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Geriatric Care Services Market to Reach US$ 1,682 Billion by 2028

02-25-2023 04:35 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Geriatric Care Services Market

Geriatric Care Services Market

IMARC Group's latest research report, titled "Geriatric Care Services Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," The global geriatric care services market size reached US$ 1,084 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,682 Billion by 2028. exhibiting a growth rate CAGR of 7.3% during 2023-2028.

Get Free Sample Copy of Report at - https://www.imarcgroup.com/geriatric-care-services-market/requestsample

Geriatric Care Services Industry Outlook:

Geriatric care services refer to a range of specialized services and support designed to address the unique needs and challenges faced by older adults, particularly those who are frail, disabled, or suffer from chronic illnesses. The aim is to improve the quality of life for older adults by promoting independence, preventing illness and injury, managing chronic conditions, and providing compassionate end-of-life care. These services are provided by various healthcare professionals, including physicians, nurses, social workers, occupational therapists, and physical therapists. They include both medical and non-medical or personal care services, such as counseling and support, monitoring health regularly, fulfilling in-home care needs, addressing emotional concerns, and making other living arrangements.

Geriatric Care Services Market Growth:

The growing geriatric population level is driving the global market. Coupled with this, the rising prevalence of chronic disorders, including heart disease, diabetes, and cancer, among the masses is catalyzing the market. Moreover, the development of new and innovative geriatric care services, such as telemedicine, which allows doctors to provide care remotely by using wearable devices that can track vital signs and alert healthcare providers about potential issues, is providing a boost to the market. Furthermore, the governments of various countries are taking several initiatives to provide easily accessible and affordable social care services to the elderly population, thus creating a positive market outlook. Other factors, including continous improvements in healthcare infrastructure and growing awareness among individuals, are also influencing the market.

Do you know more information, Contact to our analyst at- https://www.imarcgroup.com/geriatric-care-services-market

Key Market Segmentation:

Top Companies in Global Geriatric Care Services Market:

• Amedisys Inc.
• Brookdale Senior Living Inc.
• Econ Healthcare Group
• Extendicare Inc.
• Genesis HealthCare
• Home Instead Inc. (Honor Technology Inc.)
• Kindred Healthcare
• Portea Medical
• Revera Inc.
• Rosewood Care Group Inc.
• Sunrise Senior Living LLC.

Breakup by Services:

• Home Care
• Adult Day Care
• Institutional Care

Breakup by Payment Source:

• Public Insurance
• Private Insurance
• Out-of-pocket
• Others

Breakup by Application:

• Respiratory Diseases
• Diabetes
• Heart Diseases
• Neurological Diseases
• Kidney Diseases
• Cancer
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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