Singapore Resident Population: HDB Flats: Bt Batok data was reported at 111,500.000 Person in 2017. This records an increase from the previous number of 111,100.000 Person for 2016. Singapore Resident Population: HDB Flats: Bt Batok data is updated yearly, averaging 113,100.000 Person from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 119,900.000 Person in 2005 and a record low of 108,300.000 Person in 2001. Singapore Resident Population: HDB Flats: Bt Batok data remains active status in CEIC and is reported by Housing & Development Board. The data is categorized under Global Database’s Singapore – Table SG.EB026: Public Housing Statistics. Data as at 31 March of the calendar year

According to Cognitive Market Research, the Global elder care service Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.

• The global elder care market will expand significantly by XX% CAGR between 2024 and 2031. • The home care type segment accounts for the largest market share and is anticipated to a healthy growth over the approaching years. • The pharmaceutical sector holds the largest share and is expected to grow in the coming years as well. • Heart disease application is the market's largest contributor and is anticipated to expand at a CAGR of XX% during the projected period. • The North America region dominated the market and accounted for the highest revenue of XX% in 2022 and it is projected that it will grow at a CAGR of XX% in the future

Market Dynamics: Elder Care Service

Key Drivers-

The rising elderly population and advancements in assistive devices drive the market for elder care services-

The increasing number of retirement communities boosts the market of elder care services globally. The growing demand for home care services is a driving factor for the growth of elder care services. As per WHO, the elderly population is predicted to reach nearly over 1 billion by 2050 across emerging economies and this rise will translate into huge demand for elder care services, thereby enlarging the scope of the market soon. Also, the elderly population is prone to diabetes, arthritis, and renal insufficiency along with other chronic diseases this factor drives the market. For instance- to address these challenges Athulya Senior Care launched a host of cutting-edge facilities, a highly skilled and professionally trained staff, advanced safety and security measures, personalized dietary planning by expert dieticians, and a diverse array of mentally and physically stimulating activities. (source:https://www.athulyaseniorcare.com/news-and-media.php) In recent years, the demand for elder care services is expected to grow as the global population continues to age. Also, technological advancement plays a crucial role in growing the market for elder care services. Elder care service provides technological solutions, such as remote monitoring devices, AI-generated gadgets for emergency assistance, advanced health trackers, and communication platforms, which are increasingly utilized to ensure the well-being and safety of older adults. For instance- SINGAPORE – A new robotics rehabilitation center has just been opened in Bukit Batok, bringing advanced robotics therapy closer to elderly residents. (sopurce:https://www.straitstimes.com/singapore/new-rehabilitation-centre-brings-robotics-therapy-to-the-elderly-in-bukit-batok-community) Hence, with the rapid increase in the aged population, and the growing demand for elder care services with advanced technological advancement fueled the market for elder care services.

Restraint-

Financial Constraints are a major challenge for elder care service

The emerging economies along with the low availability of skilled personnel can inhibit the expansion of the elderly care services market across the globe. Developing countries often struggle with limited healthcare infrastructure, making it challenging to establish specialized elder care services. Affordability issues for families in providing long-term care solutions, including assisted living or nursing home care may challenge the market growth for elder care services. The ongoing assistance and supportive lifestyle provided to senior citizens have many attributes that can contribute to low profit margins. Low refunds are generated by government funds and some insurance companies, which significantly restrains the market's growth. The financial aspects cannot meet the home services' premium quality services, hindering the market's growth. As the medical costs are increasing, the service providers cannot meet the health care cost of the elderly care services. For instance- More than 17 million older adults age 65+ are economically insecure, with incomes below 200% of the federal poverty level. These older adults struggle with rising housing and health care bills, inadequate nutrition, lack of access to transportation, dimini...

常住人口：新加坡政府租屋公寓：巴托克山在12-01-2017达111,500.000人，相较于12-01-2016的111,100.000人有所增长。常住人口：新加坡政府租屋公寓：巴托克山数据按年更新，12-01-1997至12-01-2017期间平均值为113,100.000人，共21份观测结果。该数据的历史最高值出现于12-01-2005，达119,900.000人，而历史最低值则出现于12-01-2001，为108,300.000人。CEIC提供的常住人口：新加坡政府租屋公寓：巴托克山数据处于定期更新的状态，数据来源于Housing & Development Board，数据归类于Global Database的新加坡 – 表 SG.E029：公共住房统计：住房和发展委员会（HDB）。