The Business Outlook

Publishing the Tales With More Insight

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Shahid Imran

Today, we are witnessing individuals across the globe living longer because of the support of technology, medical innovation, and time. In 2019, 1 in 11 people were above the age of 65. By 2050, these numbers are expected to rise to 1 in 6. With old age comes natural biological changes and additional health issues that need either constant or periodic attention.

However, the growing nuclear structure of society is now compelling the senior population to opt for assisted living in specialized arrangements, rather than spending their time alone and unattended. As the seniors approach retirement and transition into a supervised living environment, this industry is witnessing a change brought by higher expectations for quality of life for seniors.

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