Elder Care Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Elder Care Market by Service Type (Institutional Care, Community-Based Care, and Home-Based Care) and Geography (North America, Latin America, Europe, Middle East and Africa, Asia Pacific)

 

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Report

Description

Elder Care Market size is expected to grow at a CAGR of 7.3% during the forecast period 2022 to 2028. Elderly care is discussed as senior care, which comprises meeting all the necessities of senior citizens at various stages. It contains services and products that make the daily happenings of aged people easy and simple. The requirement for elderly care rises with the growing age as old people need emotional as well as physical assistance to lead healthy, productive, and independent life. Eldercare services comprise adult day care, assisted living, short-term care, long-term care, home care, and hospice. The increasing awareness regarding adult care services, home care services, and others among people worldwide will raise the demand for the market. With the speedy increase in the aged population, the necessity for elderly care is growing, and the growing request for elderly care products and services will fuel the market’s growth. The increasing number of chronic diseases such as cardiovascular drugs diseases, diabetes, obesity, osteoporosis, cancer, and dental disorders has increased. These diseases can be avoided with appropriate treatment, nutrition, and diet, along with proper recommendations from doctors. But currently, the cure can also be taken at home with the support of home healthcare services in which one does not require to visit hospitals. The global market provides a detailed overview of the Elder Care market size, which can be segmented by service type. By service type, the Elder Care market growth has been segmented into Institutional Care, Community-Based Care, and Home-Based Care. The Community-Based Care segment is likely to be the significant growing segment in terms of service type. The rise of this segment is mainly due to the advantages it offers. There are various methods for community care, such as day programs that offer activities, destinations, and monitoring for aged people. These spaces exploit the tailwind of seniors choosing to live at home for a longer time.

Key Developments:

In June 2021, TechCrunch, and Webrock Ventures partnered with Helathforce and launched telehealth products in South Africa.

In May 2022, Yodda launched eldercare services in Thane, Mumbai, and Navi Mumbai

Elder Care Market

MARKET SUMMARY
-
7.3%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 7.3%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Elder Care Market

  • The elder care market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The elder care market is segmented based on service type and geography.
Key Players
  • Kindred Healthcare (U.S)
  • Extendicare and Genesis Healthcare (U.S)
  • Senior Care Centers of America (U.S)
  • Brookdale Senior living (U.S)
  • Benesse Style Care Co., Ltd (Japan)
Elder Care Market Drivers

The increasing prevalence of chronic diseases and an increasing number of geriatric populations are anticipated to propel the market growth over the forecast years. Moreover, unceasingly changing lifestyles and the rise in telehealth and other digital services is burgeoning the market growth over the forecast years.


North American Got Significant Share

Elder Care Market

North American market is expected to witness the highest market share during the forecast period

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The Elder care market provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The Elder care market covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The Elder care market outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The Elder care market tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The Elder care market provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Elder Care Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The elder care market is projected to expand at a CAGR of 7.3% during the forecast period

Kindred Healthcare (U.S), Extendicare and Genesis Healthcare (U.S), Senior Care Centers of America (U.S), Brookdale Senior living (U.S), Benesse Style Care Co., Ltd (Japan), Econ Healthcare Group (Singapore), Epoch Elder Care (India), St Luke’s ElderCare Ltd (Singapore), Pacific Healthcare Nursing Home (Singapore)

North American is the fastest-growing region for elder care market


Report

Table Of Content

  1. Executive Summary
  2. Global Elder Care Market Introduction
    • Global Elder Care Market – Taxonomy
    • Global Elder Care Market –Definitions
      • Service Type
  1. Global Elder Care Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Elder Care Market Dynamic Factors – Impact Analysis
    • Global Elder Care Market – Competition Landscape
    • Epidemiology
  2. Global Elder Care Market Analysis,2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market OpportunityAnalysis
  3. Global Elder Care Market, By Service Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Institutional Care
      • Hospital Based Services
        • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Long-Term Care Services
        • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Rehabilitation Services
        • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Community-Based Care
        • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Home-Based Care
        • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
  1. Global Elder Care Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Elder Care Market – Opportunity Analysis Index, By Service Type, and Region, 2020 – 2026
  2. North America Elder Care MarketAnalysis,2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Service Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Institutional Care
        • Hospital Based Services
        • Long-Term Care Services
        • Rehabilitation Services
      • Community-Based Care
      • Home-Based Care
    • Country Analysis 2016 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Elder Care Market – Opportunity Analysis Index, By Service Type, ,and Country, 2020 – 2026
    • North America Elder Care Market Dynamics – Trends
  3. Europe Elder Care Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Service Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Institutional Care
        • Hospital Based Services
        • Long-Term Care Services
        • Rehabilitation Services
      • Community-Based Care
      • Home-Based Care
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Elder Care Market – Opportunity Analysis Index, By Service Type, ,and Country, 2020 – 2026
    • Europe Elder Care Market Dynamics – Trends
  4. Asia-Pacific Elder Care Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Service Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Institutional Care
        • Hospital Based Services
        • Long-Term Care Services
        • Rehabilitation Services
      • Community-Based Care
      • Home-Based Care
    • Country Analysis2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Elder Care Market – Opportunity Analysis Index, By Service Type, ,and Country, 2020 – 2026
    • Asia-Pacific Elder Care Market Dynamics – Trends
  5. Latin America Elder Care Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Service Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Institutional Care
        • Hospital Based Services
        • Long-Term Care Services
        • Rehabilitation Services
      • Community-Based Care
      • Home-Based Care
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Elder Care Market – Opportunity Analysis Index, By Service Type, ,and Country, 2020 – 2026
    • Latin America Elder Care Market Dynamics – Trends
  6. Middle East and Africa Elder Care Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Service Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Institutional Care
        • Hospital Based Services
        • Long-Term Care Services
        • Rehabilitation Services
      • Community-Based Care
      • Home-Based Care
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Elder Care Market – Opportunity Analysis Index, By Service Type, ,and Country, 2020 – 2026
    • MEA Elder Care Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Service Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Kindred Healthcare (U.S)
      • Extendicare and Genesis Healthcare (U.S)
      • Senior Care Centers of America (U.S)
      • Brookdale Senior living (U.S)
      • Benesse Style Care Co., Ltd (Japan)
      • Econ Healthcare Group (Singapore)
      • Epoch Elder Care (India)
      • St Luke’s ElderCare Ltd (Singapore)
      • Pacific Healthcare Nursing Home (Singapore)
  1. Research Methodology
  2. Key Assumptions and Acronyms

Disclaimer

The above mentioned segmentation is tentative; it is changed according to client’s requirement, or research feasibility.


Report

Company Profile

  • Kindred Healthcare (U.S)
  • Extendicare and Genesis Healthcare (U.S)
  • Senior Care Centers of America (U.S)
  • Brookdale Senior living (U.S)
  • Benesse Style Care Co., Ltd (Japan)
  • Econ Healthcare Group (Singapore)
  • Epoch Elder Care (India)
  • St Luke’s ElderCare Ltd (Singapore)
  • Pacific Healthcare Nursing Home (Singapore)

Description

Elder Care Market size is expected to grow at a CAGR of 7.3% during the forecast period 2022 to 2028. Elderly care is discussed as senior care, which comprises meeting all the necessities of senior citizens at various stages. It contains services and products that make the daily happenings of aged people easy and simple. The requirement for elderly care rises with the growing age as old people need emotional as well as physical assistance to lead healthy, productive, and independent life. Eldercare services comprise adult day care, assisted living, short-term care, long-term care, home care, and hospice. The increasing awareness regarding adult care services, home care services, and others among people worldwide will raise the demand for the market. With the speedy increase in the aged population, the necessity for elderly care is growing, and the growing request for elderly care products and services will fuel the market’s growth. The increasing number of chronic diseases such as cardiovascular drugs diseases, diabetes, obesity, osteoporosis, cancer, and dental disorders has increased. These diseases can be avoided with appropriate treatment, nutrition, and diet, along with proper recommendations from doctors. But currently, the cure can also be taken at home with the support of home healthcare services in which one does not require to visit hospitals. The global market provides a detailed overview of the Elder Care market size, which can be segmented by service type. By service type, the Elder Care market growth has been segmented into Institutional Care, Community-Based Care, and Home-Based Care. The Community-Based Care segment is likely to be the significant growing segment in terms of service type. The rise of this segment is mainly due to the advantages it offers. There are various methods for community care, such as day programs that offer activities, destinations, and monitoring for aged people. These spaces exploit the tailwind of seniors choosing to live at home for a longer time.

Key Developments:

In June 2021, TechCrunch, and Webrock Ventures partnered with Helathforce and launched telehealth products in South Africa.

In May 2022, Yodda launched eldercare services in Thane, Mumbai, and Navi Mumbai

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