openPR Logo
Press release

What are the Drivers factors of Geriatric Care Services Market ; Eminent Players - Brookdale Senior Living Inc., Extendicare Inc., Gentiva Health services, Inc., Kindred Healthcare Inc., Senior Care Centers of America, Sunrise Senior Living Inc., Genesis

05-09-2019 02:28 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Geriatric Care Services Market

Geriatric Care Services Market

Geriatric Care Services Market size is set to exceed USD 1,490.5 billion by 2024; according to a new research study published by Global Market Insights, Inc. Rising geriatric population base coupled with growing number of chronic diseases and increasing number of long term care services is driving the geriatric care services market size over the forecast timeframe. As per the UN estimates, elderly population was over 800 million in 2012, projected to surpass 2,000 billion by 2050, hence propelling the global market growth.

Additionally, the increase in elderly population coupled with presence of various home care services, day care facilities and geriatric care establishments are likely to further enhance the geriatric care services market growth. Moreover, growing geriatric people who are susceptible to several medical complications such as neurological, respiratory, orthopedic and cardiovascular diseases coupled with increase in the advancement of technology such as the development of specialty robots skilled for assisting old people in carrying out day-to-day operations is anticipated to drive the geriatric care services market. Growing elderly population living on their own and increasing demand for effective geriatric care services will fuel business growth over the forecast period.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/433

High cost associated with geriatric care services will be a market impeding factor. In addition, lack of geriatric services in developing countries will decrease the demand, thus hindering the market growth.

Institutional care market was valued around USD 545,328.5 million in the year 2017. Presence of various nursing homes, hospitals, assisted living centers, and independent senior living centers for medical care of elderly patients is boosting the business growth in the forthcoming years.

Home care market is estimated to grow at a CAGR of 9.2% over the projection period. Several advantages offered by home care services such as lower risk of rehospitalization, greater convenience, better quality of life, and lower medical bills will boost the care service demand. Additionally, some of the best home care centers offer enrichment programs for elderly patients that are tailored to each person, accordingly, hence propelling the industry growth in the forthcoming years.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/433

Public service provider in geriatric care services market was valued around USD 616,025.4 million in the year 2017. The growing demand to cover eligible elderly population from bearing the direct burden of most health care expenditure is driving the market growth. Furthermore, in western countries like U.S., Germany, and France, governments are under increasing pressure to ensure that their citizens have access to superior healthcare services at a reasonable cost, that will in turn accentuate the market demand for public service providers.

The age category of 65-70 years in geriatric care services market is projected to grow at a considerable CAGR of 9.9% over the forecast timeframe. Increasing sedentary lifestyle, alcohol consumption and smoking is making way for an array of chronic diseases, fueling the market growth in the forthcoming years. In addition, people in the age category of 65-70 years are extremely prone to infectious diseases as well as suffer from serious orthopedic issues, that will boost the market growth.

U.S. geriatric care services market is estimated to grow at robust CAGR of 7.6% during the projection period. Increase in number of geriatric population affected with chronic diseases, recent technological advancements in geriatric care services and high healthcare expenditure in U.S. will result in largest market share in the global market.

Germany dominated the Europe geriatric care services market and was valued around USD 73,809.2 million in the year 2017. Increasing demand of attractive and cost-saving insurance plans for the elderly population is fueling the market growth in Germany. Additionally, increase in healthcare expenditure for the elderly people in Germany has led to growth in effective reimbursement policies, hence driving the business growth in the country.

Some of the leading players in the geriatric care services market include 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. These companies opt for strategic decisions such as mergers, acquisitions, and partnerships in order to increase their efficiency and sustain in the market.

Geriatric care services market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Geriatric care services market by Service
• Home Care
• Adult Day Care
• Institutional Care
o Nursing Homes
o Hospitals
o Assisted Living
o Independent Senior Living
Geriatric care services market by Service provider
• Public
• Private
Geriatric care services market by Payment source
• Public Insurance
• Private Insurance
• Out-of-pocket
• Others
Geriatric care services market by Age group
• 65-70 years
• 71-75 years
• 76-80 years
• 81-85 years
• 86-90 years
• Above 91 years

The above information is provided for the following regions/countries:
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Spain
o Italy
o Denmark
o Netherlands
• Asia Pacific
o China
o India
o Japan
o Australia
o Singapore
• Latin America
o Brazil
o Mexico
o Argentina
o Columbia
o Peru
• Middle East and Africa
o South Africa
o Saudi Arabia
o UAE
o Egypt

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Blog : http://news-researchers.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What are the Drivers factors of Geriatric Care Services Market ; Eminent Players - Brookdale Senior Living Inc., Extendicare Inc., Gentiva Health services, Inc., Kindred Healthcare Inc., Senior Care Centers of America, Sunrise Senior Living Inc., Genesis here

News-ID: 1733308 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for Geriatric

Soaring Geriatric Demographic & Sophisticated Technology Buttress Geriatric Medi …
Governments’ relentless pitch for all-round assistance for geriatric people along with technological advancements aimed at ameliorating medical assistance has underpinned the geriatric medicines market. One of the insurance programs in the United States named as the Federal Long Term Care Insurance Program has aptly incorporated near-to-full medical cost of the Americans. Factors such as longer life-expectancy, aging demographic, swelled awareness and adoption of sophisticated therapeutics are prophesized to propel the
Cataract Market Geriatric & Future Scenario 2025
Global Cataract Market: Snapshot The incrementing demand in the global cataract market is a reflection of growing geriatric population, as people aged over 60 years frequently develop conditions wherein eyes have reduced elasticity and in turn affects the normal functioning. The market for cataract is also expected to gain from awareness programs such as VISION 2020, launched by the WHO and the International Agency for the Prevention of Blindness. Request Sample Copy
Global Geriatric Drugs and Disease Management Market: High Incidence of Chronic …
Researchmoz added Most up-to-date research on "Global Geriatric Drugs and Disease Management Market: High Incidence of Chronic Ailments among Geriatric Population Crea" to its huge collection of research reports. Geriatric medicine refers to a branch of medicine dealing with the diagnosis, treatment and prevention of diseases in the elderly population. Increasing demand for geriatric care medication and services is attributed to increasing needs of the elderly population. The geriatric population suffers
Geriatric Medicines Market Analysis & Trends 2023
The global market for geriatric medicines stood at US$ 504.7 bn in 2014 and is projected to expand at a CAGR of 7.3 % during 2015–2023. Rising at this pace, the opportunities in the market is anticipated to reach US$ 948.0 bn by the end of 2023. Governments’ Push for Quality Geriatric Care Bodes Well for Market The global geriatric medicines market is primarily driven the general rise in the elderly populations
Consistent Rise in Geriatric Population is Expected to Stimulate the Growth of G …
Geriatric population is more susceptible to chronic diseases such as heart problems, joint disorders and others. Therefore, this population group needs regular use of the medicines to prevent the disease conditions. The use of complementary and alternative medicines is increasing among the geriatric population globally due to the fact that CAMs decreases the risk of adverse reactions and drug interactions. Complementary and alternative medicines include products such as dietary medicine
Consistent Rise in Geriatric Population is Expected to Stimulate Geriatric Compl …
Geriatric Complementary and Alternative Medicines (CAM) Market: Overview Geriatric population is more susceptible to chronic diseases such as heart problems, joint disorders and others. Therefore, this population group needs regular use of the medicines to prevent the disease conditions. The use of complementary and alternative medicines is increasing among the geriatric population globally due to the fact that CAMs decreases the risk of adverse reactions and drug interactions. Browse to unlock