Press release
Koninklijke Philips N.V., Intel Corporation are Dominating the Market for Worldwide Elderly Care Market in 2018-2025
"Elderly Care"
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Koninklijke Philips N.V.:
Founded in 1891 and headquartered in Amsterdam, Netherlands. The company Koninklijke Philips N.V. operates as a health technology company worldwide. Koninklijke Philips N.V. operates mainly through 3 business segments i.e. Philips Consumer Lifestyle, Philips Health Care and Philips Lighting. Additionally, the company offers healthcare information technology (IT), clinical, and visualization and quantification informatics solutions for radiology, cardiology, and oncology departments; universal data management solutions, picture archiving and communication systems, and integrated electronic medical record systems; clinical and hospital IT platforms; technology-enabled monitoring and intervention, actionable program, cloud-based, and population health management software solutions.
The company has many subsidiaries across the globe. Some of them are Philips Health Care Informatics (U.S), Invivo Corporation (Germany), Philips GmbH (Finland), Philips Medical Systems Spa (Italy) and others. The company has its presence in Netherlands, U.S., Germany, Japan, India, France, China and other international countries. The research and development center of Koninklijke Philips N.V. is in Cambridge, U.S.
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Recent Developments:
In May, 2017, Philips proprietary technology and Right at Home entered in a joint venture. The main focus of the company is to provide more safety and security to the elderly people who prefer being at home in old age, The device comes with sensor displaying information about the day to day actions.
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Intel Corporation:
Founded in 1968 and headquartered in California, U.S., Intel Corporation is focused on designing, manufacturing, and selling computer, networking, data storage, and communication platforms worldwide. The company operates through client computing group, data center group, internet of things group, non-volatile memory solutions group, programmable solutions group, and all other segments.
It also provides NAND flash memory products primarily used in solid-state drives and programmable semiconductors and related products for communications, data center, industrial, military, and automotive markets. In addition, the company develops computer vision and machine learning, data analysis, localization, and mapping for advanced driver assistance systems and autonomous driving.
The company has various subsidiaries in Asia, Europe, North America, South America and Israel. Some of them are Intel Asia Holding Limited (Hong Kong), Intel Capital (Cayman) Corporation (Cayman Islands) and Intel Semi-Conductors (Israel) The company has its presence in U.S., Europe, Australia, Philippines, China, France, Germany, Spain, Finland, Israel, India, Hong Kong and U.K. The company has presence across 15 countries and the healthcare information technology solutions are implemented in more than 30 countries globally. The research and development centers of the company are located in U.S. in the cities namely, Berkeley, Washington, Pittsburg, Cambridge, Hillsboro, California and in India namely Bangalore.
Recent Developments:
In June, 2015, Intel-GE Care Innovation, a joint venture between Intel Corporation and GE Healthcare, partnered with Front Porch communities and the Front Porch Centre for Innovation and Wellbeing to measure the benefits of leveraging remote patient monitoring (RPM) with senior living residents.
In May, 2017, Intel has introduced a special care programme in India to extend health care support to its employees’ parents. Through the Elder Care Program, the US-based hardware and semiconductor major aims to offer better work environment to employees and help them care for their elderly parents and relatives at home.
RIGHT AT HOME, LLC.:
Founded in 1995 and headquartered in Nebraska, U.S., Right at Home is focused on providing in home supportive care and assistance services to senior citizens and disabled adults. It offers care services, such as companionship/homemaking services, including safety supervision, transportation, socialization, cognitive stimulation, monitoring home, cooking, light housekeeping, organization, laundry services, and respite care; physical assistance, such as ambulatory and wheelchair assistance, getting dressed, positioning in chair or bed, and transfer between bed and chair; hygiene services, including bathing and showering assistance, bed baths, grooming, shaving, oral hygiene, and toilet and incontinent care; wellness services, including light exercise program assistance, meal planning, medication reminders, and cognitive stimulation; and skilled nursing services, such as visiting nurses, medication set-up and administration, insulin injections, wound care, dressing changes, catheter care, ostomy/colostomy care, and skilled hospice support. The services above are available in three segments, i.e. Care, Special Care and Home Care. The company operates in U.S. and also through its franchise offices situated in U.S., U.K., Brazil and China. The company offers its products in U.S., U.K., China, and Brazil..
PROFILICO GROUP, LTD.:
Founded in 2009 and headquartered in São Paulo, Brazil, Profilico Group Ltd.is focused on generating high, asset-backed returns for investors. Since 2012 the company has entered into joint ventures with experienced professionals to form self-storage, student housing, senior living and data centers operating businesses to operate certain of its real estate assets.
The company entered a joint venture the Hanami corporation founders and developed a senior living center and the concept of Hanami was to provide a greater quality of life to the elderly people Opportunities in other real estate based resilient models are reviewed on an ongoing basis for the company. The company looks to create value through development and operation of niche operating businesses that are resilient in all macroeconomic business environments. Added protection for invested funds is provided through a strong underlying asset appreciation expected as Brazilian cities mature.
Prolifico F&F Brazil Opportunity Inc., is the subsidiary of Profilico group Ltd operating in private equity focusing on the funds generated by the real estate division. The company mainly operates in São Paulo, Rio de Janeiro and London.
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Recent Developments:
In February, 2016, Profilico Group entered in joint venture with former BUPA Executives and focuses on making greenfield senior living projects. The whole intention of the company is to spread the project of senior level across the globe specially targeting the India, China and Russia.
Market Analysis: Global Elderly Care Market
The Global Elderly Care Market accounted for USD 863.7 billion in 2016 growing at a CAGR of 8.4% during the forecast period of 2017 to 2024. The upcoming market reports contain data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Segmentation: Global Elderly Care Market
On the basis of type, global elderly care market is segmented into home care, adult day care, and institutional care. Home care is further sub-segmented into health care and non medical home care.
Whereas, institutional care is further sub-segmented into nursing homes, hospital based, assisted living, and independent senior living.
On the basis of product types, global elderly care market is segmented into pharmaceuticals, housing and assistive devices, and technology.
On the basis of geography, global elderly care market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Major Market Drivers and Restraints:
Rising geriatric population
Increased life expectancy
Prevalence chronic illness among aged population
Growth in health expenditure by senior citizens
Rise of technology-enhanced senior care
Easy reimbursement policies
Lack of qualified employee
Cost affordability
Key Topics: Global Elderly Care Market
1. INTRODUCTION
1.1. OVERVIEW OF THE GLOBAL ELDERLY CARE MARKET
1.2. CURRENCY AND PRICING
1.3. LIMITATION
1.4. MARKETS COVERED
2 MARKET SEGMENTATION
2.1. KEY TAKEAWAYS
2.2. ARRIVING AT THE GLOBAL ELDERLY CARE MARKET SIZE
2.3. GLOBAL ELDERLY CARE MARKET: RESEARCH SNAPSHOT
2.4. ASSUMPTIONS
3 MARKET OVERVIEW
3.1. DRIVERS
3.2. RESTRAINTS
3.3. OPPORTUNITIES
3.4. CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
5.1. DATA STATISTICS OF GERIATRIC POPULATION BY COUNTRY
5.2. VENDOR POSITIONING GRID AND INVESTMENT OPPORTUNITIES
5.3. TECHNOLOLGICAL ADVANCEMENTS
5.4. REIMBURSEMENT RATES BY DIFFERENT FORMS OF ELDERLY CARE SERVICES AND PRODUCTS
5.5. INSIGHTS ON TECHNOLOGICAL DEVELOPMENTS IN THE GLOBAL ELDERLY CARE MARKET
5.6. MARKET REGULATORY SCENARIO BY COUNTRY
5.7. INTERVIEW KEY INSIGHTS
6 GLOBAL ELDERLY CARE MARKET, BY PRODUCT TYPE
6.1. OVERVIEW
6.2. PHARMACEUTICALS
6.3. HOUSING AND ASSISTIVE DEVICES
6.4. TECHNOLOGY
7 GLOBAL ELDERLY CARE MARKET, BY SERVICE
7.1. OVERVIEW
7.2. INSTITUTIONAL CARE
7.3. HOMECARE
7.3. ADULT DAY CARE
8 GLOBAL ELDERLY CARE MARKET, BY APPLICATION
8.1. OVERVIEW
8.2. HEART DISEASES
8.3. CANCER
8.4. KIDNEY DISEASES
8.5. DIABETES
8.6. ARTHRITIS
8.7. OSTEOPOROSIS
8.8. NEUROLOGICAL
8.9. RESPIRATORY
8.10. OTHERS
8 GLOBAL ELDERLY CARE MARKET, BY GEOGRAPHY
8.1 COUNTRY WISE GLOBAL ELDERLY CARE MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
8.2 KEY PRIMARY INSIGHTS: BY MAJOR COUNTRIES
9 GLOBAL ELDERLY CARE MARKET: COMPETITIVE LANDSCAPE
9.1. GLOBAL ELDERLY CARE MARKET: COMPANY SHARE ANALYSIS
9.2. MERGERS & ACQUISITIONS
9.3. NEW PRODUCT DEVELOPMENT & APPROVALS
9.4. EXPANSIONS
9.5. REGULATORY CHANGES
9.6. PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
10 GLOBAL ELDERLY CARE MARKET, COMPANY PROFILES
10.1 EXTENDICARE
10.2 BROOKDALE SENIOR LIVING SOLUTIONS
10.3 KINDRED HEALTHCARE INC.
10.4 GENESIS HEALTHCARE
10.5 MILLENNIA PERSONAL CARE SERVICES
10.6 ALMOST FAMILY
10.7 BAYADA HOME HEALTHCARE
10.8 AMEDISYS
10.9 ENCOMPASS HOME HEALTH
10.10 TRINITY HEALTH
10.11 LHC GROUP, INC.
10.12 INTERIM HEALTHCARE
10.13 BENESSE STYLE CARE CO., LTD.
10.14 ECON HEALTHCARE GROUP
10.15 EPOCH ELDER CARE
10.16 ST LUKE’S ELDERCARE LTD.
10.17 NICHIIGAKKAN CO. LTD.
10.18 ROSEWOOD CARE GROUP
10.19 KAIJIAN HUAZHAN SENIOR CARE SERVICE
10.20 UNITED MEDICARE PTE LTD.
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