01/11/2026
The Longevity Economy: A US$5.4 trillion opportunity by 2034. Are businesses ready?
Longevity is no longer just a healthcare conversation. It is becoming one of the major economic and societal shifts of our time.
A recent report by Bank of Singapore, 2026 Supertrends: The Longevity Economy, highlights some compelling numbers:
📊 US$3 trillion – Estimated size of the global longevity economy in 2025.
📊 US$5.4 trillion – Projected size by 2034, representing annual growth of approximately 6–7%.
📊 1 in 7 people – The proportion of the world’s population expected to be aged 65 or older by 2030, compared with approximately 1 in 11 in 2015.
📊 More than 1 in 5 Asians – Expected to be aged 65 or older by 2050.
📊 40% – Healthcare’s estimated share of the longevity economy, making it one of its biggest growth drivers.
But the opportunities extend well beyond healthcare.
Some key sectors set to be transformed include:
🔹 Healthcare & Preventive Medicine: Moving from treating illness to early detection, disease prevention and personalised healthcare.
🔹 AI & Robotics: Addressing workforce shortages, improving productivity and supporting ageing societies.
🔹 Nutrition & Wellness: Growing demand for functional nutrition, healthier food choices and solutions that support healthspan.
🔹 Travel & Hospitality: The emergence of longevity retreats, wellness tourism and experiences catering to people who want to remain active and healthy for longer.
🔹 Financial Services: Rethinking retirement planning, insurance, wealth management and financial security as people live longer.
Why is this particularly relevant to Singapore and Asia?
Singapore has already become a super-aged society, with 21.4% of its citizen population aged 65 and above in 2026. By 2035, this is expected to exceed 1 in 4 citizens.
This is not simply a demographic challenge. It represents a significant opportunity for businesses to rethink how they innovate, develop products and services, and engage with an ageing but increasingly active population.
I believe the bigger question is not just how we help people live longer, but how we help them remain healthier, productive, independent and fulfilled for longer.
The longevity economy will touch almost every industry. Those who recognise this shift early have an opportunity to shape what comes next.
An insightful report by Bank of Singapore and certainly worth a read.
https://www.bankofsingapore.com/research/2026-supertrends-the-longevity-economy.html
Given increased life expectancy and declining fertility, the longevity economy is poised to grow from USD 3 trillion in 2025 to USD 5.4 trillion by 2034 while unlocking significant global economic transformation.