Seniors sizing up

According to the latest UN projections, the global population aged 65 and over as a percentage of the total population will increase from 10.5% in 2020 to 16.5% in 2050. This means that there will be about 1.6 billion seniors in the world by mid-century, compared to 857 million in 2020, representing a 2.5% CAGR. The aging trend will be more pronounced in some regions than others, with Europe and East Asia having the highest proportion of seniors, and Africa and South Asia the lowest. The growing number of seniors poses significant opportunities for healthcare companies addressing diseases with higher prevalence among older people. At the same time, companies addressing the financial needs of an aging population such as retirement savings are also positioned well.

Source: United Nations, April 2024.