Addressing industry thematics of cloud-based computing and technology disruption and the rapid aging of Western populations, Careteq (ASX:CTQ ) has released FY23 results that demonstrate it is penetrating these addressable markets and is moving closer to creating a sustainable business. Its suite of leading cloud-based assistive living technology solutions, encompassing intelligent sensors and devices, materially
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Like most developed countries, Australia’s population is ageing. While senior citizens are known to not exactly be technophiles, a research by the Pew Research Center shows that this group is more digitally connected than ever. In Australia, 87% of seniors now find digital services helpful compared to 71% in 2018, influenced by the pandemic where they
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As of 2020, the older generations made up over 16% of the Australian population, with this number set to grow to over 20% in the coming years. Increased life expectancy and low fertility rates have given older people an edge and greater pull in the market, making them an attractive bet for companies like healthtech
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Caring comes naturally to us, but with an ageing population, caring can be taxing. The Australian Bureau of Statistics reported that as of 2021, people aged 65 and over outnumbered those under 15. Lower fertility rates and increased life expectancy have been primary drivers of this trend. Whilst it is fantastic to know that, statistically
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