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Russian Market for Senior Care Expected to Boom

Russian market for senior care houses is growing a lot in Russia, around +20-30% per year and expected to boom in the nearest future.

In 2019, the national project ”Demography” was launched, one of the subsections of which is dedicated to the ”older generation”, the goal is to increase the active period of a healthy life (up to 67 years), and its duration – up to 78 years. In particular, it is planned to build about 100 senior care houses for 17,000 beds. The program is designed until 2024, the amount of financial support is about 30 BRUB (333 MEUR) from the budget. In Moscow, it is planned to spend about 1.5 BRUB (15 MEUR) on all activities of the program, in the Moscow oblast – just over 1 BRUB (10 MEUR). Currently, Russia has not developed general standards for private senior care houses, and registration in the register of social service providers is not mandatory.

COMPANIES AND SECTORS BENEFITING FROM THIS OPPORTUNITY
​Russian senior care market is extremely interesting for Finnish companies for example in the following sectors:

  • Operators of senior care houses
  • Producers of products (equipment) involved with senior care
  • Developers of IT solutions used in senior care
    etc.

SOLUTIONS OR PRODUCTS NEEDED

  • technologies, devices, facilities, equipment etc. for senior homes
  • technologies, devices, facilities etc. for home care and support of independent living
  • training programs for providers of senior care services (competence development)
    etc.

​If interested in this opportunity, please contact:

Alexei Kozlov, senior advisor
Finnish Russian Chamber of Commerce, St. Petersburg office
alexei.kozlov@spb.svkk.ru (Rus, Eng)
+7 931 989 05 00

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