Just like China (don’t miss out our free report on Chinese Silver Hair industry here), people aged 60 and over are expected to account for 20% of the Thai population in 2022 and for 28% in 2032.
Thai elderly population has low to moderate income, but it remains a top emerging segment for the tourism and care industry in general, for medical devices and equipment in particular.
A demographic evolution which is could significantly slow down economic expansion. Thailand faces the risk of a labour shortage and it needs to accelerate automation of its production sector.
Read the full article from Bangkok Post
