Press release
Market for Elder Care Services Projected to Grow at a CAGR of 8.4% During 2017 – 2025
Elder Care Services Market
With an increase in the worldwide geriatric population brought about by changing global demographics, there has been a sharp rise in demand for elder care services. An increased life expectancy of the population has further augmented this demand in the global market, leading to the growth of several businesses providing elder care services at a global level. Further, the family structure has moved to a more nuclear system in several countries of the world, necessitating the outsourcing of elderly caregiving to hospitals and healthcare institutions, as the preference of nuclear families is shifting towards different service types such as institutional care and community based care. These factors are anticipated to boost revenue growth of the global elder care services market, which, according to Persistence Market Research analysis, will reach a market valuation of US$ 1,767.3 Bn by the end of 2025, up from an estimated US$ 927.1 Bn in 2017, reflecting a CAGR of 8.4% over the forecast period (2017–2025).
Read Report @ https://www.persistencemarketresearch.com/market-research/elder-care-services-market.asp
Institutional care is slated to remain the largest segment by service type in the global elder care services market in terms of revenue, with an estimated 75% market share by the end of 2025. Community-based care is the second largest segment, with about 18% value share by the end of the forecast period
Public and government expenditure is the largest source of financing in the global elder care services market, projected to grow at a CAGR of 7.9% over the forecast period. The public expenditure segment dominated the global elder care services market in terms of financing source in 2016, and the trend is projected to continue throughout the forecast period. Public expenditure is expected to account for the largest share of financing of elder care, with a market attractiveness index of 1.8 over the forecast period. Out-of-pocket spending is anticipated to be the second most common form of financing for elder care, with a market attractiveness index of 0.8 over the forecast period. However, in terms of CAGR growth, the out-of-pocket spending segment holds the first place – recording 9.4% growth during 2017 – 2025
According to Persistence Market Research forecasts, Europe will remain the largest regional market for elder care services, estimated to hold a revenue share of about 37% in 2017. North America is the second largest regional market, with a projected revenue share of about 30% in 2017. However, the Asia Pacific market for elder care services is predicted to be the fastest growing regional market, registering the highest regional CAGR of 11.0% during the forecast period.
Request Sample Report @ https://www.persistencemarketresearch.com/samples/3427
The report profiles some of the top companies operating in the global elder care services market such as Benesse Style Care Co., Ltd, Econ Healthcare Group, Epoch Elder Care, St Luke's ElderCare Ltd, Latin America Home Health Care, Samvedna Senior Care, ApnaCare Latin America Private Limited, Nichiigakkan Co. Ltd, Golden Years Hospital, Orange Valley Healthcare, NTUC Health Co-Operative Ltd, GoldenCare Group Private Limited, Carewell-Service Co., Ltd, RIEI Co.,Ltd, SASCO Integrated Eldercare Centre, Cascade Healthcare, Millennia Personal Care Services, Rosewood Care Group Inc., Pacific Healthcare Nursing Home, United Medicare Pte Ltd.
Buy now @ https://www.persistencemarketresearch.com/checkout/3427
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.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com
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 Market for Elder Care Services Projected to Grow at a CAGR of 8.4% During 2017 – 2025 here
News-ID: 849031 • Views: …
More Releases from Persistence Market Research
Europe Calf Milk Replacer Market to Reach US$1,657.2 Mn by 2032 | Driven by Risi …
The Europe calf milk replacer market is poised for significant growth over the coming years. The market size is projected to reach US$1,018.6 million in 2025 and is anticipated to expand to US$1,657.2 million by 2032, registering a robust compound annual growth rate (CAGR) of 7.2% during the forecast period from 2025 to 2032. The growth trajectory is driven by the increasing awareness among dairy farmers regarding the nutritional requirements…
Croscarmellose Sodium Market to Reach $487 Mn by 2032, Driven by Rising Pharma D …
The global croscarmellose sodium market is projected to witness significant expansion over the forecast period, reflecting the growing adoption of pharmaceutical excipients across diverse applications. Valued at approximately US$ 288.7 million in 2025, the market is expected to reach US$ 487.0 million by 2032, registering a compound annual growth rate (CAGR) of 7.8% from 2025 to 2032. This growth trajectory is driven primarily by increasing demand for orally disintegrating tablets…
Europe Egg Replacement Ingredients Market to Reach $1,711.1 Mn by 2032, Driven b …
The Europe egg replacement ingredients market is witnessing significant expansion, driven by the increasing adoption of plant-based diets and rising consumer awareness regarding health and wellness. The market size is projected to reach US$ 952.2 million in 2025 and is expected to surge to US$ 1,711.1 million by 2032, registering a robust CAGR of 8.7% over the forecast period from 2025 to 2032. The growing demand for clean-label products, vegan…
Kraft Paper Market to Reach US$ 25.0 Billion by 2032: Growth Driven by Rising De …
The global Kraft Paper market is undergoing significant expansion, driven by the accelerating shift toward eco-friendly packaging materials and the rising global awareness surrounding sustainability. As industries worldwide transition from plastic-based packaging to biodegradable alternatives, kraft paper has emerged as one of the most sought-after materials due to its strength, recyclability, and versatility.
According to the latest study by Persistence Market Research, the global Kraft Paper market size is projected to…
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…
