As the world’s population ages, demand for care and products and services will increase exponentially. A recent report by The Australian Ageing Agenda highlights a study the by Access Economics showing that health and aged care providers are likely to benefit as a result of the projected demographic shift in Australia.

The study showed that the ratio of over 65s to 15-64 year-olds will almost double within 30 years, resulting in increased investment in aged care and retirement accommodation.

Also benefiting will be support industries that provide IT solutions and devices to aged care.

“Significant investments in health care technology are required to meet the demands of the aged, who wish to maintain quality of life into their senior years and are generally prepared to pay to get it.”

The report also recommended that businesses use mature-aged workers as they can relate better to elderly clients.