Asia-Pacific Elderly Care Market is expected to grow with the CAGR of 7.7% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Asia-Pacific elderly care market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.
The major players dealing in Asia-Pacific elderly care market are introducing strong range of service portfolio. Introduction of these services by using new technologies helped company to maximize the sales which ultimately helped them to strengthen their business in market.
In January 2019, Philips announced to launch app-based hub under senior caretaking services. The new platform incorporated by the company will enhance the elderly care products range into single digital system for care takers especially designed for family.
Koninklijke Philips N.V.is the dominating player in the elderly care market. The other key players existing in the market includes Right at Home, LLC, BAYADA Home Health Care, Econ Healthcare Group, Home Instead, Inc., Econ Healthcare Group, ORPEA GROUPE, St Luke’s Eldercare Ltd., Rosewood Care Group, Medtronic, Interim HealthCare Inc, United Medicare Pte Ltd.
Koninklijke Philips N.V.
Koninklijke Philips N.V. headquartered in Amsterdam, the Netherlands which was incorporated in 1891. Philips performs its business from segments such as personal health, diagnosis & treatment, connected care and health informatics, healthtech other. Philips is engaged in improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. The company provides their elderly care services under healthcare consulting category. By taking various initiatives towards the elderly care segment the company is enhancing their business and generating high revenue.
In November 2017, Philips India Ltd has expanded its Healthcare home services sector which is engaged in providing high quality healthcare facilities and services for home care. The expansion in its home healthcare services category has increased company’s customer base for non-chronic segment and chronic care segments.
The company has wide global presence in Asia-Pacific, Europe, Latin America, North America, Middle East and Africa. In addition to it, the company also generates its revenue from its various subsidiary companies such as Philips AVENT (U.K.), Saeco (U.K.), Magnavox (U.S.), ASM International. (U.K.), and Philips Consumer Lifestyle (U.K.) among others.
Right at Home, LLC
Right at Home, LLC headquartered in Nebraska, U.S. which was founded in 1995. The company offers in-home care services for seniors and disabled adults. The services offered by the company are home care services, special home care situations, care scenarios and home care.
The company has wide global presence in Canada, U.K. China, Ireland, Netherlands, Japan, Australia and U.S.
BAYADA Home Health Care
BAYADA Home Health Care headquartered in New Jersey, U.S. which was founded in 1975. The services offered by the company are home-health care, hospice, home care, pediatrics, habilitation, staffing, physician services, hospital managed services and medication management. The company mainly offers clinical care and support services for homecare settings for children and adults. The company provides different types of products in elderly care such as home-health, hospice and home care.
The company has wide global presence in Germany, India, Korea, Ireland and U.S. The company has its subsidiaries and they are Premier Staffing Solutions LLC (U.S.), Professional Medical Home Healthcare Inc (U.S.) among others.
Recent Strategic Decisions
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