TheGerontechnologist.com named SilVR Adventures a global industry leader in their 2021 Age Tech Market Map. The map breaks down the market into various sections including Independence, Cognitive Care and End of Life Planning. And SilVR Adventures is right at home in the Senior Living category.
The team at thegerontechnologist update the market map every year. And it gives care providers, investors and care recipients an overview of the leading technology companies in each space. It’s even more special that they recognised us. Because the Age Tech Market Map only features companies that demonstrate a commitment to driving innovation throughout the industry. So we’re definitely excited.
We’re also delighted that we’re counted 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 so many people reached old age. Simultaneously, there is 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.
We’re exceptionally proud of our contribution to improving the quality of seniors’ lives. And it’s fantastic that the market map recognised that work. Furthermore seeing our work placed alongside other fantastic companies is great motivation to keep working hard!
Lastly, a big thanks again to thegerontechnologist.com, you can download the full 2021 age tech market map here.