Geriatric Care Services Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global geriatric care services market is anticipated to grow at a significant CAGR of nearly 7.0% during the forecast period (2022-2028). The major factor expected to drive the market growth is the rising geriatric population in the Asia Pacific, and the growing need for personal care for the elderly population affected due to chronic diseases. In addition, attractive reimbursement and insurance policies for the geriatric population along with growing government funding for elderly care will further boost the market growth during the forecast period.

Some major players in the market include Brookdale Senior Living Inc., Genesis Healthcare Corp., and Kindred Healthcare Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in November 2019, Sunrise Senior Living Inc. entered into a partnership with Royal Philips to introduce advanced senior care technology for residents at Welltower's flagship Manhattan community. Further, the company said that this partnership will support the company to strengthen its service portfolio across the globe. Furthermore, in February 2019, Genesis Healthcare Corp. entered into a partnership with Next Healthcare Capital involving 15 skilled nursing facilities. Further, added that the strategic move enhanced the company's overall status in the nursing home segment and extended its reach to a large pool of patients.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Service Type
•By Indication Type
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- Brookdale Senior Living Inc., Genesis Healthcare Corp., and Kindred Healthcare Inc., among others.

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Global Geriatric Care Services Market Report by Segment
By Service Type
•Homecare
•Healthcare
•Institutional Care Centers
•Non-Medical Health Care
•Hospital-Based Care
•Assisted Living
•Independent Senior Living
•Rehabilitative Care Services
By Indication Type
•Respiratory Diseases
•Diabetes
•Osteoporosis
•Heart Diseases
•Neurological Diseases
•Kidney Diseases
•Arthritis
•Cancer
•Others

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

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This release was published on openPR.