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Services For The Elderly And Persons With Disabilities Market 2022 Report Predictions By Global Industry Trends, Growth And Regional Overview 2031
Services For The Elderly And Persons With Disabilities Market Research
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The global services for the elderly and persons with disabilities market report by the business research company identifies the decreasing household size coupled with a rapidly aging population is anticipated to be a major growth driver for the services for the elderly and persons with disabilities market. The decline in household size is attributed to the reduced number of people living as a family. For instance, according to the census bureau estimates, the average household size in the United States was 2.52 people in 2019, down a quarter from the baby boom-era average of 3.36. One-person households account for 28.4% of the US total in 2019, up from 13.1% in 1960. Also, the surge in the aging population is generating higher demand for services for elderly people, thereby propelling the revenues of the market. According to the United Nations Department of Economic and Social Affairs report published on World Population Ageing 2019, there were 703 million persons aged 65 years and above in 2019 and this number is likely to double to 1.5 billion people by 2050. In addition to this, the number of people aged 80 years and older is projected to increase from 143 million in 2019 to 426 million by the end of 2050. The need for care for the aging population creates a demand for services for the elderly and disabled, which, in turn, drives the market.
The global services for the elderly and persons with disabilities market grew from $404.37 billion in 2021 to $464.9 billion in 2022 at a compound annual growth rate (CAGR) of 15.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The services for the elderly and persons with disabilities market is expected to grow to $701.36 billion in 2016 at a CAGR of 10.8%.
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Western Europe was the largest region in the services for the elderly and persons with disabilities market in 2021. Asia Pacific was the second-largest region in the services for the elderly and persons with disabilities market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the services for the elderly and persons with disabilities market are CK Franchising Inc., Right at Home Inc., Home Instead Inc., Living Assistance Services, Brookdale Senior Living Inc., Senior Care Centers of America, and BAYADA Home Health Care.
The global services for the elderly and persons with disabilities market is segmented -
1) By Service Type: Institutional care, Adult Day-care, Home Care
2) By Service Provider: Public Expenditure, Private Expenditure, Out-of-Pocket Spending
3) By End-user: Elderly, Disabled adults
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The Services For The Elderly And Persons With Disabilities Market Report Contents Include
1. Executive Summary
2. Services For the Elderly And Persons with Disabilities Market Characteristics
3. Services For the Elderly And Persons with Disabilities Market Trends And Strategies
4. Services For the Elderly And Persons with Disabilities Market - Macro Economic Scenario
5. Services For the Elderly And Persons with Disabilities Market Size And Growth
....
26. Africa Services For the Elderly And Persons with Disabilities Market
27. Services For the Elderly And Persons with Disabilities Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Services For the Elderly And Persons with Disabilities Market
29. Services For the Elderly And Persons with Disabilities Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the services for the elderly and persons with disabilities market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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