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Rising Alzheimer's Disease Cases Drive Growth in the Adult Day Care Market: Powering Innovation and Expansion in the Adult Day Care Market by 2025
Adult Day Care
What Is the Expected CAGR for the Adult Day Care Market Through 2025?
In recent times, the market size of adult day care has seen a robust growth. The market, which will expand from $16.94 billion in 2024 to $18.11 billion in 2025, is expected to register a compound annual growth rate (CAGR) of 6.9%. The significant growth during the historic period is due to factors such as increasing need for transitional care, transition from traditional family structures to nuclear families, heightened demand for home and community-based care (HCBC), improved awareness about elderly care, and expansion in adult care centers.
What's the Projected Size of the Global Adult Day Care Market by 2029?
The market size of adult day care is projected to experience significant expansion in the coming years, predicted to reach $23.28 billion by 2029, with a compound annual growth rate (CAGR) of 6.5%. The anticipated growth during this period can be accredited to factors such as escalating chronic illnesses, heightened life expectancy, an expanding elderly population globally, increased demand for competent healthcare services for the elderly, and a rise in conditions like Alzheimer's and dementia among the aged. Key trends projected for this period encompass advancements in technology, progressive mental health solutions, inventive teaching methodologies for children, tailored care programs, and innovative developments in adult day care technologies.
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Top Growth Drivers in the Adult Day Care Industry: What's Accelerating the Market?
The growth of the adult day care market is anticipated to be fueled by the rising prevalence of Alzheimer's disease. This neurodegenerative disorder progressively causes memory loss, cognitive deterioration, and instills the sense of incapability in performing routine tasks. The onset of Alzheimer's disease is influenced by a variety of biological factors, including the build-up of amyloid plaques and tau tangles, genetic predisposition, inflammatory reactions, among others, all culminating in the gradual neuron loss and cognitive impairment. Adult day care services offer a crucial role in Alzheimer's treatment offering structured activities, specialized care, and opportunities for socializing in a protected environment. It aids in symptom management, enhances the quality of life, and provides assistance to caregivers. To illustrate, data collected by the Office for National Statistics Census, a UK government institution, in May 2024 suggests that in 2023, dementia and Alzheimer's disease emerged as the prime causes of death in England and Wales, responsible for 66,876 deaths (11.5%), a surge from 65,967 deaths (11.4%) in 2022. Consequently, the surge in Alzheimer's disease prevalence is triggering the expansion of the adult day care market.
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What Trends Will Shape the Adult Day Care Market Through 2029 and Beyond?
Leading companies in the adult daycare market are drawing from innovation to provide services that merge with memory care therapies, aimed at improving life quality for the elderly. These groundbreaking services use personalized tactics and remedial activities, focusing on enhancing cognitive skills, emotional health, and social involvement of those affected by memory impairments. To illustrate, Town Square Sandy Springs, an adult day centre based in the US, launched an advance Town Square adult daycare and memory care center in December 2022. The center, fundamentally creative, offers a reminiscent environment of the 1950s, designed specifically to engage seniors, particularly those dealing with memory disorders. The Center delivers individual care plans and therapeutic activities focused on boosting cognitive abilities and emotional health. Town Square Sandy Springs merges nostalgia therapy and social interaction to form a supportive group for the elderly, thereby fostering their overall wellbeing and contentment.
What Are the Main Segments in the Adult Day Care Market?
The adult day caremarket covered in this report is segmented -
1) By Type: Medical Focused, Dementia Specific, Respite Care, Recreational, Other Types
2) By Service: Adult Social Day Services, Adult Day Healthcare Services, Specialized Day Care Services
3) By Funding: Private, Public
4) By End-User: Elderly, Disabled Individuals, Other End-Users
Subsegments:
1) By Medical Focused: Chronic Disease Management, Post-Surgical Care, Medication Management, Pain Management, Physical Therapy And Rehabilitation
2) By Dementia Specific: Alzheimer's Care, Parkinson's Disease Care, Memory Care Services, Cognitive Support Programs, Behavior Management Programs
3) By Respite Care: Short-Term Care, Family Caregiver Support, Emergency Respite Services, Overnight Respite Services
4) By Recreational: Social And Group Activities, Arts And Crafts Programs, Fitness and Wellness Programs, Outdoor Activities and Excursions, Music And Therapy Programs
5) By Other Types: Hospice Care, Palliative Care, Multi-Disciplinary Services, Spiritual Or Religious Services
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Which Top Companies are Driving Growth in the Adult Day Care Market?
Major companies operating in the adult day care market are Orpea Group, Home Instead Inc., Trinity Health Corporation, Koninklijke Philips N.V., Encompass Health Corporation, Bayada Home Health Care Inc., Interim HealthCare Inc., Brookdale Senior Living Inc., BrightStar Care, Amedisys Inc., LHC Group Inc., FC Compassus LLC, Extendicare Inc., Exceptional Living Centers, Age U.K., Rosewood Care Group, St Luke's ElderCare Ltd., Living Assistance Services Inc., Caring People Inc., Right at Home LLC, Senior Care Centers of America, Ascension Living Saint Joseph, SH Town Square Franchising Inc., United Medicare Pte Ltd
Which Regions Will Dominate the Adult Day Care Market Through 2029?
North America was the largest region in the adult day care market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the adult day care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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