The coronavirus pandemic has seen an over 40 per cent surge in the Indian elder care market; the pandemic has also encouraged the elders to shop and socialise more on virtual platforms.
India is indeed a young country, with over 65 per cent of its population under the age of 35 years. However, there are 110 million elders in this country, who are above the age of 60, out of whom, 40 per cent live in urban India. From adult diapers, diagnostic and medical services to senior citizens residential complexes and security devices, the elder care market in India is worth $1.5 billion. The coronavirus pandemic has seen an over 40 per cent surge in the Indian elder care market. The lockdown has made the elderly lonelier and helpless and they have lapped up home care services. Many of them have also signed up with platforms that enable them to socialise virtually. Attending online housie sessions and antakshari competitions are much sought after by the elderly today.
Emoha Elder Care services, which offers technology-supported care for elder parents living in India services at people's doorsteps has seen a 30 per cent growth in business during the pandemic. The elder care services company in India which offers a host of services such as home ICU and other healthcare related services as well as engagement platforms, across 30 cities, claims to have saved over 65 lives during the pandemic.
India is indeed a young country, with over 65 per cent of its population under the age of 35 years. However, there are 110 million elders in this country, who are above the age of 60, out of whom, 40 per cent live in urban India. From adult diapers, diagnostic and medical services to senior citizens residential complexes and security devices, the elder care market in India is worth $1.5 billion. The coronavirus pandemic has seen an over 40 per cent surge in the Indian elder care market. The lockdown has made the elderly lonelier and helpless and they have lapped up home care services. Many of them have also signed up with platforms that enable them to socialise virtually. Attending online housie sessions and antakshari competitions are much sought after by the elderly today.
Emoha Elder Care, which offers technology-supported elder care services at people's doorsteps has seen a 30 per cent growth in business during the pandemic. The elder care services company which offers a host of services such as home ICU and other healthcare pacakges for senior citizens related services as well as engagement platforms, across 30 cities, claims to have saved over 65 lives during the pandemic. "Many of them had health emergencies and our paramedic team reached them in 30-40 minutes at the press of a button," explains Saumyajit Roy, Co-Founder, Emoha Elder Care for elderly. The Emoha app is equipped with sensor-based technology which helps find out the moment an elderly customer is in any kind of trouble. Kartik Johari, Vice-President, Nobel Hygiene (which manufactures the Friends brand of adult diapers), says that the lockdown has pushed the elderly to break out of the stigma of not accepting that they need to use diapers. "Our target audience has always been our biggest roadblock, as they prefer to suffer rather than accept that they are in trouble. COVID and the challenges around it has pushed them to use diapers. They are more open to talking about adult diapers."
source - https://www.businesstoday.in/current/corporate/elder-care-market-surges-40-as-senior-citizens-shop-socialise-digitally-amid-covid-19/story/422463.htm
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