Healthcare
5 Ways Technology is Transforming the Healthcare Industry
5 Ways Tech is Transforming the Healthcare Industry
Whether it’s information-sharing between patients and doctors or aiding in a high-risk surgery, it’s clear that dynamic applications of technology are well underway in disrupting the healthcare industry.
TECH AT OUR FINGERTIPS
Today’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 AI | Adoption (2017) | Adoption (2018E) |
|---|---|---|
| Clinical decision support | 46% | 59% |
| Population health | 33% | 46% |
| Disease management | 29% | 42% |
| Re-admissions | 33% | 41% |
| Medical costs / health plan | 21% | 38% |
| Patient safety and quality | 25% | 33% |
| Supply chain management | 13% | 21% |
| Cancer care | 4% | 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 “free up” 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 it’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 “poly-pills” 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 doesn’t come without challenges, the value is clear – and we’ve barely scratched the surface of tech-driven possibilities in the healthcare industry.
Countries
Charted: The World’s Aging Population from 1950 to 2100
This graphic visualizes the world’s aging population, showing data for every country and territory around the world.
Creator Program
Charted: The World’s Aging Population from 1950 to 2100
As demographics continue to shift in the 21st century, the world’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 World’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 Years | 1950 | 2022 | 2100 |
|---|---|---|---|
| 🇦🇫 Afghanistan | 2.85% | 2.39% | 16.03% |
| 🇦🇱 Albania | 6.04% | 16.66% | 49.08% |
| 🇩🇿 Algeria | 3.49% | 6.39% | 28.83% |
| 🇦🇸 American Samoa | 2.38% | 7.27% | 45.41% |
| 🇦🇩 Andorra | 10.02% | 14.98% | 37.04% |
| 🇦🇴 Angola | 2.93% | 2.6% | 12.07% |
| 🇦🇮 Anguilla | 3.69% | 10.71% | 37.49% |
| 🇦🇬 Antigua and Barbuda | 4.14% | 10.63% | 35.4% |
| 🇦🇷 Argentina | 4.13% | 11.92% | 31.79% |
| 🇦🇲 Armenia | 8.17% | 13.15% | 36.13% |
| 🇦🇼 Aruba | 1.77% | 16.15% | 36.51% |
| 🇦🇺 Australia | 8.17% | 16.9% | 31.38% |
| 🇦🇹 Austria | 10.42% | 19.81% | 33.93% |
| 🇦🇿 Azerbaijan | 6.89% | 7.11% | 30.5% |
| 🇧🇸 Bahamas | 4.76% | 8.89% | 29.58% |
| 🇧🇭 Bahrain | 2.88% | 3.76% | 21.89% |
| 🇧🇩 Bangladesh | 3.9% | 6.04% | 32.56% |
| 🇧🇧 Barbados | 5.24% | 16.28% | 33.19% |
| 🇧🇾 Belarus | 8.24% | 17.18% | 30.45% |
| 🇧🇪 Belgium | 11.03% | 19.73% | 32.83% |
| 🇧🇿 Belize | 3.57% | 5.09% | 29.21% |
| 🇧🇯 Benin | 7.85% | 3.06% | 11.03% |
| 🇧🇲 Bermuda | 5.71% | 20.41% | 37.73% |
| 🇧🇹 Bhutan | 2.53% | 6.25% | 33.35% |
| 🇧🇴 Bolivia | 6.11% | 4.85% | 21.75% |
| 🇧🇶 Bonaire Sint Eustatius and Saba | 14.22% | 13.84% | 28.94% |
| 🇧🇦 Bosnia and Herzegovina | 3.95% | 18.4% | 36.4% |
| 🇧🇼 Botswana | 4.32% | 3.65% | 17.96% |
| 🇧🇷 Brazil | 2.39% | 9.88% | 33.52% |
| 🇻🇬 British Virgin Islands | 8.63% | 9.95% | 32.47% |
| 🇧🇳 Brunei | 4.85% | 6.17% | 30.93% |
| 🇧🇬 Bulgaria | 6.66% | 22.38% | 37.13% |
| 🇧🇫 Burkina Faso | 2.01% | 2.53% | 13.07% |
| 🇧🇮 Burundi | 3.22% | 2.48% | 13.23% |
| 🇰🇭 Cambodia | 2.67% | 5.81% | 26.43% |
| 🇨🇲 Cameroon | 3.47% | 2.67% | 11.89% |
| 🇨🇦 Canada | 7.7% | 19.03% | 31.55% |
| 🇨🇻 Cape Verde | 3.67% | 5.55% | 32.63% |
| 🇰🇾 Cayman Islands | 6.05% | 8.17% | 28.75% |
| 🇨🇫 Central African Republic | 5.% | 2.51% | 11.43% |
| 🇹🇩 Chad | 4.33% | 2.01% | 9.64% |
| 🇨🇱 Chile | 3.3% | 13.03% | 36.61% |
| 🇨🇳 China | 5.04% | 13.72% | 40.93% |
| 🇨🇴 Colombia | 3.22% | 9.% | 34.49% |
| 🇰🇲 Comoros | 3.8% | 4.28% | 17.81% |
| 🇨🇬 Congo | 3.36% | 2.72% | 11.99% |
| 🇨🇰 Cook Islands | 2.94% | 11.73% | 29.75% |
| 🇨🇷 Costa Rica | 2.97% | 10.83% | 36.99% |
| 🇨🇮 Cote d'Ivoire | 2.21% | 2.4% | 10.86% |
| 🇭🇷 Croatia | 7.82% | 22.36% | 37.03% |
| 🇨🇺 Cuba | 4.36% | 15.81% | 36.31% |
| 🇨🇼 Curacao | 5.82% | 14.95% | 30.46% |
| 🇨🇾 Cyprus | 5.95% | 14.83% | 33.36% |
| 🇨🇿 Czechia | 8.29% | 20.64% | 26.94% |
| 🇨🇩 Democratic Republic of Congo | 3.77% | 2.92% | 10.62% |
| 🇩🇰 Denmark | 9.04% | 20.49% | 30.45% |
| 🇩🇯 Djibouti | 1.99% | 4.54% | 19.68% |
| 🇩🇲 Dominica | 7.67% | 9.53% | 34.28% |
| 🇩🇴 Dominican Republic | 2.72% | 7.4% | 30.47% |
| 🇪🇨 Ecuador | 5.2% | 7.83% | 31.97% |
| 🇪🇬 Egypt | 2.95% | 4.83% | 21.77% |
| 🇸🇻 El Salvador | 3.93% | 8.22% | 36.02% |
| 🇬🇶 Equatorial Guinea | 5.53% | 3.12% | 15.13% |
| 🇪🇷 Eritrea | 3.2% | 4.01% | 19.86% |
| 🇪🇪 Estonia | 10.56% | 20.58% | 34.15% |
| 🇸🇿 Eswatini | 2.68% | 4.% | 16.26% |
| 🇪🇹 Ethiopia | 3.01% | 3.14% | 18.6% |
| 🇫🇴 Faeroe Islands | 7.59% | 17.92% | 26.91% |
| 🇫🇰 Falkland Islands | 8.27% | 11.08% | 35.86% |
| 🇫🇯 Fiji | 5.99% | 5.9% | 20.6% |
| 🇫🇮 Finland | 6.63% | 23.27% | 34.04% |
| 🇫🇷 France | 11.39% | 21.66% | 34.23% |
| 🇬🇫 French Guiana | 7.96% | 5.98% | 21.13% |
| 🇵🇫 French Polynesia | 3.% | 10.07% | 37.85% |
| 🇬🇦 Gabon | 7.21% | 3.89% | 16.25% |
| 🇬🇲 Gambia | 2.5% | 2.43% | 16.06% |
| 🇬🇪 Georgia | 9.35% | 14.61% | 31.19% |
| 🇩🇪 Germany | 9.46% | 22.41% | 33.72% |
| 🇬🇭 Ghana | 4.62% | 3.55% | 15.91% |
| 🇬🇮 Gibraltar | 6.94% | 20.84% | 37.63% |
| 🇬🇷 Greece | 6.8% | 22.82% | 37.52% |
| 🇬🇱 Greenland | 3.06% | 10.02% | 29.16% |
| 🇬🇩 Grenada | 5.12% | 10.07% | 30.54% |
| 🇬🇵 Guadeloupe | 5.51% | 20.04% | 34.45% |
| 🇬🇺 Guam | 1.11% | 11.84% | 31.19% |
| 🇬🇹 Guatemala | 2.31% | 4.91% | 28.05% |
| 🇬🇬 Guernsey | 11.96% | 16.64% | 35.4% |
| 🇬🇳 Guinea | 5.39% | 3.32% | 14.% |
| 🇬🇼 Guinea-Bissau | 3.45% | 2.82% | 14.34% |
| 🇬🇾 Guyana | 3.89% | 6.28% | 28.94% |
| 🇭🇹 Haiti | 3.64% | 4.54% | 19.07% |
| 🇭🇳 Honduras | 3.96% | 4.27% | 26.5% |
| 🇭🇰 Hong Kong | 2.48% | 20.47% | 41.64% |
| 🇭🇺 Hungary | 7.81% | 20.01% | 31.85% |
| 🇮🇸 Iceland | 7.52% | 15.33% | 34.25% |
| 🇮🇳 India | 3.1% | 6.9% | 29.81% |
| 🇮🇩 Indonesia | 1.74% | 6.86% | 25.28% |
| 🇮🇷 Iran | 5.22% | 7.62% | 33.72% |
| 🇮🇶 Iraq | 2.79% | 3.41% | 18.44% |
| 🇮🇪 Ireland | 10.99% | 15.14% | 32.48% |
| 🇮🇲 Isle of Man | 13.9% | 22.29% | 31.8% |
| 🇮🇱 Israel | 4.% | 12.04% | 25.97% |
| 🇮🇹 Italy | 8.09% | 24.05% | 38.19% |
| 🇯🇲 Jamaica | 3.83% | 7.45% | 44.05% |
| 🇯🇵 Japan | 4.89% | 29.92% | 38.7% |
| 🇯🇪 Jersey | 12.34% | 16.22% | 30.52% |
| 🇯🇴 Jordan | 5.03% | 3.84% | 27.3% |
| 🇰🇿 Kazakhstan | 6.47% | 8.04% | 19.58% |
| 🇰🇪 Kenya | 5.28% | 2.87% | 16.98% |
| 🇰🇮 Kiribati | 7.13% | 3.81% | 17.33% |
| 🇽🇰 Kosovo | 5.33% | 10.19% | 43.35% |
| 🇰🇼 Kuwait | 2.88% | 4.93% | 31.56% |
| 🇰🇬 Kyrgyzstan | 7.91% | 4.54% | 21.08% |
| 🇱🇦 Laos | 2.13% | 4.45% | 25.24% |
| 🇱🇻 Latvia | 10.12% | 21.86% | 32.86% |
| 🇱🇧 Lebanon | 7.24% | 9.89% | 32.11% |
| 🇱🇸 Lesotho | 6.34% | 4.2% | 13.44% |
| 🇱🇷 Liberia | 2.97% | 3.31% | 13.88% |
| 🇱🇾 Libya | 5.21% | 4.86% | 27.77% |
| 🇱🇮 Liechtenstein | 7.89% | 19.37% | 34.79% |
| 🇱🇹 Lithuania | 8.65% | 20.8% | 32.79% |
| 🇱🇺 Luxembourg | 9.71% | 15.03% | 31.55% |
| 🇲🇴 Macao | 3.11% | 13.% | 32.39% |
| 🇲🇬 Madagascar | 3.25% | 3.35% | 16.21% |
| 🇲🇼 Malawi | 3.06% | 2.61% | 15.61% |
| 🇲🇾 Malaysia | 4.91% | 7.5% | 30.78% |
| 🇲🇻 Maldives | 3.14% | 4.78% | 35.61% |
| 🇲🇱 Mali | 2.78% | 2.38% | 11.% |
| 🇲🇹 Malta | 7.42% | 19.13% | 38.26% |
| 🇲🇭 Marshall Islands | 5.68% | 4.56% | 17.8% |
| 🇲🇶 Martinique | 5.85% | 22.77% | 37.31% |
| 🇲🇷 Mauritania | 1.44% | 3.22% | 15.03% |
| 🇲🇺 Mauritius | 3.18% | 12.79% | 33.76% |
| 🇾🇹 Mayotte | 6.61% | 2.88% | 18.15% |
| 🇲🇽 Mexico | 2.99% | 8.32% | 34.88% |
| 🇫🇲 Micronesia (country) | 4.11% | 6.16% | 27.59% |
| 🇲🇩 Moldova | 7.56% | 12.98% | 26.36% |
| 🇲🇨 Monaco | 15.64% | 35.92% | 30.16% |
| 🇲🇳 Mongolia | 3.87% | 4.61% | 26.18% |
| 🇲🇪 Montenegro | 7.85% | 16.55% | 34.16% |
| 🇲🇸 Montserrat | 7.92% | 17.7% | 33.05% |
| 🇲🇦 Morocco | 2.86% | 7.72% | 29.97% |
| 🇲🇿 Mozambique | 3.13% | 2.57% | 13.43% |
| 🇲🇲 Myanmar | 3.21% | 6.82% | 23.69% |
| 🇳🇦 Namibia | 4.1% | 3.97% | 15.38% |
| 🇳🇷 Nauru | 8.98% | 2.5% | 15.87% |
| 🇳🇵 Nepal | 2.74% | 6.09% | 29.51% |
| 🇳🇱 Netherlands | 7.76% | 20.31% | 32.89% |
| 🇳🇨 New Caledonia | 5.% | 11.02% | 31.61% |
| 🇳🇿 New Zealand | 9.09% | 16.31% | 33.2% |
| 🇳🇮 Nicaragua | 2.71% | 5.29% | 28.92% |
| 🇳🇪 Niger | .92% | 2.4% | 9.76% |
| 🇳🇬 Nigeria | 3.% | 2.97% | 12.31% |
| 🇳🇺 Niue | 4.79% | 15.16% | 22.55% |
| 🇰🇵 North Korea | 2.72% | 11.71% | 30.49% |
| 🇲🇰 North Macedonia | 5.87% | 14.91% | 36.56% |
| 🇲🇵 Northern Mariana Islands | 2.95% | 10.81% | 32.09% |
| 🇳🇴 Norway | 9.52% | 18.44% | 31.65% |
| 🇴🇲 Oman | 3.05% | 2.76% | 23.96% |
| 🇵🇰 Pakistan | 5.48% | 4.27% | 17.23% |
| 🇵🇼 Palau | 8.59% | 9.93% | 21.48% |
| 🇵🇸 Palestine | 4.77% | 3.53% | 23.44% |
| 🇵🇦 Panama | 3.57% | 8.77% | 30.03% |
| 🇵🇬 Papua New Guinea | 1.09% | 3.19% | 16.81% |
| 🇵🇾 Paraguay | 3.73% | 6.26% | 26.51% |
| 🇵🇪 Peru | 3.43% | 8.41% | 30.33% |
| 🇵🇭 Philippines | 3.56% | 5.44% | 23.38% |
| 🇵🇱 Poland | 5.22% | 18.55% | 35.69% |
| 🇵🇹 Portugal | 7.% | 22.9% | 36.28% |
| 🇵🇷 Puerto Rico | 3.63% | 22.93% | 48.9% |
| 🇶🇦 Qatar | 3.5% | 1.52% | 15.01% |
| 🇷🇪 Reunion | 3.81% | 13.28% | 32.4% |
| 🇷🇴 Romania | 7.16% | 18.64% | 32.22% |
| 🇷🇺 Russia | 4.8% | 15.8% | 27.86% |
| 🇷🇼 Rwanda | 2.76% | 3.2% | 17.36% |
| 🇧🇱 Saint Barthlemy | 7.3% | 10.61% | 43.89% |
| 🇸🇭 Saint Helena | 8.63% | 28.66% | 32.61% |
| 🇰🇳 Saint Kitts and Nevis | 5.36% | 10.13% | 29.79% |
| 🇱🇨 Saint Lucia | 3.59% | 9.23% | 33.39% |
| 🇲🇫 Saint Martin (French part) | 4.47% | 11.14% | 30.08% |
| 🇵🇲 Saint Pierre and Miquelon | 6.34% | 17.32% | 33.4% |
| 🇻🇨 Saint Vincent and the Grenadines | 7.71% | 10.86% | 32.34% |
| 🇼🇸 Samoa | 2.52% | 5.22% | 18.75% |
| 🇸🇲 San Marino | 10.15% | 20.47% | 35.73% |
| 🇸🇹 Sao Tome and Principe | 3.92% | 3.76% | 15.6% |
| 🇸🇦 Saudi Arabia | 3.32% | 2.81% | 30.28% |
| 🇸🇳 Senegal | 3.42% | 3.14% | 16.54% |
| 🇷🇸 Serbia | 6.15% | 20.56% | 37.55% |
| 🇸🇨 Seychelles | 10.68% | 8.16% | 28.84% |
| 🇸🇱 Sierra Leone | 3.02% | 3.14% | 15.52% |
| 🇸🇬 Singapore | 2.29% | 15.12% | 36.51% |
| 🇸🇽 Sint Maarten (Dutch part) | 12.03% | 10.57% | 34.51% |
| 🇸🇰 Slovakia | 6.63% | 16.98% | 33.4% |
| 🇸🇮 Slovenia | 7.52% | 20.96% | 33.59% |
| 🇸🇧 Solomon Islands | 4.03% | 3.47% | 15.29% |
| 🇸🇴 Somalia | 2.6% | 2.57% | 10.75% |
| 🇿🇦 South Africa | 4.06% | 5.89% | 20.55% |
| 🇰🇷 South Korea | 2.74% | 17.49% | 44.44% |
| 🇸🇸 South Sudan | 3.48% | 2.89% | 13.11% |
| 🇪🇸 Spain | 7.23% | 20.27% | 38.72% |
| 🇱🇰 Sri Lanka | 8.76% | 11.54% | 35.73% |
| 🇸🇩 Sudan | 3.03% | 3.5% | 13.28% |
| 🇸🇷 Suriname | 4.09% | 7.39% | 25.8% |
| 🇸🇪 Sweden | 10.19% | 20.25% | 31.83% |
| 🇨🇭 Switzerland | 9.49% | 19.31% | 32.61% |
| 🇸🇾 Syria | 7.66% | 4.68% | 24.62% |
| 🇹🇼 Taiwan | 2.11% | 16.71% | 37.32% |
| 🇹🇯 Tajikistan | 4.34% | 3.47% | 19.43% |
| 🇹🇿 Tanzania | 2.2% | 3.1% | 14.97% |
| 🇹🇭 Thailand | 3.21% | 15.21% | 39.17% |
| 🇹🇱 Timor | 3.14% | 5.21% | 25.42% |
| 🇹🇬 Togo | 4.29% | 3.13% | 11.77% |
| 🇹🇰 Tokelau | 4.7% | 8.66% | 25.03% |
| 🇹🇴 Tonga | 4.6% | 6.22% | 21.65% |
| 🇹🇹 Trinidad and Tobago | 3.93% | 11.52% | 32.67% |
| 🇹🇳 Tunisia | 4.4% | 9.02% | 31.24% |
| 🇹🇷 Turkey | 3.77% | 8.64% | 33.9% |
| 🇹🇲 Turkmenistan | 5.84% | 5.15% | 21.55% |
| 🇹🇨 Turks and Caicos Islands | 5.79% | 10.34% | 28.25% |
| 🇹🇻 Tuvalu | 4.98% | 6.48% | 16.15% |
| 🇺🇬 Uganda | 2.87% | 1.69% | 14.33% |
| 🇺🇦 Ukraine | 7.54% | 18.81% | 33.2% |
| 🇦🇪 United Arab Emirates | 3.35% | 1.83% | 15.77% |
| 🇬🇧 United Kingdom | 10.84% | 19.17% | 32.56% |
| 🇺🇸 United States | 8.18% | 17.13% | 30.47% |
| 🇻🇮 United States Virgin Islands | 7.54% | 20.42% | 39.11% |
| 🇺🇾 Uruguay | 8.23% | 15.58% | 35.98% |
| 🇺🇿 Uzbekistan | 5.87% | 5.14% | 22.24% |
| 🇻🇺 Vanuatu | 5.65% | 3.74% | 16.29% |
| 🇻🇪 Venezuela | 2.29% | 8.61% | 27.71% |
| 🇻🇳 Vietnam | 4.13% | 9.12% | 30.02% |
| 🇼🇫 Wallis and Futuna | 1.76% | 13.47% | 32.98% |
| 🇪🇭 Western Sahara | 2.82% | 5.84% | 23.73% |
| 🇾🇪 Yemen | 3.98% | 2.66% | 18.25% |
| 🇿🇲 Zambia | 2.76% | 1.75% | 12.66% |
| 🇿🇼 Zimbabwe | 3.18% | 3.32% | 14.22% |
| 🌐 World | 5.13% | 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:
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.
-
Misc4 weeks agoRanked: Top 10 Cities Where International Travelers Spend the Most
-
Technology2 weeks agoVisualizing the Top U.S. States for AI Jobs
-
VC+4 weeks agoComing Soon: Here’s What’s Coming to VC+ Next
-
Batteries1 week agoMapped: Renewable Energy and Battery Installations in the U.S. in 2023
-
Economy4 weeks agoVisualizing the American Workforce as 100 People
-
Technology1 week agoNvidia Joins the Trillion Dollar Club
-
Energy4 weeks agoHow EV Adoption Will Impact Oil Consumption (2015-2025P)
-
Misc1 week agoComparing Population Pyramids Around the World