New Delhi: India’s healthcare infrastructure must adapt to the necessities of the growing older inhabitants because the variety of residents above 60 years of age is projected to rise to 193 million by 2031, in accordance with a joint report by PwC and the Association of Senior Living India (ASLI).
“The population above the age of 60 accounts for approximately 9.8 percent of the total Indian population, and this number is projected to increase from 138 million in 2021 to around 193 million by 2031,” the report stated. (Also Read: ‘Pick Up Faster Than Sam Altman’s Return’: Auto Rickshaw’s Peak Bengaluru Moment)
The United Nations initiatives that India will grow to be dwelling to one of many world’s largest aged populations by 2050, with an estimated 319 million people aged 60 and above, it added. (Also Read: Searching For Job? These Startups Are Hiring For Different Roles – Check)
The report stated the aged inhabitants is extremely vulnerable to power ailments, infections, age-related well being points, and cognitive decline, making their healthcare wants extra advanced.
“India’s healthcare infrastructure needs to adapt to the requirements of this aging population. There is a pressing need for geriatric healthcare facilities, including hospitals, clinics, and trained healthcare professionals who understand the specific needs of elderly patients,” the report stated.
The mixture of the elevated healthcare necessities and propensity to spend is prone to propel the present area of interest geriatric providers USD 12-15 billion market to about USD 40-50 billion market by the tip of this decade, it added.
With rising healthcare prices, the PwC-ASLI report talked about that many aged face monetary challenges in accessing healthcare providers. Therefore, the report steered that it’s essential to create monetary planning options equivalent to insurance coverage and retirement funds, which cater to the wants of the aged.
“The senior care industry in India holds immense potential, but we acknowledge the challenges it faces, be it regulatory frameworks or infra development. We are dedicated to advocating transformative approaches that prioritize the well-being and dignity of seniors,” ASLI Chairman Adarsh Narahari stated.
Ankur Gupta, Joint Managing Director of Ashiana Housing, and Co-Founder of the Association of Senior Living, stated, “We’re diving into the senior care industry — a booming sector as India’s population grows. Our goal is to empower entrepreneurs to understand the world of seniors and uncover the vast potential for startups in this field.” The members of the affiliation deal with over 2 lakh seniors, he added.
Source: zeenews.india.com
