One of the oldest problems in the healthcare industry is getting the elderly to remember to take their medications, and to take them on time. The numbers of people who will need help with that problem and other problems associated with aging is about to explode as the baby boomers grow old in years to come.

Smart entrepreneurs are already developing products to help address those needs. One company, Medsignals, has produced a communicating pillbox that uploads data daily by phone to a tracking chart that can be viewed by patient or other approved registered user. The pillbox has 4 means of alerting at pill time (including voice announcements of label instructions).

New types of color coded pill bottles, two-way video conferencing systems that allow healthcare providers and patients to see and talk to each other, and mind exercise programs are just a few of the other new products that have been introduced to help meet the needs of older men and women and their caregivers and healthcare professionals.

To profit in the future, look now for ways to adapt your products or services to meet the needs of the growing elderly population. Or, develop new products or services that will make life easier for the aging men and women, their caregivers and their healthcare providers.

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