Global Elder Care Services Market Will Reach A Revised Size Of Us$ 492410 Million By 2028, Growing At A Cagr Of 2.4% During 2022-2028

Elder care service providers are continuously growing due to rising number of older patients suffering from disabilities and improving day care facilities. Hence, companies are more focused in wireless connectivity and advanced devices to deliver healthcare services. In order to meet customer needs, elder care service companies are entering into various private care centres because older people tend to choose living in care facilities with specialized services requirements, which are provided in private care centres. Chronic conditions of elderly and preventive care technology are opening up niche markets. Moreover, the driving factor of such day care facilities is the overall cost of the setup, which is comparatively less than hospitalization. The day care facility is provided for 10-12 hours a day and is also expected to fuel elder care services market growth in terms of revenue over the forecast period.

Market Overview

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Elder Care Services estimated at US$ 427100 million in the year 2022, is projected to reach a revised size of US$ 492410 million by 2028, growing at a CAGR of 2.4% during the forecast period 2022-2028.

Few factors driving the growth of global elder care services market include increase in healthcare expenditure, increasing adoption of elder home care services, government funding for aged care services and well-developed infrastructure with wide-range of services. Also, rising number of elderly patients suffering from disabilities and high dependency ratio of elderly over younger population is likely to fuel the elder care services market over 2018-2026

Los Angeles, United States November 2022,- The research study presented here is a brilliant compilation of different types of analysis of critical aspects of the global Elder Care Services market. It sheds light on how the global Elder Care Services market is expected to grow during the course of the forecast period. With SWOT analysis and Porter's Five Forces analysis, it gives a deep explanation of the strengths and weaknesses of the global Elder Care Services market and the different players operating therein. The authors of the report have also provided qualitative and quantitative analyses of several microeconomic and macroeconomic factors impacting the global Elder Care Services market. In addition, the research study helps to understand the changes in the industry supply chain, manufacturing process and cost, sales scenarios, and dynamics of the global Elder Care Services market.

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Report Scope

This report aims to provide a comprehensive presentation of the global market for Elder Care Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Elder Care Services.

The Elder Care Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2021 as the base year, with history and forecast data for the period from 2017 to 2028. This report segments the global Elder Care Services market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Elder Care Services market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

Market Segmentation

This report covers the Elder Care Services segments by manufacturers, by type, by application, by region and country, and provides market size and CAGR for the history and forecast period (2017-2022, 2023-2028), considering 2021 as the base year. It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.

By Company

Benesse Style Care

Econ Healthcare

Epoch Elder Care

St Luke's ElderCare

Latin America Home Health Care

Samvedna Senior Care

ApnaCare Latin America

Nichiigakkan

Golden Years Hospital

Orange Valley Healthcare

NTUC Health Co-Operative

GoldenCare

Carewell-Service

RIEI

SNCF

Cascade Healthcare

Millennia Personal Care Services

Rosewood Care

Pacific Healthcare Nursing Home

United Medicare

Elder Care Services Segment by Type

Home-Based Care

Community-Based Care

Institutional Care

Elder Care Services Segment by Application

Community

Gerocomium

Others

Elder Care Services Segment by Region

North America (USA, Canada, Mexico)

Europe (Germany, the U.K., France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)

Reasons to Buy This Report

Informative and detailed data, historical and forecast revenue data, which is analyzed to tell you why your market is set to change. Provision of market value (USD million) data for each segment and sub-segment.

This report will help stakeholders to understand the global industry status and trends of Elder Care Services and provides them with information on key market drivers, restraints, challenges, and opportunities. This enables you to anticipate market changes to remain ahead of your competitors.

This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition. This concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly.

This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Elder Care Services industry. Keeping in mind the uncertainties of COVID-19 and Russia-Ukraine War, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Core Chapters

Chapter One: Introduces the

Report Scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2017-2022, 2023-2028). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter Two: Provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter Three: Provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter Four: Detailed analysis of Elder Care Services companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.

Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.

Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter Twelve: Research Finding/Conclusion

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