Press release
Elderly Care Market Future Demand with Global Outlook | Genesis HealthCare, Compassus, Koninklijke Philips N.V.,Econ Healthcare Group, Trinity Health, Rosewood Care Group,
Elderly Care Market Future Demand
Global Elderly care market is expected to gain market growth in the forecast period of 2020 to 2027. RFM analyses that the market is growing with a CAGR of 7.0% in the forecast period of 2020 to 2027 and expected to reach USD 1,944,028.05 million by 2027.
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Geriatric population, rising chronic illness in ageing population and rising awareness of home care services are the major factors for the market growth.
Global elderly care market competition by top players include - Koninklijke Philips N.V. dominated the home healthcare market accounting largest market share followed by RIGHT AT HOME, LLC. and BAYADA Home Health Care along with other players such as
Hanami Residential, EXTENDICARE, Amedisy, Brookdale Senior Living Solutions, Almost Family Encompass Health Corporation, Kindred Healthcare, Inc., LHC Group, Inc., Genesis HealthCare, Compassus, Econ Healthcare Group, Trinity Health, Rosewood Care Group, Interim HealthCare, United Medicare Pte Ltd, Exceptional Living Centres
Elderly Care segmentation, by service type
By type of service, PMR distinguished the global market for geriatric care services into home care, community-based nursing and institutional care. Compared to all sectors of the global geriatric nursing service market, the institutional care sector has the largest market share in 2017 and is expected to grow at a CAGR of approximately 10.3% per annum. As the adoption rate increases, the proportion of revenue sharing in the family care and community-based protection sector is expected to increase.
On the basis of application, the market is segmented into heart diseases, respiratory, diabetes, osteoporosis, cancer, neurological, kidney diseases, arthritis and others. In 2020, heart diseases segment is expected to dominate the growth of the market due to the growing incidences of hyper tension, blood pressure, cardiovascular diseases amongst elderly patients, leading the growth of the market in the coming year.
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.
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FROM TABLE OF CONTENTS
1 Study Coverage
2 Executive Summaries
3 Market Size by Manufacturers
4 Elderly Care Production by Regions
5 Elderly Care Consumption by Regions
6 Market Size by Type
8 Manufacturers Profiles
9 Production Forecasts
10 Consumption Forecast
11 Value Chain and Sales Channels Analysis
Main Aspects covered in the Report
Overview of the ELDERLY CARE market including production, consumption, status & forecast and market growth
2015-2019 historical data and 2020-2027 market forecast
Geographical analysis including major countries
Overview the product type market including development
Overview the end-user market including development
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Contact:
Mr. A Naidu
Research for Markets
Tel: +44 8000-4182-37 (UK)
Email: alan.naidu@researchformarkets.com
About Research for Markets:
Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa
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