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Elder Care Services Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Elder Care Services Market SizeThe global Elder Care Services market was valued at US$ 405010 million in 2023 and is anticipated to reach US$ 492410 million by 2030, witnessing a CAGR of 2.4% during the forecast period 2024-2030.
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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.
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
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.
By Type
• Home-Based Care
• Community-Based Care
• Institutional Care
By Application
• Community
• Gerocomium
Key Companies
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
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