In 2017, 15% of Australians (3.8 million) were aged 65 and over2
. This proportion is projected to grow steadily
over the coming decades, and by 2050 is expected to reach 25%. The seniors global wearable healthcare devices
market is expected to reach US $46.6 billion by 2025, from US $18.4 billion in 2020, at a CAGR of 20.5%3
,
providing a significant opportunity for the Company.
Ann: Launch of SPACETALK Life Seniors Wearable Smartphone, page-8
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