Our Mission
A massive milestone
In ten years from now, the UN projects the elderly (aged 80+) will officially outnumber infants worldwide for the first time. There will be 265 million people aged 80 or older.
Why it matters
The fastest growing demographic is people aged 65 or older. UN estimates show this group almost doubling from 850 million today to 1.5 billion by 2050, caused by increased life expectancy and declining fertility rates—this is people aged 40 or older today. The 65 or older group will reach 2.2 billion before 2080 when older adults will outnumber children under 18 for the first time—this is people aged 16 or older today. Even rapidly growing countries will experience a rise in elderly population over the next 30 years. One of the biggest challenges for governments around the world will be providing healthcare for this aging population.
Our commitment
COR Medical Device understands this challenge. We are innovating medical device technology through a new business model to reduce healthcare cost and increase access to people who need care. Medical device innovation and technological advancement are addressing unmet healthcare needs. There is an infinite pipeline of innovation ahead that will address endless complexities of the human body and its ailments. The cost of new technology will increase as technological innovation demands specialized processes and new materials. Regulatory landscapes are becoming more complex and demanding while healthcare payment systems are over-burdened and becoming unaffordable. COR Medical Device is addressing this challenge as its core mission by leveraging global scale to expand access to medical device technologies and provide access to healthcare at lower cost.
