The Market

The Market

The Industry

One's residence is expected to include the provision of basic human needs such as food, clothing and shelter. At the end of life, independence, autonomy, and safety are especially relevant. Elders strive to maintain their independence and autonomy in a safe living environment. Only the use of autonomous equipment will enable inexpensive achievement of safe living environments.

To reduce the burden on the cost of Health, which is growing exponentially, the trend is to deliver care at home, which is estimated to be 10,000 times less costly than hospitalization.
The current technology has been classified at three levels: the panic button; the wristwatch type PERS; and the integrated solution. Panic buttons are not used frequently by the elderly, who forget where they left them. Sometimes they are too far away to be reached. The pervasive devises, like the wristwatch are always physically close, but can't help if the tenant has lost consciousness. They may also have been removed. The third level is independent of the tenant's activity. The current technology does not provide activity recognition for a complete ADL recognition. It mainly responds to lifesaving catastrophic events and does not provide early detection of Frail Elderly Situations
According to  a Pew Research Center Report dated May 17th 2017, states that in USA the technology adoption climbs among older adults.  According to  U.S. Census Bureau’s “Facts for Features” blog post “Older Americans Month: May 2016, a record 46 million seniors live in the United States today, and older Americans – those age 65 and older – now account for 15% of the overall U.S. population. By 2050, 22% of Americans will be 65 and older.

Some more facts about older American adults in US:

2033 is the year in which, for the first time, the population 65 and older would outnumber people younger than 18 in the U.S.
$36,895 is the 2014 median income of households with householders 65 and older.
10% The percent of people 65 and older who were in poverty in 2014
$170,516  The median net worth for householders age 65 and older in 2011.


Aging in Place
   
 There are several residential options for elderly people, depending on their health situation and relative independence in performing basic activities. Those who are relatively independent will continue to live on their own. Approximately 90 percent of adults aged 65 and older reside in private households. These elders may use part time facilities like Community Centers, Activity Centers or other Assistive services to help them with daily activities. The rest reside in Nursing Homes, Senior Housing, Senior Communities, Retirement Communities, Home Care Facilities or other similar solutions.
    Smart home systems allow older adults to live in the environment of their choice and protect them against institutionalization or placement in a nursing home. It gives the elderly person a feeling of reassurance and safety, and appears to be one of the most promising approaches to facilitate independent living in a community-dwelling situation. Telecare solutions give a new opportunity for diagnosis, treatment, education, and rehabilitation, and make it possible to monitor patients with a number of chronic diseases.

Our Mission: To become the world leaders in the area of improving the remote monitoring tool, necessary to identify in time those who most need professional caregivers attention for extending their period of independent life. 

The Value Proposition

    PerlisCare™ the monitoring solution of Perlis improves aging well at Place for elderly, release close family and friends’ stress and reduces the cost of care of Governments and HMOs to enable them fulfill their basic commitment at all. Health care budgets are built from the current payments of the young, who are working. The relative growth of elder population means decrease in the relative numbers of those who pay insurance fees.



 Key facts
  • Between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%.
  • By 2020, the number of people aged 60 years and older will outnumber children younger than 5 years.
  • All countries face major challenges to ensure that their health and social systems are ready to make the most of this demographic shift.
  • The total number of elder adults in 2017 is estimated to be 900 million individuals and grows exponentially. The expectation is that this number will reach 2 Billion by 2050.
Source: World Population Ageing report 2015 UN

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