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Industry Landscape
The elder care technology industry is experiencing rapid growth, driven by an aging global population and increasing demand for in-home and preventative care solutions. AI, IoT, and remote monitoring are transforming care delivery, enhancing efficiency for providers, and improving resident outcomes. Investment is high, focusing on non-invasive, data-driven technologies that integrate into existing care models.
Total Assets Under Management (AUM)
Senior Living Market Size in United States
~Approximately $400 billion
(5-7% CAGR)
- Driven by increasing demand for assisted living and memory care.
- Focus on technology integration for operational efficiency.
- Growing investment in modernizing facilities.
Total Addressable Market
580 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Predictive AI Analytics
Beyond real-time monitoring, AI is evolving to predict health deteriorations and risks (e.g., fall likelihood, infection onset) based on historical data patterns, enabling proactive intervention.
Advanced Biometric Sensors
Integration of non-invasive sensors into everyday objects (like toilet seats, beds, or flooring) for continuous monitoring of vital signs (heart rate, respiration), sleep patterns, and gait analysis.
Seamless IoT Ecosystems
Development of interconnected smart devices that communicate and share data to create a comprehensive health overview, moving beyond standalone solutions to integrated care platforms.
Impactful Policy Frameworks
CMS Interoperability and Patient Access Rule (2020)
This rule mandates that healthcare providers and payers make patient data easily accessible via secure APIs, promoting data exchange and interoperability across the healthcare system.
This policy will enable Toi Labs to more seamlessly integrate TrueLoo® data with Electronic Health Records (EHR) and other care management systems used by senior living facilities, enhancing data flow and actionable insights.
American Rescue Plan Act (ARPA) Home and Community-Based Services (HCBS) Funding (2021)
ARPA provided significant additional federal funding to states for Medicaid HCBS, aimed at strengthening and expanding access to care in home and community settings for seniors and people with disabilities.
Increased funding for HCBS could drive greater adoption of in-home monitoring technologies like TrueLoo® as states and providers look for innovative ways to enhance care quality and efficiency outside of institutional settings.
State-level Data Privacy Regulations (e.g., California Consumer Privacy Act - CCPA and CPRA)
Various states are implementing or strengthening data privacy laws, granting consumers more control over their personal data and requiring businesses to be transparent about data collection and usage.
Toi Labs must ensure robust compliance with evolving state-level data privacy regulations, particularly concerning the collection and handling of sensitive health data, to maintain trust and avoid legal penalties.
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