Singapore firms see silver lining in eldercare industry
26-Jun-17, The Business Times
As Singapore strives towards its Smart Nation vision, it cannot escape the fact that it is also an ageing society. But rather than view the silver tsunami as a disaster to be averted, industry players say it is a wave that local businesses should catch.
%20ST%20File.jpg "Singapore firms see silver lining in eldercare industry (c) ST File")
Image: ST File
By one estimate, the ageing market sector in the Asia-Pacific is projected to reach US$3.3 trillion by 2020, making it a potential sunrise industry. An increasing number of small and medium sized enterprises (SMEs) are eyeing a slice of the pie as they tap the latest technology trends such as the Internet of Things and data analytics to create innovative eldercare solutions.