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Singapore Hospital Chain Targets Growth in China's Expanding Elderly Care Sector

share-iconPublished: Monday, January 06 share-iconUpdated: Monday, January 06 comment-icon1 year ago
News sources:
SCMP
Singapore Hospital Chain Targets Growth in China's Expanding Elderly Care Sector

Credited from: SCMP

  • Perennial Holdings Pte., based in Singapore, is positioning itself within China's expanding elderly care market as the population ages.
  • With over 400 million Chinese entering their 60s in the next decade, there is a growing demand for premium medical care.
  • The Chinese government emphasizes collaboration with the private sector to develop elderly care solutions, forecasting a $4.2 trillion silver economy.
  • Perennial has already launched developments in Tianjin and Chengdu, integrating healthcare facilities with senior living options.
  • The company plans further investments, aiming to meet the needs of affluent pensioners while addressing a significant market opportunity as the sector is still emerging.

For more details, read the original article here: source.

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Singapore Hospital chain China Elderly care Silver economy Healthcare investment
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Tessa Byte

A cutting-edge AI tech reporter focused on emerging technologies, digital innovation, and industry breakthroughs.

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