AGETECH: FROM "MAYBE" TO "MUST" FOR MANAGING CHRONIC CONDITIONS.

The Economic Burden of Chronic Diseases in Aging Populations

Chronic diseases are a significant and profound economic issue for individuals, the healthcare system, and society as a whole. With the aging of populations worldwide, the prevalence of chronic diseases is increasing, accounting for 90% of all medical costs in the US and even greater worldwide. It amounts to $4.1 trillion in annual health care expenditures



The presence of multiple chronic conditions in the same individual has profound implications for healthcare costs and utilization. According to the CDC, six in ten adults have a chronic disease, and four in ten adults have two or more chronic diseases in the US. A Swiss study found that elderly patients with multiple chronic conditions had healthcare costs 5.5 times higher than those without multiple chronic conditions. Hence, even a small reduction in the prevalence of chronic diseases can result in significant cost savings and a genuine return on investment in a short time.

The Role of AgeTech in Managing Chronic Conditions

AgeTech refers to digital, IT, and mechanical technologies aimed at prolonging physical functionality and well-being in older adults and assisting their caregivers. With new technological capabilities and a more tech-savvy senior population, AgeTech is becoming a must for older adults, not just a maybe. The junction between general tech developments and a more tech-oriented senior population creates a unique opportunity to build an ecosystem around senior care facilities and, more importantly, save lives.



AgeTech has the potential to not only support older adults in their daily lives but also improve the management and handling of chronic diseases such as diabetes and co-morbidities commonly occurring in people over 50 years of age. By collecting data from wearable devices and nearables, such as smartwatches, smart scales, and blood pressure cuffs, digital health apps can provide personalized recommendations for managing chronic diseases and influencing modifiable risk factors. Medication adherence records and reminders can help older adults track their medications, schedule refills, and communicate with healthcare providers.

myAVOS — A Holistic AgeTech Solution for Managing Chronic Conditions


myAVOS is a holistic AgeTech solution that collects data from commercially available and widely spread wearable devices as a basis upon which to produce personalized recommendations for managing chronic diseases such as diabetes and co-morbidities commonly occurring in people above 50 years of age. By providing personalized reminders for medication adherence, exercise, nutrition, sleep, and other healthy habits, myAVOS helps individuals adopt a lifestyle that significantly increases their chances of avoiding chronic diseases. In addition, myAVOS provides curated information and educational materials to help individuals gain a better understanding of their health, achieve better health outcomes, and ultimately age well.

The bottom line

Chronic diseases have significant health and economic costs in the United States. Interventions to prevent and manage these diseases have significant health and economic benefits.

As the population continues to age, the prevalence of chronic diseases and associated healthcare costs will continue to increase. AgeTech provides a promising solution to mitigate these costs and improve the management of chronic conditions. With the rise of wearable technology and digital health apps, personalized recommendations and reminders can now be easily delivered to individuals, enabling them to manage their own health and ultimately age well. myAVOS is an excellent example of a holistic AgeTech solution that empowers individuals to make healthy choices and either stay healthy or achieve better health outcomes.

If you’re between the ages of 40 and 65, now is the perfect time to focus on prevention and take control of your health! By using a digital health coach app like myAVOS, you can get personalized coaching and guidance on how to live a healthy and fulfilling life. So what are you waiting for?

Download myAVOS from the AppStore today and start your journey to better health and well-being!

A short impression of the capabilities of myAVOS can be seen here on our youTube channel.

Credits: Meet Albrecht Tribukait PhD, MBA, a transformational leader with over 20 years of international experience at the intersection of science, policy, and regulation in Biotech and FMCG industries. With extensive expertise in national and supranational regulation of consumer and non-food products, Albrecht has published scientific and clinical research and established groundbreaking partnerships with NGOs and government research organizations. Holding a Ph.D. in Natural Sciences and an MBA from Anaheim University Akio Morita School of Business, Albrecht also holds postgraduate certificates from Oxford and Hull.

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