Geriatric Care Services Market - by Service Type (Home Healthcare, Assisted Living Facilities, Adult Day Care Services, Continuing Care, and Skilled Nursing Facilities), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • Published On : May 2019 |
  • Pages : 154 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Geriatric Care Services Market – Providing Effective Care for Elders

Geriatric care services play a major role in advanced healthcare, as it eases the life of the elderly population by offering a wide range of care services. The services provide assistance and end-to-end solutions in lives of the geriatric population.

The global geriatric care services market size was valued at US$ 784.7 million in 2017, and is expected to exhibit a CAGR of 7.9% over the forecast period (2018 – 2026).

Figure 1. Global Geriatric Care Services Market Value (US$ Mn), by Region, 2017

                                                                         Source: Coherent Market Insights Analysis (2019)

Increasing geriatric population prone to the risk of chronic diseases is expected to propel growth of the geriatric care services market

The rising geriatric population, prone to high risk of chronic diseases such as diabetes, cardiac disorders, arthritis, and respiratory disorders that require continuous monitoring, is expected to drive the market growth. According to World Population Prospects in 2017, global population aged over 60 years was 962 million, which is expected to reach around 2.1 billion by 2050. Globally, population aged 60 or over is increasing faster than other age groups. Furthermore, incidence of age-related diseases such as renal insufficiency and arthritis, metabolic change, Parkinson's disease, organ failures, and nervous disorders is higher in this population group.

Moreover, increasing range of services by geriatric care centers and rising demand for care services is expected to propel growth of the geriatric care services market over the forecast period. The providers of geriatric care services help patients 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 personal care assistance.  For instance, LivHome, Inc. addresses the safety issues, enables social engagement, and medication support. The company has LivHome Connect senior care technology that includes 24 hour active remote care (ARC) from in-house licensed nurses for the patients in need.

However, high cost of geriatric care services is expected to hinder the market growth in emerging economies such as India and is expected to hinder the market growth. The average cost of Home Care Aide costs around US$ 40,000 (250 work days/year).

Figure 2. Global Geriatric Care Services Market Share (%), by Service Type, 2018 and 2026

 Source: Coherent Market Insights Analysis (2019)

Increasing number of geriatric care agencies and technological advancements in North America is expected to bolster the market growth

North America holds dominant position in the global geriatric care service market, owing to increasing number of geriatric care agencies, converging trends of aging population, favorable reimbursement policies, and technological advancements. According to the Centers for Disease Control and Prevention’s Estimates in 2014, a number of patients who received care worldwide was around 4.9 million in 2013, with 12,400 home healthcare agencies in the U.S.

Additionally, according to the Geriatric Mental Health Foundation, 2018, an estimated four million people in the U.S. suffered from Alzheimer’s disease, or a related form of dementia, out of which nearly 10% were people over the age of 65, and up to 50% were over the age of 85.

Moreover, increase in government expenditure for geriatric welfare combined with increasing geriatric population is expected to bolster the market growth over the forecast period. For instance, according to the National Council of Aging Care, the U.S. government is projected to invest around US$ 1.16 trillion on Medicare by 2027, which is twice the spending in 2016.

Moreover, key players in the market are focused on expanding their service portfolio and adopting merger, acquisition, and collaboration strategies to enhance their market share. For instance, in 2014, Almost Family, Inc. acquired Medicare-certified home health agency owned by Caldwell Medical Center. Similarly, in January 2019, the newly formed group Arosa+LivHOME acquired Partners in Senior Care. This strategic move was made to expand Arosa+LivHOME’s presence in the northern suburbs of Chicago, U.S.

Key Players

Major players operating in the global geriatric care service market include , LivHOME, Brookdale Senior Living Solutions, Revera Inc., Senior Care Centers, Amedisys, Genesis HealthCare, Home Instead Senior Care, Extendicare, Portea Medical.

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:
        • U.S.
        • Canada
    • 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.

Table of Contents

  1. Research Objectives and Assumptions
    • 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
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Market Trends
    • Regulatory Scenario
    • PEST Analysis
    • Reimbursement Scenario
    • Epidemiology
    • Collaborations and Agreements
  4. Global Geriatric Care Services Market, By Service Type, 2018 – 2026, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Home Healthcare
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Assisted Living Facilities         
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Adult Day Care Services          
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Continuing Care
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
    • Skilled Nursing Facilities        
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
  5. Global Geriatric Care Services Market, By Region, 2018 – 2026, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Service Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Service Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Service Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • Germany
        • U.K.
        • France        
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Service Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Service Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Service Type, 2016 – 2026, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  6. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      •  LivHOME
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Brookdale Senior Living Solutions
        •  Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Revera, Inc.
        •  Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Senior Care Centers
        •  Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      •  Amedisys
        •  Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Genesis HealthCare
        •  Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Home Instead Senior Care
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Extendicare
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Portea Medical
        • Company Overview
        • Product Type Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies  
    • Analyst Views
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 34 market data tables and 26 figures on "Geriatric Care Services Market - Global forecast to 2026”.

Research Methodology

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  • 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
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  • Distributors
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