With the demographic shift, today’s aging population is changing society’s concept of what it means to grow old. The number of people worldwide aged over 60 is projected to double to two billion by 2050. With our innovations, we strive to enable people from all age groups “to be and do what they value throughout their lives” while aging actively and healthily.
More than 950 million people around the globe were aged over 60 in 2017 and this number is expected to double to two billion people by 2050, according to the United Nations World Population Prospects report. And with this demographic shift, today’s aging population is also changing society’s concept of what it means to grow old.
With the average life expectancy continuously increasing, industrialized countries are facing two challenges presented by the demographic shift: how to manage the extra costs associated with longer term care; and how to handle the prospect of possibly spending more years in declining health. And since aging is a relatively modern phenomenon, we also need to further understand what aging means at both a global and local level.