Addressing dependence | The need for adaptative offers

Bruno De La Rochebrochard | Equity Research Analyst, Business Services

Demographic challenges (the number of people aged 80+ is expected to more than double by 2070 in Europe), budgetary constraints and widespread dissatisfaction among professionals and users of elderly care are all creating strong pressure for change. Most people prefer to stay at home rather than in a specialized unit, and home care costs less. Technology will play a leading role in this transformation: it has the potential to make home care integrated and all-encompassing, with doctors, hospitals, pharmacies, seniors and relatives all connected to IT platforms. Care can be monitored continuously and delivered faster and more cheaply, in a safe environment. Going forward, we expect the home to be the place where care is provided for the longest period of time, with technology allowing for remote delivery and monitoring. Retirement homes will cater to the very elderly for a relatively short period of time. The same logic probably applies to rehabilitation clinics. Patients will only stay for a few days before heading back to their connected home. We are seeing an acceleration of the shift in demand away from traditional models to a new focus on home care.

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