The worldwide population of people aged 65 and over is expanding faster than any other age group, according to the United Nations. By 2030, one out of every six persons on the planet will be 60 years or older. The population aged 60 and beyond is projected to increase more than double from 1 billion in 2020 to 2.1 billion people in 2050.
Older people faced the most threats and challenges during the peak of the COVID-19 pandemic. Besides COVID-19, the elderly have had to cope with many other issues, such as difficulties getting medical treatment for chronic conditions during lockdowns and isolation. Another major problem is the severe shortage of carers, particularly for the elderly who want to remain in their homes rather than transfer into nursing facilities.
According to a recent Crunchbase research, venture capital companies have invested more than $2.5 billion into elder care and home health companies over the last five years. By the end of 2029, the Elder Care Services Market is expected to be worth over USD 2.1 billion, with a CAGR of over 6.3%t from 2020 to 2029.
There has been a rise in investor interest because the demographic shift is undeniable. However, I think what has really driven the shift in the past five to seven years has been investors’ interest in health care as a place to innovate.Abby Miller Levy, Primetime Partners Managing Partner for Home Health Care News.
The research has further shown that three-fourths of seniors want to stay in their homes as long as possible, increasing demand for at-home and remotely provided health care.
There are so many tailwinds coming out of this pandemic. One is that we as a country have discovered that a lot of things can be done at home, including health care.Helen Adeosun, founder and CEO CareAcademy for Crunchbase
Grayce is a navigation platform for families who have elderly or vulnerable members of their family. The company was founded in 2019 and is headquartered in San Francisco, California.
Grayce has raised a total of $3.4 million in funding over one Seed round. The startup has chosen to operate on the withgrayce.com domain name. There is no functioning website on the .com at this moment.
Founded in 2010 in Norway, Dignio provides Remote Care Methodology and an Open and Cloud-based SW platform that connects healthcare professionals and patients. Dignio has secured Dignio.com for its brand presence online. An exact brand match .com name like Dignio.com is the natural choice of most internet users, making their marketing most effective across all channels.
CareGuide owns and operates several platforms that connect families with care providers. The company was founded in 2013 in Canada and currently manages the following brands Sitter.com, Housekeeper.com, PetSitter.com, ElderCare.com, and HouseSitter.com.
Brands that are serious about their consistent and strong presence have domain strategies in place and may register multiple domain names for different reasons. CareGuide has also invested in CareGuide.com – an exact brand match .com name. This is the natural choice of most internet users and securing that domain for their business is a clear indication that CareGuide is here to stay.
Feebris is a UK-based health tech company that uses AI to monitor care home residents. Caregivers can use the platform to do health checks, and clinical teams conduct remote reviews in these healthcare settings. Feebris has raised a total of $1.4 million in funding over two rounds.
Feebris operates on Feebris.com – an exact brand match .com domain.
Korian provides nursing homes, post-acute care clinics, assisted living facilities, hospital care, and home-care services. The company can accommodate more than 71,500 residents and patients in Europe (France, Germany, Italy, and Belgium) and employs around 45,000 staff members.
Korian has a domain name exactly matching their brand name – Korian.com. The majority of successful global brands operate on similar names that communicate trust and authority.
112 out of 142 companies have chosen the .com extension for their online presence. Key findings show that .com domains are over 33% more memorable than URLs with other top-level domains. 4 companies operate on .ai extension. The .AI extension has certain popularity with tech startups as it is associated with the term Artificial Intelligence and offers more availability than .com.
83 startups operate on exact brand match domains, thus making the most out of their marketing across channels and avoiding security risks.
3 entries have used dash. Dashes are often included with two-word brand names or added words when the business has to compromise on their domain if the exact brand match name is taken/not within reach.
|aloecare.com||Aloe Care Health||yes|
|bestmobilityaids.com||Best Mobility Aids||yes|
|brightspringhealth.com||BrightSpring Health Services||no|
|brookdale.com||Brookdale Senior Living||yes|