What to expect with APAC’s elder care products market?

The global market is expected to reach $45b by the end of 2032.

The Asia-Pacific region is emerging as a key area of growth for elder care products, as the global market is expected to reach $45b by the end of 2032 at a compound annual growth rate of 6.2%, according to Persistence Market Research.

Countries including China, Japan, India, and South Korea are seeing increased demand for such products amidst demographic changes, particularly ageing populations and urbanisation.

“In Japan, for instance, the demand for elder care products is already well established, driven by a high proportion of elderly citizens and a robust healthcare infrastructure,” the report said.

Moreover, emerging economies like India and several Southeast Asian nations are beginning to invest more heavily in elder-focused healthcare products and services.

The region’s expansion is further supported by increased government investment in elder care, growing middle-class incomes, and a rising focus on healthcare modernisation