6 - 8 November 2020 - Hall 401|402 Suntec Singapore Convention and Exhibition Centre

Industry News

South Korea plans to invest more than US$ 13 billion in data, network, and artificial intelligence (AI) sectors, especially for digital elderly care services.
Due to the rise of the digital healthcare market triggered by the coronavirus pandemic, the demand for digital elderly care services in Korea continues to rise. Several technology companies, such as SK Telecom, Naver and KT Corporation launch artificial intelligence technology and service for the elderly to live with more convenience.

The Indonesian healthcare market was US$3.58 billion in 2021 and continues to grow as the population ages.
Healthcare and healthy ageing is a priority for the Indonesian government. They created several programmes to increase accessibility and quality of life for the elderly, and also imported medical devices and equipment for healthcare facilities.

With an average growth of 7% from 2013-2015, and the trend set to continue post-pandemic, Thailand’s wellness tourism industry is set for rapid growth.
Thailand is promoting itself as a health and wellness hub after health awareness has been raised through the COVID-19 outbreak. Travelers are more willing to invest in health and wellness services such as health checkups and spa services.

The elderly care market in Vietnam will have an annual growth rate of up to 7% from 2020 to 2027.
Vietnam has an ageing population but few healthcare facilities and nursing homes available. There is a lack in the current assisted living and healthcare facilities despite the ageing population, which could be a great potential market for investment in this area.

India's elderly population is growing at 4% year on year, which is double its population growth.
In recent years, products designed specifically for the elderly have become more popular in India. The Indian silver market is extremely lucrative as the elderly are increasingly willing to spend on themselves and invest in products that will help them live comfortably.

Japan's government aims to create an Age-free Society where older people are able to demonstrate their abilities and continue to work.
With the oldest population on Earth, Japan is a great place to release new products targeted at the elderly. Technological innovations and developments, or agetech, for maintaining healthy lifestyles and enhancing workplaces are important.

Singapore was ranked as the country with the biggest silver economy in the Asia Pacific region, which is projected to be worth US$ 4.6 trillion by 2025.
The adoption of digital services among the elderly, opening the ageing market for digital and tech products in Singapore. As seniors look for ways to increase their quality of life, opportunities arise for products and
services catering specifically to the elderly...

Vietnam had 12% of its population aged 60 and above in 2018. This figure is expected to reach 21% in 2040: In 2018, the growth rate of products for consumers over 50 years old was considered relatively good. Most of the sectors experienced double digits and higher than the average growth of the whole consumer goods market.

By 2045, people aged 65 and above is projected to reach 14% of its population: Realizing the fact that growing senior population will eventually drive up demand for healthcare, the Malaysian government has launched Telemedicine Blueprint, to keep the cost of medical services affordable.

By 2025, there will be a lack of nearly 400,000 professional healthcare workers in Japan’s silver industry:Japan is currently the world's oldest country, and it's set to get even older. The number of elderly people aged 65 or older accounted for 26.7 % of the 127.1 million total population, up 3.7% from five years ago.

High-end senior living facilities are a growth industry in Indonesia: Indonesia has the world’s fourth largest population and a large middle class. There will be 39 million Indonesians aged over 60 years by 2030.

ELDEX Goes to Bishan: Want to understand what brain fitness is all about from a professional psychologist? Join ELDEX and Proage at Bishan Community Club on Saturday 12 October 2019, 10:30 AM – 11:30 AM. Register here (subject to availability).

Singapore taking advantage of AI and Big Data to help in eldercare: Singapore expects to bring down personal and government spending on healthcare by improving compliance in leading a healthier lifestyle with input of vital data and treating diseases.

South Korean government backing R&D on eldercare robotics: Ranked fourth in the deployment of industrial robots worldwide, South Korean companies have been leaders in eldercare robotics. 

World Alzheimer’s Month (WAM) 2019 Carnival- 21 September 2019: Open to the public, the WAM 2019 Carnival is a FREE, full day funfair where youthful energy meets family time – good fun for a good cause! Join ADA as we stand in solidarity with persons with dementia and their families, and partake in carnival games, snacks, face-painting, balloon-sculpting and a myriad of edu-tainment booths hosted by ADA and partners.

China needs 13M caregivers: 35% of country’s population will be aged over 60 by 2050. Technology solutions are needed to overcome the sector’s manpower shortage.

China is expected to become the largest telehealth market in the world: Country has three major nationwide telemedicine networks; market growing at 15% a year.

ICAA Active Aging Week - 01 to 07 Oct 2019Celebrating aging and the benefits of active living at any age, Active Aging Week showcases the capabilities of older adults as fully participating members of society. This campaign also spotlights role models that lead the way. Learn how you can join with thousands of Active Aging Week supporters to help change the way we age.

Gerontological Society Singapore Conference "The Art and Science of Ageing Well - 24 Aug 2019Learn about the art and science of ageing well at the GS Conference 2019. 

05 Jul 2019 - New Research Paper and Quality Manual from CommonAge: Our supporting partner CommonAge has put together two publications: Issues in Ageing Research Paper and a Quality Manual designed specifically for the aged care industry for all Commonwealth countries. These two great publications are free to download. Please consider a donation to CommonAge to help keep the wonderful work.