Survey Shows Huge Market for Products Aimed at Seniors

Survey showed a huge market of products for seniorsA survey conducted by the consumer association in provinces and cities in Shenzhen found that there is a huge demand for products and services for elderly people. The survey was conducted with 8,000 participating senior consumers regarding their consumption preferences and awareness of consumer rights and consumption willingness.

The survey showed that seniors were willing to spend more money on health and leisure. The first three items usually found in a senior’s shopping list were food, medical treatment and health care products. A steady demand for clothes, travel, dining and entertainment can also be seen with the elderly. But a shortage for products and services for seniors is seen, and there are not enough nursing homes for the elderly, nor enough health care centers in residential communities.

The survey also showed that seniors have low awareness of consumer rights, they are often misled by false promotions since they are unable to recognize false advertising. Analysts found that most senior’s rights are often infringed upon in payments for food, health care products and medical treatment.

Associations are now looking for ways to improve supervision of the consumer market for seniors and  punishment will be imposed on those using false advertisements and selling counterfeit products to the elderly.

Comments are closed

The Contributor

Follow me on twitter: TriaSasin

    Connect with Jasmin:
  1. - Email: Click here

Have Your Say!

Where is your favorite holiday destination in SEA?

View Results

Loading ... Loading ...

  1. Etienne Ducrot: Hi, I’m interested to contact this Foundation. Do you know how? Thanks. Etienne
  2. Emma: Hi Jasmin, I’ve read your article about a new medical center opens in Nanshan at the end of this month....
  3. sherry lee: A simple story with great words…I love it.
  4. Evangeline: Awesome piece!
  5. Glenda: Hi there, I enjoy reading through your article post. I wanted to write a little comment to support you.