Remote monitoring and care coordination for elderly individuals
Develop a platform that enables remote monitoring and care coordination for elderly individuals, allowing them to safely age in place and reducing the burden on caregivers. The platform would include health monitoring devices, communication tools, and a network of professional caregivers. Market size: According to a report by Transparency Market Research, the global elderly care market is expected to reach $30 billion by 2025, with a compound annual growth rate of 6.3%.