Curated News
By: NewsRamp Editorial Staff
September 24, 2024

LogicMark's Innovations Address the Needs of an Aging America

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Source News Release

TLDR

  • Investing in LogicMark positions individuals to capitalize on the growing senior medical alerts/PERS market, projected to reach $17.26 billion by 2028.
  • LogicMark has developed personal emergency response systems (PERS), health communications devices, and IoT technologies to address the challenges faced by senior citizens living independently.
  • LogicMark's suite of solutions aims to reverse the troubling trend of death from accidental falls among the aging population, offering lifelines in times of distress and promoting independent living for seniors.
  • More than 10,000 Baby Boomers reach the age of 65 every day in America, leading to a shift towards independent living and a growing need for personal safety solutions.

Impact - Why it Matters

This news matters because it highlights how LogicMark's advanced personal safety products are helping to address the challenges faced by an aging population in America. As more seniors choose independent living over nursing homes, the company's technology has the potential to prevent accidental falls, a leading cause of injury and death for this demographic. With the senior medical alerts/PERS market set to reach $17.26 billion by 2028, LogicMark is strategically positioned to make a significant impact on the safety and well-being of seniors.

Summary

LogicMark, a leader in personal safety products, is addressing the needs of an aging America, where more than 10,000 Baby Boomers turn 65 each day. With a shift toward independent living and away from nursing homes, the company is offering personal emergency response systems and other advanced solutions to protect seniors. This comes at a time when falling is the leading cause of injury and death for senior citizens, and LogicMark's suite of products aims to reverse this dangerous trend. The company's business evolution, driven by CEO Chia-Lin Simmons, has positioned it to capitalize on the projected $17.26 billion market opportunity in the senior medical alerts/PERS market by 2028.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, LogicMark's Innovations Address the Needs of an Aging America

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