Virtual home assistants and portable diagnostic devices will help provide better elder care and in turn control medical costs.
In 2000, about 10% of the world’s population were age 60 or over. By 2015 that had risen to 12%. United Nations projections indicate that will have increased to 16% by 2030, and jumped to 22% by 2050. The percentages may not seem alarming, but to put this into perspective, let’s look at the following: by 2025, the world’s population is set to be 8 billion, of which approximately 15%, or 1.2 billion, will be elderly.