Global Elderly Care Market to Witness Massive Growth: Koninklijke Philips N.V.; Right at Home, LLC; BAYADA Home Health Care; LHC Group, Inc.; Amedisys

Global Elderly Care Market

Elderly care is the accumulation of service offerings that are designed to cater the needs of aging population. This accumulation is given to individuals that are not equipped to handle independent living and therefore, avail assisted living services for the improvement of their health. The services that consist of elderly care are defined as nursing care, assistance in home-care living and various other services. Although the broad term may be defined for the services that are majorly provided to patients living under assisted living, which is not the case as the adoption of this solution also ensures that the patient pool can be put under observation in the comfort of their own homes without bothering about their healthcare.

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The Global Elderly Care Market report added to the storehouse of the Data Bridge Market Research examines the market status and different prospects like from the key player’s, drivers, restraints and various other growth impacting factors. Further, key players, real joint efforts, merger and acquisitions alongside drifting development and business arrangements are investigated in the Global Elderly Care Market report. The report contains essential and propelled data relating to the Elderly Care Market who clears worldwide market status and pattern, market size, share, development, patterns investigation, segments and conjectures from 2018–2025. It gives an exact diagram and the ideas of the dynamic in the Global Elderly Care Market.

Some of the major players operating in market are Koninklijke Philips N.V.; Right at Home, LLC; BAYADA Home Health Care; LHC Group, Inc.; Amedisys; Brookdale Senior Living Solutions; Compassus; ECON Healthcare Group; Encompass Health Corporation; Exceptional Living Centers; Genesis HealthCare; EXTENDICARE; Hanami Residencial; Interim HealthCare Inc.; Rosewood Care Group; ST LUKE’S ELDERCARE LTD.; Trinity Health and United Medicare Pte Ltd among others.

Market Segmentation: Global Elderly Care Market

Product type
Service
Application

The global elderly care market is segmented based on products type into two segments; housing and assistive devices and pharmaceuticals. In 2018, housing and assistive devices products segment is valued to rule with the highest market share 2025, rising at the highest CAGR of 6.6%.

The global elderly care market is segmented in service into homecare, institutional care and adult day care. In 2018, homecare segment is valued to rule with the highest market shares by 2025, rising at the highest CAGR.

Homecare is further sub segmented into health care, non-medical care. Healthcare is segmented into medical care, physiotherapy services, telehealth, palliative care and hospice care. Non-medical is segmented into personal care and rehabilitation others. Institutional care is segmented into hospital based, independent senior living, assisted living and nursing home.

The global elderly care market is segmented in Application into heart diseases, respiratory, diabetes, osteoporosis, cancer, neurological, kidney diseases, arthritis and others. In 2018, heart diseases segment is valued to rule with highest market shares and rising at the highest CAGR.

Based on geography, the market is segmented into 5 geographical regions:

North America
Europe
Asia-Pacific
South America
Middle East and Africa

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Elderly Care Market is growing due to increasing patient pool, rising awareness of home care services the effect of these factors are mentioned below:

Increasing patient pool: Patient pools of elderly care services is rising significantly as the number of individuals suffering from chronic illnesses that are above the age of 60 are rising globally. This rising number of population has ensured that the demand for elderly care is on the rise, because of its effectiveness in ensuring a better life for the patient. The combined solutions provided under the broad umbrella term of elderly care helps the patient in living a more comfortable, safe life while also preventing their early demise to a certain extent

Rising awareness of home care services: Another factor responsible for the growing nature of the market is the availability of these services in home-care settings which is the preferred alternative of the patients because they can live out their lives in the comfort of their own homes. These services are not just designed for assisting healthcare providers in assisted living facilities, rather the main focus of these services are to improve the lives of elderly population, whether they are at home or in assisted care. The awareness regarding the implementation of these services in a variety of scenarios is also improving the overall outlook of the market

Innovative product launches by the manufacturers:

In January 2019, CarePredict announced the launch of a new direct-to-consumer solution offering at the CES 2019. The launch is expected to focus on providing an AI platform connected with various sensors, wearables through which they can collect data of individuals and their behaviors by which they can detect the incidence/symptoms of any disorder

In October 2018, Vayyar Imaging announced the launch of their new product,
termed as “Walabot HOME”. The product is designed for detecting if a person has fallen in a home-care setting after which it can inform the authorities. This product also does not require the need for any wearables for this detection. The product is a discreet method of fall detection and ensuring that the individuals can be provided with the right help as soon as possible. The ease of integration of the product that is equipped with the latest sensors technology ensures complete privacy of the individual being monitored

Key Reasons to Purchase –

1) The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.

2) To gain insightful analyses of the market and have a comprehensive understanding of the Elderly Care and its commercial landscape.

3) Assess the Elderly Care production processes, major issues, and solutions to mitigate the development risk.

4) To understand the most affecting driving and restraining forces in the Elderly Care Market and its impact on the global market.

5) Learn about the market strategies that are being adopted by your competitors and leading organizations.

6) To understand the future outlook and prospects for Elderly Care Market.

Table of Contents:

1 INTRODUCTION
2 MARKET SEGMENTATION
3 MARKET OVERVIEW
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
6 GLOBAL ELDERLY CARE MARKET, BY PRODUCT TYPE
7 GLOBAL ELDERLY CARE MARKET, BY SERVICES
8 GLOBAL ELDERLY CARE MARKET, BY APPLICATION
9 GLOBAL ELDERLY CARE MARKET, BY GEOGRAPHY
10 ELDERLY CARE POPULATION SPLIT BY POINT OF CARE
11 GLOBAL ELDERLY CARE MARKET, COMPANY LANDSCAPE
12 COMPANY PROFILES

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