The Global Geriatric Care Services Market Report offers details on current and future growth trends pertaining to the business besides information on numerous regions across the geographical landscape of the Geriatric Care Services Market. The study includes global, regional, and country-level market size, shares, growth rate analysis (include the causes of highest and lowest peak industry analysis), product launches, latest trends, the impact of covid19 on worldwide.
Geriatric Care Services
Market Research Methodology overview consists of primary and secondary research,
company share analysis, model (including Demographic data, Macroeconomic
indicators, and Industry indicators i.e. Expenditure, infrastructure, sector
growth, and facilities, etc), Research Limitations, and Revenue Based
Modelling. Comprehensive analysis of Geriatric Care Services Market based on
current & future analysis depending on historic data also featured in this
Report.
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Industry Insights
The global Geriatric Care
Services Market size is estimated to reach USD 1,012.02 billion by 2022,
registering at a 6.1% CAGR during the forecast period. Growing geriatric
population coupled with rising prevalence of chronic diseases is one the key
factors driving the growth of geriatric care services market. According to
United Nations World Ageing Population 2015 report, it was estimated that
between 2015 and 2030, the number of people aged 60 years and above will grow
by 56 percent, from 901 million (2015) to 1.4 billion (2030). It was also
reported that by 2050, the number is expected to double its size, reaching
about 2.1 billion. In addition, growing demand for independent aging solutions
and introduction of robotic technology in geriatric care is also anticipated to
further boost up the market growth.
Presence of favorable
reimbursement policies and increased life expectancy are also amongst few
factors expected to propel demand for geriatric care services. There is an
increase in the adoption level for these services owing to the advantages
associated with these services such as in chronic care management. Furthermore,
increasing number of homecare and long term care services offered by geriatric
care centers such as nursing care, health assessment & monitoring, and
counseling & financial support is anticipated to drive the demand for these
services.
Favorable government
initiatives and increasing elderly population prone to cardiovascular,
orthopedic, neurological, and respiratory disorders are some of the crucial
attributes of this market. However, high cost of devices may hinder the growth
of geriatric care services in emerging economies like China, India, and Brazil.
Service Insights
Based on the services, the
market is segmented as home care, adult day care, and institutional care.
Institutional services market held the largest market share of about 41.1% in
2014 pertaining to the factors such as presence of large number of institutions
and high usage levels of the institutions offering geriatric care services. In
addition, homecare services is expected to witness fastest growth over the
forecast period owing to increasing awareness regarding the advantage
associated with the home care services among the elderly and patients in
post-surgery recoveries. Increasing demand for independent aging solutions and
need for reducing overall cost of care services further drives up demand for
such services. However, low preference and availability of other options such
as community centers and assisted living in developing countries may limit the
growth of geriatric care services.
Regional Insight
North America dominated the
market with the maximum share of 44.5% in 2014. Some of the key factors
attributing to the market growth include favorable reimbursement policies and
presence of large number of care centers in the U.S. According the Center of
Disease Control (CDC) in 2012, there were nearly 95% nursing homes, 77% adult
day care service centers, 78% home health agencies, and 52% residential care
communities were certified to participate in Medicaid. Asia pacific region is
expected to be the fastest growing segment with a CAGR of 8.5% over the
forecast period. The region offers untapped potential due to low product
penetration rate, unmet medical needs, and large elderly population base in
emerging economies like India and China. Rising incidences of neurological,
orthopedic, and cardiovascular disorders in such countries is expected to drive
the growth in this region. The growth prospects in Mexico is significant during
the forecast period due to inadequate and distributed geriatric care services.
Table of Contents:-
Chapter
1 Methodology and Scope
Chapter
2 Executive Summary
Chapter
3 Geriatric Care Services: Market Variables, Trends & Scope
Chapter
4 Geriatric Care Services: Product Estimates & Trend Analysis
Chapter
5 Geriatric Care Services: Application Estimates & Trend Analysis
Chapter
6 Geriatric Care Services: End-use Estimates & Trend Analysis
Chapter
7 Geriatric Care Services: Industrial End-use Estimates & Trend Analysis
Chapter
8 Geriatric Care Services: Regional Estimates & Trend Analysis
Chapter
9 Competitive Landscape
Chapter
10 Geriatric Care Services: Manufacturers Company Profiles
Top Key Players of Global Geriatric
Care Services Market :
Senior Care Centers of
America; Brookdale Senior living; Kindred Healthcare Inc.; Genesis Healthcare
Corp.; Sunrise Senior Living Inc.; GGNSC Holdings, LLC and Extendicare, Inc.
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