Aging population benefits pension industry

The aging of the population has benefited the elderly care industry. Based on the annual consumption of 10,000 yuan per elderly person, the current market size of the elderly care industry exceeds 2 trillion yuan.

According to the data of the National Aging Office, in 2020, the national population of 60-year-olds will reach 248 million, and the aging level will be 17%. From 2015 to 2020, with the economic development and the change of Chinese people's concept of pension, the consumption level of the elderly will also increase. The GDP growth rate is calculated as the growth rate of the average annual consumption amount of the elderly, and the compound GDP growth rate in the next five years is assumed. If it is 6.5%, then by 2020, the annual consumption of each elderly person will be about 13,700 yuan, and the market size of the elderly care industry will reach 3.4 trillion yuan. Faced with a market size of over 2 trillion yuan, companies can focus on six major areas: senior care real estate, senior care services, senior care financial insurance, senior care daily necessities, senior care entertainment and senior care education.

1. The pension industry has a large demand for capital in the early stage, a long investment return period, a low short-term rate of return, difficult professional management, and high requirements for supporting service facilities. Market entrants need to be alert to risks.

2. Judging from the current situation of market incumbents, the profit model has yet to be explored and the market has yet to be cultivated.

3. Health preservation, nursing and treatment, and these three professional fields have a very high level of entry, which is not something that ordinary service providers can easily cross, and there are certain thresholds.

4. Faced with the risks in the pension industry, enterprises can learn from the experience of Japan, the United States and other countries where the pension industry is relatively developed.