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Research Outline
Prepared for Mary | Delivered January 2, 2020
Mobility and Cognition for Aging Population
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Goals
To understand the market size and key players of the mobility and cognition space for the aging population.
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Early Findings
Mobility
Our initial research indicates that a market size for technology that tracks or measures mobility, specifically gait and balance, for senior citizens is not available. This could be because this is an emerging technology with very few players in the market.
Key players are
APDM
,
Gait Up
, and
Kinesis
.
Cognitive
In 2018, the Cognitive Assessment and Training market was valued at
$3.42 billion
and is expected to grow at a CAGR of
32% through 2027
.
A
key driver
of market growth is an increasing older population, as well as an increasing prevalence of Alzheimer's.
Key players in the cognitive assessment and training market include
Brain Resource Ltd
,
Cognifit
,
Lumos Labs
, and
Posit Science Corp
.
Additional players in this market include
Neurotrack
and
LearningRX
.
Aging Population Growth
In 2030 the United States will reach an important demographic milestone. According to the U.S. Census Bureau, by 2030 there will be approximately
78 million people
over the age of 65 compared to 76.7 million under the age of 18.
According to United Nations population data, Europe has the oldest population in the world with
one and four
over the age of 60.
The elderly population in Asia is growing at an alarming rate and is expected to reach
1.3 billion
over the age of 60 by 2050.
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