As the population ages and rates of dementia and conditions such as Alzheimer’s disease continue to rise, Esprit-ai says its sensors can take some of the burden off a health-care system that’s under growing strain.
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Greying population
The eight-person venture sold its first sensors in 2020 and has doubled its revenues every year. Holliday, the firm’s chief marketing officer, says he expects demand for the products to keep ramping up as Canada’s greying population requires more around-the-clock care. According to data from the 2021 census, people aged 85 and over are among the country’s fastest-growing demographics. Statistics Canada predicts that, over the next 25 years, the number of Canadians in that age category could triple to nearly 2.5 million. As the population ages and rates of dementia and conditions such as Alzheimer’s disease continue to rise, Holliday says smart devices like Esprit-ai’s sensors can take some of the burden off a health-care system that’s under growing strain.![Esprit-ai founder with parents](https://assets.obj.ca/2023/06/Esprit-ai-founder-with-parents-300x169.jpg)