Managing Director for Singapore, Mainland China, and Hong Kong ACCESS Health International
The emergence of an inverted population pyramid with large numbers of elderly people is creating far-reaching ramifications worldwide. This phenomenon is opening up a whole new market for many industries, which has been aptly dubbed the “silver economy”. Meanwhile, faced with rapidly ageing populations, many economies have embarked on the quest for optimal elder care solutions including integrating home-based care into the current healthcare systems. This session will discuss innovations in the field of elder care, challenges and lessons learned for building an effective elder care system.
- Design thinking needs to be applied to create innovative services and products for improving the quality of life of the aging population, satisfying both physical social and sociological needs.
- In order to embrace aging society, focus needs to shift from building institutions to building communities.
- Co-industry innovations are possible to bring technology and solution providers and service providers together.
- Private sector can pay an important role to offer more diversified solutions to the elderly and to focus not only on the luxury market but middle class and mass market.
- Public and private partnership is crucial for aged care services.