Geriatric care services offer end to end solutions and assistance for the elderly population. Elderly individuals suffering from dementia, or chronic diseases such as diabetes, cardiac disorders, and others require consistent care and monitoring, which is offered by market players in the form of a range of services as per the patient’s requirement.
Market Dynamics
Rising geriatric population prone to chronic diseases is a major factor driving geriatric care services market growth. According to the U.S. Census Bureau, 2015, the population in the age group of 65 years and above, is expected to increase over 60% during 2015 – 2030. It is estimated that the highest growth would be in Asia Pacific and Latin America. However, rising prevalence of dementia is expected to boost the market growth. Similarly, according to the World Alzheimer Report 2015, an estimated 46.8 million people worldwide are living with dementia, and around 9.9 million new cases of dementia are registered each year, globally.
Moreover, increasing number of elder care facilities and growing geriatric population are expected to be major factors augmenting growth of the geriatric care services market. For instance, according to figures released by Singapore's Ministry of Health, there will be around 40,000 nursing homes, home care, and community care facilities by 2020 in Singapore. Moreover, according to estimates by Eldercare Exhibition and Conference Asia, 2018, Asia Pacific is the fastest aging region worldwide with over 200 million people expected to be in the age group of 65 years and above between 2018 and 2030.
However, limited expenditure by governments is expected to restrain the market growth. For instance, according to the International Monetary Fund, 2018, Latin America governments are still spending less on pensions (less than 4% of the GDP on average) compared to around 9% in high income countries.
Key features of the study:
- This report provides in-depth analysis of the geriatric care services market and provides market size (US$ million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategy adopted by key players
- It profiles key players in the global geriatric care services market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
- Key companies covered as a part of this study include, LivHOME, Brookdale Senior Living Solutions, Revera Inc., Senior Care Centers, Amedisys, Genesis HealthCare, Home Instead Senior Care, Extendicare, Portea Medical
- Insights from this report would allow marketers and management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics.
- The global geriatric care services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the geriatric care services market
Detailed Segmentation:
- Global Geriatric Care Services Market, By Service Type:
- Home Healthcare
- Assisted Living Facilities
- Adult Day Care Services
- Continuing Care
- Skilled Nursing Facilities
- Global Geriatric Care Services Market, By Geography:
- North America
- By Service Type:
- Home Healthcare
- Assisted Living Facilities
- Adult Day Care Services
- Continuing Care
- Skilled Nursing Facilities
- By Country:
- Latin America
- By Service Type:
- Home Healthcare
- Assisted Living Facilities
- Adult Day Care Services
- Continuing Care
- Skilled Nursing Facilities
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Service Type:
- Home Healthcare
- Assisted Living Facilities
- Adult Day Care Services
- Continuing Care
- Skilled Nursing Facilities
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Service Type:
- Home Healthcare
- Assisted Living Facilities
- Adult Day Care Services
- Continuing Care
- Skilled Nursing Facilities
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Service Type:
- Home Healthcare
- Assisted Living Facilities
- Adult Day Care Services
- Continuing Care
- Skilled Nursing Facilities
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Service Type:
- Home Healthcare
- Assisted Living Facilities
- Adult Day Care Services
- Continuing Care
- Skilled Nursing Facilities
- By Country:
- South Africa
- Central Africa
- North Africa
- Company Profiles
- LivHOME *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Highlights
- Market Strategies
- Brookdale Senior Living Solutions
- Revera Inc.
- Senior Care Centers
- Amedisys
- Genesis HealthCare
- Home Instead Senior Care
- Extendicare
- Portea Medical
“*” marked represents similar segmentation in other categories in the respective section.
