U.K., Sept. 24 -- A new report from Barclays Corporate Banking states that technology will transform the health and social care sectors, adding that care homes need to adapt and evolve to make sure they're not left behind.

The report, titled 'Stepping out of the shadows: Social care prepares for a digital future', found that in the period between 2018 and 2019, more than 250 care homes went out of business, although the number of requests for social care funding went up 5.7%. Additionally the research noted that the UK population is ageing, and by 2043 it's estimated that the numberof people aged over 65 will increase by 43%.

In addition to this, the Covid-19 pandemic has placed an additional strain on the healthcare sector and magnifie...