'Demand for senior care facilities to rise amid pandemic'

New Delhi: India is at a nascent stage in terms of organised senior care and the demand for senior living and senior care services is likely to pick up as the world emerges out of the pandemic, said a stakeholder in the sector.

Tara Singh Vachani, Executive Chairperson of senior living and senior care services provider Antara said the senior population in India is fast growing with over 20 million elders who stay alone, and the number is slated to rise in the next two decades. The senior care market is currently valued at $12 billion, she said.

"India is still at a nascent stage when it comes to organised senior care but the demand for senior care services is expected to pick up due to an increase in the mass affluent elderly population, who are seeking specialized services and solutions for their changing needs," she said.

She noted that the COVID-19 pandemic has accelerated the need for dependable and professional services and solutions for seniors. India will need a robust and well-rounded senior care ecosystem to cater to the evolving needs of this population, said Vachani, who is also the Vice Chairperson of Max India. (IANS)

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