Asia's Aging Population Has a Need for Projects in the Healthcare Sector
As Asia's population grows older, there's a need for new projects in the healthcare sector.
Asia's population is aging faster than anywhere else in the world.
|60% of the world's older-than-65 population will live in Asia by 2030.|
Healthcare projects are being launched all over the continent to cater to the demographic shift.
US$20 trillion Amount needed to fund elderly healthcare in Asia Pacific by 2030—a nearly fivefold increase from 2015
Healthcare expenditure per elderly person between 2015 and 2030 (in US$)
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.
Sources: Voice of Asia, Deloitte Insights, 2017; Advancing Into the Golden Years, Marsh & McLennan Companies, 2016; Health City Novena