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Geriatric Care Services Market will grow in North America by Latest Industry Trends, Competitive Research & Growth By 2025 Along with Top Key Players like Brookdale Senior Living, Extendicare, Gentiva Health Services, Kindred Healthcare, Senior Care Cente
Geriatric Care Services Market
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The North America Geriatric Care Services Market is expected to reach USD 421.6 billion, driven by 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 market.
North America Geriatric Care Services Market: Key Players are Brookdale Senior Living Inc., Extendicare Inc., Gentiva Health Services Inc., Kindred Healthcare Inc., Senior Care Centers of America, Sunrise Senior Living Inc., Genesis Healthcare Corp., Home Instead Senior Care Inc. and GGNSC Holdings LLC.
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.
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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.
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.
Browse the full report on North America Geriatric Care Services Market @ https://www.adroitmarketresearch.com/industry-reports/north-america-geriatric-care-services-market
About US:
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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