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Aging Populations - Overcoming the challenges of a world with a depleted workforce and elderly populace

Aging Populations

  • Overcoming the challenges of a world with a depleted workforce and elderly populace

  • Summary

    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 Highlights
    • 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.
    Scope
    • 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.
    Reasons to buy
    • 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?

    Executive summary
    Population crisis: The global population is getting older
    Aging and illness: The healthcare burden
    Pensions crises: Economic trouble, bad policy and lack of suitable solutions
    Technology: Changing how the elderly are cared for
    Population crisis: How to repopulate the planet with young people
    The populations of almost all western countries are getting older quickly
    Fertility rates are hampering repopulation in many countries
    Europe is one of the worst affected areas by this looming crisis
    Japan has a toxic range of problems that seems unsolvable
    Two speed worlds split between those that can grow and those that can’t
    Current solutions are monetary incentives and automation
    Aging and illness: The healthcare burden
    The older the population, the more chronic illness it has
    Dementia has no cure and is absorbing social care budgets
    Old age consumes both public and private money equally
    Increasingly drastic methods of paying for elderly care sap a person’s assets
    Pharmaceutical spending reveals that old age is the biggest driver
    Elderly people as a significant economic burden for a country
    The solutions are better use of money and treatment focus
    Pensions crises: Economic trouble, bad policy and lack of suitable solutions
    Political and economic considerations expand widespread pension problems
    Attempts by central banks to solve other economic problems have contributed to pensions crises
    Failure to deal with pension concerns has created larger, long lasting financial troubles for Detroit
    Implementing solutions to pensions crises is tough but necessary
    Japan embarks on journey to reform pensions in most concerted effort of any major economy
    Given size of problems and economic difficulties, Brazil must be bold to improve pensions outlook
    Technology is changing how the elderly are cared for
    New alert technology allows elderly people to stay at home, keeping many out of care systems
    Internet of things is changing how care is delivered to an aging population
    Nascent technology can radically improve the mobility of an aging population, creating new business
    Remotely taking doctors into homes: technology streamlines treatment of elderly patien
    Mobility presents growing business opportunities for innovation
    Communication technology designed for over 65 year olds is a growth industry
    Points of interest
    Appendix
    Further Reading
    Sources
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    List of Tables
    Table 1: 2016 and estimated 2020 top selling prescription drugs worldwide and use cases 16
    List of Figures
    Figure 1: Population over 65 estimates by 2050 key countries
    Figure 2: Global population comparison under 5 and over 65 1950-2050
    Figure 3: World split by average fertility rate and example countries
    Figure 4: Japan’s Population 2015-2155
    Figure 5: Highest and lowest birth rates per 1000 people 2014
    Figure 6: Fertility rates in Sweden Norway and Germany, children per woman 1960-2014
    Figure 7: % of GDP expenditure on elderly care in Europe, 2013
    Figure 8: Reported rate of memory loss or confusion among older adults in USA
    Figure 9: UK spending on dementia care by source 2015 ($bn)
    Figure 10: 2014 population over 65 and life expectancy
    Figure 11: Brazil Pension fund assets ($bn)
    Figure 12: UK 10-year bond price ($1000)
    Figure 13: US pension assets % of GDP
    Figure 14: Japan over 65-year-old population, millions
    Figure 15: Brazil Pension fund assets ($bn)
    Figure 16: CareClip
    Figure 17: HAL-5 robotic exoskeleton
    Figure 18: Percentage of UK over 65-year-olds who own a smartphone
    Figure 19: Percentage of UK over 65-year-olds who use a tablet to go online
    Figure 20: RollerScoot
    Figure 21: Percentage of UK over 65-year-olds who go online
    Figure 22: Doro 580 mobile phone

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