As my parents age, I’ve become more aware the vulnerability of the elderly and how even small things can make a difference to the less spry. It is endearing to see the appreciation given when an older person needs a seat on a train and someone gives that seat. However that small act of benevolence is a far cry from caring for someone with Alzheimer's, which many millions do daily. With the latest technology boom, encompassing the sharing economy, internet of things, big data and smart-phones as health monitors – old age for the elderly themselves, their families and the care-givers should be easier to cope with and with a better quality of life for all?
As an investor – one always looks to be part of a macro trend, especially one where you can do well by doing good, and one thing is for sure – we will all be affected by this if not through family, then as we age ourselves. Taking part in this trend before we join the elderly ourselves is surely a most sensible act.
Some Boring Statistics To Make A Point - We Are Getting Older :) No Seriously…
Life expectancy around the world is increasing in both developed and emerging markets. By 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 841 million today. With increased urbanization, people are adopting a more sedentary lifestyle leading to increased obesity and diabetes. The middle class continues to grow and will fuel increasing demand for more health options. According to the World Health Organization, chronic disease prevalence is expected to rise 57% by the year 2020.
The global wellness/ ancillary market size is currently $1.49 trillion and expected to grow in line with the population growth. 1 billion by more people by 2025 or which 300m will be over 65 years old (source 5: UN data).
A good example of this global trend is in China where it is actually more serious