Fall detection tech a focus for investors

EchoCare raising funds to target acute fall detection and other emergencies with privacy-sensitive, radar-based system.
In the US-alone, for nonfatal falls, Medicare paid approximately $28.9 billion, Medicaid $8.7 billion and private and other payers $12.0 billion. Back in 2015, overall medical spending for fatal falls was estimated to be $754 million [1].

As our advisory board member Lorraine Morley told us when we reviewed AgeTech investment: “Areas which are not currently receiving enough investment include products for falls prevention, sense assist, eating and drinking, education and learning, personal hygiene, and personal finance. Well-designed products in these areas could find a ready market.”

Longevity.Technology: Falls are a significant problem in the elderly population, and are the leading cause of fatal injury among older adults in the US. With a unique approach to fall detection, and other in-home emergencies, EchoCare is addressing the issue with a solution that it claims is sensitive to the privacy concerns of older people.

Israeli agetech start-up EchoCare Technologies has developed a new way of detecting falls in the older population – one that doesn’t require wearable tech or privacy-invading cameras in the home.

The company’s flagship product is the Elderly Care Home Observer (ECHO), which uses low-power radar technology to detect various emergencies, such as falls and respiration distress, as well as potential health deterioration. The system uses AI to analyse data based on a users, location, posture, motion and respiration to determine whether an alert is necessary.

Fall detection tech a focus for investors