Silver Economy: From "Elderly Care" to "Enjoying Old Age," Over 417,000 Elderly Care-Related Companies Currently Exist

Our country’s silver economy is迎来 unprecedented development opportunities. The State Council executive meeting focused on the “silver economy,” with experts predicting that by 2035, its market size will reach 30 trillion yuan, accounting for about 10% of GDP.

Today, the needs of the elderly are shifting from “survival” to “enjoyment and quality,” as exemplified by some senior clubs in Shanghai where seniors can spend over 100 yuan to enjoy a full day of food, drinks, and entertainment.

Home aging-friendly renovations are also accelerating, with the national “Two New” policies including subsidies. Some local governments offer up to 30% subsidies, and the variety of products has increased from fewer than a thousand to tens of thousands.

At the same time, for disabled seniors, professional care services are available on demand, and long-term care professionals are emerging as a new occupation. The silver economy has become a trillion-yuan strategic industry, improving seniors’ quality of life, creating jobs, and opening new possibilities for economic development.

Tianyancha Professional Edition data shows that as of now, there are over 417,000 elderly care-related companies in China, with active and existing statuses. Among them, approximately 14,000 new related companies have been registered since 2026. Looking at the trend in company registrations over the past five years, the number of elderly care-related companies has been increasing year by year, reaching a peak in 2025.

Regionally, Shandong Province, Guangdong Province, and Jiangsu Province have the highest numbers of elderly care-related companies, with over 39,000, 33,000, and 31,000 respectively. Following them are Henan Province and Sichuan Province.