“As the population ages, particularly in Japan, US and Europe, seniors are more and more dependent on people and nurses to help them,” said Ty Takayanagi, VP of Marketing at Triple W, which makes a monitoring and analysis device for incontinence. Yet, at the same time, there is a vast shortage of caregivers[1].
This makes the need to find technological solutions to rising healthcare costs all the more pronounced, and few countries are as focused on the task as Japan.Most people know that decades of improving life expectancy and falling birth rates have made Japan a global leader in aging societies. Far fewer people know this has unlocked a boom in local startups dedicated to finding products and services to cater to the shifting demographics.
While the immediate use is likely to be aimed at among sports teams, the application is far wider than that, says Taisuke Sawada, President and CEO of Teijin Frontier. While historically Japanese startups have sought to list on a Japanese exchange as an exit strategy and focused primarily on their home market for sales and funding, JETRO is pushing local startups to “scale rapidly and globally,” the spokesperson said. As a results, Japan may have as many as 20 unicorns by 2023. That is a “realistic objective,” according to JETRO.
Similar principles of monitoring and prevention, in addition to AI-driven analysis of physical data, are also being applied to baby poo. A new outfit called Bonyu Lab Co., set up just in October of 2018, plans to launch a service that will allow mothers to receive an assessment of their baby’s health just by uploading a photo of their baby’s diaper to the company’s app.
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