The implications of Asia's ageing demographics are vast, stretching from growth to a wide range of micro factors, such as savings, labour, pension funds, healthcare and welfare costs, among others," Neumann said.
Some governments have already rolled out policies to help soften the blow of an ageing population.
A little over a decade ago, Thailand established an affordable urban and rural healthcare system known as the 30-Baht Programme.
Taiwan, with no organised healthcare system before 1995, has developed one of the world's most effective universal healthcare regimes, boasting nearly 100-per-cent coverage and costing just 7 per cent of gross domestic product.