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Single-person households account for nearly 30% of Korea’s population

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08-Sep-16 Korea’s population increased by 1.36 mn from 2010, reaching 51 mn in Nov-15. South Jeolla Province is the first region to become 'hyper-aging' (>20% over 65 years old). Single households accounted for 27% of the total population, and the youth population is decreasing with the acceleration of low birth rates, while the middle-aged and elderly are rapidly increasing. [image: Business Korea]

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Elderly health costs to rise tenfold in Singapore

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25-Aug-16 Elderly healthcare costs in Singapore are projected to rise tenfold over the next 15 years to more than USD49 bn annually. This means an average of USD37,427 will be spent on healthcare for each elderly person by 2030, the highest in the Asia-Pacific region, just ahead of Australia. [image: Tiffany Goh / The Straits Times]

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Firms in aging Thailand bet on demand surge

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15-Aug-16 CT Asia Robotics is one of many Thai firms investing in healthcare for the aged in a country where the working-age population will decline this year. Diaper maker DSG International has seen adult diaper sales grow 30% this year. Another company seeing opportunity in the demographic change is Samaphan Health, which sells mattresses and respiratory products to aid sleep. [image: Reuters / Athit Perawongmetha]

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Elderly healthcare yet to meet demand in Vietnam

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11-Aug-16 Elderly healthcare in Vietnam has yet to meet the needs of aging patients due to lack of medical staff and resources for geriatric wards. Only 36% of provincial hospitals have geriatric wards. The Ministry of Health plans to enhance the capacity of geriatric wards, aiming at comprehensive health care services at hospitals. [image: The Voice Of Vietnam]

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Malaysian healthcare growth driven by demographics

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05-Jul-16 Malaysian inpatient admissions appear finally to have turned around in the first quarter of 2016 after three consecutive quarters of decline, with IHH Healthcare Bhd up 10% year-on-year and KPJ Healthcare Bhd up 4%. The turnaround suggests that the drag on healthcare business volume from the implementation of the goods and services tax has finally worn off. [image: Bloomberg / Affin Hwang forecasts]

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