 Semico Research published a report in July 2013 claiming the health and wellness monitoring market for Aging in Place will reach $30 billion by 2017.The Program of All-Inclusive Care for the Elderly (PACE) model was created in the early 1970s in order to meet the chronic care needs of older people through their community.As an assistance program, one must be at least 55 years of age, certified by their state to need nursing home care, are able to live safely in the community at the time of enrollment, and live in a PACE service area.