- In September 2023, Google revealed plans for a new entry into the elderly monitors market – a wearable device designed to monitor health in the elderly. Anticipated features include medication reminders, vital signs monitoring, and fall detection. While still in development, this innovation aligns with the industry's continuous efforts to enhance elderly care through advanced and comprehensive monitoring solutions
- In August 2022, Samsung Electronics Co Ltd entered the elderly monitors market with the Galaxy Watch4, mirroring Apple's fall detection advancements. Boasting diverse health monitoring functions, including blood oxygen, ECG, and heart rate monitoring, the Galaxy Watch4 is poised for competition with Apple's latest smartwatch, reflecting the industry's continuous focus on innovative and comprehensive elderly monitoring solutions
- In October 2021, GENERAL ELECTRIC partnered with Verizon Business to establish a cross-country testbed utilizing Verizon's 5G ultra-wideband. This collaboration enhanced GENERAL ELECTRIC's product portfolio by incorporating cutting-edge technology. The utilization of 5G technology enabled the company to innovate and deliver advanced solutions, contributing to the evolution of its offerings
- In June 2021, Koninklijke Philips N.V. collaborated with Dutch development bank FMO to enhance access to quality primary care in Africa. This strategic partnership increased healthcare spending in the region and facilitated Philips' business expansion, enabling the company to contribute to improved healthcare infrastructure and services in African communities
- In September 2021, Apple Inc. launched the Apple Watch Series 6 with an autonomous fall detection feature, indicative of advancements in the elderly monitors market. The device's sophisticated health monitoring and real-time tracking have boosted its appeal. This aligns with the growing demand for innovative solutions, reflecting a broader trend in the elderly monitoring sector
