- Institutional Care
- Adult Daycare
- Home Care
Elderly Care Services Market size was valued at USD 715.8 billion in 2022 and is poised to grow at a CAGR of 5.4% from 2023-2029. Elderly care is known as senior care and includes meeting all the needs of older people at different stages. It includes products and services that simplify and facilitate seniors' daily activities. The need for elder care increases with age, as older adults require physical and emotional support to lead productive, healthy, and independent lives. Senior care services include assisted living, adult day care, long-term care, acute care, hospice care, and home care. Senior housing development provides developers the opportunity to design and build age-appropriate housing and amenities, meeting the need for comfortable and accessible living spaces for seniors.
Additionally, as the preference for seniors continues to grow, home healthcare companies have a great opportunity to provide seniors with personalized care, medical attention, and companionship from the comfort of their own homes. The nature of care for older adults varies greatly from country to country and even from region to region and is changing rapidly. Globally, older adults of all age groups spend the most on healthcare. The proportion of older people is also increasing worldwide, particularly in developing countries where there is constant pressure to reduce fertility and family size.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
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.
The elderly care services market is projected to expand at a CAGR of 14.1% during the forecast period
ImmunoGen, Inc., Bayer AG, Biogen, Hoffmann-La Roche Ltd., GlaxoSmithKline Plc, Amgen, Inc., Pfizer Inc., Sanofi, Novartis AG, Merck, AbbVie
North America is the fastest-growing region for elderly care services market
1.Executive Summary |
2.Global Elderly Care Services Market Introduction |
2.1.Global Elderly Care Services Market - Taxonomy |
2.2.Global Elderly Care Services Market - Definitions |
2.2.1. By Service Type |
2.2.2. By Funding Source |
2.2.3. By Service Provider |
2.2.4. By Region |
3.Global Elderly Care Services Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Elderly Care Services Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Elderly Care Services Market By Service Type , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
5.1. Institutional Care |
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Adult Daycare |
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Home Care |
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6.Global Elderly Care Services Market By Funding Source, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
6.1. Public expenditure |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Private expenditure |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Out-of-Pocket Spending |
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7.Global Elderly Care Services Market By Service Provider, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
7.1. Public |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Private |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
8.Global Elderly Care Services Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Elderly Care Services Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
9.1. Service Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Institutional Care |
9.1.2.Adult Daycare |
9.1.3.Home Care |
9.2. Funding Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Public expenditure |
9.2.2.Private expenditure |
9.2.3.Out-of-Pocket Spending |
9.3. Service Provider Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Public |
9.3.2.Private |
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Elderly Care Services Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
10.1. Service Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Institutional Care |
10.1.2.Adult Daycare |
10.1.3.Home Care |
10.2. Funding Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Public expenditure |
10.2.2.Private expenditure |
10.2.3.Out-of-Pocket Spending |
10.3. Service Provider Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Public |
10.3.2.Private |
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
11.Asia Pacific (APAC) Elderly Care Services Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
11.1. Service Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Institutional Care |
11.1.2.Adult Daycare |
11.1.3.Home Care |
11.2. Funding Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Public expenditure |
11.2.2.Private expenditure |
11.2.3.Out-of-Pocket Spending |
11.3. Service Provider Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Public |
11.3.2.Private |
11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Elderly Care Services Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
12.1. Service Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Institutional Care |
12.1.2.Adult Daycare |
12.1.3.Home Care |
12.2. Funding Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Public expenditure |
12.2.2.Private expenditure |
12.2.3.Out-of-Pocket Spending |
12.3. Service Provider Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Public |
12.3.2.Private |
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Elderly Care Services Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
13.1. Service Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Institutional Care |
13.1.2.Adult Daycare |
13.1.3.Home Care |
13.2. Funding Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Public expenditure |
13.2.2.Private expenditure |
13.2.3.Out-of-Pocket Spending |
13.3. Service Provider Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Public |
13.3.2.Private |
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Benesse Holdings Inc. |
14.2.2.Kindred Healthcare, Inc. |
14.2.3.Nichii Gakkan Co. Ltd |
14.2.4.Brookdale Senior Living Inc. |
14.2.5.Epoch Elder Care |
14.2.6.Amedisys, Inc. |
14.2.7.St Luke's Eldercare Ltd. |
14.2.8.Bayada home health Care |
14.2.9.ApnaCare Private Limited |
14.2.10.Econ Healthcare Group |
15. Research Methodology |
16. Appendix and Abbreviations |