Aging Populations - Overcoming the challenges of a world with a depleted workforce and elderly populace
The worlds population is growing old and some of the worlds most powerful economies are due to experience catastrophic social change as a result. The need of older people is going to be one of the hot topics of the next few decades as many countries will have to adapt their healthcare systems, technology investment and pension schemes to cope with this new population of older people.
- The global population is getting older, presenting significant challenges to governments to fund social care, pensions and healthcare. More and more of the economic output is now absorbed by the needs of the elderly population.
- A greater degree of healthcare spending is now invested into old age care. Finding better ways to fund care, reducing drug expenditure and refocusing pharmaceutical research towards more effective treatment is now essential.
- Technology developed to ensure elderly people can stay in their homes is now essential to future care and constitute potentially massive savings for the healthcare system. New business opportunities to take care of modern needs caused by an aging population are now opening up.
- Examines the likely impact an aging population has and the need for reform.
- Looks at the impact of an aging population on economic performance with regards to funding old age care.
- Assessing the problems of an aging population relating to funding pensions and the economic impact
- Looks at how technology is changing to cater for elderly care in the home.
Reasons to buy
- What is the effect of an aging population on social care, pensions and healthcare?
- What is the economic impact of aging and illness as the population ages?
- What are the problems of funding pension systems around the world?
- How can technology work to allow elderly people to stay in their homes rather than entering the healthcare system?
Table of Contents
Executive summary 2
Population crisis: The global population is getting older 2
Aging and illness: The healthcare burden 2
Pensions crises: Economic trouble, bad policy and lack of suitable solutions 2
Technology: Changing how the elderly are cared for 2
Population crisis: How to repopulate the planet with young people 7
The populations of almost all western countries are getting older quickly 7
Fertility rates are hampering repopulation in many countries 8
Europe is one of the worst affected areas by this looming crisis 9
Japan has a toxic range of problems that seems unsolvable 10
Two speed worlds split between those that can grow and those that cant 11
Current solutions are monetary incentives and automation 12
Aging and illness: The healthcare burden 13
The older the population, the more chronic illness it has 13
Dementia has no cure and is absorbing social care budgets 14
Old age consumes both public and private money equally 15
Increasingly drastic methods of paying for elderly care sap a persons assets 15
Pharmaceutical spending reveals that old age is the biggest driver 16
Elderly people as a significant economic burden for a country 16
The solutions are better use of money and treatment focus 17
Pensions crises: Economic trouble, bad policy and lack of suitable solutions 19
Political and economic considerations expand widespread pension problems 19
Attempts by central banks to solve other economic problems have contributed to pensions crises 20
Failure to deal with pension concerns has created larger, long lasting financial troubles for Detroit 21
Implementing solutions to pensions crises is tough but necessary 22
Japan embarks on journey to reform pensions in most concerted effort of any major economy 23
Given size of problems and economic difficulties, Brazil must be bold to improve pensions outlook 24
Technology is changing how the elderly are cared for 26
New alert technology allows elderly people to stay at home, keeping many out of care systems 26
Internet of things is changing how care is delivered to an aging population 27
Nascent technology can radically improve the mobility of an aging population, creating new business 28
Remotely taking doctors into homes: technology streamlines treatment of elderly patients 29
Mobility presents growing business opportunities for innovation 31
Communication technology designed for over 65 year olds is a growth industry 32
Points of interest 35
Further Reading 36
Ask the analyst 37
About MarketLine 37
List of Tables
Table 1: 2016 and estimated 2020 top selling prescription drugs worldwide and use cases 16
List of Figures
Figure 1: Population over 65 estimates by 2050 key countries 7
Figure 2: Global population comparison under 5 and over 65 1950-2050 8
Figure 3: World split by average fertility rate and example countries 9
Figure 4: Japans Population 2015-2155 10
Figure 5: Highest and lowest birth rates per 1000 people 2014 11
Figure 6: Fertility rates in Sweden Norway and Germany, children per woman 1960-2014 12
Figure 7: % of GDP expenditure on elderly care in Europe, 2013 13
Figure 8: Reported rate of memory loss or confusion among older adults in USA 14
Figure 9: UK spending on dementia care by source 2015 ($bn) 15
Figure 10: 2014 population over 65 and life expectancy 17
Figure 11: Brazil Pension fund assets ($bn) 20
Figure 12: UK 10-year bond price ($1000) 21
Figure 13: US pension assets % of GDP 22
Figure 14: Japan over 65-year-old population, millions 24
Figure 15: Brazil Pension fund assets ($bn) 25
Figure 16: CareClip 27
Figure 17: HAL-5 robotic exoskeleton 28
Figure 18: Percentage of UK over 65-year-olds who own a smartphone 30
Figure 19: Percentage of UK over 65-year-olds who use a tablet to go online 31
Figure 20: RollerScoot 32
Figure 21: Percentage of UK over 65-year-olds who go online 33
Figure 22: Doro 580 mobile phone 34
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