The senior care industry landscape – the trends and challenges.
P S Srikumar
Executive Director Bharathi Meraki Elements | Founder Care Finder? | Senior Care Expert | Transforming Elder Care through Integrated Solutions & Community Building | Served 9,000+ Families | 20+ Senior Care Projects
Care Finder? (Integrated Eldercare Solutions Pvt ltd., ) turns 9 on 18th June 2024.? In our journey in the last nine years,? we’ve? always been amazed at the way the care industry has unfolded.??? The industry is vast and the opportunities are enormous.? One of the few industries that are socially meaningful and at the same time rewarding as a business.?? It’s been encouraging to see investments flow into the sector like never before.?? Luminis partners,? Morgan Stanley, Signature Group,?? RPG Ventures,? ?Manipal Investments , ( a few to name) have opened the doors and imagination to many more investors to look at this industry and its players.??? Organizations like CII,? Association of Senior Living (ASLI),? DIA (NGO) and others have been making significant contributions to this space.
From Healthcare & hospitals,? ?products,? services,? real estate,? finance,? AI & IT,? health care staffing,? facilities management,?? NGOs?? ..? the senior care landscape is exciting and inviting.??? Collaborations and consolidations ( eg.,? Healthcare at Home, Kites CPC ) are redefining the industry.?? The social forums,? senior groups, pensioners associations ?and social groups are all keen to understand this industry, its impact on their business and how it can help them.?? The marketing gurus have predicted that if businesses fail to recognize the emergence and growth of this sector,? it? is at the peril of them losing out on business.?? This is evident from the increased outreach to this segment through advertisements and social media. ???
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The? number of startups coming up in this space is a testimony to the diverse needs of this industry.? Significant share? of deposits in banks are from this segment.?? Insurance sector is opening up to this segment now.? Social issues are addressed and represented.?? Be it loneliness, or need for conversations,? or just a buddy system to help out elders….? The senior care industry is certainly on the growth trajectory. @ impacting people and their lives. Anantha Raman R Rajagopal G Dr. Karthik Narayan R Arun X Joe Davis
Founder @ Sukoon Unlimited | IIM A | Ex-Amazon, Glance
9 个月Congratulations and best wishes Srikumar Sampathkumaran sir!
Heritage Foundation India
9 个月Best wishes Srikumar as you move towards the next year. You have been a very reliable and agency to go when services for the elderly are required. A few of my family members were the beneficiaries of your service. I am sure with you leading the Care Finder team with passion, you will achieve much more as an organisation to benefit the elderly persons. Best of luck ????????
President @ Kotak Mahindra Bank | HEAD INTERNAL AUDIT
9 个月Living long with life style aka ailments and alone aren't going to change with times. .. But trustworthy, responsive and credible care givers is the only solace.. Dear Sri.. Congratulations for the journey thus far.. Wish you and the team care finder passionate purposeful success in years ahead as well..
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9 个月Congratulations ??
Chief Operating Officer | Gerontologist | Longevity & Aging Advisor | Champion for Older Adults
9 个月Congratulations on your 9th Anniversary ! You are doing great work.