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Elder Care Services Market Foreseen to Grow Exponentially Over 2020

06-29-2017 09:21 AM CET | Health & Medicine

Press release from: Persistence Market Research

Elder Care Services Market Foreseen to Grow Exponentially Over

Elder care service, also known as elderly care service, is the fulfillment of the special needs and requirements that are unique for older people. Major services assisted to older people include home care services, institutional care, adult day care, nursing home services, long term care and hospice care.

The global elder care services market is categorized based on various types of services. The market has been segmented into adult day care, home care and institutional care. Adult day care is a planned program of activities designed to promote elder care though social and health-related services. It provides services through adult day care centers. Home care services are provided by close family members. Family members may include children, spouse, grandchildren and relatives. Institutional care is a type of treatment provided by institutes which includes hospitals and government social care centers.

In terms of geographic, North America and Europe dominates the global elder care services market. This is due to rising aging population and high adoption rates of elder care services in these regions. The U.S. represents the largest market for elder care services followed by Canada in North America. In Europe, France, Germany, Italy, Spain and the U.K. holds major share of elder care services market. However, Asia is expected to show high growth rates in the next five years in global elder care services. China and India are expected to be the fastest growing elder care services markets in Asia.

A Sample of this Report is Available Upon Request @ http://www.persistencemarketresearch.com/samples/3427

In recent time, rising number of geriatric people is key driver for the global elder care services market. In addition, chronic illnesses among aged people and increased life expectancy have also fueled the growth of global elder care services market. Moreover, numerous advantages of these services have increased the adoption rates of elder care services. For instance, adult day care services offer numerous advantages, such as living at home and skilled nursing care. These types of advantages are also contributing in growth of the global elder care services market. However, cost affordability and cultural traditions are some of the major challenges for the global elder care services market.

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Some of the major companies operating in the global elder care services market are Extendicare, Inc., Brookdale Senior Living, Inc., Genesis HealthCare Corp., GGNSC Holdings, Gentiva Health Services, Inc., Kindred Healthcare, Inc., Home Instead Senior Care, Inc., Skilled Healthcare Group, Inc. and Senior Care Centers of America.

To view complete report @http://www.persistencemarketresearch.com/market-research/elder-care-services-market.asp

About Us 
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
 PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

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