Tech Companies Positioned to Benefit from Rapid Growth of Senior-Focused AgeTech Market
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The "AgeTech" market refers to technology for senior citizens and is rapidly growing due to an aging population. Stocks set to benefit include Best Buy, Apple, Microsoft, Teladoc, and Abbott Labs.
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Best Buy offers tech support and emergency response services for seniors through its Best Buy Health division.
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Apple products like the Apple Watch and iPhone have emergency/health features useful for seniors.
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Microsoft offers accessibility options in its products and tools for mental health issues common in older adults.
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Teladoc provides telehealth services that allow seniors to conveniently access medical care from home.