Age in Place Technologies is developing a patent-pending wearable safety solution
designed to help reduce fall risk and support adults aging in place.
Problem & Market Need
Falls are the leading cause of injury for adults ages 65 years and older. Older adult falls are common, costly, and preventable. (CDC)
Cost of Older Adult Falls
Each year, about $50 billion is spent on medical costs related to non-fatal fall injuries and $754 million related to fatal falls.
Each year, about $50 billion is spent on medical costs related to non-fatal fall injuries and $754 million related to fatal falls.
Non-fatal falls: $29B Medicare, $12B private/out-of-pocket, $9B Medicaid.
(CDC)