pick up the injured player and win the point.  

With the acquisition of John and our impending market introduction, our team needs to protect our investment before going to market by investing in a CFO who can align our stock offering, put our accounting in order, and develop a strategy for capital acquisition.  While I was visiting my sons in Colorado I ran into an old friend of the family and friends of my eldest son, John Sebesta. I’ve known John for over 14 years, played soccer with him, watched him graduate at the top of his class, heard of his engineering exploits, spoken to him about his experience working at Lockheed Martin negotiating contracts, and before this last meeting his soon to be exploits starting and running a business in South America.  John is one of those rare team player geniuses that always improves a team with his energy and intellect. We are in negotiations with him to become our CFO with hopes he will join us full time in a couple of months.

While all this was going on, we missed a few blocks, tripped a couple of times down the court and made some passing errors.  Specifically, our gateway has had 3 releases in the last 3 weeks. The last one broke the read sensors. It will be fixed by this afternoon.  I made a copy command for our complex event technology that deleted some key events in our test communities and this too will be fixed by the end of the day.  On the bright side we discovered that we will be able to install into the vast majority of home security company homes, that is 34 million homes, use their existing sensors, combine their output with our event technology and wearables and deliver unprecedented understanding of the occupants health and notify family, friends, medical staff, and emergency services of falls, health issues, wandering, and break-ins.

We are a TEAM!

The Story of Zanthion – Chapter 3 – Zanthion In The Future

Startup Chapter 3 – Zanthion In The Future

 

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Of course, we cannot predict the future.  What we can do is tell you how Zanthion is making a better future, and why.  Before that, it is very important to understand that we here at Zanthion believe that how you treat your old and your young are the key indicators of the quality of life in your society.  In our opinion, the quality of life in American society is dismal and reprehensible. It is not that people don’t work hard or have good intentions, it is that they have been misled by advertising, in all forms, to believe that what is important to them makes for a better world.  Just as the magicians selling snake oil did hundreds of years ago, governments and businesses have done today, distracting us all, while taking our money for entertainment. An illusionist and magician live and die on focusing your attention on the moment and making you ignore the process that is your claim to a better future.

The quality of our lives and the lives of those around us does not depend on entertaining ourselves but on how we treat ourselves and those around us.  We must arm for war but be generous of spirit. We must live in the here and now, but plan for the future. Most of all, we must show appreciation and thanks to those who have given, and those who will sustain, our old and our young.  Zanthion was formed to create a better future by integrating seniors back into our economy and our lives. We believe that seniors bring with them perspective, the quality that knocks the edges off short term thinking societies and polishes the gem of existence for a fruitful future.  This quality can be easily seen in any society that practices filial piety where age and wisdom are respected for what they are, the long term investment of themselves to better the future for all.

In western cultures, accomplishment and success are often equated with money and power.  This is the natural consequence of capitalism and is not necessarily a bad thing. It does come with unintended consequences.  Some of those consequences could not have been foreseen or even if they were foreseen were not avoided. In America, vast swaths of our country have zoning laws that isolate our seniors by placing stores and convenience a fair distance from where our seniors live.  As we age our eyesight diminishes and we eventually lose our ability to drive safely isolating us even with access to crowdsourced transportation services. There is an unintended consequence that comes with a lack of social meeting places and the increased level of difficulty in getting to public places.  The unintended consequences are lack of participation, lack of familiarity, loss of comfort, loneliness, and sometimes abject fear on the part of seniors.

With the advent of social policy changes in the 60s distribution of income from the young to the old shifted to the distribution of income from the young to the old and the troubled.  This realignment of income distribution in conjunction with two working adults per household, the father and the mother, left less money in the coffers for distribution to the old and isolated seniors through the lack of companionship that was available before World War II.  It is, in fact, the perfect storm because not only are seniors isolated, medical science has increased their longevity while diminishing their capabilities with fewer resources available to serve them. Without change, seniors will starve in their homes in the thousands in the years to come.

Of course, seniors will not die of starvation in their homes because companies like Zanthion will deliver just in time services to them.  We have a prioritized list of the current and future needs of seniors aging at home and in care facilities. Our list is all-inclusive taking into account demographic shifts in workers and seniors and includes the impact of science that is extending senior’s lives and augmenting senior capabilities.

Zanthion is an open architected platform as a service designed to measure, predict, and deliver the highest quality, lowest cost service to the people who deserve it the most, seniors. We source sensors of all kinds; motion sensors, light sensors, open sensors, temperature sensors, water sensors, gas sensors, smoke sensors, bed exit sensors, heart rate sensors, oxygen sensors, and a future of joint and protein sensors that determine a person’s internal and environmental health.  

We can provide data to support if a senior may have an infection, is lost or wandering, has cognitive issues, is sleeping well, is frustrated, is lonely, or needs help. We notify the people and services best suited to help resolve whatever needs seniors may have, whether it be family and friends, medical services, or community members willing to work for or assist in helping them with a shower or delivering groceries.

That is not the full extent of what we do. We have sophisticated analytics that look at communities as a whole and measure their performance against each other in terms of response times, arrival times and resolution times. Every answered or automated request can have a comprehensive assessment associated with the event that correlates conditions with the cause. We know the power of the human in the AI confirmation and use human brilliance to confirm and defy expectations.

Zanthion is the future!

 

The Story of Zanthion – Chapter 1 – Today

Startup Chapter 1 – Zanthion Today

 

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We have decided to chronicle our journey as a startup so that others can benefit from the lessons we have learned.  Our journey has been filled with joy and some disappointment. This is our story. Chapter 1 is about where we are today and why.

Today, Zanthion is poised for launch within the next 30 days to enter the senior quality of life predictive analytics market with healthcare predictive analytics having a CAGR of 29.3% and a total market value of 1.48 billion.  Zanthion’s main emphasis for the first year is to limit falls and sepsis through predictive analytics with a combined market value of 14.39 billion by 2025.

Our recent validation as a company has come in many forms the first of which was the acquisition of a new incredibly gifted COO (J), with 25 years experience in medical technology and senior care.  He inquired about the company 3 months ago and joined the next day. His input has congealed 4 ½ years of effort and the technical foundation into a machine ready for market.

Shortly after J joined, inquiries started coming in from companies seeking to pivot home alarm companies into senior citizen-oriented quality of life companies, staffing agencies for senior care facilities, and international companies asking for platforms to support their home health agency just in time delivery of service.  We even had television personalities calling us for a home shopping network.

Some of those calls were calls from people and companies seeking to leverage our hard work with what they believed was a differentiator in the marketplace.  One such company felt that we should allocate significant Zanthion stock and strike a partnership because they had established baseline measurements for the health signs that indicate frailty and [soon to be] falls.  Of course, that data is easily available through academic and industry research papers and a portion of your company does not need to be relinquished to acquire it. Furthermore, sensor-based and habit-based artificial intelligence is not reliant on a baseline.  Those same companies pitched us on their existing call center as a deal breaker. Those, too, are easily purchased and set up in our modern world.

An alarm company called us and asked us if we could provide support for their already existing pendant and home alarm sensors which used GPRS, phone technology, to handle all alarms.  We indicated that we could do that but it would require at least a half of work or 3 people 2 months at $125k. For that price he wanted us to provide our backbone provisioning, maintenance, analytics, and responder products for $1 a month per subscription and tried to negotiate the $125k down to $36k.  This kind of bartering is counterproductive for a small company.

Because we suddenly were exhibiting high demand for our platform J and I decided we needed to augment our 5 man team with a new CTO.  We placed a job posting on Indeed.com outlining our exact needs, our current ability to pay, and the company status. We received 63 applicants many from mainstream corporate America with prior CTO and business owner titles.  We asked CTO applicants to take the indeed Logic and Critical Thinking exam and received expert qualifications on 2 of 63 applicants. This was extremely disappointing as we expected a much better showing logically from CTO candidates.

These cases are examples of growing pains and the disappointments that are part of a growing company.  What we learned from them was how to quickly differentiate the real from the unreal. Being able to differentiate the real from the unreal, the opportunity from the misdirection, reasonable funding vs unreasonable funding, valid functions vs invalid functions, and on and on is what ends up being the most important part of what startup leaders to.  We avoid spinning our wheels as much as possible.

We are extremely confident in our products ability to provide value to a tremendous community of seniors and their families with watches that detect falls and notify others of wandering and a complete fixed BLE sensor line integrated with our wearable technology.  Today, we applied for loans for $250,000 in order to purchase inventory to package and sell into the marketplace. Every company worth their salt reaches the point where they need revenue to get loans and loans to get revenue. This is where most startups take venture capital.  They seek venture capital because they have been churning in the chicken and the egg scenario long enough where they are losing the market opportunity and they know that if they do not act they will lose their market. We are fortunate. Our market is considerable and there are still lenders who understand the value of our market and it’s potential.  When finance companies take the chance on companies like Zanthion they are leveraging a small loan into hundreds of millions of dollars of future financing. It is a smart move. Soon we will launch the most comprehensive senior quality of life product in the market today enhancing the quality of life for millions of families in the years to come.  We are thankful to everyone that has helped us make this happen.

Philip Regenie – Founder and CEO – May 20, 2019

https://www.zanthion.com/products/

 

Chapter 2 – coming May 27th

 

Senior Care Technologies Market Segmentation, Industry trends and Development to 2028

Senior Care Technologies Market Segmentation, Industry trends and Development to 2028


April 30, 2019   Senior Care technologies are increasing due to increase in the needs of geriatric population. With internet technology growing at its peak digital care is also increasing. Approximately 51 million citizens are 65 years older which would increase the senior care technologies market as the elders require more care. Expensive nurses and less nursing homes, nursing shortages are expected to increase the senior care technologies which would transform senior care technologies. New senior care technologies such as smart devices, softwares, remote monitoring of health conditions, voice-activation gadgets, alert systems are available in the market. Mobile manufacturers such as Apple have made apps for iPhone and iPad users which synchronizes with the health care websites and show the reports. Also these devices keep a track of a patient’s daily intake of medicines. The senior care technologies include medication systems which let the family members know about their aging parents medications and if they are on track or not. There are applications which are set by users so that they don’t forget to take the pills on time moreover after the intake of the pill the users have to upload the bottle of pill, the app interprets the label and adds it to its medication list. With rise in the senior care technologies Apps such as Med Minder are being developed has prerecorded messages of the family members and a digital beeping dispenser which provides elders medicines on time even if the family members are away.  Also government is putting efforts for senior care technologies market. With the increasing senior care technologies the caregivers, families and seniors will acquire advanced technology enabled services which will enhance the quality of their lives.

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Tentatively, senior care technologies Market has been segmented on the basis of product type, and end user.

On the basis of Product type, Senior Care technologies Market can be segmented as:

  • Softwares
  • Safety Devices
    • Bed and door alarms
    • Monitoring devices
  • Medication Management Devices

On the basis of end users, Senior Care technologies Market can be segmented as:

  • Hospitals
  • Clinics
  • Long Term Care Facilities
  • Home care centers

Demand for Senior Care technologies will increase as most of the seniors prefer to stay at their home. Also the advanced senior care technologies enable adults to use the technologies with their voice which further reduces their dependency on keyboard. However the drawback is that the industries are interested to invest on the young and large technology companies tend not to focus on senior care technologies market. Also the senior care technologies often are expensive for older adults.

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The senior care technologies are still growing and there are many challenges which the manufacturers have yet to overcome so that the senior care technologies market expands. In the future senior care technologies will be fully automated and connected with alarms, sensor monitoring and prompts which will record pulse, weight and glucose, heart rates.

Geographically, global Senior Care technologies Market is divided into regions viz. Latin America, North America, Western Europe, Middle East & Africa, Asia Pacific, and Eastern Europe. In terms of country US is expected to be the growing market with the advanced senior care technologies and patient care being the top most priority. Senior Care technologies Market is spreading because widespread acceptance and care provided by them, which would make positive impact on the patient’s health conditions. Also caretakers can connect to the website portal from any internet connected device which lets them know about any interruptions. Boost in the health care expenditure and government support are some of the additional factors which will effect over the forecast period for the Senior Care technologies market. Senior care technologies market is expected to provide gainful opportunities for the manufacturers in future.

Some of the major market players in the Global Senior Care technologies Market identified across the value chain include: AMC Health, BIOTRONIK, Bosch Healthcare Solutions, Care Innovations, LLC, Omron Healthcare, Inc, GrandCare Systems, Zanthion, TruSense, ANNIE. The Senior Care technologies Market report provides in-depth analysis of parent market trends, governing factors and macro-economic indicator and along with market attractiveness as per segments. Also the report is a compilation of qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report also outlines the qualitative impact of different market factors on market segments and geographies.

The report Senior Care technologies Market covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain 

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Argentina, Mexico, Brazil)
  • Europe (Germany, Italy, U.K, Spain, France, Russia, Poland)
  • Asia Pacific Excluding Japan (India, Australia & New Zealand, China, ASEAN)
  • Japan
  • Middle East and Africa (GCC, South Africa, Rest Of MEA)

Report Highlights: 

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size for Senior Care technologies Market in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on Senior Care technologies Market performance
  • Must-have information for market players to sustain and enhance their market footprint.