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Russian market for senior care houses is growing and expected to boom in the near future.

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, driven by revolutionary investment initiatives of Sberbank.
In August 2018, Sberbank, the leading bank in Russia has announces to make revolutionary change in senior care business in Russia. Sberbank is developing a special PPP (public private partnership) program with total investments of 500 BRUB (around 6.7 BEUR) to build 500 senior care houses in Russia till 2030. Changes also soon will be done in legislation and tax preferences for senior care business.

Companies and sectors benefiting from this opportunity

Russian senior care market is extremely interesting for example for Finnish companies in the following sectors:

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

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

Team Finland activities available for Finnish companies

To grab this opportunity and learn more about senior care business in Russia, participate in the second ”Russian Aging Tech Conference” 11 April 2019 in St. Petersburg.

This conference is organized during the business program of XIV international Exhibition ”Older Generation” https://zabota.expoforum.ru/

Finnish companies are invited to participate as participants and also as speakers of the conference. It is free of charge event, registration is required.

For further information, please contact

Alexei Kozlov
Senior Advisor Health
Finnish-Russian Chamber of Commerce
+7 812 322 2121
+ 358 9 424 50 831
alexei.kozlov@spb.svkk.ru


Read more about this opportunity

Russian market of senior care houses is growing a lot in Russia, around +20-30% per year and expected to boom in the nearest future, driven by revolutionary investment initiatives of Sberbank.

Presently life expectancy in Russia is on a historical maximum level of 72 years, which increases importance of senior care business. Today in Russia 25% of population are pensioners (36.7 million people)

In August 2018, Sberbank, the leading bank in Russia, announced to make revolutionary change in senior care business in Russia. Sberbank is developing a special PPP (public private partnership) program with total investments of 500 BRUB (around 6.7 BEUR) to build 500 senior care houses in Russia until 2030. Changes will also soon be done in legislation and tax preferences for senior care business.

In July 2017, Opeka (chain of senior care houses) has announced to invest 3 BRUB (around 40 MEUR) into new senior care houses in Russia, build under PPP project. One senior care houses will be build in Repino, close to St. Petersburg. Opeka has signed an agreement with city administration with obligations to invest 900 MRUB till 2021.

St. Petersburg market of private senior care houses is growing fast. In 2012 there were only 25 private operators, in 2018 already 73.

Totally there are around 2 million people in Russia who need senior care housing, of which around 70.000 in St. Petersburg only. One month living in senior care house, costs for a budget around 50-70.000 rub (670-930 eur)

It is expected that the share of state funded social services devoted to private providers will increase from 10% in 2017 to 60% by 2020. This trend also should intensify the development of private senior housing business in Russia.

 

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