Market Analysis:
Brazil Elderly Care Market is expected to reach USD 93.7 Billion by 2025 from USD 61.5 Billion in 2017, at a CAGR of 5.5% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The Brazil elderly caremarket highly concentrated to a few big players and rest to local players who cater to domestic markets only. Koninklijke Philips N.V. dominated the Brazil elderly care market accounting for a highest market share in 2017, followed by Intel Corporation. Other players in this market include are Right At Home, LLC., Profilico Group Ltd., Exceptional Living Center At Brazil among others.
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Brazil Elderly Care Market,
By Type
• ({Home Care (Health Care, Non Medical Home Care),
Adult Day Care,
• Institutional Care (Nursing Homes, Hospital Based, Assisted Living, Independent Senior Living)}),
Product Type
• (Pharmaceuticals, Housing & Assistive Devices, Technology)
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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.
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
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..
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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.
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.
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