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Dementia In Australia Essay

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Dementia is an important factor in this population of ageing. Australia needs to take a positive approach towards dementia by helping those families where they have dementia patients. There exists a lot of challenges in terms of costs and burden of disease. However, with appropriate research, funding and innovations for home-based, community and residential care, it is possible to minimise these burdens, improve the quality of life of many Australians with dementia. That’s where WATCH CARE innovation comes in to give a helping hand to dementia patients. Although Australian government has invested a lot of money for dementia patients there are still some places that needs to look after. That’s where this innovation comes in as a protector of those family members having dementia. This will clearly make a impact on the Australian economy thus improving access to international markets and opening up the economy to greater domestic and international competition. Since it will be quite expensive in making covering all affected patients will be tough. But this innovation will reflect greater efficiency in the use of labour and capital. growth of this innovation could be better by improving managerial practices, organisational change …show more content…

Contribution to GDP Growth: With the introduction of this innovation there is no doubt that it will clearly put impact on GDP of the country. There is always a bright future for GDP in emerging markets. Emergence of new services and industries: Watch Care won’t have customers restricted. It can act as a multipurpose usage device which can optimum its utilisation thus benefiting a wide range of customers rather than dementia patients. It can be used from household purpose to government defence programmes. It can create job opportunities in IT

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