![](/citigold/images/healthcare/Block-1-m.png)
![](/citigold/images/healthcare/Block-1.png)
Source: Citi Private Bank
Source: Citi Private Bank
The origins of today's aging populations lie in decades-old patterns of improving life expectancy and deteriorating fertility.
Around the globe, there are almost one billion people aged 60 and above - more than at any other time in human history, and by 2050 that will DOUBLE.
No. of People Above Aged 60
Older populations mean significantly higher demand for healthcare treatment, as elderly households spend more on healthcare.
Healthcare Share of Household Consumption
Source: Citi Private Bank
Belonging to the middle class means spending more on education, entertainment, taking the occasional holiday, owning a smartphone and of course, spending more on healthcare.
By 2020, the middle class will become the majority of the global population for the first time ever. We are on pace to add another billion in seven years and another billion by 2028.
Global Middle Class
Middle Class = households between US$11 and US$110 per person per day (pppd) in 2011 purchasing power parity (PPP) terms
By 2030, Asia could represent 2/3 of the global middle class population.
Global Middle Class Population
Source: Brooking's Institute
Healthcare Spending as Percentage of GDP
Source: Citi Private Bank
Source: Citi Private Bank
Source: Citi Private Bank