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Cii Seniorcareindustryreportindia2018 180524043125 PDF
Cii Seniorcareindustryreportindia2018 180524043125 PDF
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About CII
The Confederation of Indian Industry (CII) works to create
and sustain an environment conducive to the growth of
industry in India, partnering industry and government
alike through advisory andconsultative processes.CII is a
non–government, not–for–profit, industry led and
industry managed organization, playing a proactive role in
India’s development process. Founded over 117 years
ago, it is India’s premier business association, with a
direct membership of over 7,100 organizations from the
private as well as public sectors, including SMEs and
MNCs, and an indirect membership of over 90,000
companies from around 250 national and regional
sectoral associations. CII catalyses change by working
closely with government on policy issues, enhancing
efficiency, competitiveness and expanding business
opportunities for industry through a range of specialised
services and global linkages. It also provides a platform
for sectoral consensus building and networking.
www.cii.in
About Ignox Labs
Percentage of Population
Total Population No. of Seniors Urban Seniors Rural Seniors Life Expectancy Dependency Ratio
seniors growth rate
116
1.3Bn 9% 39Mn 77Mn 1.2% 68.3 13.7%
Mn
Percentage of Population
Total Population No. of Seniors Urban Seniors Rural Seniors Life Expectancy Dependency Ratio
seniors growth rate
158
1.4Bn 11% 67Mn 91Mn 0.8% 71 12.1%
Mn
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Foreword CII Task Force on Senior Care
Confederation of Indian Industry – Services Sector Composition
As a Services subsector Senior Care is in its nascent stage in the 7 Ms Meena Ganesh Co-Founder & Chief Executive Officer Portea Medical
Indian Economy. Despite close to 130 million seniors in India, there is
a clear lack of concerted capacity augmentation and policy support 8 Mr Adarsh Narahari Managing Director Mantri Primus Lifespaces Pvt. Ltd.
for an industry catering to senior needs. A subject like this is of social
significance and it is also important to mobilise the latent business 9 Mr Vivek Srivastava Chief Executive Officer Health Care at Home
opportunity that lies within the sector. In this context, CII strongly
feels committed to the subject and created a CII Taskforce on Senior 10 Mr Mohit Nirula Chief Executive Officer Serene Senior Care Pvt. Ltd.
Care earlier this year.
11 Mr Mathew Cherian Chief Executive Help Age India
CII is delighted to present an industry report on the potential of the
senior care sector along with policy recommendations. CII strongly 12 Mr Shashank Paranjape Managing Director Athashri Homes Pvt. Ltd
believes that a collaborative approach working between private,
public and semi-public institutions who have been doing exemplary 13 Mr Sanjay Lakhotia Founder & Director Aamoksh One Eight
work in the senior care space from various backgrounds, will help
unlock the nascent potential for growth in employment and GDP from
this sector.
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Foreword Acknowledgement
Chairperson CII Taskforce for Senior Care Co-Chairperson CII Taskforce on Senior Care
India has the youngest population in the world. The reason I started with this The CII Senior Care Industry Report 2018 was conceived on 8th of March
statement is that this is something we are well aware of and we spend all our 2018 at the inaugural meeting of the newly formed CII Task Force for Senior
energies to ensure wellbeing of the youth. However, as a nation, we cannot Care hosted at the premises of Antara Senior Living, Delhi.
overlook the fact that India also happens to have the second largest senior
population in the world. The report was commissioned by CII and contributed for by the Task Force
members. Given the time constraints and the specific objective of the report,
The senior population in India is supposed to triple by year 2050 from 2011 the author has mentioned areas of further research which can be undertaken
and longevity will increase from 67.5 in 2015 to 75.9 in 2050. However, by academic / expert bodies having research interest in the senior care field.
despite such staggering demographics, none of our urban infrastructure are The specific objective of this report was to bring out the various elements which
built to keep seniors in mind. Public transport, parks, activities for seniors, would constitute the 'senior care' sector for India, ascertaining the market
friendly side walks and age friendly homes or public spaces lack sensitivity to potential for the sector and highlighting various policy recommendations which
this age cohort. As aging population increases, we will have to spend lot more of can 'unlock' the potential of the sector.
our budget in making infrastructure suitable for seniors.
Mr. Ankur Gupta Saumyajit Roy The author wishes to thank the senior care task force members for generous
Chairperson Task Force for This report attempts to bring together various senior care service providers Co-Chairperson Task Force for contributions towards the report. Further, it wishes to thank the core team at
Senior Care; Joint MD from across economic segments as well as service and product typologies to Senior Care; Growth Consultant CII, Nandinee Kalita and Sanya Bisht for actively supporting the creation of the
Ashiana Housing Limited first come together as a unified “senior care service industry” with welfare of Antara Senior Living; task force and development of the report.
Founder – Ignox Consulting;
the senior at the center stage. The report highlights the massive opportunity for
collaboration between public and private bodies to harness emerging Special thanks are due to my research team members from Ignox Consulting -
opportunities in this space. Manisha Shekhar and Uplabdh Sharma both of whom have painstakingly
contacted over 60 senior care organisations in a limited time period and
The report also presents industry views of possible support measures which conducted all critical analysis. Credit is also due to our graphics designer Suvojit
can be undertaken by government policy makers so as to give a boost to the Mandal for aiding in developing the visual character of the report.
industry, keeping in mind potential for employment generation and quality care
for seniors. It is a personal privilege to take a lead in authoring the CII senior care industry
report 2018, after having published the first senior living white paper while
The CII- Senior care task force would like to appeal to the stakeholders of this heading the senior living practice at Jones Lang LaSalle way back in 2010.
sector to come together to promote a secured and enriching life for our
seniors. Seniors are not just mere statistics in the Indian mind-space but form the base
engine which binds our society and helps ignite our youth to higher challenges. I am
confident that the industry will rise up to the occasion and collaborate with each
other and the government to serve seniors of the nation.
Contents
“ Executive Summary
2
Senior Care in India
3
Formats of Senior Care in India
4
Employment Potential 6
7
Igniting potential through policy advocacy
8
The senior population in the world is the fastest Detailed demand estimates on latest census updates
growing segment with 60 plus population touching and other secondary research reveal that the senior
11.5% of world population. As per estimates, by housing demand from urban and rural sector is
2050, the 60 plus population will increase by 22% and approx. 2.4 Lakh houses and 51.5K houses, of which
outnumber the population below 15 years of age. This HIG is 60K, and MIG is 70K. The growth of supply side
rapidly changing global demographics has resulted in in senior living & senior care on the other hand is quite
a sharp rise in the demand for senior care services. intriguing with most senior living players, who had
This coupled with an increased life expectancy of the started 10 years back, expanding to multiple
population, and an increased tendency globally to have communities. Senior home care on the other hand,
nuclear families, has further accelerated the growth in have expanded significantly over last 5 years with over
the senior care sector. As a result of various favorable 10 formal players and rapidly expanding base.
factors, the market for products and services for
seniors is expected to increase from almost $320 The senior living industry currently employs over 4500
billion in 2013 to $436.6 billion by 2018, employees outside of the old age homes, and the
representing a five-year compound annual growth rate senior home care industry estimates are over 9180
of 6.4 percent, according to a market research report Cr.. With seniors expected to become 300 million and
by BCC Research. The global research agency 20% of the country's population, there is a strong
Persistence estimates that the global elder care potential for growth in various formats as captured
services market will reach a market valuation of USD under senior care formats.
1767 billion by end of 2025 reflecting a 8.4% CAGR
over this period. Despite positive demographic growth drivers, focused
efforts by government and policy makers, exemplary
In India, 30 years from now, the elderly population in work by leading institutions working with senior
India is expected to triple from 104 million in 2011 to citizens, and recent growth of private sector
300 million in 2050, accounting for 18% of the total involvement in various senior care formats, there is
population in 2050. To understand this in perspective, massive headroom available for development of this
while the current population of elderly in India (134m sector. The following policy level recommendations
in 2020) is fast reaching the current size of population have been captured in the report – all of which
of Mexico (130m) or Russia (143m), the 2050 requires subsequent deliberations within the task
population of elderly will be close to the population of force and then advocacy with relevant bodies.
the United States (326m - 2018) today. We have in
India approx. 12 million 80 plus population which is Objective 1: Recognition as a “Senior Care Sector”
similar to the total population of countries such as Objective 2: Reducing financial burden on senior
Belgium, Greece, or Cuba. citizens
22 22
4. Single Seniors:
20 20
In some European countries more than 40% of women aged 65 and older live alone. This rapid rise in single
18 18
seniors increases the need for senior services especially with rising age.
16 16
5. Dependency Ratios 14 14
Old age dependency ratio (ratio of older dependents to the working age population 15-64 age) show a linear 12 12
increase from 8% in 1950 to 13% in 2016. This rapid ageing and higher dependency is not associated with
10 10
relative increase in personal incomes of working population, and therefore is causing stress on household
1985 1990 1995 2000 2005 2010 2015 1985 1990 1995 2000 2005 2010 2015
financial resources. Dramatic falls in fertility in many parts of the world have also resulted in relatively lesser
number of younger people in a family.
Brazil Russian Federation India United States
ABOVE 60 POPULATION TREND ABOVE 80 POPULATION TREND China South Africa Japan
2500 500
2092
2000 400 Evolution of Senior Care
1402.4 300
1500
901 200 While ageing as a subject has found reference in history, from the Ancient Greece and Rome to Hindu
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
1623 CE
Historical Austrian census records
show 8.7% of women were widows
and4%of men were widowers.
In 2013, skilled nursing facilities accounted for the largest share of elder care service revenues with 42
1790 CE
Following the French Revolution, percent of the total. However, home healthcare agencies are projected to see the fastest growth,
villages and towns across France accounting for 35 percent of total additional elder care revenues through 2018. Gains are driven by the
hold festivals to honor elders.
shift in preference among the older population to age at home, as well as by regulatory changes that
1823 CE
One of the first homes for the aged
opens in the U.S. improve access to home-based care. Social services will also see rapidly increasing demand with the
growing availability of home and community based Medicaid waivers to pay for them.
1853 CE
One of the earliest guides to aging
published (On the Decline of Life by
Barnard Van Oven).
Evolution of Senior Care over History
Country Insights
1893 CE
Visiting Nurse Society formed to
provided charitable in-home care to
indigent seniors.
1898 CE
Oldest known living person, Misao
Okawa born. SINGAPORE AUSTRALIA
1901 CE
10% of elderly English men and 6% of
English elderly women confined to With an senior population of 1.8m, Singapore Australia has one of the leading aged care systems
workhouses(or“poorhouses”).
1906 CE
Alzheimer’s disease first needs 17k senior care units by 2020. To prepare in the world and has approx 36m senior population
described by German for the aging population, the government is working with a US$ 14.8Bn market size. The most common
psychiatrist Alois Alzheimer’s. towards a successful “aging in place” lifestyle and form of senior living in Australia is Retirement
1909 CE
New law in China says
adult children must visit
accessibility as a key enable. Government has Villages. There are approximately 2,000
their elderly parents. actively incorporated barrier-free access and retirement villages supporting 190,000 residents
First light – weight, 1933 CE “Silver Zones” to enhance road safety for the across Australia. This is the most popular form of
collapsible wheelchair. elderly. Various models are under evaluation to retirement living. Villages offer an independent
1935 CE
The term “geriatrics” coined allow elders to stay in their homes, or to share lifestyle with 1 - 3 bedroom villas or units.
by Austrian doctor ,Ignatz residences between 3-4 seniors who can live
Nascher together.
1946 CE
Hogeweyk, an evolutionary new senior housing market has attracted investor developers are rising across the country. While
dementia-care “village” opens in
Holland. interest, the entire market is at a preliminary stage most of these projects are aimed at
facing challenges such as insufficient effective accommodating aging Thai population, luxury
2010 CE
5.4 million Americans have restraints. 6-7% of senior population lives in mainly foreigners and affluent Thais. The demand
Alzheimer’s disease.
community based senior living and 3-4% of senior for senior living units in Thailand is approx 800,000
population lives in institutional housing. China will units.
2013 CE
New law in China says need 4.0 -5.2m senior units by 2020.
adult children must visit
their elderly parents.
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Seniors in India – an ageing population Median Age is fast growing in developing
nations – India was youngest at 1970!
Increases in the median age—the age at which 50 percent of the population is older and 50 percent is
younger is another way of looking at population aging. As can be seen in the graph below, India was youngest
as a country at 1970, and with 356 million 10-24 year olds, it has the world's largest youth population
today. Quite naturally, the focus of the private sector, and the policy makers is towards this productive
segment.
40 37.5
Athashri, Pune
36.1
34.5
35 33
31.4
15
5
In about 30 years from now, the elderly population in India is expected to triple from 104 million in 2011 to
0
300 million in 2050, accounting for 18% of the total population in 2050. To understand this in perspective, 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050
while the current population of elderly in India (134m in 2020) is fast reaching the current size of population
of Mexico (130m) or Russia (143m), the 2050 population of elderly will be close to the population of the
United States (326m - 2018) today. We have in India approx. 12 million 80 plus population which is similar
to the total population of countries such as Belgium, Greece, or Cuba. The current population of all seniors in Top Five Concerns of Seniors
India is same as the population of our top 25 urban cities in India. It is time for all stakeholders to create a
comprehensive mission plan for 2025 involving all stakeholders – public/private/semi-public,
healthcare/real estate/NGOs/thinktanks/international bodies
Hassles of day to
day living with
400 Physical aging, drop increasingly complex
350 297 in health amidst ecosystems Financial security
265 rising cost of and sustainability
300 amidst high inflation
235 healthcare
250 207
200
181
157
134
150 112
82 93
100 72
50
0
2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050
Though the growth rate of the elderly population dipped slightly in the 1960s and 1980s, it was always Lack of Safety, Isolation, neglect
higher than the general population and the difference between the two has widened over the period. The Security and high and lack of senior
graph alongside presents the size and growth of the elderly population in India between 1950–2100. The potential for abuse friendly social
figure shows that annual growth rate of the elderly will be over 3 percent till middle of this century indicating
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Senior Care Formats
Format Description
Specialized formats addressing varying needs of seniors
Senior Day Care Day care centers provide stimulation and rehabilitation to elders providing medical care and
Senior living across the developed world have seen an evolution of different types of senior care service facility (SD) related procedures.
formats from age-restricted independent living formats to specialized memory-care and continuing care
retirement communities to home-care provided within the person's existing home ecosystem. Each format Services provided to seniors within the senior's home addressing clinical and non-clinical support
addresses a unique set of senior needs and requires specific hardware, software and skillsets at the Home Care needs including engagement activities, ADL assistance support, housekeeping, home engineering
service provider end. (HC) support, nutrition support.
While globally there are well defined norms, development control byelaws as well as incentive models for These are for senior citizens with Special children like Autism, Cerebral Palsy, Down's Syndrome
PWD Care or Spastics. The model takes care of such senior citizens with Special children living in the Senior
development of such senior specific formats, this is still an area of opportunity in India. As the industry (PW)
evolves, it is therefore important to have a standard definition of senior care formats, so that there is Care Centre and after the demise of the parents, cares for the Special children until their death
uniformity in industry language, and policy interventions.
Palliative care is a multi disciplinary approach to specialized medical and nursing care for people
Palliative Care (PC) with life-limiting illnesses. It focuses on providing people with relief from the symptoms, pain,
Senior Age: A senior citizen is defined as age 55 for uniformity purposes across the industry. physical stress, and mental stress of the terminal diagnosis.
Model of contract: Could be free hold title sale, leasehold, license, rent, or other forms of contract
between operator / developer and the senior. The type of commercial relationship between the
senior and the provider can be to the discretion and flexibility of the service provider.
Duration: It is understood that some of the services could be for short and some for long term
tenure.
Format Description
Apartment complexes, condominiums, cooperatives and other such retirement
communities, offering private residences designed for the independent senior. These types of
Independent Living communities do not provide medical services but instead provide seniors with hassle-free
Community (IL) living, with some recreational facilities. A seniors-only housing community could be a
standalone facility or a part of a larger housing project as an area, tower or cluster of
apartments/homes.
Assisted living offers help with non-medical aspects of daily activities in an atmosphere of
Assisted Living separate, private living units. It can be likened to congregate living for residents less able to
(AL) Community function independently in all aspects of their daily lives.
Skilled nursing facilities offer the most intensive level of care on the residential care
continuum. Skilled nursing facilities are equipped to handle individuals with 24-hour nursing
Skilled nursing needs, post-operative recuperation, or complex medical care demands, as well as chronically-
facility (SNF) ill individuals who can no longer live independently. Such facilities may be freestanding or part
of a senior community. SNFs may specialize in short-term or acute nursing care, intermediate
or long-term skilled nursing care.
Memory Care Memory care facilities provide increased levels of care and safety for individuals with
facility (MC) Alzheimer's and dementia.
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Specialized formats addressing varying needs of seniors
North and South have similar presence of players 54% of projects are located in South Region Background of Senior Living Players in India Emergence of Home Care companies with non clinical focus
Central
East
3%
6%
East 6%
9%
West 14%
North West Social Care Clinical Care
17% 19% 43%
37%
39% Healthcare
Non Clinical
South Real Estate Care
North
South 18%
35%
Across senior living, care and institions, while Across Senior living sector, South is witnessing It can be seen that 63% of senior living players in While 63% of the home care companies offer
senior living projects have a higher percentage in the high acceptance rate of Senior living projects India do not come from a real estate mainly Clinical services, Non-Clinical Care based
South, there is an overall balance between followed by Northern and Western region which background. This is against the conventional companies are also showing growth with over
groups which are emerging in this space across have almost similar number of projects.The thinking that all senior living players come from 37% targetting non clinical services as well.
the country. The Eastern region has few players Eastern and Central region emerging slowly over real estate background. Each player brings a Globally, the non clinical services sector in age
currently but is emerging over the last few years. the last few years. unique blend of experience and skill set which care is larger than the clinical services sector.
are required for successful evolution of the
sector.
15 Formal Senior Care Providers 34 Senior Living Providers in India Formats of Senior Living Over 4500 direct employment by senior living alone
5% 12%
2020 2020
2015 2015
2010 2010
2005 2005
35%
2000 2000
1995 1995
1990 1990
1985 1985
1980 1980
1975 1975 48%
0 2 4 6 8 10 12 14 16 0 5 10 15 20 25 30 35 40
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Specialized formats addressing varying needs of seniors
Approx 90 communities for senior living under development with 57 operational senior living communities Senior Living communities have an averge ticket price point of INR 40 lakhs
12 11
250
10 8 8
8 7
6
50
-
Communi es
6 operators have over 50% of the stock of 90 communities in formal senior living in the country. It is fair to Senior Living in India have different ticket size in different regions across India. While the median ticket price of a
expect that with growing acceptance of the senior living model, recognition by industry and government and higher senior living unit is at INR 45 lakhs, there are local peaks as can be seen in North with a few luxury projects. 41%
availability of capital, all existing players will be able to double their number of communities. Currently, the average of units have ticket price between INR 20-50 lakhs and only 6% of communities have a ticket price above 75
communities per operator is 2.67, and most community growth has been witnessed over last 8-10 years Lakhs. While the average price point for senior living communities have seen a steady increase, there are still less
players and projects at the high end of the market.
2% 5% 1% 4% 60000
4%
South, North & West have emerged as a As expected, around 60% of the Senior Living On an average, residents in senior living projects 68% of the developers prefer to develop senior
retirement friendly destination,while Eastern and players offer Sale based disposal model, and spend minimum expenditure of INR 20,000 - living in the land size less than 5 acres.While
Central region are slowly coming into existence 23% offer lease based model, with the rest 30,000 during a month while the maximum 22% prefer to develop senior living in the land
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Specialized formats addressing varying needs of seniors
Average 230 units per community with 53% units operational 66% of communities are mid to high rise developments
12000 60
10722
10000 50 16%
8000 8017 40
22%
6000 57 30 Apt High Rise
4000 20 Apt Mid Rise
2000 20 10
537 863 12% Apt Low rise
3 6
0 0 Villa
Opera onal Under Under Design Under Planning
Construc on 50%
Communi es Units
53% of total Senior living units are operational The survey has revealed that a large percentage
which comprises 10722 functional units, of seniors prefer Low to Mid rise (62%) with only
followed by 40% under construction which 16% prefering high rise. Seniors and developers
comprises 8017 units and 7% under planning both prefer the low / mid rise owing to natural
and designing comprising 1400 units. The total perceptions of mobility and emergency risks in
inventory which is coming up in senior living as high rise buildings.
supply inclusive of all formats is 20,000 units.
- 0.6993 AS
- 2500 - 1.60Cr
PB UK
- 1700 - 5775
- 2.7144 - 0.9288 - 2685
- 9800 - 3350
HR - 6550 - 2250 NE STATES
- 2.54988 - 1.60Cr
- 9200 - 5775 UP
Pune - 6150
- 0.60948 RJ - 2685 - 19.93212
- 5490 - 6.8076 - 72000
- 3650 - 24550 - 48000 BH
Oasis Senior Care - 16400 - 9.855
Athashri
Gagan Nulife - 35600
ASLI(Association of Senior Living India) JH - 23750
Shree Sanjiwani Health Care Services
GR
V Golden Age health & mediecare - 6.12468
Ahmedabad - 3.27348
- 0.75708 - 11800
MP - 22130 WB - 7900
- 6810
- 14753
- 7.1667 - 4540 - 8.5869
- 25900 - 31000
- 17250 OD - 20700
CH - 4.12092
- 2.63412 - 14900
- 9500 - 9930
Mumbai - 6350 MH
- 2.16
Kolkata
- 10.92744 Hyderabad - 0.468
- 19450 - 39500 TE
- 12950 - 4210
- 26330 - 3.56796 - 1.04148
- 2800
- 12900 - 9300
Tata Housing-Riva
Harmony celebrate age-Silver Foundation GOA - 8600 - 6200 Tribeca Care
Zotezo
Silver Innings Gold age Retirement homes & Hospitals
Seniority - 0.3006 AP ShrachiGroup
- 1090 Kshetra by Heritage Elder Care services Godhuli Retirement Homes
Tata Trusts - 4.8249 Anvaya, Hyderabad
KR - 725 Peace Senior Living
Aaji Care Apollo Home Care
- 17440 Rukmani Amar Aangan
- 6.084 - 11620
- 22000
- 14650
Trichy
TN Ponni Delta
KE - 7.2792
- 3.3579 - 26300
- 12130 - 17550
- 8090
Kakkanad
Verandah gardens-Infra Housing Bengaluru
Chennai
Coimbatore
- 1.0053
- 9050
- 0.9279
- 8350
Demand Supply Gap in Senior Living
- 6000 - 5550
Covai Care
Brindavan Senior Citizen Foundation
Tapovan Senior Citizen's Foundation
Mantri Primus Serene Senior Living
Nandhanvanam
Current senior housing demand from urban and
Nana nani Brigade Old is gold store
rural sector is approx. 2.4 Lakh houses and 51.5K
Senior Living Housing Unit Demand Portea One Life
India Home Health Care houses, of which HIG is 60K, and MIG is 70K.
Bahri Estates
Ernakulum Beautiful years
Upto 5K 5K - 10K 10K - 15K 15K - 20K > 20K
Paradise Senior citizen homes
NMT Elder Care Current senior housing supply across 37 senior
Suvidha
Ozone Group
living players across all formats and economic
State Level Demand Kites Senior Care Specialist segments total 20K units. 53% of total Senior living
- Senior Population in Thousands
units are operational which comprises 10722
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Home based Senior Care Services
Overview Key Home Care Players
The table shows key investments made in the home care segment in India.
As per a recent paper by consulting firm Pacific Bridge Medical, the global home health care market has
been valued at USD 215 billion in 2013 and expected to grow at 8% p.a. until 2020. The report values the
India home healthcare market at USD 2.3 billion and growing at 18% per annum with seniors contributing Description
25 – 30 percent of this market. While the “senior living” market has grown significantly over the last Format
decade, the last five years has seen a dramatic rise in the growth of players in the home healthcare market
such as Portea, Healthcare at Home (Dabur), Max Healthcare (Max @ Home), India Home healthcare, Founded in December 2014 by IIT alumni Vipin Pathak, Abhishek Tiwari, Garima Tripathi and
Pranshu Sharma, Care24 offers services such as home care visits by nurses, physiotherapists
amongst others. This growth of home care is in line with global trends of disruptions in the healthcare field and attendants. The Mumbai-based healthcare startup had raised $4 million from SAIF Partners
with improvement in healthcare technologies and better integration between the hospital and home care Care24 in a Series A funding, before which its seed investor India Quotient had invested $3,50,000 in the
services. A rapidly growing aging population, increased prevalence of lifestyle and chronic diseases, firm. Aegis Care Advisors Private Limited that runs Care24 is one of India's first few venture-
penetration of smart phones and home technologies, and increased cost of hospital centric care have been backed startups in the home healthcare space.
major tailwinds for rapid growth of the home care market in India. While the current focus of key players is
on clinical home-care support services, the future is bound to see a blend of clinical and non-clinical service Critical Care Unified started in New Delhi and has been in operations for about 16 months, with
Critical Care
providers as well with services custom designed for seniors. about 600 home based patients. The firm is in discussions for raising about INR 30 – 40 Crore
Unified
from VC / Family houses.
Healthcare-focused private equity firm Quadria Capital Advisors Pvt. Ltd has committed to a
Home care services Health Care
at Home
milestone-based investment of up to $40 million in Burman family-backed home healthcare
provider Health Care At Home India. HCAH has 1500+ care workers covering more than 40
cities in India and serves over 4,00,000 patients across India.
Home care services are distinctly into two separate categories – clinical and non-clinical. The illustration on
the next page shows the variety of services under both categories. Clinical services are currently provided Established in 2009, India Home Health Care (IHHC) founded by V.Thiyagarajan provides home
by both standalone home healthcare firms and firms who are affiliated to healthcare companies. Clinical health care and home nursing services in Chennai, Bangalore, Hyderabad, Pune & Mumbai in
services include a variety of services from tele-consultation, medical appointments, pharmacy delivery, lab India. It has 800 employees — registered nurses, associate nurses and medical caretakers
India Home across these two cities. In July 2013, BAYADA Home Health Care, USA acquired 26% stake in
& diagnostics, physiotherapy, medical equipment delivery and other home based treatments. Non-Clinical India Home Health Care and formed a partnership to ensure quality home health care in India.
Healthcare
services on the other hand are designed to help a senior to reduce daily hassles of living by outsourcing Bayada employs over 18,000 nursing support staff in 250 offices throughout the United States
routine household works such as housekeeping, nutrition or home engineering to specialized teams or to and India. Bayada and India Home Health Care have announced an investment of $10 million to
enhance the senior's quality of life by offering opportunity to participate in events, learning programs, social create a pan India presence by 2016 with 3000 care workers and revenue of $12 million.
gatherings etc.
Max@Home offers patients an extension of the Max Healthcare hospital quality healthcare inside
Unlike the healthcare business, the business of home healthcare works on large volume business to be able a patient's home. While the group has been offering home care services for several years now, it
Max@Home has recently increased focus on this vertical and offers a range of healthcare services and
to sustain. This necessitates the development of high quality monitoring and technology systems to be able products through this channel. Max@Home currently has over 1000 care workers.
to improve efficiencies and bring down cost.
Having started in 1996, Nightingale has grown into a specialized home healthcare company with
expertise in treatment of chronic diseases, geriatrics, and post-operative rehabilitation. The firm
has operations in Bengaluru, Chennai, Hyderabad, Mumbai and Pune and plans to establish
Nightingale Home presence in 10 Indian metro clusters. After being acquired by Medwell Ventures in 2014, and a
Health Services Series A financing of USD 10 million by Eight Roads Ventures in May 2015, it recently raised USD
21 million in Series B funding led by Mahindra Partners, a private equity arm of the Mahindra
Group.
Bengaluru-based Portea Medical, which is owned by Healthvista India Pvt. Ltd and founded by
serial promoter K Ganesh and Meena Ganesh, raised $37.5 million (around Rs 247 crore) in a
Series B round of funding led by existing investor Accel Partners and IFC, among others in
September 2015. Subsequently, it raised Series C funding of $26 million led by Sabre Partners
Portea and MEMG CDC Ventures. Started in 2013, Portea does 120,000 home visits a month, offering
services such as chronic disease management, post-operative care, cancer care, geriatric as
well as orthopaedic care at home. It has a workforce of 5000 care workers and a presence
across 16 cities and estimates to reach 15000 care workers by 2025.
The founding team Tomojit Dutta, along with Prateep Sen, Elina Dutta, Shibaji Saha and Ritendra
Roy, started Tribeca Care at Kolkata in 2013. The firm has taken a lead in adding non clinical
Tribeca Care services such as arranging maids and specialist help through trusted partners. Since its inception
in 2014, it has served more than 5,000 customers and provided more than 200,000 bedside
60 - 80% of home care visits. It provides employment to more than 500 care workers every month in Kolkata alone.
Portea Home Care
demand originate
from senior citizens.
“The scope of home home healthcare has increased over the past five years due to the growing elderly
population. It has evolved from basic home healthcare to setting up of functioning intensive care units
(ICU) at home,” - Gaurav Thukral, executive vice president of Health Care at Home India Pvt. Ltd
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Demand for Senior Home Care
155K
0 2 5 103K
2 18
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365K
Lab & Diagnostic
LEGEND Lab & Diagnostic
No. of elderly
TOP - No. of Household Units
Down - Total market size (in Cr) Social Activities Social Activities
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
NURSING ENGINEERING
EQUIPMENTS FITNESS
PHYSIOTHERAPY SPIRITUAL
EMERGENCY TRAVEL
RECORDS WEALTH
MONITORING SECURITY
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Employment Potential
Overview Growth in Employment
A key challenge for the senior-care sector is the lack of quality human capital across the organization The senior living services sector currently is estimated to directly employ approx. 4.5K care workers across
structure of a senior care / senior living player. In the absence of trained human capital from professional 86 formal senior living communities across the country. It is anticipated that this number will rise to approx.
geriatric training programs, service providers currently hire teams from hospitality, healthcare, and real 10K care workers by 2025 as the number of communities increase over the coming years. In the senior
estate background and undertake on the job training to get teams up to speed. The senior care industry home-care segment, the market already employs approx. 12,000 care workers amongst formal players of
needs team members who have exposure to managing the emotional wellbeing of seniors and not just the which 60-80% work for senior citizens already. Industry promoters estimate that the demand for home
functional needs. It is important for teams managing seniors to be exposed to behavioral management, care workers for senior segment alone will touch about 40k-50k care workers across major home health
social support, aggression and stress management. This not only assists the senior's overall wellbeing, but and healthcare companies focused on seniors alone. Over and above this formal direct employment, there
also helps improve the care giver's mental health. will be indirect employment generation as well as employment in informal / unorganised senior care
segment of the market
Keeping in view of rising demand, National Institute of Social Defense (NISD), Ministry of Social Justice and
Empowerment is engaged in training eligible persons on elderly/Geriatric Care to generate pool of geriatric Avenues for hiring and training team members for senior care industry
Care givers in order to assist the elders who are in need. NISD has been training eligible persons on elderly resource needs.
/Geriatric Care and also through its Regional Resources Training Centers (RRTCs) located at Delhi,
Kolkata, Mumbai, Imphal, Bangalore, Hyderabad and Coimbatore. In addition to NISD, there are a few more
institutions which offer programs for senior care. Sl No. Training Institute for Geriatrics Care Courses offered
One year PG Diploma in Integrated Geriatric Care by NISD, 1 & 3 months basic course for
Resource requirements in Senior Care 1 National Institute of Social Defence , New Delhi Caregivers/Bed Assistants by NISD, RRTC's and Collaborative Agencies, and various short
term courses on geriatrics.
The senior care industry resource requirements can be divided into three segments – managerial, 2 The Mitraniketan School in India (TATA Institute of
One year Diploma Course in Geriatric Care.
technical and clinical background. While there is an overall shortage in the need for skilled manpower in all Social Sciences), Thiruvananthapuram
the streams with experience in senior care, there is severe shortage in the low to middle skilled team Institute of Management and Technical Studies-IMTS,
members.. 3 Noida , Uttar Pradesh
MBA(Geriatric Care Management)
6 Geriatrics India Center, Cochin, Six month Diploma course in Geriatric Care.
Kerela
Supervisors - Engineering, Geriatric Doctors,
Housekeeping, Security, Supervisors-Nursing,
Highly General Managers /
Horticulture, Fire Safety, Home Care,
7 NMT Nightingales Medical Trust Geriatric Care Training
Facility Managers,
Skilled Procurement, Chief Physiotheraphy, Speech
Finance Executives,
Engineer, IT Chief, F&B Therapist, Occupational 8 Madras Medical College, Chennai, MD Geriatrics
Head, Exec Chef Therapist
Machine Operators, 14 IMA AKN Sinha Institute, New Delhi Post Graduate Certificate course in Geriatrics
Low Office Assistants
Housekeeping staff, General Assistants
Skilled Security Guards, House Royal Institution India, Kosapalayam,
boys. 15 Pondicherry
Three months Certification in Aged Care
19 Calcutta Metropolitan Institute of 1-6 months Certificate Course in Geriatric Care, and various customized
Gerontology, Kolkata programs for sensitization for senior citizens.
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Igniting potential through policy advocacy Senior specific programs and initiatives
Various private and public sector bodies have over the years created specific programs
Overview targeted at seniors, which have helped improve inclusion for this segment.
Senior Citizens are currently Senior citizens above 60 years are As per information available with
offered a 50% discount on basic currently exempt from income tax Help Age India, there are 1279
fare of normal economy class upto a INR 2.5 lakhs per annum, Old Age Homes in India. Detailed
fare on any sector within India by and for those above 80 years, the information of 836 homes is
Air India. The ministry of railways exemption is for INR 5.0 lakhs per available and for 443 homes only
have concession fees for senior annum. Medical insurance for contact details are available. 543
citizens. Similar offers are senior parents, paid by an homes provide free of cost
provided by various state and city individual is deductible upto INR services while 237 old age homes
bus transport as well as metro 20,000 under Section 80D. are on pay & stay basis. 161
rail authorities to help senior Similarly, deductions are allowed homes have both free as well as
citizens. upto INR 60,000 for medical pay & stay facilities. 214 old age
treatment of dependent elderly or homes accept medical/ constant
senior citizen. care cases. 133 homes are
Beautiful Years, Bengaluru exclusively for older women
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Unlocking potential for growth of senior care
services – opportunities to collaborate Objective 1
The potential for public-private partnership programs and collaboration between private, government,
senior specific institutions, and financial bodies on specific outcome based programs, have tremendous Recognition as a “Senior Care Sector”
potential for unlocking potential in this sector. While the needs of economically weaker and disadvantaged Context: The “senior care” sector similar to other service sectors such as education, healthcare, tourism, or
sections should continue to be the focus for government policy, it is imperative that the seniors from middle hospitality needs to be recognized by various bodies as a specific industry sector dedicated to the service of
income and upper income segments are also included in the policy as co-beneficiaries. This could be seniors across economic strata. Organizations who are working across different aspects of senior care in
integrated in a manner similar to how education, healthcare and housing industries have seen PPP models various formats as covered in previous sections, should therefore be able to formally qualify for any support,
where, development of private infrastructure has also allowed for economically weaker sections to benefit certifications, partnerships apart from specific financial incentives, if any. This holistic approach will then
from such progress. have waterfall implications on creating resources, guidelines, protocols, benefitting all players who
participate in this sector. Seniors as a demographic segment must have their own identity given their
Employment generation in a formal manner with proper educational and skill development programs for specific needs and the role which they can play in the economy.
senior care will also support government goals for increasing employment for the masses. The National
Institute for Social Defense (NISD) has been actively involved in imparting training programs / certificate
courses for Geriatric Care. With increasing requirements of such professionals across home care and
senior living companies in India, there is wide potential for collaboration between various agencies so that Private Sector Government Institutions Financial Institutions
both seniors as well as mainstream employment potential increases.
Delineate formats: The Ministry for Senior Care: Accreditation and Sector Recognition:
The following are key recommendations for unlocking the senior care services sector along with
last decade has seen a Establish a separate Certification: Institutions Financial institutions
specific recommended measures for private, government, institutions and financial bodies. proliferation of ministry for senior care mandated by the central offering much required
companies offering a at central and at state ministry should be credit to service
variety of services and levels, which should be allowed to verify that providers should first
facilities to seniors. It is focused and mandated services which are recognize the sector as
important for the to work on coordinating provided by senior care an alternate investment
private sector industry various inter-disciplinary players are indeed asset class and
to come together to measures and consumed by seniors. formulate a plan for the
delineate the formats programs for seniors in This should be done not same as part of both
and services which the country. While the only as a way to audit / business engagement
OBJECTIVE would qualify as senior direct focus of the check the facilities but with senior care
care. While this report ministry should be on also with the objective of providers as well as
OBJECTIVE
Enhance human attempts to define the the economically allowing facilities to determine extent of
formats, it is vital that disadvantaged section, it enhance their rating exposure it wishes to
Reducing capital capacities the industry should promote over a period of time by take on this sector.
financial OBJECTIVE
stakeholders align on
the formats and commit
development of the
senior care sector in
enhancing their service
and facility quality
burden on to the quality and general and promote thereby promoting a
Develop legal framework responsibilities of PPP opportunities and positive development
senior citizens for setting up senior care operating such facilities investment in this curve.
facilities and operations as it is a practice in sector.
developed nations.
OBJECTIVE
OBJECTIVE
Recognition as a Increase liquidity
“Senior Care Sector” & capital allocation
to seniors and
senior care
industry
Private Sector Government Research Institutions Private Sector Government Research Institutions
Senior Care Insurance: Explore GST: Promote growth in the Capacity Building Measures: Collaborate with NISD and Explore possibility for allowing Institutions who have significant
possibility for integrated sector by offering a zero rate Evaluate efficacy and reach of existing academic institutions to partnership based programs so expertise in dealing with seniors,
insurance for seniors which GST taxation on services offered government programs for create awareness of the that accredited training centers should explore possibility of
include clinical and non-clinical by firms which are officially benefiting seniors by virtue of potential for career development for senior care can be opened in commissioning research in
needs. International best “senior care” firms affiliated to various programs which are and progression in the senior the existing senior care partnership with service
practices on bundled insurance any of the formats defined currently ongoing by central and care industry. Allow for on the communities. The opportunity for providers, on the course
products needs to be studied before. The verification on state governments. job training and internship enhancing senior care specific curriculum design for training
and developed in partnership consumption can be done on the opportunities for students from skills for fresh or lateral hire programs, effectiveness of the
with insurance firms and the basis of a senior's Aadhar card Research on income and the existing courses. for resources can be maximized existing programs, and market
IRDA. in the same manner as it is expenditure patterns: More seniors. when the community is the for establishing such centers
currently done for income tax research needs to be center for the training program across the country, in
Healthcare Players to define an exemptions for expenses made undertaken on typical income instead of a classroom setting. . partnership with service
internal “Senior Care for senior parents. This will help and expenditure of seniors operators.
masterplan” to develop reduce the cost burden across multiple economic
affordable and customized currently on senior citizens. segmentation. This will help
products and services for create better products
seniors. Tax Exemptions: 10-year tax
holiday for firms which are
authenticated “senior care
firms”. This will provide the
required time-period for
establishment and attract
investment in this sector.
“ “
To be seventy years young is sometimes far more cheerful
than to be forty years old.
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Objective 4 Objective 5
Context: The last 10 years
Develop legal framework for setting up senior care facilities and Increase liquidity and have seen an increase in the
operations to ensure sustained high quality of services number of senior specific
capital allocation to communities from about 20
Context: The current urban legal
senior citizens and communities in 2010 to
framework does not have guidelines senior care industry approx. 60 under operations
at the central level or acts at the and 30 more under
state level for development of formal development currently. The
senior care facilities. While senior home-care market has
developed nations in the west have also witnessed a dramatic
comprehensive regulatory growth with major players
framework for setting up and such as Portea, Healthcare at
running operations of senior care Home (Dabur), Max
facilities, there are no model acts, or Healthcare (Max @ Home),
guidelines to the setting up of senior India Home healthcare,
care facilities or home operations in amongst others dramatically
India. This has led to a rapid increase scaling up operations across
in variety of players with varying regions – a large percentage
definitions of quality of senior care. It of this growth is attributed to
is important to evolve a regulatory senior care. Despite supply
framework which promotes quality enhancement across senior
and service excellence in senior care living and home care over the
facilities and prevents misuse of last 8-10 years, the possibility
such facilities, programs and and headroom for further
ensures high quality care to the end growth is immense, and capital
benefactor. availability continues to be a
constant concern.
Government
Institutions Senior specific Fund /
Quality Certifications and REIT: Opportunity for
Accreditation of senior care Reverse Mortgage: establishing sector
facilities: Organizations such as Undertake appropriate specific funds dedicated
Financial Institutions Reverse Mortgage
Tata Trust & The Quality and Government assessment of Reverse for senior care / social
Accreditation Institute (QAI) have product research:
Mortgage as a assets with fund
in the recent past developed Collaborate with senior
mechanism for partners having past
guideline standards for Priority Sector: It is care providers, financial
enhancing liquidity for experience in senior
qualification of senior care recommended for RBI institutions, RBI and
Development Controls: The seniors and identify care assets. Besides
facilities and standardization of to include “senior care” seniors to help specify a
Association of Senior Living Private Sector changes which needs to private equity, there is
home healthcare to benefit the as a sub sector under changed Reverse
(ASLI) India have already be done on the current lack of an institutional
aged. It is important to widen the its priority sector listing. Mortgage product for
developed a draft model bye reverse mortgage rules. funding ecosystem
discussion on standards and Currently the listing India.
laws for development of senior similar to developed
have a framework similar to includes agriculture, PPP Funding: Allocate nations where senior
living in India. It is important that Support in Development of Develop a “Model Senior
development of masterplans MSME, Education, funding for “Model living REIT's invest in
the model bye laws get suitably framework: Actively support and Care PPP” for
with public / stakeholder Housing, Social Senior Care PPP” qualified senior living
discussed and finalized at the participate in development of development of
feedbacks towards formulation Infrastructure, and projects where state opportunities. Recent
central level as a guideline model bye laws for 1) setting up infrastructure
of such standards. Renewable energy. This governments can developments in
document so that various state of senior care facilities and 2) addressing integrated
inclusion will support allocate land and funds education, and
town planning authorities can operations and running of senior needs for the sector in
small and medium firms
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
THE
SENIOR CARE
DOSSIERS
MC PW PL SD OT
Mantri Primus IL AL CC HL SNF
MC PW PL SD OT
www.ashianahousing.com www.mantriprimus.in
Bhiwadi Chennai Lavasa Jaipur Bangalore Hyderabad Chennai Pune
Seniors served-Now (In Sr. Living) 2000 Seniors served-Now (In Sr. Living) 150
Seniors served-In 5 years (In Sr. Living) 4500 Seniors served-In 5 years (In Sr. Living) 1500
Employment served-Now (In Sr. Living) 400 Employment served-Now (In Sr. Living) 250
Employment served-In 5 years (In Sr. Living) 800 Employment served-In 5 years (In Sr. Living) 3000
USP’s CCRC, Assisted Living, Social Engangement, Wellness, Open Areas, Service orientation USP’s Lease Model, CCRC Communities, Complete focus on deliverying consistent Services and non real-estate
approach
IL AL CC HL SNF
MC PW PL SD OT
Oasis Senior Living IL AL CC HL SNF
MC PW PL SD OT
Athashri
www.oasisseniorliving.in www.pscl.in
Pune Bhopal Nagpur Pune Bengaluru Vadodra
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Serene Senior Care IL AL CC HC SNF
The Golden Estate, UCC Care IL AL CC HC SNF
www.sereneretirement.com MC PW PL SD OT www.thegoldenestate.com MC PW PL SD OT
USP’s Ownership of providing a lifestyle solution that includes hardware (residences and common amenties) USP’s The Golden Estate enable the seniors to spread their networks, form friendships with the like-minded seniors.
and software (day to day services and a menu of options that enable residents to receive the care With extensive facilities of medical care, round-the-clock, and food options based on personal preferences,
they need over time). entertainment, luxurious living, etc.
IL AL CC HC SNF
Covai Care IL AL CC HC SNF
Aamoksh-One Eighty
MC PW PL SD OT www.covaicare.com MC PW PL SD OT www.aamoksh.com
Coimbatore Bengaluru Mysore Pondicherry Chennai Pune Kodaikanal foothills (Tamil Nadu) Kasauli (Himachal Pradesh)
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Serene Senior Care IL AL CC HC SNF
The Golden Estate, UCC Care IL AL CC HC SNF
www.sereneretirement.com MC PW PL SD OT www.thegoldenestate.com MC PW PL SD OT
USP’s Ownership of providing a lifestyle solution that includes hardware (residences and common amenties) USP’s The Golden Estate enable the seniors to spread their networks, form friendships with the like-minded seniors.
and software (day to day services and a menu of options that enable residents to receive the care With extensive facilities of medical care, round-the-clock, and food options based on personal preferences,
they need over time). entertainment, luxurious living, etc.
IL AL CC HC SNF
Covai Care IL AL CC HC SNF
Aamoksh-One Eighty
MC PW PL SD OT www.covaicare.com MC PW PL SD OT www.aamoksh.com
Coimbatore Bengaluru Mysore Pondicherry Chennai Pune Kodaikanal foothills (Tamil Nadu) Kasauli (Himachal Pradesh)
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Tata Housing-Riva IL AL CC HC SNF
MC PW PL SD OT
Epoch Elder Care IL AL CC HL SNF
MC PW PL SD OT
www.tatahousing.in www.epocheldercare.com
Bengaluru Delhi-NCR Pune
USP’s 24X7 Healthcare Centre, a fully equipped library, age friendly gym, meditation and yoga room, USP’s Dementia care, established policies & procedures, person centred care, evidence based approches
concierge services, Centralised kitchen Nutritionist,Riva offers a perfect abode for those and streamlined documentation & reporting on each resident
seeking a holistic lifestyle.
IL AL CC HC SNF
MC PW PL SD OT
Brigade IL AL CC HC SNF
MC PW PL SD OT
Bahri Estates
www.brigadegroup.com www.bahriestates.com
Bengaluru Kodaikanal Bengaluru
USP’s Walking trails ,library & reading rooms ,TV room, housekeeping services including laundry care, home with USP’s Design and specifications are according to Seniors. Emergency response (Hooter) System.
medical facilities, efficient lighting, geriatric gym & physiotherapy, Yoga & Meditation, etc Call points installed in various places in case of emergency.
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Infinity Group IL AL CC HC SNF
MC PW PL SD OT
Tapovan Senior Citizen's Foundation IL AL CC HC SNF
MC PW PL SD OT
www.infinityitpark.com www.tapovan.in
Vrindavan Tamil Nadu
USP’s IGBC Certified Building, Clubhouse, Food Court, Diagnostic & Medical Centre, Elder Care Center, USP’s In-house clinic, Ayurvedic Rejuvenation centre, On-site medical tests, Recreation room with indoor games,
Spiritual Discourses, Hobby Centre, etc Library, Meditation room, Community dining hall, Energy efficient building, etc
IL AL CC HC SNF
Panchvati IL AL CC HC SNF Nandhanvanam
www.icaremylife.com
MC PW PL SD OT MC PW PL SD OT
www.panchvatihome.com Tamil Nadu
New Delhi
USP’s Short stay assisted living facility for recuperating from any illness while living alone , also when children
are travelling and want their parents in a warm loving atmosphere to take care of any emergency, USP’s Health care & fitness support, library, three level of swimming pool, Indoor games facility,
rather than leaving on servants. travel desk support, high standard lifestyle.
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Brindavan Senior Citizen Foundation IL AL CC HC SNF
Nana Nani IL AL CC HC SNF
www.seniorhomebrindavan.com MC PW PL SD OT www.nanananihomes.in MC PW PL SD OT
Coimbatore Coimbatore
USP’s Doctor's visit every day for medical care and tie-up with leading hospitals, nursing Facility, USP’s Clinic with 24 hours Nurse facility,Temple,Gym,Indoor games,Library,Ayurvedic Spa,etc
help line committee, facilities like prayer hall, celebration of festivals, discourses, lectures,
good library, sports, bank facility, gym, recreation room, etc.
IL AL CC HC SNF
Verandah Gardens-Infra Housing IL AL CC HC SNF
Suvidha
MC PW PL SD OT MC PW PL SD OT
www.infrahousing.com www.suvidha.co.in
Kakkanad Cochin Bengaluru
USP’s Recreation centre, Dining Centre, Wellness Centre, Aged care facilities, Guest rooms, Shallow pool, Jacuzzi, etc USP’s It provides facilities like Gym, Yoga, Massage centre, Car Parking, Golf carts for easy movement,
Near zero noise and environmental pollution ,Security: Round the clock, Club, Dining Area,
Badminton court, Table tennis ,Chess, Carrom, Billiards, Library, Unisex Parlour, Recreation areas.
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
ATN CON LAB MEQ PHY ENG
MC PW PL SD OT
Portea
www.goldage.in www.portea.com
NUR F&B SEC SOC OTH SPA
Hyderabad Secunderabad Vishakhapatnam Chennai Bengaluru Pune Bengaluru Chandigarh Chennai Hyderabad Indore Jaipur Kolkata Lucknow
Mumbai Nagpur Delhi-NCR Pune Visakhapatnam.
USP’s Elder friendly infrastructure, integrated boarding, lodging, medical, spiritual and recreational facilities, USP’s Dedicated Health Managers, Customised Care Plans, & Service Delivery at Home
facility management services like food, house keeping, laundry, security, gardening, maintenance etc.
MC PW PL SD OT
Kshetra by Heritage Elder Care services
www.heritagehealthcareindia.com
Health Care At Home
www.business.hcah.in
NUR F&B SEC SOC OTH SPA
Hyderabad Chennai Pune Bhubaneshwar Other cities Pan India
USP’s Care giving model is holistic with an emphasis on being person-centric.They understand that each elderly
individual's needs are different and customize their care services to suit their needs. Their vegetarian-meal USP’s One-to-one care, Patient confidentiality maintained, Eliminates travelling and waiting time, Service delivery
policy (though not always appreciated) is also a unique aspect! at more locations many of which can’t be reached by Hospitals at all.
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
ATN CON LAB MEQ PHY ENG ATN CON LAB MEQ PHY ENG
USP’s Tracheostomy and Ventilator Care, Cancer Care, Elder Care, Stroke Rehab, Cardiac Care, USP’s Active and thriving senior community, Training Program, Content and Media Properties,
Post-surgical Care, Critical Care, Palliative Care, Nursing Services. Testing and Qualification Engine, Technology Backbone with end to end visibility
ATN CON LAB MEQ PHY ENG ATN CON LAB MEQ PHY ENG
USP’s Nursing care attendants, physiotherapists and doctors for home visits. They also arrange for home sample USP’s Tribeca Care work in a friendly and efficient using the latest technologies and sharing their expertise
collection and facilitate medical equipment on rent. to make a diagnosis and implement cutting-edge therapies.
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
ATN CON LAB MEQ PHY ENG
USP’s Professional caregiving services, Nursing services, Provides Live in and Live out caregiver services.
Web & mobile platform to search, view and engage caregivers.
Mantri Primus
USP’s Senior Enrichment programmes, Support Group, Cognitive Wellness Programme,
Home services, Dementia Café, Workshop and Events, Senior Centres.
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Harmony celebrate age-Silver Foundation
www.harmonyindia.org ASLI(Association of Senior Living India)
Mumbai & Online-Pan India www.asli.org.in
Pan India
Harmony-Celebrate Age is
India’s premier lifestyle and
empowerment publication for
elders.It was launched in June
2004 by Tina Ambani, it
features people over 55 years
and their contributions to ASLI-- ASSOCIATION OF SENIOR LIVING INDIA
society, reiterating the A national voluntary membership association for Developers/
relevance of silvers in an age Service Providers/ Care Givers/NGO/ Corporates that
operate in the senior living industry
when mainstream attention is ASLI MISSION
primarily focused on the youth ASLI will work to represent, promote and protect the interests
and reinforcing the mantra of of its members and senior citizens.
active ageing. It features writing ASLI programs will aim to promote the senior living business
and articles that are and operational excellence by adapting Best Code of Practices
informative, inspiring and available globally.
motivational. ASLI will work to create communication platforms to educate
the senior population on senior living housing as a choice and
on principles of Quality care, Service, Transparency, Ethical
standards and Business excellence, provided by its members.
USP’s The latest studies and news on health; features on nutrition, fitness, diseases, medicines,
new products and healthy living. Inspirational words, expert guidance and advocacy.
Help Age India SENIOR LIVING AND CARE INDIA…A NEED AND AN IDEA WHOSE TIME HAS
COME!!!
www.helpageindia.org
The senior living and care sector in India is at the cusp of an epic start. With nearly 100
Pan India million seniors, (almost equal to entire population of some countries) there exists an
absolute untapped and grossly overlooked opportunity for Investment, Development, and
social entrepreneurship.
USP’s Supports in Mobile Healthcare, Cataract Surgeries, Physiocare, Cancer Care, Disaster Management,
Support a Gran, Old Age Homes, Livelihood Support, Elder Helplines, Impacting Elder Policies,
Empowering Elder Lives – Advant Age Program, Working with Senior Citizens Associations,
SAVE – Student Action for Value Education
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
NMT Elder Care Agewell Foundation
www.nightingaleseldercare.com www.agewellfoundation.org
Bengaluru Pan India
USP’s NMT Elder Care conceive and establish projects that provide dementia care, promote active ageing, USP’s Agewell Provides Helpline & Redressal Services, Voluntary Activities, Aadhar – Nationwide
combat elder abuse, enable social integration, empower elders and engage in capacity building. Voluntary Action Network, Research Activities,“Share a Smile with Your Elders” – School Contact
Program, Agewell Employment Exchange for senior citizens
USP’s Supports in services like Healthcare,Education, Water,Rural Upliftment, Urban Poverty Alleviation, USP’s Dignity Foundation provides Helpline and councelling for elders,Companionship, Ration for Indegent
Energy, Innovations, Institutions, Individual Grants, Others senior citizen,Slums Interventions,etc
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
Silver Talkies
www.silvertalkies.com
Bengaluru
Seniors served-Now(In Sr. Care/services) 1200-1500/Yr Zotezo main aim is to enable people to live better and longer, amidst daily life
hassles. Zotezo is a health, beauty & fitness brand. They are continuously
Employment served-Now(In Sr.Care/services) 5 working to provide 360° solution to everyone's needs.It offers products like
Zotezo Online-Serves Pan India Health & Devices, Fitness,diet, Personal care,etc for Elderly care. Elders can
Employment served-In 5 years(In Sr. Care/services) 40
choose from a catalog of products curated around health, beauty & fitness.
Kare Voyage designs and executes unique group-travel experiences across the world for
50+ travellers. The idea was to arrange Elderly the liberty, space, and leisurely pace to
experience whatever they wanted to on vacation, with them just being around for
Kare Voyage Delhi-NCR contingency and support, along with necessary local medical support and customized
arrangements for their exclusive guests. Before every tour they gather all information
from customers pertaining to their likes and dislikes, their medical history, their food
habits to give wholesome travel experience.
Silver Innings since 2008 is working towards creating an Elder Friendly World
where Ageing becomes a positive and rewarding experience. Silver Innings
Silver Innings Mumbai Mission is to uphold and secure the rights of elderly and actively work towards
improving their quality of life by networking, advocating and researching elderly
issues and providing a wide range of services according to their needs.
Beautiful Years help People find best senior care services, be it a trusted nurse,
a physiotherapist, an attendant, or a reputable retirement community to spend
Beautiful years Bengaluru, Online Portal-Pan India beautiful years there. Their assistance and recommendations are free of
charge, as well as their on-line directory of elder care services and senior living
facilities.
Seniority is India's first destination created specially for all senior citizens. They
are here to help elders with their specially curated products, selected
Seniority Mumbai, Online portal-Pan India specifically with elders in mind. One can browse through their e-commerce
platform or even their chain of retail stores.
Anvayaa wish to recreate the experience of warmth, safety, and love for the
elders whose families are far away from them .They have designed the
Anvaya,Hyderabad Hyderabad solutions at Anvaya keeping in mind the practical problems that the elderly face
every day and they are determined to create a loving, wholesome and caring
Healthcare at home actual
The Melia of Silver glades is a housing experience,spread over 17.5 acres that
thoughtfully blends in with the environment to create the ideal living space for every
Senior Citizen. It is a world-class luxury retirement community.These modern homes
Silver glades-The Melia Gurgaon have been designed to create a safe and rewarding habitat..It creates a special
tropical charm by bringing in the landscape into the built space for an atmosphere
that is ecologically sustainable and conducive to private enjoyment.
CII - India Senior Care Industry 2018 5 CII - India Senior Care Industry 2018 5
The Confederation Of Indian Industries is a non-government, not for profit, industry led &industry Manage business
CII association in India.
The Compound annual growth rate (CAGR) is the mean annual growth rate of an investment over a Specified period of
CAGR time longer than one year.
Think-tanks A body of experts providing advice and ideas on specific political or economic problems
Economic inequality is the difference found in various measures of economic well-being among
Economic Disparity Individuals in a group, among groups in a population, or among regions.
Gerontology is the study of the social, cultural, psychological, cognitive, and biological aspects of ageing
Gerontology
Real Estate Investment Trust are publicly traded companies that pool investors
REIT
Geriatrics, or geriatric medicine, is a specialty that focuses on health care of elderly people.
Geriatrics It aims to promote health by preventing and treating diseases and disabilities in older adults.
Association of Senior Living India ASLI will create guidelines to advance excellence in senior living in India and champion
ASLI quality of life for the millions of Indian seniors who will benefit from professionally-Managed senior living communities.
GRIHA GRIHA is an acronym for Green Rating for Integrated Habitat Assessment. GRIHA attempts to quantify
aspects such as energy consumption, waste generation, renewable energy adoption, etc. so as to
Manage, control and reduce the same to the best possible extent.
PFRDA The Pension Fund Regulatory and Development Authority, a statutory body, is the pension regulator
Of India which was established by Government of India on August 23, 2003
Condominiums A condominium, often shortened to condo, is a type of real estate divided into several units that are
each separately owned, surrounded by common areas jointly owned
Spastics Born with a disability which makes it difficult for them to control their muscles, especially in their arms and legs. People
now refer to someone with this disability as having cerebral palsy.
Comorbidity comorbidity is the presence of one or more additional diseases or disorders co-occurring with a Primary disease or
disorder.
Tailwinds Tailwinds describes some condition or situation that will help move growth higher.
Dependency ratio Dependency ratio is an age-population ratio of those typically not in the labour force ( above 60 years)
And those typically in the labour force.
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