Geriatric care services offer end to end solutions and assistance for the elderly population. Elderly individuals suffering from dementia, or chronic diseases such as diabetes, cardiac disorders, and others require consistent care and monitoring, which is offered by market players in the form of a range of services as per the patient’s requirement.
The global geriatric care services market size was valued at US$ 784.7 million in 2021, and is expected to exhibit a CAGR of 7.9% over the forecast period (2021 – 2028).
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Different projects by market players to give geriatric consideration are foreseen to increase the global geriatric care services market development. Key players in the market are focused on creating different projects to give geriatric consideration. In 2015, ACCESS Health International and NUS Enterprise introduced the Modern Aging System to serve the requirements of seniors and guardians in Singapore by assisting business visionaries with making new items and administrations for aged individuals.
Moreover, in January 2019, the recently framed consolidation of Arosa and LivHOME, Arosa+LivHOME, procured Partners in Senior Care, a forerunner in creating and holding extraordinary parental figures. Additionally, the ageing population is at high danger of ongoing illnesses like diabetes, heart issues, joint pain, and respiratory problems, which is projected to support the global geriatric care services market development. As indicated by a report distributed in March 2016 by the United States Census Bureau, the geriatric population (aged 65 years or more) is estimated to represent 12% of the worldwide population by 2030 and further to 16.7% by 2050 when contrasted with 8.5% in 2015.
In any case, costly administrations per day for grown-up day projects can upset the global geriatric care services market’s development. According to SeniorLiving Organization (2016), the average daily cost for grown-up day care is US $70, 000, with a monthly average of around $2,100.
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Central members in the global geriatric care services market are centered on taking on procedures, consolidations, and acquisitions to upgrade their item portfolio. In February 2016, Amedisys procured Associated Home Care, and sent off its own consideration division to go with the previously existing home wellbeing and hospice administrations all through Massachusetts, U.S.
The global geriatric care services market is anticipated to grow at a CAGR of 7.9 % over the projected timeframe, inferable from the rising geriatric populace, the expanding scope of administrations presented by geriatric consideration habitats, and rising interest in extension by market players. As indicated by World Population Prospects in 2017, 13% of the total population involves the senior population. The population development pace of people aged 60 or above is around 3% each year worldwide, and around 25% of the population is beyond 60 years old in Europe, which is the best rate on the planet. The number of more established people on the planet is projected to be 1.4 billion in 2030 and 2.1 billion in 2050, and could ascend to 3.1 billion in 2100.
Among administration types, the gifted nursing offices portion stood firm on a predominant footing in the global geriatric care services market in 2018, inferable from specific considerations presented by nursing homes for dementia patients and other comparative conditions. As per the World Health Organization (WHO), in 2017, around 50 million patients were experiencing dementia around the world, and the number is projected to increase to 75 million by 2030.
Major companies contributing to the global geriatric care services market include Amedisys, Revera Inc., Home Instead Senior Care, LivHOME, Portea Medical, Brookdale Senior Living Solutions, Extendicare, Senior Care Centers, and Genesis HealthCare.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Geriatric Care Services Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Geriatric Care Services Industry Impact
Chapter 2 Global Geriatric Care Services Competition by Types, Applications, and Top Regions and Countries
2.1 Global Geriatric Care Services (Volume and Value) by Type
2.3 Global Geriatric Care Services (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Geriatric Care Services Sales, Consumption, Export, Import by Regions
Chapter 5 North America Geriatric Care Services Market Analysis
Chapter 6 East Asia Geriatric Care Services Market Analysis
Chapter 7 Europe Geriatric Care Services Market Analysis
Chapter 8 South Asia Geriatric Care Services Market Analysis
Chapter 9 Southeast Asia Geriatric Care Services Market Analysis
Chapter 10 Middle East Geriatric Care Services Market Analysis
Chapter 11 Africa Geriatric Care Services Market Analysis
Chapter 12 Oceania Geriatric Care Services Market Analysis
Chapter 13 South America Geriatric Care Services Market Analysis
Chapter 14 Company Profiles and Key Figures in Geriatric Care Services Business
Chapter 15 Global Geriatric Care Services Market Forecast (2021-2028)
Chapter 16 Conclusions
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