How to effectively promote the development of senior care services

Larger space for demand for senior care services

According to the National Bureau of Statistics, China's population of elderly people over the age of 60 has reached 254 million in 2019, accounting for about 18.1% of the country's total population. In recent years, the number of elderly people in China has been growing year by year, which shows that there is a large space for the market demand of elderly services in China.

According to the State Council's August 2019 executive meeting on the deployment of expanding the supply of senior care services and promoting the consumption of senior care services, the demand-oriented development of senior care services is an important measure to cope with aging and improve the quality of life of the elderly. The demand for senior care services in China mainly includes the demand for medical services, the demand for nursing services, and the demand for housekeeping services.

Policy-driven elderly care services will accelerate

In March 2021, the "Outline of the Fourteenth Five-Year Plan for the National Economic and Social Development of the People's Republic of China and the Vision for 2035" put forward that during the "Fourteenth Five-Year Plan" period, it will vigorously develop Inclusive elderly care services, support families to take on the function of old age, build the home community institutions coordinated, medical care, recreation and nourishment of the combination of elderly care service system;

Improve the community home elderly care service network, promote the extension of professional institutional services to the community, the integration of the use of stock resources to develop the community embedded old age; support the transformation of training and convalescent care resources development of old age, and strengthen the policy support for the care of private elderly care institutions etc. In the future, with the deepening of the degree of aging in China, China's pension service policy to promote the development of China's pension service industry will accelerate.

--For more data, please refer to the China's Senior Care Industry Development Outlook and Investment Strategy Planning Analysis Report by Prospect Industry Research Institute.