Product offerings allowing the baby boomer generation to continue to live in their homes are expanding. Motion sensors can now respond to a wide range of medical conditions, lighting can be automated, showers can be made senior-friendly with zero-degree upgrades, and technology and appliances can be voice-activated. Such amenities allow seniors across the nation to enjoy high living standards and easy access to care in their own homes, according to the Baton Rouge Business Report.
As part of a larger aging-in-place movement that’s gaining traction nationwide, a wave of incoming related technologies are expected to fetch some $1 billion in investments this year from venture capital firms and other companies—roughly double the amount investors spent just three years ago. While these investment dollars might be slower to flow to Baton Rouge, La., senior residents, and the organizations and businesses serving them, are nonetheless anticipating side effects of this national movement to ripple throughout the Capital Region in the near future.
“It’s broader than just an Alexa for seniors,” says Matthew Rachleff, founder and ambassador of the Baton Rouge chapter of Aging 2.0, a San Francisco-based business connection and innovation organization for those working in aging and senior care. “The opportunity in the aging space is massive.”
Fueling the trend is a belief that seniors would prefer to remain at home near their families and friends than live among others their own age or older. They’re also living longer than their generational predecessors, moving into senior living facilities at older ages.
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