Page 93 - OHKF_Gerontech_report_en

“Don’t know”
Gaps Significantly Slightly No change Slightly Significantly or Final score
worsened worsened improved improved “no opinion”
(5) Gerontech market
15 Hong Kong’s small gerontech market
1 6 24 8 1 0
size limits the profit potential of the local 0.05
(2.5%) (15%) (60%) (20%) (2.5%) (0%)
gerontech industry.
16 Gerontech products lack variety and are not
customised to user needs. For example,
0 (10%) (37.5%) (42.5%) (5%) (5%) 0.45
2
4
15
17
2
whereas there are a wide variety of baby
Producer carriages, wheelchair users are only offered
(0%)
two options, i.e., mechanical or electronic.
17 Gerontech companies face a host of risks
when renting products. For example, when
companies reclaim products from low-income 1 3 16 15 1 4
elders who cannot keep up with rental costs, (2.5%) (7.9%) (36.8%) (37.5%) (2.5%) (10%) 0.33
they run the risk of negative press coverage.
This in turn reduces investors’ willingness to
fund the rental market.
18 The price of gerontech products in Hong 2 5 14 17 0 2 0.21
Kong is too expensive. (5%) (12.5%) (35%) (42.5%) (0%) (5%)

The application process of gerontech
19 subsidies is complex and time-consuming.
Consumer Thus, residential care homes are likely (0%) (17.5%) (30%) (27.5%) (10%) (15%) 0.35
12
4
11
6
0
7
to opt for hiring more staff instead of
buying gerontech.
20 Elders have a preference for products they
are familiar with. Their unfamiliarity with 1 4 13 16 4 2 0.47
gerotechnology and their fear of being (2.5%) (10%) (32.5%) (40%) (10%) (5%)
deceived deter them from using gerontech.

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