A growing number of Chinese firms have seen vast business opportunities stemming from the increasing aging population. The country's silver economy is emerging as a major growth driver, and is currently valued at 7 trillion yuan. According to a survey from data analysis provider iiMedia Research, China's silver economy is expected to reach a scale of 30 trillion yuan by 2035.

Notably, enterprises are leveraging emerging technology such as AI and robotics to pioneer a new consumption scenario tailored to the elderly. Guided by a Chinese proposal, the International Electrotechnical Commission has released a global standard for elderly-care robots.

To tap into the growing silver economy, tech firms are learning to focus on solving real elderly user challenges while employing cutting-edge technologies.

Designed for elderly convenience, RoboCT's walking assist device takes just 20 seconds to put on and doesn't require smartphone operation.

The firm is also planning to launch customized versions of this device for hemiplegic patients and spinal cord injury patients.