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    Senior Momentum

    Asia's Aging Population Has a Need for Projects in the Healthcare Sector

    Article Change Management, Healthcare 1 March 2018

    PM Network

    How to cite this article:

    Senior Momentum: Asia's Aging Population Has a Need for Projects in the Healthcare Sector (2018). PM Network, 32(3), 11.

    As Asia's population grows older, there's a need for new projects in the healthcare sector.

    GOING GRAY

    Asia's population is aging faster than anywhere else in the world.

    img
    img 60% of the world's older-than-65 population will live in Asia by 2030.

    BOOMING INVESTMENT

    Healthcare projects are being launched all over the continent to cater to the demographic shift.

    US$20 trillion Amount needed to fund elderly healthcare in Asia Pacific by 2030—a nearly fivefold increase from 2015

    Healthcare expenditure per elderly person between 2015 and 2030 (in US$)

    COUNTRY 2015 2030
    Singapore 8,200 37,400
    China 850 3,900
    Vietnam 140 1,300

    600,000 square meters (6,458,346 square feet)

    Size of the redesigned Health City Novena after an expansion program slated to finish by 2030. The integrated health complex in Singapore is growing to deal with the country's aging population crisis. One project slated to close in 2022 will deliver an elderly-focused 500-bed rehabilitation facility.

    img

    Sources: Voice of Asia, Deloitte Insights, 2017; Advancing Into the Golden Years, Marsh & McLennan Companies, 2016; Health City Novena

    This material has been reproduced with the permission of the copyright owner. Unauthorized reproduction of this material is strictly prohibited. For permission to reproduce this material, please contact PMI.

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