Increased prevalence of dementia and non-communicable diseases (NCDs) in older adults.
MIRACE Overview
Why Attend MIRACE 2027?
Learning, networking, and personal growth for professionals shaping the silver economy and retirement landscape.
Attending conferences and exhibition can be a game changer for professionals across various fields including silver economy industry. These events offer a unique blend of learning, networking, and personal growth opportunities. MIRACE 2027 conferences and Exhibition bring together professionals, experts and leaders, creating an environment conducive to networking.
This is a prime opportunity to meet like-minded individuals, potential mentors and future collaborators. Building a robust professional network can open doors to new opportunities, partnerships and career advancements. Our audience represents all disciplines from independent and multi-facility organizations, in both the for-profit and not-for-profit space.
Conference Benefits
By the end of this conference, participants should be able to:
- Clearly understand the concept of retirement and psychologically prepare for a transition to retirement.
- Have the knowledge and skills to plan and “switch off” from work mode and relax, especially in the early weeks or months of retirement.
- Have a clear financial plan on how to use finances including pension or gratuity for a sustainable cashflow.
- Understand your new identity and tap into the opportunities available for the retiree to remain useful and relevant in the community.
- Know the concept of investments and the opportunities available for passive income to grow your pension.
- Have the skills to live a healthy and productive life during retirement.
- Know the various sources of funding and resources available to support self-help projects that retirees may wish to set up.
- Make sound decisions to create (invest), protect (insure, etc.) and distribute (wills, etc.) your wealth to achieve your financial well-being targets.
- Understand and adopt post-retirement employment skills on flexible work approach and the availability of sources for returning to employment after 5 years as retirees.
- Have clear options available for post-retirement self-employed income generation entrepreneur skills as passive income to self-support senior living.
Market Analysis Report
Malaysian Scenario
By 2030, Malaysia is projected to become an “aged nation” as 15% or more of its population hits age 60+, driven by declining fertility rates and increased longevity. Approximately 5.8 million people will be senior citizens by 2030, necessitating urgent enhancements in healthcare, social welfare, and economic planning to accommodate this demographic shift.
Key Aspects of Malaysia’s Ageing Scenario (2030) (Malaysian Journal of Medical Science)
- Definition of Ageing Nation: Malaysia is set to reach the threshold where 15.3% of the population is aged 60 and above by 2030.
- Demographic Shift: The number of individuals aged 65 and above is projected to rise from 2.1 million in 2020 to 4.8 million in 2030.
- Regional Trends: Areas like Perak are showing faster senior citizen increases, leading the national trend.
Key Challenges
Rising pension expenditures, projected to reach RM22.3 billion for those 65+ by 2030.
A lack of specialized healthcare providers and caregivers for the elderly.
Policy and Social Responses (National Institutes of Health)
- National Policy for Older Persons (DWEN): The Ministry of Women, Family and Community Development updated this policy to foster age-friendly environments.
- Senior Citizens Activity Centre (PAWE): Centres established to support active aging and community participation.
- Economic Strategy: Focusing on the “care economy,” including tax relief for parental care and encouraging longer workforce participation to manage the reduced working-age population.
- Urban Infrastructure: Calls for increasing “age-friendly” urban planning to support the aging population.
Key Regional Stats & Facts (Malaysian Journal of Medical Science)
- The shift is rapid, taking only 20 years for Malaysia to transition towards this milestone.
- The fertility rate is expected to drop to 1.66 by 2030.
- Johor, Kelantan, Penang, Sabah, and Sarawak are noted for high proportions of citizens 65+.
Global Scenario
The global aging population is reshaping healthcare systems, economies, and societies. By 2050, over 1.5 billion individuals will be aged 65 or older, presenting both challenges and opportunities for innovation in aging care. The market for aging-related healthcare solutions, including diagnostics, therapies, assistive technologies, and lifestyle products, is projected to exceed $2.5 trillion by 2030.
Key Global Market Drivers Include:
- The rising prevalence of age-related conditions such as Alzheimer’s, cardiovascular diseases, and osteoporosis.
- Growing demand for long-term care facilities and age-friendly housing.
- Advancements in personalized medicine and lifestyle interventions for aging populations.
- Integration of AI, robotics, and wearable technologies to enhance elder care.
- Increased government and private investments in research, policy, and infrastructure for aging populations.
MIRACE 2027 provides a critical platform to address these trends, explore emerging opportunities, and shape the future of aging care globally.