By M. Marin
OTC: LGMK
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Believe Survey Supports Positive Outlook for LGMK’s Growing Portfolio
LogicMark, Inc. (OTC: LGMK), which provides personal safety and emergency response systems (PERS), health communications devices, and technology for the care and safety economy, recently commissioned a national survey[1] to better understand the current state of the U.S. caregiver landscape. Key findings include that 90% of current family caregivers show some level of burnout, and a majority would use or at least try AI technology to see if it could help them monitor and care for aging loved ones. Specifically, almost 80% of caregivers say they would embrace AI-powered health monitoring, despite general thinking that technology is not welcome in caregiving.
With nearly 25% of American adults (63 million people) acting as family caregivers, there is a high, if not fully quantifiable, emotional, financial, and professional toll on the nation’s caregivers. Not surprisingly, of the 90% of current family caregivers showing burnout symptoms noted above, 20% describe their burnout as severe. The data show that Gen Z adults – arguably more predisposed than many demographics to leveraging technology to help with caregiving – carry a disproportionately heavy burden without paid leave, financial cushion, or support infrastructure that older caregivers have had time to accumulate. 62% of Gen Z caregivers report that caregiving cuts into their job performance, compared to 44% of Millennials and 45% of Gen X. 50% of Gen Z’ers report that caregiving has damaged their personal relationships, compared to 41% of Millennials and 38% of Gen X.
The survey brings to light the multiple disparities that exist within the caregiver landscape, including gender, income, and age gaps noted above. For example, some 73% of survey respondents indicate that caregiving has had or will have a significant impact on their financial stability, and 67% report a direct impact on their own careers, with the toll falling hardest on women and younger caregivers.
Moreover, lower-income caregivers also over-index. Thus, families with the fewest resources are struggling with caregiving responsibilities as Congress has enacted nearly $1 trillion in Medicaid cuts that potentially threaten home-based services that help older adults and their caregivers. Men are more likely to describe caregiving as rewarding. Conversely, women are more likely to describe it as overwhelming and believe they bear a disproportionate share of the financial and career consequences.
Source: LogicMark
Majority of caregivers would welcome AI-powered health monitoring as LGMK expands solutions portfolio
Importantly, some 77% of caregivers say they would embrace or try AI-powered health monitoring systems to help, thus supporting a hybrid model where technology works to help monitor and protect aging family members.
Technology can help with the ability to monitor seniors’ well-being remotely and is expected to grow in importance as baby boomers become seniors. The population of adults aged 65 and older is expected to jump dramatically over the next few years in what has been broadly described by Forbes and other publications as the Silver Tsunami. The aging of the population is expected to drive demand for technology services that can help people remain independent, improve their quality of life, and live at home. The latter is critical, as growing numbers of older adults report their desire to remain independent. For example, in March 2023, U.S. News & World Report surveyed 2,000 U.S. adults 55 and older and found that more than 90% of people 55+ and older want to age at home and remain in their communities.
Upcoming launch of connected home hub
Innovating and expanding the product line is a key pillar of LogicMark’s growth strategy, as it transitions from hardware sales of legacy devices to proactive health monitoring devices and software solutions that can help prevent emergencies, falls, and other safety issues and enable people to remain independent safely. With more active lifestyles compared to earlier generations of people age 55 and over, clunky models that were offered in the past do not work for many, if not most, seniors. LogicMark believes there has been little innovation in the home monitoring space, reflecting several factors, including that the PERS sector is highly fragmented, with a number of privately-held small competitors, and other companies are subsidiaries of larger corporations that do not prioritize this business. The company expects new products and services to both diversify and augment its revenue streams and contribute to growing recurring revenues over time.
With an initiative in the senior living and independent living spaces, leveraging its expanded teams' significant experience in areas such as behavioral health and rehabilitative therapy, the company is beta testing a connected home hub with partners. The system integrates the CPaaS platform, predictive cloud services, caregiving apps, and proprietary AI-powered fall detection technology that operates with no need to wear wearable devices at home. An example of where this technology could be particularly helpful is in the shower, where a fall can prove fatal. The hub connects with other systems and environmental sensors to enhance safety and enable LGMK to potentially partner with connected home and health tech providers to help support aging at home safely.
…And wearable watch
The company also has additional new products in the pipeline and others in development. For example, LGMK’s wearable watch is expected to launch in 3Q26. The watch incorporates the company’s technology in a streamlined form factor that supports seniors’ demand for sleek wearable PERS tech and more active lifestyles.
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[1] Talker Research conducted the research in April 2026 of 1,000 U.S. adults nationally selected randomly for a diverse range of perspectives across age, gender, geography, and caregiver status.