In a recent speech by Minister for Law and Home Affairs K. Shanmugam, he highlighted 4 key challenges for Singapore in the next 50 years. One of which was the rapidly aging population.
This single challenge would encompass several industry players, social changes and the landscape. It would be a system and community wide impact in the society.
– The Healthcare System
– The Insurance System
– The Retirement Funding
– Caregiving at Home
– Mobility and Assistive Devices
– Cost of Living
– Sustainability of the Economy with an “inverted” population pyramid
– Interactive Devices
– Monitoring Equipment
– Activity Centres
– Job Creation
Here lies opportunities for future consumer goods, industry players and businesses.
Read the full article on AsiaOne.