By Martin Gøttske
Asia is expected to be home to over 60 per cent of the total population aged 65 years or older worldwide by the 2030s according to Deloitte. By 2042 there will be more over-65s in Asia than the populations of the Eurozone and North America combined.
The ageing Asian market may pose significant challenges, but can also create big business opportunities. As government spending continues to be tightened, much of the demand in the health care industry will be addressed by the private sector and additional growth will be seen in consumer goods for the elderly, age-appropriate housing and social infrastructure, as well as asset management and insurance, says Deloitte.
Inc. Southeast Asia: