Ageing baby boomers are creating a greater need for healthcare.
The baby-boomer generation is now hitting retirement age.
After the end of World War II, birth rates across the world spiked. The explosion of new infants became known as the baby boom. During the boom, an estimated 77 million babies were born in the United States alone! The large increase in population produced a substantial rise in demand for consumer goods, stimulating the post-war economy.