Data from the Office for National Statistics (ONS) reports that deaths from dementia and Alzheimer’s disease have increased, making these conditions the leading cause of death in England and Wales for the third consecutive year.
ONS released the latest statistics for births, deaths and marriages in October.
Last year, 67,641 deaths were caused by dementia and Alzheimer’s, an increase from 62,948 in 2016 and accounting for more than 1 in 8 of all deaths.
The overall number of deaths recorded was the highest since 2003, with 533,253 registered in England and Wales in 2017.
While mortality rates caused by dementia and Alzheimer’s have increased in both men and women, ONS highlighted that they accounted for a staggering 16.5% of deaths among women.
The increase in deaths is a great cause for concern. Jeremy Hughes, the chief executive of the UK’s Alzheimer’s Society ranks dementia as the “biggest health and care crisis of our time”.
This intensifies the need for extensive care and care homes that can cater to the needs of those suffering from these conditions.
How can Investors/You help?
According to Alzheimer’s Research UK, in England and Wales, the number of people living with dementia and who need palliative care will almost quadruple by 2040.
The research also reported that 311,730 (39%) of people with dementia and aged over 65 live in care homes (either residential care or nursing homes) while 493,639 (61%) live in the community.
The increasing need for care homes, specifically for these conditions, and the lack of supply, offers investors the platform to make a difference.
Investors help fund the private sector’s efforts in building properly equipped care homes and offering dignity to those in need, while profiting from rental returns.
Virata Thaivasigamony of CSI Prop believes that above other investments, investment into elderly care homes gives investors the fulfillment of having done something good for others.
“Yes, it is undoubtedly a profitable venture, but it is also an investment that adds value to society and truly makes a difference,” he said.
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