The next decade is shaping up to be an unprecedented period of change for the aged care industry. The aged population is poised to nearly triple by 2050, and as individuals they will likely live longer than ever before. The regulatory environment will have to change to respond to unprecedented need for services. In the medium to long term, the industry will go through an incredible amount of growth and change – not only to keep up with demand and regulatory change, but also to compete against more diverse competitors.