In 2024, Monaco was the country with the highest percentage of the total population that was over the age of 65, with ** percent. Japan had the second highest with ** percent, while Portugal and Bulgaria followed in third with ***percent.

Graph and download economic data for Population ages 65 and above for the United States (SPPOP65UPTOZSUSA) from 1960 to 2024 about 65-years +, population, and USA.

The average for 2023 based on 196 countries was 10.17 percent. The highest value was in Monaco: 36.36 percent and the lowest value was in Qatar: 1.57 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

In 2050, the three East Asian countries Hong Kong (SAR of China), South Korea, and Japan are forecasted to have the highest share of people aged 65 years or more. Except for Kuwait, all the countries on the list are either in Europe or East Asia. By 2050, 22 percent of the world's population is expected to be above 60 years.

Gerontology Aging Market Outlook

The global gerontology aging market size was valued at USD 780 billion in 2023 and is projected to reach USD 1,350 billion by 2032, growing at a CAGR of 6.3% during the forecast period. This robust growth is primarily driven by the increasing aging population worldwide, advancements in medical technology, and rising awareness about the importance of elderly care.

One of the primary growth factors for the gerontology aging market is the rapidly increasing elderly population across the globe. With advancements in healthcare, life expectancy has significantly increased, resulting in a higher percentage of the population being aged 65 and above. The World Health Organization (WHO) estimates that by 2050, the global population aged 60 years and older will total 2 billion, up from 900 million in 2015. This demographic shift necessitates enhanced geriatric care services and facilities, thus fueling market growth.

Another significant driver is the rising prevalence of chronic diseases among the elderly. Conditions such as arthritis, diabetes, cardiovascular diseases, and dementia are more common in older adults. Managing these chronic illnesses requires specialized care and services, which contributes to the expansion of the gerontology aging market. Additionally, the increasing awareness and focus on preventive healthcare measures among the elderly population is pushing the demand for wellness and prevention services.

Technological advancements in healthcare are also playing a crucial role in the growth of the gerontology aging market. Innovations such as telemedicine, remote patient monitoring, and electronic health records are enhancing the quality of care for the elderly. These technologies enable continuous monitoring of health conditions, timely medical interventions, and better management of chronic diseases, thereby improving the overall healthcare experience for the aging population.

Regionally, North America holds a significant share of the gerontology aging market due to its advanced healthcare infrastructure, high healthcare expenditure, and the presence of major market players. Europe follows closely, driven by a large elderly population and government initiatives supporting elderly care. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, attributed to the increasing aging population, improving healthcare infrastructure, and rising healthcare awareness.

Service Type Analysis

The gerontology aging market is segmented by service type into home care, adult day care, and institutional care. Each of these services addresses different needs and preferences of the elderly population, contributing uniquely to the market's growth.

Home care services are gaining popularity due to the preference for aging in place among the elderly. These services include personal care, medical care, and assistance with daily activities, allowing older adults to stay in their homes while receiving necessary support. The convenience and comfort of home care, coupled with technological advancements such as telehealth and home monitoring systems, are driving the growth of this segment.

Adult day care services provide a safe and supportive environment for elderly individuals during the day, offering social activities, meals, and healthcare services. These facilities are particularly beneficial for older adults who require supervision and assistance but do not need full-time residential care. The increasing number of dual-income families and the need for respite care for caregivers are significant factors contributing to the growth of the adult day care segment.

Institutional care, which includes nursing homes and assisted living facilities, remains a crucial component of the gerontology aging market. These institutions provide comprehensive care for elderly individuals who require constant medical attention and support. The demand for institutional care is driven by the rising prevalence of chronic diseases and the need for specialized care that cannot be provided at home. Additionally, the development of advanced facilities with specialized units for conditions like dementia and Alzheimer’s disease is boosting this segment.

Report Scope

The Aging Population Services market has emerged as a critical sector in response to the growing global demographic shift towards an older population. As life expectancy increases and birth rates decline, an estimated 1.4 billion people worldwide will be aged 60 and over by 2030. This demographic change is exerting

In 2023, about 17.7 percent of the American population was 65 years old or over; an increase from the last few years and a figure which is expected to reach 22.8 percent by 2050. This is a significant increase from 1950, when only eight percent of the population was 65 or over. A rapidly aging population In recent years, the aging population of the United States has come into focus as a cause for concern, as the nature of work and retirement is expected to change to keep up. If a population is expected to live longer than the generations before, the economy will have to change as well to fulfill the needs of the citizens. In addition, the birth rate in the U.S. has been falling over the last 20 years, meaning that there are not as many young people to replace the individuals leaving the workforce. The future population It’s not only the American population that is aging -- the global population is, too. By 2025, the median age of the global workforce is expected to be 39.6 years, up from 33.8 years in 1990. Additionally, it is projected that there will be over three million people worldwide aged 100 years and over by 2050.

The unprecedented demographic shifts toward an aging population pose significant challenges to global healthcare systems. Understanding the heterogeneity in disease prevalence among the elderly is crucial for effective public health strategies. Using prevalence data of 85 types of age-related diseases, we calculated the global heterogeneity of disease distribution by the Shannon Diversity Index (SHDI). We observed significant geographic variations in disease heterogeneity, with higher SHDI values in high-income Western countries such as the United States of America and Sweden and lower in South Asia and Oceania (p < 0.05). In 2021, SHDI values in elderly populations (age ≥ 60 years) for Europe and North America countries were an average of 1.12 times higher than in Oceania. While SHDI increases toward higher ages (for instance, in 2021, SHDI for adults above 95 years is 1.06 times higher than for ages between 60 and 64 years), the global SHDI tends to decrease nonlinearly over time. From 1990 to 2021, global age-standardized SHDI (age ≥ 60 years) averagely decreased by 1.2% for both men and women. Our analysis further revealed that socio-economic factors (e.g., socio-demographic indices, governance) strongly impacted global SHDI changes, while climatic and environmental factors (e.g., extreme climate and air pollution) showed significant differences across genders. Our study highlights the need for implementing comprehensive healthcare strategies, focusing on reducing health disparities and addressing environmental and socio-economic determinants to address inequalities in age-related diseases effectively.

Globally, about 25 percent of the population is under 15 years of age and 10 percent is over 65 years of age. Africa has the youngest population worldwide. In Sub-Saharan Africa, more than 40 percent of the population is below 15 years, and only three percent are above 65, indicating the low life expectancy in several of the countries. In Europe, on the other hand, a higher share of the population is above 65 years than the population under 15 years. Fertility rates The high share of children and youth in Africa is connected to the high fertility rates on the continent. For instance, South Sudan and Niger have the highest population growth rates globally. However, about 50 percent of the world’s population live in countries with low fertility, where women have less than 2.1 children. Some countries in Europe, like Latvia and Lithuania, have experienced a population decline of one percent, and in the Cook Islands, it is even above two percent. In Europe, the majority of the population was previously working-aged adults with few dependents, but this trend is expected to reverse soon, and it is predicted that by 2050, the older population will outnumber the young in many developed countries. Growing global population As of 2025, there are 8.1 billion people living on the planet, and this is expected to reach more than nine billion before 2040. Moreover, the global population is expected to reach 10 billions around 2060, before slowing and then even falling slightly by 2100. As the population growth rates indicate, a significant share of the population increase will happen in Africa.

Elderly Oriented Adaptation Market Outlook

The global elderly oriented adaptation market size was valued at approximately USD 150 billion in 2023, and is expected to reach USD 300 billion by 2032, growing at a compound annual growth rate (CAGR) of 8%. This significant growth is driven by several factors, including an aging global population, increased focus on elderly care, and advancements in adaptive technologies and services designed to enhance the quality of life for the elderly.

One of the primary growth factors in this market is the rapidly aging global population. According to the World Health Organization, the number of people aged 60 years and older is expected to more than double by 2050, reaching around 2.1 billion. This demographic shift is creating an unprecedented demand for products and services tailored to meet the needs of the elderly. As populations age, there is an increasing emphasis on maintaining independence and quality of life, which is driving the adoption of various elderly-oriented adaptations, from mobility aids to assistive technologies.

Additionally, technological advancements are playing a crucial role in the growth of the elderly oriented adaptation market. Innovations in healthcare and assistive technologies, such as advanced mobility aids, smart home systems, and wearable health monitoring devices, are making it easier for the elderly to manage their daily lives and health conditions. These advancements are not only improving the safety and well-being of the elderly but are also reducing the burden on caregivers and healthcare systems, thereby fostering market growth.

Moreover, increasing government support and favorable policies are contributing to market expansion. Many governments around the world are recognizing the importance of elder care and are implementing policies and programs aimed at supporting this demographic group. Funding for research and development in geriatric care, subsidies for adaptive equipment, and the promotion of age-friendly environments are some of the initiatives driving market growth. These supportive measures are encouraging businesses to invest in and develop innovative products and services for the elderly.

Regionally, North America is currently the largest market for elderly oriented adaptations, driven by a well-established healthcare system, high disposable incomes, and a significant elderly population. However, the Asia Pacific region is expected to witness the highest growth during the forecast period, owing to its large aging population, increasing healthcare expenditure, and growing awareness about elderly care solutions. Europe is also a significant market, supported by strong government initiatives and an aging demographic. The Middle East & Africa and Latin America are emerging markets, with growth potential driven by improving healthcare infrastructure and rising awareness.

Product Type Analysis

The elderly oriented adaptation market can be segmented by product type into mobility aids, daily living aids, assistive furniture, communication aids, and others. Each of these segments plays a crucial role in enhancing the quality of life for the elderly by addressing specific needs and challenges associated with aging.

Mobility aids, such as wheelchairs, walkers, and scooters, are essential for maintaining independence and mobility among the elderly. The demand for these products is driven by the increasing prevalence of mobility impairments and chronic conditions such as arthritis and osteoporosis. Technological advancements in this segment, including the development of lightweight and foldable designs, as well as the integration of smart features like GPS and automated braking systems, are further boosting market growth.

Daily living aids encompass a wide range of products designed to assist the elderly in performing everyday tasks. These include items such as adaptive utensils, dressing aids, and bathing equipment. The growing focus on enabling the elderly to live independently for as long as possible is fueling the demand for these products. Innovations in ergonomic design and the use of non-slip materials, as well as the development of automated solutions like robotic feeding arms, are enhancing the usability and appeal of daily living aids.

Assistive furniture, including adjustable beds, lift chairs, and specialized seating solutions, is another critical segment within the elderly oriented adaptation market. These products are designed to provide comfort and support, reduce the risk of falls, and faci

Graph and download economic data for Population ages 65 and above for OECD Members (SPPOP65UPTOZSOED) from 1960 to 2024 about OECD Economies, 65-years +, and population.

Elderly Care Services Market Outlook

The global elderly care services market size was estimated at USD 1.2 trillion in 2023 and is projected to reach USD 2.5 trillion by 2032, growing at a CAGR of 8.5% during the forecast period. The growth of this market is primarily driven by the increasing aging population worldwide, rising chronic diseases, and the growing need for professional healthcare services for the elderly.

One of the primary growth factors in the elderly care services market is the demographic shift toward an aging population. According to the World Health Organization (WHO), the global population aged 60 years and older is expected to reach 2 billion by 2050, up from 900 million in 2015. This aging demographic is creating a significant demand for various elderly care services, including home care, adult day care, and institutional care. Moreover, with advancements in healthcare technology and better living standards, life expectancy is increasing, further necessitating the need for comprehensive elderly care services.

Another critical factor driving market growth is the rising incidence of chronic diseases among the elderly. Conditions such as diabetes, cardiovascular diseases, and arthritis are more prevalent among older adults, requiring continuous medical attention and care. The management of these chronic conditions often involves regular monitoring, medication management, and assistance with daily activities, which in turn fuels the demand for specialized elderly care services. Additionally, the growing awareness about the importance of mental health in old age is leading to the adoption of services that address cognitive health and dementia care.

The integration of technology in elderly care services is also a significant growth driver. Telehealth, remote patient monitoring, and mobile health apps are revolutionizing how elderly care is delivered. These technological advancements not only improve the quality of care but also make it more accessible and cost-effective. For instance, telehealth enables caregivers to monitor patients remotely, reducing the need for frequent hospital visits and allowing seniors to receive care in the comfort of their homes. Similarly, mobile health apps can help track medication schedules, appoint reminders, and provide health tips, enhancing the overall well-being of the elderly.

Regionally, the elderly care services market is witnessing robust growth across various geographies. North America leads the market owing to its advanced healthcare infrastructure, high disposable income, and a large aging population. Europe follows closely, driven by strong government support and well-established elderly care programs. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, attributed to rapid urbanization, increasing life expectancy, and growing awareness about elderly care services. Countries like Japan and China are at the forefront in this region, with significant investments in elderly care facilities and services. Latin America and the Middle East & Africa are also showing promising growth, albeit at a slower pace compared to other regions.

Retirement Communities are becoming increasingly popular as a preferred choice for elderly individuals seeking a vibrant and engaging lifestyle. These communities offer a range of amenities and services designed to enhance the quality of life for seniors, including recreational activities, wellness programs, and social events. Residents can enjoy the benefits of independent living while having access to support and care services as needed. The sense of community and belonging in these settings is a significant draw for many seniors, providing opportunities for social interaction and the development of meaningful relationships. As the aging population continues to grow, retirement communities are expected to play a crucial role in meeting the diverse needs and preferences of older adults.

Service Type Analysis

The elderly care services market is segmented into three primary service types: home care, adult day care, and institutional care. Home care services encompass a range of services provided in the patient's home, including medical care, personal care, and companionship. These services are highly preferred due to the comfort and familiarity of the home environment. Many elderly individuals and their families opt for home care to avoid the stress and disruption of moving to a new living arrangement. The inc

Monaco Population: Total: Aged 65 and Above data was reported at 12,991.000 Person in 2023. This records a decrease from the previous number of 13,099.000 Person for 2022. Monaco Population: Total: Aged 65 and Above data is updated yearly, averaging 6,664.000 Person from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 13,236.000 Person in 2020 and a record low of 4,122.000 Person in 1960. Monaco Population: Total: Aged 65 and Above data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Monaco – Table MC.World Bank.WDI: Population and Urbanization Statistics. Total population 65 years of age or older. Population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship.;World Bank staff estimates using the World Bank's total population and age/sex distributions of the United Nations Population Division's World Population Prospects: 2022 Revision.;Sum;

Japan JP: Population: Total: Aged 65 and Above data was reported at 34,293,754.000 Person in 2017. This records an increase from the previous number of 33,735,537.000 Person for 2016. Japan JP: Population: Total: Aged 65 and Above data is updated yearly, averaging 13,829,440.500 Person from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 34,293,754.000 Person in 2017 and a record low of 5,199,270.000 Person in 1960. Japan JP: Population: Total: Aged 65 and Above data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank: Population and Urbanization Statistics. Total population 65 years of age or older. Population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship.; ; World Bank staff estimates using the World Bank's total population and age/sex distributions of the United Nations Population Division's World Population Prospects: 2017 Revision.; Sum;

Gerontology/Aging Market size was valued at USD 1.3 Tillion in 2023 and is projected to reach USD 2.3 Tillion by 2031, growing at a CAGR of 8.5% during the forecasted period 2024 to 2031.

Global Gerontology/Aging Market Drivers

The market drivers for the Gerontology/Aging Market can be influenced by various factors. These may include:

• Aging Population: The global increase in the elderly population, particularly in developed countries, is a major driver. As life expectancy rises, more individuals require age-related products and services. • Healthcare Advancements: Improvements in healthcare technology and treatments enhance the quality of life for older adults, driving demand for related services and products.

Cayman Islands Population: Total: Aged 65 and Above data was reported at 5,608.000 Person in 2022. This records an increase from the previous number of 5,332.000 Person for 2021. Cayman Islands Population: Total: Aged 65 and Above data is updated yearly, averaging 1,651.000 Person from Dec 1960 (Median) to 2022, with 63 observations. The data reached an all-time high of 5,608.000 Person in 2022 and a record low of 596.000 Person in 1962. Cayman Islands Population: Total: Aged 65 and Above data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cayman Islands – Table KY.World Bank.WDI: Population and Urbanization Statistics. Total population 65 years of age or older. Population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship.;World Bank staff estimates using the World Bank's total population and age/sex distributions of the United Nations Population Division's World Population Prospects: 2022 Revision.;Sum;

Graph and download economic data for Population ages 65 and above for Sri Lanka (SPPOP65UPTOZSLKA) from 1960 to 2024 about Sri Lanka, 65-years +, and population.

Until 2100, the world's population is expected to be ageing. Whereas people over 60 years made up less than 13 percent of the world's population in 2024, this share is estimated to reach 28.8 percent in 2100. On the other hand, the share of people between zero and 14 years was expected to decrease by almost ten percentage points over the same period.

Abstract

The Longitudinal Aging Study in India (LASI) aims to understand the situation of India’s elderly population by collecting data on their health, social situations, and economic circumstances. It will provide a foundation for innovative, rigorous, and multidisciplinary studies of aging in India that will inform policy and advance scientific knowledge. Its goal is to provide data harmonized with the Health and Retirement Study (HRS) and its sister studies around the world. A pilot study has been conducted that includes household survey data, Computer-Assisted Personal Interviews (CAPI) and molecular biomarkers. The results of the pilot study will inform the design of a full-scale, nationally representative LASI, with a sample of roughly 30,000 to be followed longitudinally (with refresher populations added as needed). Due to its harmonized design with parallel international studies, LASI will contribute to scientific insights and policy development in other countries as well. LASI will ultimately be part of a worldwide effort aimed at understanding how different institutions, cultures, and policies can understand and prepare for population ageing.

Documentation

You can download the pilot data at the Harvard Program on the Global Demography of Aging website

Methodology

The LASI pilot survey targeted 1,600 individuals aged 45 and older and their spouses, and will inform the design and rollout of a full-scale, nationally representative LASI survey. The expectation is that LASI will be a biennial survey and will be representative of Indians aged 45 and older, with no upper age limit.

1,600 age-qualifying individuals were drawn from a stratified, multistage area probability sampling design. After a series of pre-pilot studies designed to test the instrument and the key ideas behind it, pilot data were collected through face-to-face interviews over three month time periods. Descriptive analyses of the data will be performed and lessons will be drawn to inform the launching of a full-scale LASI survey.

The LASI pilot survey was conducted in four states: Karnataka, Kerala, Punjab, and Rajasthan. To capture regional variation we have included two northern states (Punjab and Rajasthan) and two southern states (Karnataka and Kerala). Karnataka and Rajasthan were included in the Study on Global AGEing and Adult Health (SAGE), which will enable us to compare our findings with the SAGE data. The inclusion of Kerala and Punjab demonstrates our aim to obtain a broader representation of India, where geographic variations accompanied by socioeconomic and cultural differences call for careful study and deliberation. Punjab is an example of an economically developed state, while Rajasthan is relatively poor, with very low female literacy, high fertility, and persisting gender disparities. Kerala, which is known for its relatively efficient health care system, has undergone rapid social development and is included as a potential harbinger of how other Indian states might evolve.

Graph and download economic data for Population ages 65 and above for Kuwait (SPPOP65UPTOZSKWT) from 1960 to 2024 about Kuwait, 65-years +, and population.