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Rapidly Aging Demographics and Opportunities from the Global Silver Economy 2050
Businesses Should Focus on the Growing Silver Consumer Segment, with the Elderly to Account for 22% of the World s 2050 Population
07-Nov-2023
Global
Market Research
PF16-01-00-00-00
CI_2023_308
$2,450.00
Special Price $1,837.50 save 25 %
The aging phenomenon is rapidly changing the face of demographics and consumer markets globally, with the global elderly to touch 2.1 billion persons by 2050. Aside from Western economies, which have traditionally been associated with aging populations, emerging market economies will see fast-growing aging populations between 2030 and 2050. In the light of these tectonic demographic shifts, it becomes increasingly important for business to strategize early and undertake age-inclusive design to capture early-mover advantages and tap into the booming silver economy.
This thought-leadership piece on the silver economy is designed to provide foresight into aging population forecasts, elderly spending patterns, and industry opportunities related to the silver economy. Demographic forecasts are provided until 2050, providing decision-makers with insights into global trends and regions of priority.
Regarding wealth patterns, data points to a widening gap in wealth between the elderly and younger cohorts in some regions. Hence, while GenZ-focused solutions and marketing might be one growing approach for businesses, higher value-add solutions and inclusive marketing for the elderly should not be ignored.
The silver economy opportunity universe is vast, with applications ranging from care robots and telemedicine to smart homes and silver tourism. Currently, some solutions are in the development-growth stage, providing ample growth opportunities over the next 2 decades. Silver tech, or age tech, applications are set to witness high growth, given factors such as rapidly aging demographics and caregiver shortages.
Key Issues Addressed
- How do 2030-2050 aging population growth rates differ by region?
- Which countries are in the lead for elderly demographics?
- Are all age cohorts within the elderly population growing evenly?
- How do elderly spending patterns between the United States and the United Kingdom compare?
- What is the 2050 life cycle analysis for the silver economy?
- What does the Ansoff matrix look like for the silver economy?
- What are the top growth opportunities in the silver economy?
Author: Neha Anna Thomas
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Silver Economy1
Growth Opportunities Fuel the Growth Pipeline Engine™
Silver Economy Growth Drivers and Restraints
Region-Wise Comparison of Elderly Population
Countries with Large Elderly Population
Dynamics Within the Global Elderly Population
Wealth of the Aging Population
Elderly Spending Patterns—US
Elderly Spending Patterns—UK
Evolving Demographics and Elderly Spending Patterns
Silver Economy Opportunity Universe
Silver Economy Product/Service Life Cycle Analysis and Macroeconomic Forces Driving Market Potential
Silver Economy Ansoff Matrix
Government and Private Sector Policy Responses
Growth Opportunity 1: Silver Tech Boom to Address Aging-Related Challenges
Growth Opportunity 1: Silver Tech Boom to Address Aging-Related Challenges (continued)
Growth Opportunity 2: Catering to the Super-Aged
Growth Opportunity 2: Catering to the Super-Aged (continued)
List of Exhibits
Legal Disclaimer
List of Figures
- Size and Share of Elderly Population, Global, 2030 and 2050
- Top 15 Countries by Elderly Population Size, Global, 2000, 2020, and 2050
- Break-up of Elderly Cohort Shares Within the Elderly Aging Population, Global, 2020 and 2050
- Break-up of Elderly Cohort Shares Within the Regional Elderly Population, Europe, 2020 and 2050
- Break-up of Elderly Cohort Shares Within the Regional Elderly Population, North America, 2020 and 2050
- Break-up of Elderly Cohort Shares Within the Regional Elderly Population, Asia, 2020 and 2050
- Median Wealth by Householder Age Group, US, 2021
- Median Individual Wealth by Age Group, Great Britain, April 2018–March 2020
- Median Net Wealth by Age of Reference Person, Germany, April 2023
- Average Annual Expenditure (Mean) by Age, US, 2019 and 2030
- Average Annual Expenditure Share by Spending Category and by Age, US, 2019 and 2030
- Average Weekly Household Expenditure by Age of Household Reference Person, UK, 2018 and 2030
- Average Weekly Household Expenditure Share by Spending Category and by Age of Household Reference Person, UK, 2018 and 2030
- Life Cycle Analysis of Select Silver Economy Products/Services and Market Potential, Global, 2023–2050
- Silver Economy Ansoff Matrix, Global, 2023–2050
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Key Issues Addressed
- How do 2030-2050 aging population growth rates differ by region?
- Which countries are in the lead for elderly demographics?
- Are all age cohorts within the elderly population growing evenly?
- How do elderly spending patterns between the United States and the United Kingdom compare?
- What is the 2050 life cycle analysis for the silver economy?
- What does the Ansoff matrix look like for the silver economy?
- What are the top growth opportunities in the silver economy?
Author: Neha Anna Thomas
| Deliverable Type | Market Research |
|---|---|
| Author | Neha Anna Thomas |
| Industries | Cross Industries |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Silver Economy Analysis |
| Keyword 2 | Aging Population Analysis |
| Keyword 3 | Market Forecast For Aging Demographics |
| List of Charts and Figures | Size and Share of Elderly Population, Global, 2030 and 2050~ Top 15 Countries by Elderly Population Size, Global, 2000, 2020, and 2050~ Break-up of Elderly Cohort Shares Within the Elderly Aging Population, Global, 2020 and 2050~ Break-up of Elderly Cohort Shares Within the Regional Elderly Population, Europe, 2020 and 2050~ Break-up of Elderly Cohort Shares Within the Regional Elderly Population, North America, 2020 and 2050~ Break-up of Elderly Cohort Shares Within the Regional Elderly Population, Asia, 2020 and 2050~ Median Wealth by Householder Age Group, US, 2021~ Median Individual Wealth by Age Group, Great Britain, April 2018–March 2020~ Median Net Wealth by Age of Reference Person, Germany, April 2023~ Average Annual Expenditure (Mean) by Age, US, 2019 and 2030~ Average Annual Expenditure Share by Spending Category and by Age, US, 2019 and 2030~ Average Weekly Household Expenditure by Age of Household Reference Person, UK, 2018 and 2030~ Average Weekly Household Expenditure Share by Spending Category and by Age of Household Reference Person, UK, 2018 and 2030~ Life Cycle Analysis of Select Silver Economy Products/Services and Market Potential, Global, 2023–2050~ Silver Economy Ansoff Matrix, Global, 2023–2050~ |
| Podcast | No |
| WIP Number | PF16-01-00-00-00 |