- March 20, 2020
-- Leon pointed out that the South Korean government continues to expand long-term care infrastructure in the form of integrated retirement communities catering for older residents as well as visitors of all ages. Korea has the lowest fertility rate of 0.98 worldwide and is the third largest nursing care market.
Leon further highlighted that the ASEAN countries and India are the next emerging silver markets to explore. The Long-Term Care Insurance (LTCI) introduced in 2008 by the South Korean government is a benchmark which other countries may increasing consider to stimulate the growth of the elder-care sector.
Spire Research and Consulting was established in 2000 to address a gap in the research and consulting industry in global emerging markets. Unlike most agencies that focus on traditional consumer research, our founders saw a profound need for holistic research projects.
These projects integrate traditional customer research with knowledge of the broader business eco-system; for instance, competitors, channels, legal and regulatory factors. They support strategic decision-making for market growth and entry. Our studies provide indispensable tools for creating business plans, setting sales quotas, quantifying budgets and investment as well as making product launch decisions.
Spire exists to undertake such projects with distinction.https://www.spireresearch.com/newsroom/media/asia-pacific-ripe-for-silver-market-opportunities/