Since the wearable products are on the market, the market has been questioning constantly and the product homogenization phenomenon is serious. In wearable devices for the elderly, this group, which has always been considered conservative, stubborn, backward, and neglected by technology products, is in fact the blue ocean of medical health wear products. In foreign countries, wearable products for the elderly have also begun the road of product transformation and upgrading. From simple data collection and early warning to combination with artificial intelligence deep learning, it cooperates with medical institutions to diagnose early diseases; from early warning function to practical protection function, product performance is outstanding, and product design is also lighter, old user experience Better.

The strong demand for the elderly to use technology for health management is not being addressed

Speaking of wearable products, the three companies with the highest shipments on the market, Xiaomi, Apple, and Fitbit. Products that come to mind may be sports bracelets and smart watches. These products for young people, market research found that half of the users think that there is no practical use, Xiaomi can rely on the low price advantage. Instead, older people who are seen as technical isolates are seen as technical isolates. The core technology of wearable products has been rising steadily, and the products have shown a trend of diversification and market segmentation.

From the market capacity, by 2050, the number of elderly people will account for 28% of the world's population. According to the United Nations, in the next 10 years, the population of the country over 65 years old will grow at a rate of 2% per year. Similarly, China's working-age population will also shrink by 2%, while the retirement population at the same time will surge by 50%.

Unlike stereotypes, older groups reject technology and hate new things. Data from AAPR show that older people are interested in using technology products for health management. And more than 75% of respondents believe that using technology products to improve health is effective. However, currently 50% of wearable device products are located between the ages of 18-34. Accenture Consulting's survey shows that the primary reason most older people go online is to find the health information they need to meet their needs. They also want to understand the relevant medical technology, but less than one-third of the medical operators provide such services.

In the self-health management of the elderly, the market is far from saturated. The already flooded data logging products do not meet user needs. Arterial Network found that in the past year, a number of wearable device companies have made efforts abroad, and launched a variety of products with excellent functions, strong interactive capabilities and cloud computing capabilities. Break through the development bottleneck of wearable devices and achieve product upgrades.

Wearable devices go beyond monitoring to functional protection

According to a survey from the Penguin Think Tank, 51.1% of respondents believe that the smart bracelet has no practical use and that it has not changed much in life. In addition to product homogenization, the lack of functionality of wearable devices is also one of the current bottlenecks. Wearable devices can only tell you what you have done, to real-time monitoring, and now you can actually change the status quo. The functional value of wearable products is further clarified. The more prominent and clear the wearable product features, the greater the user's stickiness. Almost the same function means that it is highly substitutable. Recently, several elderly wearable devices have performed well.

Active Protective

Established: 2006

Business Location: Manhattan

Financing situation: seed round financing of 5.6 million US dollars

Main function: intelligent belt with built-in airbag, detecting the fall protection device for the elderly

Active Protective, a smart belt with airbags, can reduce the fall of the elderly. Ac-tive Protective products include airbags, air-conditioners and sensors that detect when the wearer falls and triggers the system. When Active Protective detects that the wearer is about to fall, the airbag will be ejected at the hip to reduce wearer damage. It can alert caregivers and family wearers through WiFi and other potential interventions. The smart belt has been proven to reduce impact by 90% and provide unprecedented hip hip protection.

The advantage of Active Protection is that the actual application function is developed. It is not a record of the useless data of the surface, but the value of the wearable device.

The smart belt also features a disambiguation device that uses a 3D sensing device to identify hip movements in the normal range of motion. Allow a certain degree of deviation, and may protect against more than 15% of falls. According to the official website, the product will also be used in high-risk occupations such as military, extreme sports and athletes.

Falling is often fatal to older people. Reports from WHO show that more than 300,000 people die each year from falling worldwide, with more than half of them over 60.

It’s the direct contact with such an amazing situation, the founder of Active Protective, Robert F. Buckman Bo developed this smart belt product. He is a trauma professor at Temple University and is responsible for the busiest trauma center in Pennsylvania. While at the St. Mary's Hospital in Langhorne, he realized the age distribution in his patients and the persistence of the type of injury. It is from this that he saw a huge and solvable medical crisis facing the world's emergency centers - the weak, independent old man fell and twisted his hips. Most people can't recover from it.

Steadiwear

Established: August 2015

Location: Toronto, Canada

Financing situation: seed round financing of 5.6 million US dollars

Main function: Anti-shake gloves allow the wearer to stop hand vibrating

Steadiwear anti-shake gloves. The product is based on a combination of nanotechnology and engineering. Similar to building anti-shock technology. Designed battery-free anti-shake gloves. At present, the application effect is remarkable, and the diseased artist can draw a straight line, and people can pick up the drink smoothly. Founder Mark Elias saw that his grandmother couldn't suppress the hand shake. Mark Elias, an engineer, learned that the way to treat this type of primary tremor was to inject botulinum with side effects or invasive surgery. So he designed the Steadiwear anti-shake gloves. The glove can be worn all the time because no battery is needed.

Seismic

Established: April 2016

Business Location: California

Financing situation: the first round of financing of $10.2 million

Main function: tights that provide power support for walking muscles

Seismic is a set of tights that support the elderly for a longer period of time. There is a tiny motor on the exoskeleton that provides power support to the muscles as the wearer moves. The first version was released in the fall of 2017. The first round of financing received $1.02 million in financing. SuffFLeX has hired experts from textile, industrial design, robotics, biomechanics and data science to develop new power garments. Let everyone with physical disabilities, whether elderly or athletes, use dynamic clothing to assist muscles and joints to reach their body's greatest potential. The technology was originally funded by the Social Resources Institute (SRI) to reduce military damage and endurance. After realizing its far-reaching influence beyond the military, SuffFLeX was drawn from SRI to explore its commercialization. They start with the aging market because they think the old market is huge and demand is strong.

Spring Loaded Technology

Established: September 2012

Business Location: New Zealand

Financing situation: two rounds of financing of 2.5 million US dollars

Main features: bionic knee brace to relieve knee joint pain

Spring Loaded Technology is the world's first bionic knee brace that provides support under the legs. It stores energy when you're fully legs and assists when you straighten your legs. Can increase the flexibility of the wearer. Their carbon fiber leg supports can lift up to 40 pounds and can be used to help with sports injuries and joint aging. Independently researching the surface, the suspended three-chamber unloading system reduces knee load by 64%. He can hide under the clothes, which can reduce the psychological burden on the user. The company raised $2.4 million to launch the product. Unlike other products on the market, bionic hinges provide cushioning assistance when knee flexion and muscle help, increasing strength and joint compression.

The important reason why these products specializing in specific parts can break through the bottleneck of wearable products lies in the grounding and commercialization of scientific research technology. The founder of the airbag is a professor at Temple University, from the trauma center. The founders of the same anti-shake gloves also joined the famous impact center of the University of Toronto. Science and technology such as bionics and biology from the front line can increase the core value of products and bring wearable products to a new stage of practical use.

Of course, the traditional monitoring products still have a lot of room for improvement. In traditional monitoring, a big problem facing wearable devices is the inaccuracy of data, and the effect cannot be guaranteed in monitoring and early warning. Cannot be used as medical data. There are gaps in the accuracy of each product in the measurement. There are also companies that do their best from the traditional monitoring of wearable devices. Jump out of the limitations of wearable devices and return to the essence of collecting information. At the same time, as a lightweight wearable product, monitoring products can also be the entrance to the health management platform.

Change the thinking of product ideas, monitor data accuracy and practicality

A major pain point for wearable devices is the validity and reliability of the data collected. It needs to be combined with in-hospital data. In the past, a large amount of sleep data and exercise data in wearable devices, for doctors' treatment, there is no way to take such massive data, and most of them are useless. First, the reliability of these data is not high enough to be counted as real medical data. Second, the data is often one-sided and cannot be used for supplementary medical treatment.

At the Connected Health Conference last year, Richard Milani, chief clinical transition officer at the Oxsner Health System, said: "The solution for wearable devices that wants to be retained by users must be very simple and effortless. The essence of medical aids is information, which does not necessarily need to be achieved through wearable devices." Kardian guarantees timeliness and precision in information accuracy. It does not stick to wearable devices, but pursues the essence of information.

Kardian

Established: 2006

Business Location: Minnesota

Financing situation: three rounds of financing of $18.9 million

Main function: Using wireless pulse technology to detect the fall of the elderly.

Kardian looks like a fire alarm, but his wireless system uses pulsed radio UWB radar technology to scan a room a million times a second. The system scans for slips and falls, and when a person sits up, this can also alert the hospital staff that the patient is about to get up. The R&D staff has equipped the system with an emergency response system that can alert children or caregivers that someone has fallen. At present, the product can only be used in hospitals and old-age physiotherapy institutions, but the developers also said that they will be put into the home in the future. Kardian claims that 99% of the correct rate is detected by detecting the system.

In addition to detecting falls, the product is also capable of detecting heart rate, respiratory rate and sleep apnea. At present, Kardian's monitoring system can only be applied to hospitals and nursing institutions, but the company also said that the system can eventually be put into the home.

CarePredict's LifeWell Senior Living System

Established: May 2013

Business Location: Florida

Financing situation: five rounds of financing of $10.2 million

Main function: cooperate with nursing organizations to install wearable devices, and then manage health through AI

LifeWell Senior Living System from CarePredict. It is a product that combines old-age wearable equipment with AI deep learning to develop substantive functions. LifeWell Senior Living System is a CarePredict partner with LifeWell Senior Living Aged Care to deploy CarePredict's latest monitoring system in a new nursing center in New Mexico. The system tracks user behavior and alerts potential caregivers to potential hazards.

Care Predict is a Florida-based company that sells an advanced health monitoring platform consisting of networked wearables and data-driven pre-diagnostics. The Life Well Senior Living System is one of three devices that monitor the user's vital signs data deployed by the company.

Founder Movva introduced: Traditional diagnosis requires a doctor to observe the patient's symptoms on the spot. Care Predict's system combines monitored behavioral data with an artificial intelligence deep learning system to analyze the data. The artificial intelligence of the system acts as the doctor's eye. It can be used for health management and disease prediction. They are currently using deep learning techniques to detect conditions such as depression.

Traditional data monitoring becomes the entrance to the health management platform, providing panoramic data

The traditional homogenization phenomenon is serious. The wearable bracelet monitoring data products not only has simple data presentation and real-time monitoring, but also has a new development direction. Today's wearable devices use artificial intelligence to automatically filter data, help doctors screen out valid data, and integrate patient data with the hospital for health management. In-hospital data and out-of-hospital data form a closed-loop service that provides better services to both patients and physicians.

K4Connect

Established: October 2013

Location: North Carolina

Financing situation: two rounds of financing of 9.9 million US dollars

Main function: IoT community for elderly health management

K4Connect has launched a deep-seated collaboration with Garmin to launch a wearable watch for the elderly. The watch can monitor the recorded heart rate to track sleep. Garmin equipment data can be seamlessly linked to the K4 community, and caregivers can get real-time analysis of data and trends on the platform. In the past, wearables only told us what happened, and now he can not only monitor in real time, but also predict what will happen in the future. K4Connect is based on the IoT community and can integrate fragmented body data. In the past, only one field of data was only a corner of the puzzle for doctors, and the utilization was not high.

K4 is the leading company in the current elderly technology products. Located in North Carolina, it provides an Internet of Things platform for the elderly and disabled. It works with medical institutions and products are also sold to individuals. It has received $10 million in financing, including Intel Capital, Sierra Ventures, Stonehenge Growth Equity, Lowe's Venture, Traverse Ventures Partners, and RGAx. The founder of K4 has a perfect resume, his previous company was acquired by Apple and became the basis of Apple's TouchID technology.

Through the product direction of the head market enterprises in the elderly market, it is not difficult to find that the wearable devices start to go deeper than the counting and monitoring equipment in the initial stage. Data collection such as higher heart rate and atrial fibrillation related to health management is not only collected at the beginning of data monitoring.

In the application of data, it is no longer the accumulation of massive data, and the data is not independent data. It is the contextualized data of the system.

Both CarePredict and K4connect work with hospitals and care organizations. Compared with the same individual, data monitoring products can not only share resources with medical institutions in data sharing and analysis, but also open a closed loop of services to more efficiently and accurately utilize user data. User fragmented behavioral data is integrated and medical institutions are better able to assess medical outcomes.

Old-age wearable devices have broken through many limitations, both in terms of service and technology. Improve monitoring accuracy, form ecological-level contextualized data utilization and achieve powerful functionality, integrating in-hospital data and out-of-hospital data. They represent the direction of wearable devices. Of course, the old wearable data still faces challenges. For example, in the payment system, although some wearable devices can replace surgery, the patient's medical insurance is often not included, and the hospital budget is often limited.

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