Press release
Elder Care Services Market 2025 | Carewell-Service Co., Ltd, RIEI Co. Ltd Pacific Healthcare Nursing Home Cascade Healthcare Millennia Personal Care Services United Medicare Pvt Ltd.
The overall market is segmented into service type, financing source and region.
Forecast by service type
Based on service type, the market is sub-segmented into institutional care, home-based care and community-based care. The institutional care segment is projected to account for nearly 75% of revenue share of the market in 2025 and remain lucrative throughout the forecast period. However, by 2025, the community-based care remains the second leading sector to account for nearly 18% revenue share of the market.
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Forecast by financing source
In terms of financing source, the overall market is sub-segmented into out-of-pocket spending, public expenditure and private source. The public expenditure majorly finances the overall elder care services market, exhibiting a CAGR of 7.9% during the assessment period. The out-of-pocket spending will remain the second most lucrative market by recording a CAGR of 9.4% growth during 2017–2025
Forecast by region
The global market is studied across the five prominent regions
• Middle East & Africa
• Europe
• North America
• Asia Pacific
• Latin America
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The European market remains the leading market for the elder care services accounting for 37% revenue share of the market in 2017. North America is estimated as the second leading market accounting for around 30% of revenue share in the beginning of the forecast period. Although, the APAC market is projected to witness a CAGR of 11.0% as the emergent market throughout the projection period.
The key companies in the overall elder care services market include,
• Econ Healthcare Group
• St Luke's ElderCare Ltd
• Samvedna Senior Care
• Benesse Style Care Co. Ltd
• Epoch Elder Care
• Latin America Home Health Care
• ApnaCare Latin America Private Limited
• NTUC Health Co-Operative Ltd
• Nichiigakkan Co. Ltd
• Orange Valley Healthcare
• Golden Years Hospital
• SASCO Integrated Eldercare Centre
• GoldenCare Group Private Limited
• Carewell-Service Co., Ltd, RIEI Co. Ltd
• Pacific Healthcare Nursing Home
• Cascade Healthcare
• Millennia Personal Care Services
• United Medicare Pvt Ltd.
• Rosewood Care Group Inc.
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