Koninklijke Philips N.V., BAYADA Home Health Care, Right at Home, LLC. are Dominating the Market for Europe Elderly Care Market in 2019

Europe Elderly Care Market is expected to grow at a CAGR of 6.2% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Europe 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 Europe elderly care market are introducing strong range of service portfolio. This helped company to maximize the sales with enhanced product portfolio.For instance, 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 Europe elderly care market. The other key players existing in the market includes BAYADA Home Health Care Right at Home, LLC, BS Care Limited, Home Instead Franchising Limited, Medtronics, ORPEA GROUPE and Senior Group and Stiegelmeyer GmbH & Co. KG.

Koninklijke Philips N.V.

Koninklijke Philips N.V. headquartered in Amsterdam, Netherlands which was incorporated in 1891. Philips performs its business from segments such as personal health, diagnosis & treatment, connected care and health informatics, healthtech and 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.

  • In November 2017, Philips India Ltd expanded their Healthcare home services sector engaged in providing high quality healthcare facilities and services for home care. The expansion increases their patient base for non-chronic segment and chronic care segments.

The company has wide global presence across the globe such as Asia-Pacific, Europe, Latin America, North America, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Philips AVENT (U.K.), Saeco (U.K.), Magnavox (U.S.), ASM International (U.K.), Videoland by RTL (U.K.), and Philips Consumer Lifestyle (U.K.) among others.

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.

  • In June 2019, BAYADA (U.S.) has recognized by Forbes as Best Employer due to their unique work culture and New Grads in employee management. The honor received for employees motivate organization to commit the society to ensure better quality services around their services presence.

The company has wide global presence across the globe such as Germany, India, Korea, Ireland and U.S.

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 alzheimer's care, companionship, physical assistance and respite care.

  • In December 2019, Right at home received award "Caring Stars of 2020" as a best service provider across country for elderly care. The recognition encourages for the best quality of service for elderly care with personalized products. The award will help to expand their home care services with better quality of services as per the customers’ requirement.

The company has wide global presence across the globe such as Canada, U.K. China, Ireland, Netherlands, Japan, Australia and U.S.

RECENT STRATEGIC DECISIONS

Europe Elderly Care Market