SilVR Adventures has been named as a global industry leader by TheGerontechnologist.com. In their 2021 age tech market map which breaks down the market into multiple segments including Independence, Cognitive Care and End of Life Planning, and SilVR Adventures was highlighted as a leader in the Senior Living category.
The market map is updated every year. And it seeks to give care providers, investors and care recipients an overview of the leading technology companies in each space. One prerequisite for inclusion in the market map is to drive innovation throughout the sector, which is why we’re proud to be included.
We’re also delighted to be recognised alongside international companies like MotiTech from Norway and Connect Care Hero from the USA. And the inclusion Australian based companies like SilVR Adventures shows great promise for our growing age tech industry.
Why Do We Need Age Tech?
Our world is going through an unprecedented demographic shift. Never in human history have we had so many people reach old age. Simultaneously, there has been a steady decline in birth rates, which means that in some countries older adults are expected to outnumber children under the age of 18 in a few years.
Today, there are ~1 billion people over the age of 60 living on this planet, many of them are healthy and active and have discretionary income. Since the population over the age of 60 is growing faster than any other age group, by 2050, 20% of the world’s population (~2 billion people) will be over the age of 60.