Regional CEO Forum - Reimagining the Business of Ageing
Regional CEO Forum - Reimagining the Business of Ageing
Asia is the next giant in ageing. But unlike Western countries, parts of Asia will grow old before they become rich. The number of elderly people in Asia by 2030 will increase by 200 million, a 71% increase. The Asia Pacific Risk Center estimates that elderly health care in Asia could increase five-fold to $2.5 trillion by 2030, if current cost trends remain unchecked. How to manage increased demand without draining public purses is one of the most urgent policy and economic challenges facing the region. But the burden should not rest solely on the shoulders of governments. The private sector has much to contribute, and could benefit considerably from the growing ageing market. This session will bring together leading minds from the private sector to discuss how to help Asian cities make the transition to older societies that are still healthy and productive.