Press release
Global Elderly Care Services Market Growth and Trends 2024
Elderly Care Services Market Growth
The new report published by The Business Research Company, titled Elderly Care Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the elderly care services market size has grown strongly in recent years. It will grow from $967.57 billion in 2023 to $1,044.86 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The elderly care services market size is expected to see strong growth in the next few years. It will grow to $1,428.11 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
Download Free Sample Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=18588&type=smp
What Is Driving The Growth Of The Global Elderly Care Services Market?
Impact Of Rising Chronic Conditions On The Growth Of Elderly Care Services
The rising prevalence of chronic conditions among seniors is expected to propel the growth of the elderly care services market going forward. Chronic conditions are long-lasting health issues that persist over time and often require ongoing management, such as diabetes, heart disease, and chronic respiratory diseases. The prevalence of chronic conditions is rising among seniors due to lifestyle factors such as poor diet, inactivity, smoking, and excessive alcohol consumption. Additionally, aging and genetic predispositions increase susceptibility to chronic diseases like cardiovascular issues and cancer. Elderly care services provide tailored support and management to address complex health needs and improve overall well-being. For instance, in May 2024, according to a report by the Alzheimer's Association, a U.S.-based nonprofit organization dedicated to Alzheimer's care, support, and research, the number of Americans aged 65 and older diagnosed with Alzheimer's dementia rose from 6.5 million in 2022 to an estimated 6.9 million in 2024. Therefore, the rising prevalence of chronic conditions among seniors will drive the growth of the elderly care services market.
What Is The Key Trend In The Global Elderly Care Services Market?
Enhancing Elderly Care With Smart Cloud Solutions
Major companies operating in the elderly care services market are developing smart elderly care cloud-based platforms to enhance remote monitoring and improve personalized care. A smart elderly care cloud-based platform is a digital system that utilizes cloud technology to offer remote monitoring, management, and support services for elderly individuals, enhancing their care and improving their quality of life. For instance, in September 2022, UBTECH Robotics, a China-based leader in intelligent humanoid robotics and AI technologies, launched the UBTECH Smart Elderly Care Cloud-based Platform integrated with AI technology, targeting the senior demographic. This comprehensive system delivers nursing services to elderly individuals at home or in community centers, focusing on six essential areas including service management, daily care management, security and health monitoring, memory-loss prevention, emotional support, and rehabilitation. The aim is to establish a highly reliable and secure platform that enhances the well-being and quality of life of the elderly, promoting happiness and health.
How Is The Global Elderly Care Services Market Segmented?
The elderly care services market covered in this report is segmented -
1) By Service Type: Homecare, Institutional Care, Adult Day Care, Other Services
2) By Service Provider: Public, Private
3) By Application: Diabetes, Alzheimer's, Respiratory Diseases, Neurological Disorders, Heart Diseases, Cancer, Other Applications
You Can Pre-Book The Global Market Report Of Your Requirement For A Swift Delivery And Also Get An Exclusive Discount On This Report, Checkout Link:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18588
How Is The Competitive Landscape Of The Global Elderly Care Services Market?
Major companies operating in the elderly care services market are Korian Group, Nichiigakkan Co. Ltd, BrightStar Care, ComForCare, RIEI Co. Ltd., Benesse Style Care Co. Ltd, NTUC Health Co-Operative Ltd, NMC ProVita International Medical Centre, Home Instead Inc, Econ Healthcare Group, Caring Senior Service, Living Assistance Services Inc., Orange Valley Healthcare, Cascade Living Group, Rosewood Care Group Inc., St Luke's Elder Care Ltd, FirstLight Home Care, ApnaCare India Pvt, Epoch Elder Care, United Medicare Centre, SASCO Integrated Eldercare Centre, Samvedna Senior Care, Carewell-Service Co. Ltd., Always Best Care
Contents Of The Global Elderly Care Services Market
1. Executive Summary
2. Elderly Care Services Market Report Structure
3. Elderly Care Services Market Trends And Strategies
4. Elderly Care Services Market - Macro Economic Scenario
5. Elderly Care Services Market Size And Growth
…..
27. Elderly Care Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore The Report Store To Make A Direct Purchase Of The Report: https://www.thebusinessresearchcompany.com/report/elderly-care-services-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Elderly Care Services Market Growth and Trends 2024 here
News-ID: 3688180 • Views: …
More Releases from The Business Research Company
Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Foam Tape Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been significant growth in the market size for foam tape. It is projected to escalate from $10.02 billion in 2024 to $10.77 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Continuous Positive Airway Pressure (CPAP) Mask Market Expansion Outlook: $3.85 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Continuous Positive Airway Pressure (CPAP) Mask Market from 2024 to 2025?
In recent times, the market size of the continuous positive airway pressure (cpap) mask has seen robust growth. The market is projected to rise from $2.83 billion in 2024 to $3 billion in 2025,…
Alkyd Coating Market to Record 7.5% CAGR Growth Through 2029 | Global Analysis R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Alkyd Coating Market Outlook: How is the Market Expected to Grow by 2025?
The market size of alkyd coatings has experienced significant growth in the past few years. The market is projected to expand from $25.13 billion in 2024 to $26.74 billion in 2025, exhibiting a compound annual growth rate…
Water Free Skincare Market Analysis: $22.5 Billion by 2029 With a CAGR of 7%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Water Free Skincare Market Value Projection: How Much Will the Market Size by 2025?
The market size of waterless skincare has experienced a robust increase in recent years. The expected growth is from $15.96 billion in 2024 to $17.15 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.…
More Releases for Care
Scalable Care Senior Care Marketing Experts
Quality marketing is crucial in the world of senior care, and that's where Scalable Care comes in. As an agency who have team members from within longterm care and assisted living marketing departments, they've been able to standout as an agency with experience and credible backgrounds. How? Using data-led tactics, they have boosted their clients' online visibility and grown engagement with their target audience.
They proudly say their style of marketing…
Care Right There Home Care Continues Prioritizing New Jersey Elderly Care
Care Right There Home Care, a top NJ senior care provider, offers personalized, compassionate care to enrich the lives of the elderly. With a focus on individual needs and meaningful relationships, they provide daily assistance and complex healthcare services to improve seniors' quality of life across New Jersey. Google it at https://carerightthere.com for more information.
New Jersey - Care Right There Home Care, a distinguished provider of senior care services, is…
Transforming Home Care with Care and Beyond Home Care
Montgomery Village, MD - Care and Beyond Home Care is revolutionizing the landscape of home healthcare services, setting a new standard of excellence that goes above and beyond the ordinary. With a steadfast commitment to providing professional and compassionate care, Care and Beyond Home Care has emerged as a beacon of support for families across Montgomery County, Prince Georges County, Howard County, and Frederick County.
In an era where personalized attention…
Ayurvedic Market by Product (Healthcare, Personal Care, Skin Care, Hair Care, Or …
According to a new report published by Allied Market Research, titled, "Ayurvedic Market: Global Opportunity Analysis and Industry Forecast, 2022-2029" Ayurveda is a system of medicine that has its origination roots in the Indian subcontinent. It uses natural healing practices to cure clinical conditions such as sinusitis, cough, depression, and insomnia. Ayurveda therapies have been integrated in general wellness and in some cases in medical use worldwide. In addition, ayurvedic…
Home Care Market Exceptional Business Performance | Polishes, Surface Care, Toil …
Report Ocean released a report that presents a detailed analysis of the Global Home Care Market, along with insights into key factors which drive the market.
The report is a comprehensive and systematic analysis of the market, providing key statistics on market developments, analyst opinions, competitive landscapes, and regional analysis, among other factors. This report presents a comprehensive and expert analysis of key business trends and market forecasts for Global Home…
Baby Care and Mother Care Market - Taking Care of a Newborn
Baby care and mother care products are meant for infants and mostly children under the age of four. These products are specifically formulated to be non-irritating and have mild use ingredients which are selected to make the products organic and natural. A number of key players now manufacture personal care products for mother and child that are designed specifically for use during pregnancy.
Obtain Report Details @ https://www.transparencymarketresearch.com/baby-care-and-mother-care-market.html
The global baby care…
