Aging 2.0 Sweden has released a new report providing an overview of the market for aging technology in Sweden, focusing on the needs of the senior population, caregivers, and informal carers.
Aging 2.0 Sweden is the Swedish branch of Aging 2.0, a global network that brings together various actors in AgeTech innovations, entrepreneurs, and investors. Its aim is to break down silos between stakeholders, connecting seniors, innovators, the public sector and academic institutions. Its ambition is to facilitate better flow between the stakeholders to enable them to collectively address the challenges and opportunities that come with rapidly changing demographics.
The new report provides an overview of the market for aging technology in Sweden, focusing on the needs of the senior population, caregivers, and informal carers. It analyses the market size and value, identifies key challenges and opportunities, and offers recommendations and success factors for investors and entrepreneurs interested in entering or growing their business in this area.
The aging population in Sweden is growing rapidly, creating a higher demand for innovative solutions to support the elderly and their caregivers. The primary concerns for care recipients are enhancing independence, improving quality of life, and ensuring safety and well-being. There is a need for tools that can assist caregivers and informal carers in providing effective and personalised care while also reducing their workload.
Compared to other countries, the market for aging technology in Sweden is relatively small, making it challenging to estimate its monetary value. The report makes assumptions about its market value and forecasts the growth rate based on the current market size. Entrepreneurs and investors face significant challenges due to care system regulations and privacy concerns.
Despite these challenges, there are promising opportunities in the market for technology enabled solutions focused on the elderly in Sweden. Technological advancements such as wearable devices and artificial intelligence present exciting possibilities. Building strong partnerships and fostering collaboration among various stakeholders can help investors and entrepreneurs position themselves in this rapidly expanding market.