Noble Care Malaysia, Homage, Econ Healthcare Group are dominating the Malaysia Elderly Care Market in 2019

Malaysia Elderly Care Market is expected to grow with the healthy CAGR of 5.5% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Malaysia 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 elderly care market are introducing strong range of service portfolio. This has also helped the company to maximize the sales with enhanced product portfolio. In March 2019, the company has methodically set up older homes in Kenny Hills (Bukit Tunku). It is available via Jalan Tun Ismail which passes Jalan Kuching and is a few minutes from Keretapi Tanah Melayu Putra station. The residences are a short drive from Kuala Lumpur Hospital and Pantai Hospital Kuala Lumpur. With this newfangled facility, the company will be providing quality service to its clienteles.

Noble Care Malaysia is the dominating player in the Malaysia elderly care market. The other key players existing in the market includes Koninklijke Philips N.V., Metro Eldercare Sdn Bhd, Homage, Aged Care Group Sdn Bhd, Medtronic, Econ Healthcare Group, Care Concierge, Lyc Senior Living Sdn Bhd and Ig Care Centre and others.

Malaysia Elderly Care Market

Noble Care Malaysia

Noble Care Malaysia is headquartered in Selangor, Malaysia. The company focuses on providing skilled nursing care, restorative therapy and medical social services to patients in their homes or wherever they may reside, including assisted living facilities and retirement communities. The services of the company are retirement homes, home nursing, respite care, palliative care, dementia care and treatment, stroke and cancer, handicapped children care, handicapped adult care, elderly care –professional  and senior care. In which, retirement homes, home nursing, palliative care, dementia care and treatment, stroke and cancer and elderly care –professional senior care are the market focused category. The company has only presence in Malaysia

For instance,

  • In August 2018, The Company opened novel retirement home in Semenyih. This will lead to their business extension and will further surge the revenue. The company has a wide presence in Malaysia.

Homage

Homage is headquartered in Malaysia. The company focuses on providing home and nursing care to the elderly people. The company's service categories are: main services, specialized services and other services.

  • In February 2019, MyDoc and Homage came into a joint venture to make it inexpensive to have a doctor and nurse in every home and office. With this, the company has expanded its business, also they will be able to supply more needs of people, which will also contribute in more revenue.

The company has wide presence across Malaysia, Indonesia and Singapore.

Econ Healthcare Group

Econ Healthcare Group has headquartered in Singapore and it was established in 1987. The company provides s senior-centric services for serving seniors. It deals in services such as Nursing homes, day care, home care, rehabilitation, senior activity centres, Chinese medicine, caregiver training, and training room for hire. The market focused service is home care.

  •  In 2018, ECON Healthcare Group got acknowledged by 31 silver and two gold awards at Singapore Health Quality Service Award (SHQSA) in MediaCorp’s MES Theatre. With this accomplishment, the company will offer quality service to its customers and has even gained a worldwide presence.

The company has presence in China, Singapore and Malaysia.