Ageing populations pose challenges but present business opportunities for Asia: Deloitte

Singapore

AN AGEING population may be a concern and a challenge for many nations, but global professional services firm Deloitte says ageing populations will also generate a growth cluster of new business opportunities for this region - and Singapore, in particular.

In the third edition of its "Voice of Asia" series, which looks at the challenges and opportunities facing the region, Deloitte says those aged over 65 in Asia are the largest and fastest growing market in the world. They are expected to grow from a population of 365 million this year, to more than 520 million in 2027, to over one billion just after the middle of this century.

In fact, says Deloitte, by 2042, there will be more over-65s in Asia than the total…