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Happily Aging: International Opportunities in Independent/Assistive Living Harry Wang,   Director of Mobile and Health
Slide  Graying is a Global Phenomenon & Challenge  ,[object Object]
Europe:  Senior population will increase 77% and 80+ subgroup will rise 174%  by 2050
Japan:  65 years and older will rise to 32% in 2030 and 41% in 2055, up from 20% in 2000
China:  60 years and older will rise from 10% in 2000 to 16.6% in 2020 and 28.8% in 2050 and 100 million will be 85 years and older by 2050 Alarming Numbers Is the World  Readily  Prepared? ,[object Object]
Europe:  Government is under the gun to improve long-term care coverage, increase staff, and make the service affordable
Japan:  S evere shortage of skilled care workers and threat of pension cut
China:  I nsufficient long-term care infrastructure and rapid rising expenditure on senior care services threaten quality and affordability of senior care
Slide  Retirement is a Financial Choice ,[object Object]
The continuing-care retirement community (CCRC) in the U.S. usually asks for an entry fee averaging $250,000, plus a monthly expense of $2,500 to $5,400
In Japan, a one-month stay in a municipally operated nursing home costs close to 366,000 yen (3,000 dollars); a private nursing home room cost a move-in fee of $3,500, plus $1,200 to $1,650 per month to cover rent, utilities, and food
Slide  Institutional Long-Term Care is Supplementary in Nature ,[object Object]
Canada:  about 200,000 live in government provided or private long-term care facilities , and shortage of nursing home beds leads to long waiting time for prospective residents
China:  less than one million seniors are living in a long-term care facility—the majority are living in with their grown-up children
Europe : although there has been quick expansion of private and public funded nursing homes across Europe, total number of residents remain small.
Slide  A Home/Community-based Care Model for Seniors
Slide  Consumers are Searching for Options
Slide  Living in the Home: Needs and Wants Health ,[object Object]
Prevent hospitalization
Manage medication
Comfort diagnosis Connection ,[object Object]
Circle of friends

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International Opportunities in Independent Senior Living

  • 1. Happily Aging: International Opportunities in Independent/Assistive Living Harry Wang, Director of Mobile and Health
  • 2.
  • 3. Europe: Senior population will increase 77% and 80+ subgroup will rise 174% by 2050
  • 4. Japan: 65 years and older will rise to 32% in 2030 and 41% in 2055, up from 20% in 2000
  • 5.
  • 6. Europe: Government is under the gun to improve long-term care coverage, increase staff, and make the service affordable
  • 7. Japan: S evere shortage of skilled care workers and threat of pension cut
  • 8. China: I nsufficient long-term care infrastructure and rapid rising expenditure on senior care services threaten quality and affordability of senior care
  • 9.
  • 10. The continuing-care retirement community (CCRC) in the U.S. usually asks for an entry fee averaging $250,000, plus a monthly expense of $2,500 to $5,400
  • 11. In Japan, a one-month stay in a municipally operated nursing home costs close to 366,000 yen (3,000 dollars); a private nursing home room cost a move-in fee of $3,500, plus $1,200 to $1,650 per month to cover rent, utilities, and food
  • 12.
  • 13. Canada: about 200,000 live in government provided or private long-term care facilities , and shortage of nursing home beds leads to long waiting time for prospective residents
  • 14. China: less than one million seniors are living in a long-term care facility—the majority are living in with their grown-up children
  • 15. Europe : although there has been quick expansion of private and public funded nursing homes across Europe, total number of residents remain small.
  • 16. Slide A Home/Community-based Care Model for Seniors
  • 17. Slide Consumers are Searching for Options
  • 18.
  • 21.
  • 24.
  • 26.
  • 27. L egacy left behind
  • 28. Satisfaction of life Basic Needs Emotional Wants
  • 29.
  • 30.
  • 31. Slide Success Factor: Affordability
  • 32.
  • 33. Features personalized care management, patient reminders, surveys, multimedia educational content, and communications tools
  • 34.
  • 35. Numerous apps will surface to support self-care needs of all kind of people, including seniors
  • 36. It is not a medical device, but who cares in the consumer market if it offers easy and immersive experience
  • 37.
  • 38. Slide Example 1: Grandcare Systems
  • 39. Slide Example 2: Halo Monitoring
  • 40.
  • 41. MedSmart : Medication reminder and dispensing system
  • 42. Health monitoring: Daily health symptom monitoring adds additional value
  • 43.
  • 44.
  • 45.
  • 46.
  • 47.
  • 48. Slide Thank You Harry Wang Director, Health & Mobile Parks Associates 5310 Harvest Hill Road, Suite 235 Dallas, Texas 75230 Direct: 972-996-0227 Harry@parksassociates.com
  • 49. Parks Associates’ expertise is derived from a combination of primary research and industry analysis. Each year, Parks conducts a number of primary research surveys to understand the connected home and consumer digital lifestyles. About Parks Associates TVs / Video Audio / Music Internet / Broadband Gaming Mobile / Smartphones Mobile services Mobile / Portable devices Consumer electronics Home automation / controls Set-top Boxes Digital cameras / imaging Peripherals Digital Health GPS Home networking Residential Gateways Home security Digital media / rights Advertising Energy management Support / installation Coverage Scope of Research Global markets Features & differentiation Innovative / disruptive technologies Market participants / profiles SWOT analysis Customer preferences / intent Consumer behavior / habits Adoption / pricing Segmentation Optimal bundles / features Channel dynamics Market trends / dynamics Market sizing & forecasts Value chain analysis Branding Consumer decisions & purchasing www.parksassociates.com