Global Geriatric Care Services Market, By Service Type (Home Healthcare, Assisted Living Facilities, Adult Day Care Services, Continuing Care, Skilled Nursing Facilities), and By Geography - Trends, Analysis and Forecast till 2024

Geriatric Care Services – Ageless Care

Aging increases the risk of chronic diseases such as diabetes, cardiac disorders, arthritis, and respiratory disorders that require continuous monitoring. Also, aging decreases bone density that makes it a challenge for the geriatric population to continuously manage their medical needs and perform their daily activities. Hence, the need for geriatric care services arises, which to a great extent eases the life of the elderly population. Increasing need for continuous health assistance by the elderly population is driving demand for continuing care.

The global geriatric care services market was valued at US$ 599.6 billion in 2015 and is expected to expand at a CAGR of 4.2% during the forecast period (2016 – 2024).

Figure 1. Global Geriatric Care Services Market Size and Forecast, US$ Billion and Y-o-Y Growth (%), 2014–2024

geriatric care services market

Source: Coherent Market Insights Analysis (2017)

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Growing elderly population base driving the growth of geriatric care services market

Population aged 65 years and above is expected to grow more than 60% during the 2015-2030 (U.S. Census Bureau, 2015). The study estimates that the highest growth would be in Asia and Latin America. Africa on the other hand is the youngest region as of 2015 and is expected to remain so in the near future. Therefore, growth of elderly care in respective regions is estimated to follow a similar trend. However, affordability is one factor that would have negative impact on the growth of geriatric care services market in emerging economies such as India, Brazil, and China. Therefore, service providers need to offer cost-effective products in order to attract the relatively cost-sensitive customers in these countries.

Increasing range of services by geriatric care centers to improve the geriatric care services market outlook

Geriatric care centers has evolved from being mere psychological support to nursing care and supervision. Geriatric care centers have well-trained specialists for different geriatric care needs. Services include health planning, problem-solving, health assessment and monitoring, home-care services, and personal care assistance. Furthermore, the providers of geriatric care services help customers to choose the most appropriate insurance policies as per their individual needs. The geriatric care managers also offer counseling and support, crisis intervention, decisions regarding appropriate housing options, money management, and assistance with moving an elderly to or from different types of housing. LivHome Technology+, by LivHome, Inc., addresses the safety issues, enables social engagement, and medication support. The company has LivHome Connect that includes 24 hour Active Remote Care (ARC) from in-house licensed nurses to the patients in need.

Growing demand for continuing care in the global geriatric care services market

Geriatric care centers provide services include home healthcare, assisted living facilities, adult day care services, continuing care recruitment, and skilled nursing facilities. Skilled nursing facilities and home healthcare are the major revenue contributors for providers, owing to involvement of more time and workforce in these service types. However, demand for continuing care is increasing rapidly. Elderly population is highly prone to injuries, and therefore require continual care. Also, increasing women labor workforce participation has led to increase in demand for continuing care. The continuing care service type segment in the global geriatric care services market is projected to develop at a CAGR of 4.6% during the forecast period (2016-2024).

Elderly population suffering from chronic conditions require frequent physician visits, health monitoring and assistance in performing daily activities. Geriatric care service providers offer end-to-end solutions to the elderly population in need of assistance in order to ease their living. Coordinating with the doctor, assessing any medical or nutritional need, assistance in medical and financial planning, home nursing services, and devising complete medical care plans are some of the services offered by various geriatric care service market players.

Market Dynamics

According to a report published in March 2016 by the United States Census Bureau, the geriatric population (aged 65 years and above) is expected to account for 12% of the global population by 2030 and further to 16.7% by 2050 as compared to 8.5% in 2015. The report further states that the population in Asia and Latin America is aging rapidly. Therefore, demand for geriatric care services is projected to be high in Asia and Latin America during the forecast period (2016–2024).

Moreover, traditional family support system is weakening, owing to increase number of women in the workforce and increasing migration in search of employment. Therefore, there is a growing need for long-term care facilities for elderly population. Increasing elderly population is also compelling governments to adequately fund healthcare programs and elderly care services. This has further encouraged the establishment of many geriatric care service centers across the globe.

Market Taxonomy

This report segments the global geriatric care services market on the basis of service type and geography. The geriatric care services market is classified on the basis of service type as home healthcare, assisted living facilities, adult day care services, continuing care recruitment, and skilled nursing facilities. For comprehensive understanding of market dynamics, the is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed based on the market findings across major countries in these regions for a macro-level understanding of the market.

Key features of the study:

  • This report provides in-depth analysis of the geriatric care services and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2016 – 2024, considering 2015 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global geriatric care services market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
  • Key companies covered as a part of this study include Brookdale Senior living, Sunrise Senior Living Inc., Senior Care Centers of America, Kindred Healthcare Inc., GGNSC Holdings, LLC, Extendicare, Inc., Home Instead Senior Care Inc., Gentiva Health Services Inc., and Genesis Healthcare Corp
  • Insights from this report will allow marketers and the management authorities of companies to make informed decision with respect to their future product launch, technology upgrades, market expansion, and marketing tactics
  • The global geriatric care services market report caters to various stakeholders in this industry, including investors, geriatric care service providers, assistive device manufacturers, distributors and suppliers, research and consulting firms, new entrants, and financial analysts
  • Various strategy matrices used in analyzing the geriatric care services market would provide stakeholders vital inputs to make strategic decisions accordingly

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
      • U.S.
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • Canada
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
    • Europe
      • U.K.
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • Germany
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • Italy
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • France
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • Spain
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
      • Skilled nursing facilities Russia
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • Rest of Europe
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
    • Asia-Pacific
      • China
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • India
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • Japan
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • ASEAN
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • Australia
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • South Korea
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • Rest of Asia Pacific
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
    • Latin America
      • Brazil
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • Mexico
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • Argentina
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • Rest of Latin America
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
    • Middle East
      • GCC
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • Israel
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • Rest of Middle East
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
    • Skilled nursing facilities Africa
      • North Africa
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • Central Africa
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
      • South Africa
        • By Service Type:
          • Home healthcare
          • Assisted living facilities
          • Adult day care services
          • Continuing care recruitment
          • Skilled nursing facilities
  • Company Profiles
    • Brookdale Senior Living*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Sunrise Senior Living Inc.
    • Senior Care Centers of America
    • Kindred Healthcare Inc.
    • GGNSC Holdings, LLC
    • Extendicare, Inc.
    • Home Instead Senior Care Inc.
    • Gentiva Health Services Inc.
    • Genesis Healthcare Corp

 

“*” marked represents similar segmentation in other categories in the respective section.

 

 

 

Table of Contents

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Service Type
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Epidemiology/Prevalence/Incidence
      • Promotion and Marketing Initiatives
  4. Global Geriatric Care Services Market, By Service Type, 2014 - 2024 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Home healthcare
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Billion)
    • Assisted living facilities
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Billion)
    • Adult day care services
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Billion)
    • Continuing care
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Billion)
    • Skilled nursing facilities
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Billion)
  5. Global Geriatric Care Services Market, By Regions, 2014 - 2024 (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, For Regions, 2014 - 2024
    • North America
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
    • Europe
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • France
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Others
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
    • Asia Pacific
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • China
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • India
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Others
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
    • Latin America
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Others
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
    • Africa
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
    • Middle East
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • GCC Countries
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Service Type, 2014 - 2024 (US$ Billion)
  6. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Brookdale Senior Living
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sunrise Senior Living Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Senior Care Centers of America
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Kindred Healthcare Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • GGNSC Holdings, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Extendicare, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Home Instead Senior Care Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Gentiva Health Services Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Genesis Healthcare Corp
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans Analyst Views
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 90 market data tables and 40 figures on " Geriatric Care Services Market - Global forecast to 2024”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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