Abstract:
The global population is undergoing a profound demographic shift
characterised by declining fertility rates and increasing life expectancy,
resulting in rapid population ageing. By 2050, the number of people aged 60
and older is projected to reach 2.1 billion, representing 21% of the global
population (United Nations, 2019). Once a young nation, Sri Lanka is now
transitioning into a "super-aged" society, with over 20% of its population
expected to be 60 or older by 2030 (United Nations, 2019). This demographic
shift poses significant challenges for Sri Lanka’s healthcare systems, labour
markets, and social welfare programs while creating innovation and policy
reform opportunities.
