News >

Ageing innovation forum targets silver market

Image
The Straits Times on 26 Apr 2017

Share

Facebook Email


As Singapore's population ages, there is a greater need for new models of care and new products for seniors.

 

Some of these were on display at the 8th International Ageing Asia Innovation Forum 2017 (AAIF2017), which had both local and international experts sharing their insights and showcasing their best practices.

 

More than 30 exhibitors from countries including Australia, Finland, Indonesia and Japan also had products to exhibit in conjunction with the forum.

 

While there were many products for elderly people, Japanese eldercare provider Silverwood also had a virtual-reality application to simulate the life of a person living with dementia. It is estimated that 4.6 million people in Japan have dementia.

 

Silverwood president Tadamichi Shimogawara said: "Every day, we interact with many dementia patients. This is what triggered the project."

 

The number of people aged 65 and above in Singapore is expected to reach 900,000 by 2030.

 

The founder of Ageing Asia, Ms Janice Chia, said there are increasing opportunities for products and services in the silver market, in view of the changing needs. "Product and service innovation will then be necessary to increase productivity and efficiency to cater for better delivery of care," she said.

 

Source: The Straits Times © Singapore Press Holdings Limited. Reproduced with permission.

 

The views, material and information presented by any third party are strictly the views of such third party. Without prejudice to any third party content or materials whatsoever are provided for information purposes and convenience only. Council For The Third Age shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person accessing or acting on any information contained in such content or materials. The presentation of such information by third parties on this Council For The Third Age website does not imply and shall not be construed as any representation, warranty, endorsement or verification by Council For The Third Age in respect of such content or materials.