Rapid ageing a tailwind for the aged care sector in Asia Pacific

We believe aged care is emerging as a prominent sector in Asia with a robust growth outlook. Asian markets have undergone a remarkable transformation owing to rapid economic growth, urbanization, and technological advancements over the past few decades. These positive trends have given rise to the swift aging of populations due to falling birthrates.

What you will learn:

• Birthrates from the 1950s and 1960s in developed Asian nations were incredibly high and resulted in increased life expectancy, and the number of people entering their 70s and 80s over the coming two decades will occur at pace never seen before. Consequently, countries like Korea, China, and Singapore will require aged care facilities to be expanded alongside other healthcare-related investment.
• In North Asian markets, including Korea, Japan, and China, the traditional model of family-based elderly care is undergoing a significant shift. There is growing momentum towards the establishment of formal aged care systems to address the evolving demographic landscape.
• However, regulatory challenges and product type characteristics will need to be considered. Further challenges are also present with regards to generally underfunded pension systems and emerging labour shortages.