Press release
North America Geriatric Care Services Market 2019 Comprehensive Study Explores Huge Growth in Future with Leading Key Players - Gentiva Health Services, Genesis HealthCare Corp., GGNSC Holdings, Kindred Healthcare, Home Instead Senior Care and others
North America Geriatric Care Services
“North America Geriatric Care Services Market 2019” report gives distinctive insights worldwide market competition for North America Geriatric Care Services. Focusing on objectives of this report is to categorize dynamics of the market and to supply latest updates like mergers and acquisitions, numerous technological developments, new entrants within the market, that create an impression on totally different segments of the North America Geriatric Care Services market.
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About the North America Geriatric Care Services Market:
The North America geriatric care services market is expected to reach USD 421.6 billion by 2025, due to increasing life expectancy in the region. Rising advancements in technologies leading to the availability of improved healthcare services and advanced treatments alternatives is in turn increasing the life expectancy especially in the U.S. Rising health awareness among people and the adverse medical events among the geriatric population is accelerating the growth of the North America geriatric care services market.
Top Key Players of North America Geriatric Care Services market
Gentiva Health Services, Genesis HealthCare Corp., GGNSC Holdings, Kindred Healthcare, Home Instead Senior Care
Scope of the Report (Overlook 2019-2025):
The North America geriatric care services market is witnessing vivid opportunities owing to increasing consumer spending and per capita disposable incomes coupled with significant economic growth especially in Canada. Moreover, rising number of adult day care centers as well as increasing investments by governments of various economies especially on the development of adult day care centers is some other key aspects fueling the growth of the market. In addition, increasing life expectancy and increasing geriatric population is further anticipated to bolster the growth.
This growth is attributed to improvements in the existing care models. Healthcare giants are becoming costumer centric by focusing on improving service quality rather than just increasing the revenues. Also, private owners are operating various small scale nursing homes and residential homes for elderly population. Mergers and acquisitions are also playing a major role in the growth of the geriatric care services market in North America.
Increasing geriatric population is one of the key factors driving the global geriatric care services market. With the increasing age, the cartilages and other connective tissues become prone to strain due to less water content. This leads to cushioning at the joints coupled with other health ailments. Moreover, the heart, lungs, kidneys and other body organs become weak leading to increase in demand for geriatric care services. However, unstable reimbursement policies can be a major factor responsible for hindering the overall growth of the market. Also, increasing number of working women is further augmenting the demand for efficient geriatric care services especially in the states.
On the basis of service type, geriatric care services market is segmented into home care, adult care and institutional care. In 2017, home care segment accounted for the largest share of nearly 40% registering a CAGR of 5.5%. Increasing preference towards home care services when compared to institutional care services is a key factor expected to result in a significant growth of the health care services market. Home care segment is expected to witness the highest growth potential over the forecast period owing to rising inclination of consumers towards choosing hygienic and relatively more comfortable options for their treatment. Also, increasing investments by governments as well as increasing number of favourable policies by several healthcare organizations is anticipated to drive the growth of adult day care segment over the forecast period. Further, adult day care segment is anticipated to foresee a significant growth of nearly 5% between 2018 and 2025.
Key segments of the North America Geriatric Care Services market
Type Overview, 2015-2025 (USD million)
• Home Care
• Adult Care
• Institutional Care
Regional Overview, 2015-2025 (USD million)
• North America
o United States
o Canada
Table of Contents
1. Research Methodology
2. Executive Summary
3. Market Outlook
4. North America Geriatric Care Services Type Overview
5. Company Profiles
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About Adroit Market Research:
Adroit Market Research provide quantified B2B research on numerous opportunistic markets, and offer customized research reports, consulting services, and syndicate research reports. We assist our clients to strategize business decisions and attain sustainable growth in their respective domain. Additionally, we support them with their revenue planning, marketing strategies, and assist them to make decisions before the competition so that they remain ahead of the curve.
Ryan Johnson
Adroit Market Research
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Dallas, TX 75204
Tel: +1-214-884-6068
Email: sales@adroitmarketresearch.com
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