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5 Ways Technology is Transforming the Healthcare Industry

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5 Ways Technology is Transforming the Healthcare Industry

5 Ways Tech is Transforming the Healthcare Industry

Whether itโ€™s information-sharing between patients and doctors or aiding in a high-risk surgery, itโ€™s clear that dynamic applications of technology are well underway in disrupting the healthcare industry.

TECH AT OUR FINGERTIPS

Todayโ€™s infographic from the Online Medical Care highlights healthcare areas where tech is breaking barriers. Here are five ways that technology is impacting the sector, ranging from AI to nanomedicine:

Artificial Intelligence

Artificial intelligence will have a dramatic impact on many industries, and healthcare is no exception.

A large share of healthcare executives are already applying artificial intelligence in their operations, with data showing plans to increase budgets last year.

Healthcare uses of AIAdoption (2017)Adoption (2018E)
Clinical decision support46%59%
Population health33%46%
Disease management29%42%
Re-admissions33%41%
Medical costs / health plan21%38%
Patient safety and quality25%33%
Supply chain management13%21%
Cancer care4%12%

As the technology becomes more developed and widespread, it’s expected that AI could help diagnose strokes, eye disease, heart disease, skin cancer, and other conditions.

Virtual Healthcare

Also known as telehealth or telemedicine, virtual healthcare allows patients and doctors to touch base remotely using technology such as video conferencing or mobile apps. Many patients are also becoming comfortable using wearable technology to monitor any changes in their health – and sharing that data with their physicians.

Convenience, ease of use, and travel times to their closest doctor are main reasons why patients choose virtual care. On the flip side, many are concerned about the quality of care, or fear a loss of a personal connection with a doctor.

If all patients chose virtual healthcare over face-to-face visits, it could save the U.S. health system $7 billion annually – while the time savings would โ€œfree upโ€ the equivalent of 37,000 doctors.

Nanomedicine

Nanomedicine is rapidly evolving field which controls individual atoms and molecules at the extremely minute “nanoscale” of 1 to 100 nanometers. To put that into perspective, a single newspaper sheet is about 100,000 nm thick.

Nanomedicine is mainly used to effectively diagnose, treat, and prevent various diseases. Compared to conventional medicines, it’s much better at precise targeting and delivery systems, paving the way towards combating complex conditions such as cancer.

The global nanomedicine market could be worth over $350 billion by 2025.

Virtual Reality

Although itโ€™s normally been associated with entertainment, virtual reality is making waves in healthcare as well. The multi-sensory, immersive experience that VR provides can benefit both physicians and patients:

  • Healthcare worker training
    VR can be used to train surgeons in a realistic and low-risk simulated environment.
  • Physical and mental health
    VR offers therapeutic potential and rehabilitation for acute pain and anxiety disorders.

VR is thus considered a cost-effective and efficient tool for both teaching and treatment, and the VR healthcare services market is expected to grow from $8.9 million in 2017 to an expected $285 million in 2022.

3D Printing

3D printing has come a long way since its debut, especially in its uses in the healthcare industry. The technology offers faster prototypes, creating everything from personalized prosthetics to โ€œpoly-pillsโ€ at a fraction of the cost.

The customizable aspect of 3D printing is revolutionizing organ transplants and tissue repair, and it’s even able to produce realistic skin for burn victims.

Robot-Assisted Surgery

Last but certainly not least, robotic surgery is sweeping through hospitals. It allows doctors to perform delicate and complex procedures that might be otherwise impossible.

Typically, surgeons control a device with a camera and mechanical arms, giving them a high-def view of the surgical site. According to the Mayo Clinic, this method generally:

  • Enhances precision, flexibility, and control
  • Comes with fewer complications such as infections
  • Results in less obvious scars as it is minimally invasive

While technological adoption into the medical field doesnโ€™t come without challenges, the value is clear – and weโ€™ve barely scratched the surface of tech-driven possibilities in the healthcare industry.

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Countries

Charted: The Worldโ€™s Aging Population from 1950 to 2100

This graphic visualizes the worldโ€™s aging population, showing data for every country and territory around the world.

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Charted: The Worldโ€™s Aging Population from 1950 to 2100

As demographics continue to shift in the 21st century, the worldโ€™s aging population will continue to be a focal point for many global decision makers.

Most countries around the world have experienced population explosions, or are about to. Combine this with declining birth rates and falling mortality rates, and it’s clear that the global senior population will continue to reach new heights.

These graphics by Pablo Alvarez use data from the 2022 UN World Population Prospects to visualize this increasing aging population across countries.

The Worldโ€™s Aging Population from 1950 to 2100

In 2022, there were 771 million people aged 65+ years globally, accounting for almost 10% of the world’s population.

This segment has been growing at an increasing rate, and it’s expected to hit 16% in 2050, and eventually 24% by 2100. Here’s what that’s projected to look like, for every country and territory.

Country by Population Aged +65 Years195020222100
๐Ÿ‡ฆ๐Ÿ‡ซ Afghanistan2.85%2.39%16.03%
๐Ÿ‡ฆ๐Ÿ‡ฑ Albania6.04%16.66%49.08%
๐Ÿ‡ฉ๐Ÿ‡ฟ Algeria3.49%6.39%28.83%
๐Ÿ‡ฆ๐Ÿ‡ธ American Samoa2.38%7.27%45.41%
๐Ÿ‡ฆ๐Ÿ‡ฉ Andorra10.02%14.98%37.04%
๐Ÿ‡ฆ๐Ÿ‡ด Angola2.93%2.6%12.07%
๐Ÿ‡ฆ๐Ÿ‡ฎ Anguilla3.69%10.71%37.49%
๐Ÿ‡ฆ๐Ÿ‡ฌ Antigua and Barbuda4.14%10.63%35.4%
๐Ÿ‡ฆ๐Ÿ‡ท Argentina4.13%11.92%31.79%
๐Ÿ‡ฆ๐Ÿ‡ฒ Armenia8.17%13.15%36.13%
๐Ÿ‡ฆ๐Ÿ‡ผ Aruba1.77%16.15%36.51%
๐Ÿ‡ฆ๐Ÿ‡บ Australia8.17%16.9%31.38%
๐Ÿ‡ฆ๐Ÿ‡น Austria10.42%19.81%33.93%
๐Ÿ‡ฆ๐Ÿ‡ฟ Azerbaijan6.89%7.11%30.5%
๐Ÿ‡ง๐Ÿ‡ธ Bahamas4.76%8.89%29.58%
๐Ÿ‡ง๐Ÿ‡ญ Bahrain2.88%3.76%21.89%
๐Ÿ‡ง๐Ÿ‡ฉ Bangladesh3.9%6.04%32.56%
๐Ÿ‡ง๐Ÿ‡ง Barbados5.24%16.28%33.19%
๐Ÿ‡ง๐Ÿ‡พ Belarus8.24%17.18%30.45%
๐Ÿ‡ง๐Ÿ‡ช Belgium11.03%19.73%32.83%
๐Ÿ‡ง๐Ÿ‡ฟ Belize3.57%5.09%29.21%
๐Ÿ‡ง๐Ÿ‡ฏ Benin7.85%3.06%11.03%
๐Ÿ‡ง๐Ÿ‡ฒ Bermuda5.71%20.41%37.73%
๐Ÿ‡ง๐Ÿ‡น Bhutan2.53%6.25%33.35%
๐Ÿ‡ง๐Ÿ‡ด Bolivia6.11%4.85%21.75%
๐Ÿ‡ง๐Ÿ‡ถ Bonaire Sint Eustatius and Saba14.22%13.84%28.94%
๐Ÿ‡ง๐Ÿ‡ฆ Bosnia and Herzegovina3.95%18.4%36.4%
๐Ÿ‡ง๐Ÿ‡ผ Botswana4.32%3.65%17.96%
๐Ÿ‡ง๐Ÿ‡ท Brazil2.39%9.88%33.52%
๐Ÿ‡ป๐Ÿ‡ฌ British Virgin Islands8.63%9.95%32.47%
๐Ÿ‡ง๐Ÿ‡ณ Brunei4.85%6.17%30.93%
๐Ÿ‡ง๐Ÿ‡ฌ Bulgaria6.66%22.38%37.13%
๐Ÿ‡ง๐Ÿ‡ซ Burkina Faso2.01%2.53%13.07%
๐Ÿ‡ง๐Ÿ‡ฎ Burundi3.22%2.48%13.23%
๐Ÿ‡ฐ๐Ÿ‡ญ Cambodia2.67%5.81%26.43%
๐Ÿ‡จ๐Ÿ‡ฒ Cameroon3.47%2.67%11.89%
๐Ÿ‡จ๐Ÿ‡ฆ Canada7.7%19.03%31.55%
๐Ÿ‡จ๐Ÿ‡ป Cape Verde3.67%5.55%32.63%
๐Ÿ‡ฐ๐Ÿ‡พ Cayman Islands6.05%8.17%28.75%
๐Ÿ‡จ๐Ÿ‡ซ Central African Republic5.%2.51%11.43%
๐Ÿ‡น๐Ÿ‡ฉ Chad4.33%2.01%9.64%
๐Ÿ‡จ๐Ÿ‡ฑ Chile3.3%13.03%36.61%
๐Ÿ‡จ๐Ÿ‡ณ China5.04%13.72%40.93%
๐Ÿ‡จ๐Ÿ‡ด Colombia3.22%9.%34.49%
๐Ÿ‡ฐ๐Ÿ‡ฒ Comoros3.8%4.28%17.81%
๐Ÿ‡จ๐Ÿ‡ฌ Congo3.36%2.72%11.99%
๐Ÿ‡จ๐Ÿ‡ฐ Cook Islands2.94%11.73%29.75%
๐Ÿ‡จ๐Ÿ‡ท Costa Rica2.97%10.83%36.99%
๐Ÿ‡จ๐Ÿ‡ฎ Cote d'Ivoire2.21%2.4%10.86%
๐Ÿ‡ญ๐Ÿ‡ท Croatia7.82%22.36%37.03%
๐Ÿ‡จ๐Ÿ‡บ Cuba4.36%15.81%36.31%
๐Ÿ‡จ๐Ÿ‡ผ Curacao5.82%14.95%30.46%
๐Ÿ‡จ๐Ÿ‡พ Cyprus5.95%14.83%33.36%
๐Ÿ‡จ๐Ÿ‡ฟ Czechia8.29%20.64%26.94%
๐Ÿ‡จ๐Ÿ‡ฉ Democratic Republic of Congo3.77%2.92%10.62%
๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark9.04%20.49%30.45%
๐Ÿ‡ฉ๐Ÿ‡ฏ Djibouti1.99%4.54%19.68%
๐Ÿ‡ฉ๐Ÿ‡ฒ Dominica7.67%9.53%34.28%
๐Ÿ‡ฉ๐Ÿ‡ด Dominican Republic2.72%7.4%30.47%
๐Ÿ‡ช๐Ÿ‡จ Ecuador5.2%7.83%31.97%
๐Ÿ‡ช๐Ÿ‡ฌ Egypt2.95%4.83%21.77%
๐Ÿ‡ธ๐Ÿ‡ป El Salvador3.93%8.22%36.02%
๐Ÿ‡ฌ๐Ÿ‡ถ Equatorial Guinea5.53%3.12%15.13%
๐Ÿ‡ช๐Ÿ‡ท Eritrea3.2%4.01%19.86%
๐Ÿ‡ช๐Ÿ‡ช Estonia10.56%20.58%34.15%
๐Ÿ‡ธ๐Ÿ‡ฟ Eswatini2.68%4.%16.26%
๐Ÿ‡ช๐Ÿ‡น Ethiopia3.01%3.14%18.6%
๐Ÿ‡ซ๐Ÿ‡ด Faeroe Islands7.59%17.92%26.91%
๐Ÿ‡ซ๐Ÿ‡ฐ Falkland Islands8.27%11.08%35.86%
๐Ÿ‡ซ๐Ÿ‡ฏ Fiji5.99%5.9%20.6%
๐Ÿ‡ซ๐Ÿ‡ฎ Finland6.63%23.27%34.04%
๐Ÿ‡ซ๐Ÿ‡ท France11.39%21.66%34.23%
๐Ÿ‡ฌ๐Ÿ‡ซ French Guiana7.96%5.98%21.13%
๐Ÿ‡ต๐Ÿ‡ซ French Polynesia3.%10.07%37.85%
๐Ÿ‡ฌ๐Ÿ‡ฆ Gabon7.21%3.89%16.25%
๐Ÿ‡ฌ๐Ÿ‡ฒ Gambia2.5%2.43%16.06%
๐Ÿ‡ฌ๐Ÿ‡ช Georgia9.35%14.61%31.19%
๐Ÿ‡ฉ๐Ÿ‡ช Germany9.46%22.41%33.72%
๐Ÿ‡ฌ๐Ÿ‡ญ Ghana4.62%3.55%15.91%
๐Ÿ‡ฌ๐Ÿ‡ฎ Gibraltar6.94%20.84%37.63%
๐Ÿ‡ฌ๐Ÿ‡ท Greece6.8%22.82%37.52%
๐Ÿ‡ฌ๐Ÿ‡ฑ Greenland3.06%10.02%29.16%
๐Ÿ‡ฌ๐Ÿ‡ฉ Grenada5.12%10.07%30.54%
๐Ÿ‡ฌ๐Ÿ‡ต Guadeloupe5.51%20.04%34.45%
๐Ÿ‡ฌ๐Ÿ‡บ Guam1.11%11.84%31.19%
๐Ÿ‡ฌ๐Ÿ‡น Guatemala2.31%4.91%28.05%
๐Ÿ‡ฌ๐Ÿ‡ฌ Guernsey11.96%16.64%35.4%
๐Ÿ‡ฌ๐Ÿ‡ณ Guinea5.39%3.32%14.%
๐Ÿ‡ฌ๐Ÿ‡ผ Guinea-Bissau3.45%2.82%14.34%
๐Ÿ‡ฌ๐Ÿ‡พ Guyana3.89%6.28%28.94%
๐Ÿ‡ญ๐Ÿ‡น Haiti3.64%4.54%19.07%
๐Ÿ‡ญ๐Ÿ‡ณ Honduras3.96%4.27%26.5%
๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong2.48%20.47%41.64%
๐Ÿ‡ญ๐Ÿ‡บ Hungary7.81%20.01%31.85%
๐Ÿ‡ฎ๐Ÿ‡ธ Iceland7.52%15.33%34.25%
๐Ÿ‡ฎ๐Ÿ‡ณ India3.1%6.9%29.81%
๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia1.74%6.86%25.28%
๐Ÿ‡ฎ๐Ÿ‡ท Iran5.22%7.62%33.72%
๐Ÿ‡ฎ๐Ÿ‡ถ Iraq2.79%3.41%18.44%
๐Ÿ‡ฎ๐Ÿ‡ช Ireland10.99%15.14%32.48%
๐Ÿ‡ฎ๐Ÿ‡ฒ Isle of Man13.9%22.29%31.8%
๐Ÿ‡ฎ๐Ÿ‡ฑ Israel4.%12.04%25.97%
๐Ÿ‡ฎ๐Ÿ‡น Italy8.09%24.05%38.19%
๐Ÿ‡ฏ๐Ÿ‡ฒ Jamaica3.83%7.45%44.05%
๐Ÿ‡ฏ๐Ÿ‡ต Japan4.89%29.92%38.7%
๐Ÿ‡ฏ๐Ÿ‡ช Jersey12.34%16.22%30.52%
๐Ÿ‡ฏ๐Ÿ‡ด Jordan5.03%3.84%27.3%
๐Ÿ‡ฐ๐Ÿ‡ฟ Kazakhstan6.47%8.04%19.58%
๐Ÿ‡ฐ๐Ÿ‡ช Kenya5.28%2.87%16.98%
๐Ÿ‡ฐ๐Ÿ‡ฎ Kiribati7.13%3.81%17.33%
๐Ÿ‡ฝ๐Ÿ‡ฐ Kosovo5.33%10.19%43.35%
๐Ÿ‡ฐ๐Ÿ‡ผ Kuwait2.88%4.93%31.56%
๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan7.91%4.54%21.08%
๐Ÿ‡ฑ๐Ÿ‡ฆ Laos2.13%4.45%25.24%
๐Ÿ‡ฑ๐Ÿ‡ป Latvia10.12%21.86%32.86%
๐Ÿ‡ฑ๐Ÿ‡ง Lebanon7.24%9.89%32.11%
๐Ÿ‡ฑ๐Ÿ‡ธ Lesotho6.34%4.2%13.44%
๐Ÿ‡ฑ๐Ÿ‡ท Liberia2.97%3.31%13.88%
๐Ÿ‡ฑ๐Ÿ‡พ Libya5.21%4.86%27.77%
๐Ÿ‡ฑ๐Ÿ‡ฎ Liechtenstein7.89%19.37%34.79%
๐Ÿ‡ฑ๐Ÿ‡น Lithuania8.65%20.8%32.79%
๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg9.71%15.03%31.55%
๐Ÿ‡ฒ๐Ÿ‡ด Macao3.11%13.%32.39%
๐Ÿ‡ฒ๐Ÿ‡ฌ Madagascar3.25%3.35%16.21%
๐Ÿ‡ฒ๐Ÿ‡ผ Malawi3.06%2.61%15.61%
๐Ÿ‡ฒ๐Ÿ‡พ Malaysia4.91%7.5%30.78%
๐Ÿ‡ฒ๐Ÿ‡ป Maldives3.14%4.78%35.61%
๐Ÿ‡ฒ๐Ÿ‡ฑ Mali2.78%2.38%11.%
๐Ÿ‡ฒ๐Ÿ‡น Malta7.42%19.13%38.26%
๐Ÿ‡ฒ๐Ÿ‡ญ Marshall Islands5.68%4.56%17.8%
๐Ÿ‡ฒ๐Ÿ‡ถ Martinique5.85%22.77%37.31%
๐Ÿ‡ฒ๐Ÿ‡ท Mauritania1.44%3.22%15.03%
๐Ÿ‡ฒ๐Ÿ‡บ Mauritius3.18%12.79%33.76%
๐Ÿ‡พ๐Ÿ‡น Mayotte6.61%2.88%18.15%
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico2.99%8.32%34.88%
๐Ÿ‡ซ๐Ÿ‡ฒ Micronesia (country)4.11%6.16%27.59%
๐Ÿ‡ฒ๐Ÿ‡ฉ Moldova7.56%12.98%26.36%
๐Ÿ‡ฒ๐Ÿ‡จ Monaco15.64%35.92%30.16%
๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia3.87%4.61%26.18%
๐Ÿ‡ฒ๐Ÿ‡ช Montenegro7.85%16.55%34.16%
๐Ÿ‡ฒ๐Ÿ‡ธ Montserrat7.92%17.7%33.05%
๐Ÿ‡ฒ๐Ÿ‡ฆ Morocco2.86%7.72%29.97%
๐Ÿ‡ฒ๐Ÿ‡ฟ Mozambique3.13%2.57%13.43%
๐Ÿ‡ฒ๐Ÿ‡ฒ Myanmar3.21%6.82%23.69%
๐Ÿ‡ณ๐Ÿ‡ฆ Namibia4.1%3.97%15.38%
๐Ÿ‡ณ๐Ÿ‡ท Nauru8.98%2.5%15.87%
๐Ÿ‡ณ๐Ÿ‡ต Nepal2.74%6.09%29.51%
๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands7.76%20.31%32.89%
๐Ÿ‡ณ๐Ÿ‡จ New Caledonia5.%11.02%31.61%
๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand9.09%16.31%33.2%
๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua2.71%5.29%28.92%
๐Ÿ‡ณ๐Ÿ‡ช Niger.92%2.4%9.76%
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria3.%2.97%12.31%
๐Ÿ‡ณ๐Ÿ‡บ Niue4.79%15.16%22.55%
๐Ÿ‡ฐ๐Ÿ‡ต North Korea2.72%11.71%30.49%
๐Ÿ‡ฒ๐Ÿ‡ฐ North Macedonia5.87%14.91%36.56%
๐Ÿ‡ฒ๐Ÿ‡ต Northern Mariana Islands2.95%10.81%32.09%
๐Ÿ‡ณ๐Ÿ‡ด Norway9.52%18.44%31.65%
๐Ÿ‡ด๐Ÿ‡ฒ Oman3.05%2.76%23.96%
๐Ÿ‡ต๐Ÿ‡ฐ Pakistan5.48%4.27%17.23%
๐Ÿ‡ต๐Ÿ‡ผ Palau8.59%9.93%21.48%
๐Ÿ‡ต๐Ÿ‡ธ Palestine4.77%3.53%23.44%
๐Ÿ‡ต๐Ÿ‡ฆ Panama3.57%8.77%30.03%
๐Ÿ‡ต๐Ÿ‡ฌ Papua New Guinea1.09%3.19%16.81%
๐Ÿ‡ต๐Ÿ‡พ Paraguay3.73%6.26%26.51%
๐Ÿ‡ต๐Ÿ‡ช Peru3.43%8.41%30.33%
๐Ÿ‡ต๐Ÿ‡ญ Philippines3.56%5.44%23.38%
๐Ÿ‡ต๐Ÿ‡ฑ Poland5.22%18.55%35.69%
๐Ÿ‡ต๐Ÿ‡น Portugal7.%22.9%36.28%
๐Ÿ‡ต๐Ÿ‡ท Puerto Rico3.63%22.93%48.9%
๐Ÿ‡ถ๐Ÿ‡ฆ Qatar3.5%1.52%15.01%
๐Ÿ‡ท๐Ÿ‡ช Reunion3.81%13.28%32.4%
๐Ÿ‡ท๐Ÿ‡ด Romania7.16%18.64%32.22%
๐Ÿ‡ท๐Ÿ‡บ Russia4.8%15.8%27.86%
๐Ÿ‡ท๐Ÿ‡ผ Rwanda2.76%3.2%17.36%
๐Ÿ‡ง๐Ÿ‡ฑ Saint Barthlemy7.3%10.61%43.89%
๐Ÿ‡ธ๐Ÿ‡ญ Saint Helena8.63%28.66%32.61%
๐Ÿ‡ฐ๐Ÿ‡ณ Saint Kitts and Nevis5.36%10.13%29.79%
๐Ÿ‡ฑ๐Ÿ‡จ Saint Lucia3.59%9.23%33.39%
๐Ÿ‡ฒ๐Ÿ‡ซ Saint Martin (French part)4.47%11.14%30.08%
๐Ÿ‡ต๐Ÿ‡ฒ Saint Pierre and Miquelon6.34%17.32%33.4%
๐Ÿ‡ป๐Ÿ‡จ Saint Vincent and the Grenadines7.71%10.86%32.34%
๐Ÿ‡ผ๐Ÿ‡ธ Samoa2.52%5.22%18.75%
๐Ÿ‡ธ๐Ÿ‡ฒ San Marino10.15%20.47%35.73%
๐Ÿ‡ธ๐Ÿ‡น Sao Tome and Principe3.92%3.76%15.6%
๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia3.32%2.81%30.28%
๐Ÿ‡ธ๐Ÿ‡ณ Senegal3.42%3.14%16.54%
๐Ÿ‡ท๐Ÿ‡ธ Serbia6.15%20.56%37.55%
๐Ÿ‡ธ๐Ÿ‡จ Seychelles10.68%8.16%28.84%
๐Ÿ‡ธ๐Ÿ‡ฑ Sierra Leone3.02%3.14%15.52%
๐Ÿ‡ธ๐Ÿ‡ฌ Singapore2.29%15.12%36.51%
๐Ÿ‡ธ๐Ÿ‡ฝ Sint Maarten (Dutch part)12.03%10.57%34.51%
๐Ÿ‡ธ๐Ÿ‡ฐ Slovakia6.63%16.98%33.4%
๐Ÿ‡ธ๐Ÿ‡ฎ Slovenia7.52%20.96%33.59%
๐Ÿ‡ธ๐Ÿ‡ง Solomon Islands4.03%3.47%15.29%
๐Ÿ‡ธ๐Ÿ‡ด Somalia2.6%2.57%10.75%
๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa4.06%5.89%20.55%
๐Ÿ‡ฐ๐Ÿ‡ท South Korea2.74%17.49%44.44%
๐Ÿ‡ธ๐Ÿ‡ธ South Sudan3.48%2.89%13.11%
๐Ÿ‡ช๐Ÿ‡ธ Spain7.23%20.27%38.72%
๐Ÿ‡ฑ๐Ÿ‡ฐ Sri Lanka8.76%11.54%35.73%
๐Ÿ‡ธ๐Ÿ‡ฉ Sudan3.03%3.5%13.28%
๐Ÿ‡ธ๐Ÿ‡ท Suriname4.09%7.39%25.8%
๐Ÿ‡ธ๐Ÿ‡ช Sweden10.19%20.25%31.83%
๐Ÿ‡จ๐Ÿ‡ญ Switzerland9.49%19.31%32.61%
๐Ÿ‡ธ๐Ÿ‡พ Syria7.66%4.68%24.62%
๐Ÿ‡น๐Ÿ‡ผ Taiwan2.11%16.71%37.32%
๐Ÿ‡น๐Ÿ‡ฏ Tajikistan4.34%3.47%19.43%
๐Ÿ‡น๐Ÿ‡ฟ Tanzania2.2%3.1%14.97%
๐Ÿ‡น๐Ÿ‡ญ Thailand3.21%15.21%39.17%
๐Ÿ‡น๐Ÿ‡ฑ Timor3.14%5.21%25.42%
๐Ÿ‡น๐Ÿ‡ฌ Togo4.29%3.13%11.77%
๐Ÿ‡น๐Ÿ‡ฐ Tokelau4.7%8.66%25.03%
๐Ÿ‡น๐Ÿ‡ด Tonga4.6%6.22%21.65%
๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago3.93%11.52%32.67%
๐Ÿ‡น๐Ÿ‡ณ Tunisia4.4%9.02%31.24%
๐Ÿ‡น๐Ÿ‡ท Turkey3.77%8.64%33.9%
๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan5.84%5.15%21.55%
๐Ÿ‡น๐Ÿ‡จ Turks and Caicos Islands5.79%10.34%28.25%
๐Ÿ‡น๐Ÿ‡ป Tuvalu4.98%6.48%16.15%
๐Ÿ‡บ๐Ÿ‡ฌ Uganda2.87%1.69%14.33%
๐Ÿ‡บ๐Ÿ‡ฆ Ukraine7.54%18.81%33.2%
๐Ÿ‡ฆ๐Ÿ‡ช United Arab Emirates3.35%1.83%15.77%
๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom10.84%19.17%32.56%
๐Ÿ‡บ๐Ÿ‡ธ United States8.18%17.13%30.47%
๐Ÿ‡ป๐Ÿ‡ฎ United States Virgin Islands7.54%20.42%39.11%
๐Ÿ‡บ๐Ÿ‡พ Uruguay8.23%15.58%35.98%
๐Ÿ‡บ๐Ÿ‡ฟ Uzbekistan5.87%5.14%22.24%
๐Ÿ‡ป๐Ÿ‡บ Vanuatu5.65%3.74%16.29%
๐Ÿ‡ป๐Ÿ‡ช Venezuela2.29%8.61%27.71%
๐Ÿ‡ป๐Ÿ‡ณ Vietnam4.13%9.12%30.02%
๐Ÿ‡ผ๐Ÿ‡ซ Wallis and Futuna1.76%13.47%32.98%
๐Ÿ‡ช๐Ÿ‡ญ Western Sahara2.82%5.84%23.73%
๐Ÿ‡พ๐Ÿ‡ช Yemen3.98%2.66%18.25%
๐Ÿ‡ฟ๐Ÿ‡ฒ Zambia2.76%1.75%12.66%
๐Ÿ‡ฟ๐Ÿ‡ผ Zimbabwe3.18%3.32%14.22%
๐ŸŒ World5.13%9.82%24.03%

Some of the places with high elderly shares today include high-income countries like Japan (30%), Italy (24%), and Finland (23%).

The lowest shares are concentrated in the Middle East and Africa. Many countries have just 2% of their population aged 65 years and older, such as Qatar, Uganda, and Afghanistan.

But over time, almost all countries are expected to see their older population segments grow. In just three decades, it is estimated that one-in-four European, North American, and Asian residents will be over 65 years of age.

By 2100, a variety of Asian countries and island nations facing low population growth are expected to see more than one-third of their populations aged 65 years or older, including South Korea and Jamaica at 44%. However, it’s actually Albania that’s the biggest outlier overall, with a projected 49% of its population to be aged 65 and older by 2100.

Passing the Generational Torch

The challenge of an aging population is set to impact all sectors of society, including labor and financial markets, demand for housing and transportation, and especially family structures and intergenerational ties.

One way to help grasp the nature of transition is to note the changing ratio between seniors and young children in the world population, as seen in the below crossover diagram:

Elderly population surpass that of children aged 5 and below

Dropping fertility rates, in addition to improved child and infant mortality rates, are known to have played a major role in the plateauing population of children.

However, not all countries have witnessed this crossover yet, as it usually coincides with higher levels of economic development.

As countries such as India, Brazil, and South Africa reach higher levels of per capita income, they will be likely to follow down the paths of more advanced economies, eventually experiencing similar demographic fates and challenges.

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