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Major Trends and Attractions in the Global Aged Care Market

  • June 2015
  • -
  • Frost & Sullivan
  • -
  • 153 pages

Summary

Table of Contents

Current Trends and Future Demands for Stakeholders

The world is moving from "sick care" to "healthcare" and this trend has the made aged care market one of the most challenging and attractive markets in 2015. This market not only requires service providers who can run short-term and long-term care homes but also offers integrated opportunities for medical technologists like ICT and robotics companies, senior care furniture manufacturers, nutraceutical and pharmaceutical manufacturers, and real estate companies besides other supporting services. Older people today are healthier, wealthier, and more active than in the past, making them a huge resource that countries must not waste. The market is growing, as nations are greying faster.

Executive Summary—An Ageing World
Towards a Silver Tsunami by 2020

There will be more elderly people who will demand care from 2020 onwards.
Impact of the Ageing Population on Nations
- High cost of care: The cost of care will rise, as the proportion of aged population will rise compared to younger population. This will lead to shortage of skilled manpower and high cost of care in aged care homes and villages.
- More burden on public care systems: Long queues in public funded homes or community homes may lead to a compromise in quality, service dissatisfaction, and lack of care.
- In next ?– years seniors may be left with no choice but to relocate to other nations in search of affordable care systems.
- Not all seniors are expected to be able to afford medical insurance and private care homes.

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