Elderly Care Services Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

The growing elderly population coupled with associated age-related diseases, growing demand for residential care facilities among others. Furthermore, increase in the number of applications based on Tele-awareness and adoption of carebots due to the lack of skilled labour would mark as new upcoming trend in this industry. Elder Care primarily focuses on providing senior care services including housekeeping, homemaker service, physical therapy, occupational therapy, nursing services among others. These services can be provided through institutional care, day-care, community care or home care. The popularity of such services is increasing among the working group, owing to lack of time paired with increasing awareness about the benefit associated with the service. Moreover, the life expectancy has increased from 72.4 years in 2014 to 73.5 years in 2019.