Services For The Elderly And Persons With Disabilities Market 2021 | Industry Scope, Share, Growth, Latest Trends, Opportunities And Forecast To 2030
The global services for the elderly and persons with disabilities market reached a value of nearly $ 335,878.8 million in 2020, having increased at a compound annual growth rate (CAGR) of 4.4% since 2015. The market is expected to grow from $ 335,878.8 million in 2020 to $ 558,758.4 million in 2025 at a rate of 10.7%. The market is then expected to grow at a CAGR of 8.5% from 2025 and reach $ 842,039.8 million in 2030.
The key drivers of the services for the elderly and persons with disabilities market include:
Rapid growth in the geriatric population is expected to drive the demand for elderly care services during the forecast period. The older population is prone to many physical disorders that increases the demand for patient handling equipment. The proportion of people above the age of 65 years is expected to increase globally and with it, age-related neurological disorders are also expected to increase. For example, the old population percentage is expected to grow from 28% in 2019 to 38% in 2050 in Japan. Therefore, the rise in the geriatric population would lead to an increase in the demand for patient handling equipment thereby boosting the market for patient handling equipment during the forecast period.
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Services for the elderly and persons with disabilities Market Segmentation: -
By Type Of Service -
a) Institutional care
b) Adult day care
c) Home care
By End User -
a) Disabled Adults
By Service Provider -
a) Public Expenditure
b) Private Expenditure
c) Out-of-Pocket Spending
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By Geography - The services for the elderly and persons with disabilities market is segmented Into
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Some of the major key players involved in the services for the elderly and persons with disabilities market are
1. CK Franchising Inc.
2. Home Instead Inc.
3. SF Health
4. 24 Hour Home Care
5. Living Assistance Services
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