Exploring aged care opportunities in Asia

Expected population growth in Asia

Recent policy initiatives in China have led to a massive increase in investment in aged care infrastructure.  This shift represents a significant opportunity for Australian healthcare and aged care providers to capitalise on their expertise and strong reputation in the region. 

To help South Australian companies realise this potential, we were honoured to host Bonnie Shek, Director, Australia & New Zealand of the Hong Kong Trade Development Council on 28 March 2019, to discuss aged care opportunities in Hong Kong and China.

Facilitated by Troy Flower, the event saw GCMA Board Director Dr Mike Rungie reiterate to attending South Australian business leaders and entrepreneurs that Australia's narrative around ageing is changing and that it is vital that we develop new models for the future.  

Ms Julianne Parkinson, Troy Flower, Ms Bonnie Shek and Dr Mike Rungie in the GCMA LifeLab at Tonsley.

Ms Julianne Parkinson, Troy Flower, Ms Bonnie Shek and Dr Mike Rungie in the GCMA LifeLab at Tonsley.

Ms Shek provided great insight into the current and future opportunities and challenges in China and explained how societal changes are forcing the emergence of a new aged care market.  Ms Shek also shared ideas on how Australian businesses can enter and thrive within the Hong Kong and broader Chinese market. 

We are also looking at opportunities to meet leading developers, health care operators and investors in Asia to identify social and economic opportunities for Australian businesses in this growing market.

On 14-15 May 2019, our CEO Julianne Parkinson and COO Andrew White attended the 10th International Ageing Asia Innovation Forum 2019 in Singapore. We were so proud to have Julianne asked to chair insightful panel discussions and to be a part of an international panel of judges for the 2019 Asia Pacific Eldercare Innovation Awards which recognises innovative contributions to the aged care industry.

Close to 200 entries were submitted from Australia, China, Denmark, Germany, Hong Kong SAR, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, The Netherlands, Taiwan, Thailand, UAE, and the US.

Our congratulations to the more than 20 Australian companies who were finalists in the Awards and the following Australian winners:

The conference is Asia’s most influential platform on the sustainability of ageing and is a stage for the world’s most innovative health and eldercare models to disrupt the industry with creative and innovative ideas which rethink aged care.