Asia Pacific’s ageing market value projected to hit US$4.56 trillion by 2025

According to findings from the 4 th Asia Pacific Silver Economy Patronage Opportunities Report 2022 edition, Asia Pacific's ageing market value is estimated to hit US$4.56 trillion by the year 2025. This marks an increase of 43 percent from US$3.2 trillion in 2020. Succeeding with previous editions of the Report, launched on Friday by Ageing Asia, house savings continue to embody the metrical to estimate the capability of an individual to purchase goods and services outside of their daily consumption of necessity.

The report  also discharged the Ageing Asia Silver Economic system Index – a superior of countries in Asia Pacific by market potential drop for the ageing population. Singapore ranks top in the 2022 Index with Japanese Archipelago catching up closely in bit position from a numerate sixth ranking in 2015. Commonwealth of Australi maintains third in position.

In the 2022 Exponent, Hong Kong SAR was in second position, but has born two rankings perfect to ordinal stead in the 2022 variation. Japan's jump is largely attributed to cleared family savings per capita forecasted for 2025 compared to other developed countries, a large old population and longer life anticipation.

Singapore's projected ripening commercialise value by 2025 is forecast to be US$ 72.4 billion. Japan, a super-aged body politic with 35.8% population aged 60 and to a higher place, is the endorse largest ageing commercialize in Asia Pacific, accounts for US$884 billion and 19.3% of the ageing market potential in Asia Pacific. Australia is projected to reach US$159.1 1000000000 aside 2025.

The grocery store outlook for the ageing market remains positive, even midmost of the COVID-19 pandemic. The absolute majority of  manufacture participants surveyed believe the market will pick up and adapt to the new norm of eldercare services and senescent technologies.

"Ageing is not one homogenous securities industry; it is an eco-system of multi-industry, niche byplay opportunities, that require research, experimentation, market segmentation and in-astuteness understanding of customer perceptual experience of merchandise value. The next lick that will drive the future of ageing in Asia Pacific is about with success engaging some consumers and industry", observes Ms Janice Chia, Founder & Managing Director of Ageing Asia, Singapore.

The report covers 15 key countries known as potential argent economy growth markets within Asia Pacific – Australia, The People's Republic of China (famous arsenic "PRC"), Hong Kong SAR, India, Republic of Indonesia, Japan, Democracy of Korea, Malaysia, Myanmar, New Zealand, Philippines, Singapore, Republic of China, Democracy of Red China (called "Taiwan"), Thailand and Vietnam.

The 4 th Asia Pacific Silver Economy Business Opportunities Report 2022 edition is available from, 8th August 2020. The report launch is a part of activities held in conjunction with Ageing Asia 2020: World Ageing Festival (The hybrid edition), 2-25 November 2020.

For more information on the festival operating theater to receive the report, visit web.ageingasia.com

https://hellocare.com.au/asia-pacifics-ageing-market-value-projected-hit-us4-56-trillion-2025/

Source: https://hellocare.com.au/asia-pacifics-ageing-market-value-projected-hit-us4-56-trillion-2025/

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