How will the demographic trend impact the healthcare industry in the next 10-20 years?

Essay from the year 2018 in the subject Business economics - Miscellaneous, grade: 1,0, University of Applied Sciences Dresden (International Business), course: International Business Environment, language: English, abstract: The tendency to get older is not only an advantage, it also implies challenges for the individual, family and the society by an increased pressure on the healthcare industry due to increased expenses and the need to change existing paradigm. The demographic trend is the major factor in determining the future development of the healthcare sector. This essay will clearly show the significant shift in demography and its consequences, the current status of the healthcare industry and the required development to master the demographic hurricane. I will prove that the current healthcare business models and approaches will not be able to manage the foreseeable challenges of an aging population. I will also outline potential solutions and required changes. The derived conclusions are only valid for developed geographies.