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Elderly Care Services Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Elderly Care Services Market By Service Type (Institutional care, Adult day-care, and Home care), By Funding Source (Public expenditure, Private expenditure, and Out-of-Pocket Spending), By Service Provider (Public and Private), and Geography

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Description
Company Profile

Report

Description

Elderly Care Services Market size was valued at USD 715.8 billion in 2021 and is expected to reach USD 1,034.37 billion by 2028, growing at a CAGR of 5.4% during the forecast period 2022-2028. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

Elderly Care Services Market

MARKET SUMMARY

5.4%

Study Period– 2022 – 2028
Base Year– 2021
CAGR– 5.4%
Largest Market– North America
Fastest Growing Market– Europe

Elderly Care Services Market

The report on global elderly care services market gives historical, current and future market sizes (US$ Bn) on the basis of service type, funding source, service provider, and region.
elderly care services 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.
Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global elderly care services.

Key Players

Benesse Holdings Inc.
Kindred Healthcare, Inc.
Nichii Gakkan Co. Ltd
Brookdale Senior Living Inc.
Epoch Elder Care

Elderly Care Services Market Dynamics

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.

Europe Got Significant Share

Elderly Care Services Market

Europe contributed highest share of revenue followed by Asia Pacific, and North America in global market. Europe region is anticipated to grow with a significant CAGR over the forecast years owing to growing ageing population when compared to the other parts of the world. Moreover, high prevalence of age-related diseases coupled with rising awareness regarding the old age home among the elderly population is the driving the growth of the market over the forecast years. Asia Pacific is anticipated to grow with significant CAGR over the forecast years owing to increasing population every years and adoption of elderly care service in the region, mainly in the countries such as Australia, New Zealand, Japan, China, and among others.

Latin-America

North-America

Europe

Asia-Pacific

Middle East

Key

Features of the Report

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