The structure of the world’s population is undergoing significant change. The OECD forecasts that globally the proportion of over 65s in the population will more than double to 16.2% by 2050, with the percentage of people aged 80 and over trebling. Decreasing fertility rates, coupled with increasing overall life expectancy, are driving up the share of elderly in the population. As a result, demand for elderly care is expected to rise significantly.
Source : Knight Frank