Sri Lanka Elderly Care Market is expected to grow with the CAGR of 3.8% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Sri Lanka elderly care market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario. 

The major players dealing in elderly care market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

• In June 2020, Ceylinco Healthcare Services partnered with Kings Hospital Colombo. This partnership will provide the opportunity to both in serving comprehensive medical care services to their patients with a highly trained and competent specialist.

ASIRI HEALTH is the dominating player in Sri Lanka elderly care market. The other key players existing in the market includes Nobel Aged, Help Age Sri lanka, Ceylinco Healthcare Services, Cinnamon Grove, Diligence, Village 60+, ASIRI HEALTH, and Certis Lanka Home Nursing & Swiftcare (Pvt) among others.

ASIRI HEALTH

ASIRI HEALTH headquartered is in Colombo, Sri Lanka.The major focus of the company is to offer best infrastructure and services to the patients who needs medical care. The company has multiple business segments such as centers of excellence, health body & mind, health & wellness, facilities & amenities in which health & wellness is the market focused segment. The company has its presence in Sri Lanka only.

• In 2016, ASIRI HEALTH partnered with Doc990 joint venture with dialog. These joint venture partnerships helped both the organizations in expending their range of services in the healthcare sector.

HelpAge Sri lanka

HelpAge Sri lanka headquartered in Boralesgamuwa, Sri Lanka. The major focus of the company involves in welfare and development of human wellbeing. Their best practices involves in healthcare sector to provide relief and rehabilitation to elder patients.The company has wide services including medical/eye camps, distribution of disability equipment, ayurvedic center, training programs, day centre for senior citizens, micro finance project, free physiotherapy centre, vision 2020 programs, voluntary home care program, programmes and projects in which day centre for senior citizens, voluntary home care programme is the market focused category. The company has its presence in Sri Lanka only.

• In July 2019, HelpAge SriLanka collaborated with Manusath derana and conducted a massive mobile camp in which they donated wheels chairs and disability equipment to low income generating poor elders. The organization engaged in overall development of the human being and also builds their trust towards them. This collaboration will help both the company in diversifying their services for senior citizens.

Vilage 60+

Vilage 60+ headquartered in Nugegoda, Sri Lanka. The company has a major focus on creating a happy and fulfilling working environment for their patients with high health standards and practices.The company is engaged in providing wide range of product categories such as commode stand with bucket, commode wheel chair (arm rest decline, leg adjustable) elbow crutches, folding wheel chair, commode wheel chair FS 609U, over bed table, urine bag adult among others. The company has its presence in Sri Lanka only.

• Vilage 60+ is working on the development of an international standard retirement village with luxury amenities for their patients, which will get completed by 2023. This step is taken to provide exceptional care services to senior citizens and served as the best organization