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International forecasts project that the global population aged 65 and over will increase from 761 million in 2021 to 1.6 billion by 2050. In the Asia-Pacific region, the share of people aged 60 and over is expected to rise from 13.6% in 2020 to nearly 25% by 2050, intensifying pressures on health systems and labor markets while also expanding demand for elder care services.
The aging trend is expected to raise health care costs and contribute to labor shortages. At the same time, it is creating growth opportunities in elder care services. The Asia-Pacific elder care services market was valued at 975.12 billion USD in 2024 and is forecast to reach 1,485.2 billion USD by 2032.
Country-level developments also point to rapid scaling. China’s elder-care services market is estimated at 183.07 billion USD in 2025, with expectations to reach 362.08 billion USD by 2034.
In Singapore, Yong-en Active Hub operates as a social club for seniors, offering activities such as mahjong, learning instruments, and practicing qigong. Tim Lee, CEO of Yong-en, said social isolation can negatively affect elderly health, supporting a shift from center-based care toward community-based care.
In Shanghai, a short-term elderly care model provides flexible residency to meet temporary needs, including situations where children travel for work.
In Beijing, a smart elderly-care center opened in March 2026 and integrates 43 kinds of robots and smart devices.
In Korea, elder-care centers use AI to support seniors. In Malaysia, modern rehabilitation centers such as ReU Living and Sunway Sanctuary are being developed.
While elder care services are expanding, some segments primarily serve economically advantaged elderly, creating social equity challenges.
In Vietnam, the aging index was 60.2% in 2024 and is forecast to exceed 100 by 2032. Resolution 72-NQ/TW outlines key instructions for elderly care, including developing care facilities and training a professional workforce. The Ministry of Health also proposes daytime elder care models in the community to actively manage health and promote cultural exchange.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
