INTRODUCTION
Aged Care in Australia – Industry Overview
Population ageing require more health care services. Australian Aged care system is comprises of public, private and community institutions that provide services to old people. The Australian aged care system is globally recognised for high quality services, regulations, government funding and co-operation between government, community and service providers. Aged care services in Australia available to people, both in the form of residential services and home based services (The Australian trade commission 2015). Residential care is provided at the aged care facility, it is provided to those people who need high care. It provides living
…show more content…
In recent years, the number of residential care places has increased; this is just because of increase the provision by profit providers, especially in major cities.
Economic opportunities and challenges of this industry in future:-
This section will outline the opportunities and challenges facing a firm in aged care Industry by using Population, Productivity and Participation, which are key drives of economic growth.
Table 1. Population Projection ( Millions) Age range 2014-2015 2054-2055 0-14 4.5 6.9 15-64 15.8 23.8 65-84 3.1 7.0 85 and over 0.5 1.9 Total 23.9 39.7
1. POPULATION
According to Intergenerational report (2015), Australia’s population will grow and change over next 40 years. There will be increase in population of old people and less number of young people in coming future. Table1. Shows that there will be increase in total population and people aged 65 above will more than double as compared to current period. Table 2. Life expectancy ( Years) Male 91.5 95.1
Female 93.6 96.6
Above table shows the increase in life expectancy of male and female in next 40 years.
Expansion in aged care services and places
There will be more demand for aged care
The Australian healthcare system has been evolving since the beginning of the colonisation of Australia. Today, Australia has an extremely efficient healthcare system although it still has several issues. The influencing factors, structure, and current issues of the Australian healthcare system will be throughly discussed and explained in this essay.
care are showing dramatic and sustained growth and make up a majority of the total job growth
Due to increase in life expectancy, the population of people over 65 has been increase dramatically, and it is estimated that in
The information gathered has been quite consistent with the expectations had before having begun this research report. The ageing population has been a topic that has discussed on the radio, in newspapers and on the news and so there was a fundamental understanding of the changing demographic facing the Australian population, though there wasn't much of understanding of why this was happening. This issue is something that many countries around the world are facing so this also makes it well publicised. In the future, more time could have been used to explore past Australian census which could provide more vital information on Australia's past and present populations
The Australian Government has identified that Australia’s population is ageing (Department of Health and Ageing, 2012). Rather than viewing this changing shift as an inconvenience due to the affect that ageing will have on labour supply, economic output, infrastructure requirements and governments’ budgets, the government has taken
The Topic of my research paper is How to Start Your Own Assisted Living Business. I choose this topic because I have some experience in the health care field. I am a certified Medical Assistant and I wanted to take my education to the next level. The Health care job market is on high demand and is one of today’s most dynamic fields with a wide range of opportunities. I came to realize that the older you get in this country options for housing, health and personal care services become limited.
Worldwide demographic change has resulted in an amplified elderly population. The United Nations predict a two fold increase to 22% by 2050 in the proportion of people aged 60 years and over. [1] Similarly it is estimated by 2034 a quarter of the UK population will be 65 years and over. [2] This
Figure 1, taken from the Australian Bureau of Statistics (ABS) (Australian Bureau of Statistics, 2015), shows Australia’s demographic trend of an ageing population between 1995 and 2015. It can be noted that the proportion of Australia 's population aged 15-49 years remained fairly stable, however during the same period, the proportion of people aged 55 years and over increased from 11.9% to 15.0% and the proportion of people aged 85 years and over almost doubled from 1.1% of the total population in 1995 to 2% in 2015.
Another question that arises now is whether everyone in Australia is getting access to the medical facilities? The answer to that question is yes. All medical facilities is not evenly distributed but the government of Australia is trying hard to give everyone has access to at least the basic medical facilities especially the indigenous communities of Australia.
The world population is growing at a rapid pace and the global population is estimated to be around 9 billion in 2050. With the accelerated growth of the global population comes similar growth amongst aging societies. Aging societies is defined as the increased longevity of life amongst a population of people within a developed or developing country and considered to be those age sixty and older. In 1950, the percentage of the global population that was over age 60 was 8%, but it’s projected to reach 21.1% by 2050.
The aging population is also known as demographic aging and is described as the shift in age distribution. The current population trend in the United Sates is the working age group comprised of people ranging from ages 20-65 years old. Over the next forty years, the population is expected to be made up mostly of the retired age or people over the age of 65 and the rapid growth of the older population will elevate the number members to about 88.5 million people by the year 2050. Because of the increasing diversity of this country, the future older population is going to include a large number of racial and
Eldercare Market- This market is growing considerably annual as the baby boomer generation is starting to retire. By 2030, the US Census Bureau predicts, almost a fifth of the population will be over the age of 65.
up (Parliament of Australia, 2012). For the purpose to support the increasing number of old
Population ageing is a major global demographic trend. As the life expectancy continues to increase, the proportion of elderly people rises simultaneously. For instance, the life expectancy in Japan was 79 years old (World Trade Organisation, 2014) in 1990, the number then raised to 84 years old (World Trade Organisation, 2014) in 2012 and accounted for 39% (World Bank Data, 2014) of the whole Japan population.
New Zealand, like many countries, has ageing population, with an increasing proportion of people in the older age groups and a declining proportion of children. Many impacts such as increase in the dependency ratio, increased government spending on health care and pensions, high taxes, shortage of workers, changing sectors within the economy, and higher savings for pensions may reduce capital investment can effect all societies. Since 1960, the proportion of the population under 15 years of age has declined from around 33% and is expected to fall to 18% by 2031. (Statistics New Zealand, 2009) According to New Zealand Parliament (2011), age population is a consequence of the baby boom which occurred in New Zealand. Compare with other countries' high fertility (the number of births per woman) and improved infant survival rate in the decades after the end of World War Two. New Zealand has one of the highest fertility rates in the developed countries, which have