Aging Populations - Overcoming the Challenges of a World with a Depleted Workforce and Elderly Populace

The world’s population is growing old and some of the world’s 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.

Key Questions Answered

- 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?

Scope

- 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.

Reasons to buy

- 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.

Table of Contents

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 ...

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 can’t 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 person’s 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

Appendix 36

Further Reading 36

Sources 36

Ask the analyst 37

About MarketLine 37

Disclaimer 37

List of Tables

List of Tables

Table 1: 2016 and estimated 2020 top selling prescription drugs worldwide and use cases 16

List of Tables

Table 1: 2016 and estimated 2020 top selling prescription drugs worldwide and use cases 16

List of Figures

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 ...

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: Japan’s 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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