💡 A Deep Dive into India's $7 Billion Elderly Care Industry
ReadOn Insights August Report: India's Elderly Care Industry. Read on!
ReadOn Insights is our latest initiative to make quality industry insights available to all business owners, employees, professionals and investors and enable them to think sharper, deeper, smarter.
In the thirteenth edition, we look at the $7 billion elderly care industry in India.
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👉 The world is ageing and India is no exception. Our ageing population is expected to be ~20% of our total population by 2050.
👉 While an ageing population presents challenges, it also creates a silver economy - all goods and services designed for the elderly.
👉 Growing home health care services, under-penetration of health insurance, and doorstep banking are driving growth for the industry.
👉 Challenges for the industry include inadequate infrastructure, policy gaps and the lack of skilled workforce to cater to the elderly.
With brands like Goodfellows, Sri Mandir and GetSetUp stirring innovation, the industry has huge untapped potential!
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