Global Elderly Care Service Market Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2025 || By Services - Institutional Care Services Market, Adult Day Care Services Market, Home Health Care Services Market

Elderly Care Service Market

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Demand for elderly care service has grown immensely over the past few years, owing to the increasing demand for residential care facilities, escalation in the world's geriatric population and the occurrence of age-related disorders. Moreover, the lack of skilled labor is leading to the adoption of care bots and upsurge in the number of mobile applications centered on tele-awareness will mark as a trend in this industry. The main focus of elderly care services is to provide care services to the aging population. These services include homemaker service, housekeeping, occupational therapy, physical therapy, and nursing services among others. The popularity of these services is escalating among adults due to time constraints with their children and growing awareness among individuals. These services are bifurcated into institutional care, community care, day-care or home care. Additionally, seniors anticipate a high standard of living in their old age. This will raise the adoption of Elderly/senior care services and will result in the rising entry of players in this domain and will change the eldercare market scenario. In 2018, the Global Elderly Care Service Market was dominated by Institutional care and is anticipated to generate a market size of US$ 1,197.5 billion by 2025. Home-Based care is anticipated to be the fastest-growing service type during the forecast period.Request for Sample of the report please visit: -Healthcare is the fundamental necessity of every individual however; the soaring cost of healthcare makes it unaffordable for several people. The route to financial aid and funding is extraordinarily complex. Aging leads to declining health due to impairment and thus leads to huge expenditure on health-related issues. The financing or spending can be of three types namely, private expenditure, public expenditure, and out-of-pocket expenditure. Governments around the globe are increasing their expenditure on elderly care by providing this section of society with amenities and rising their years of happy and comfortable living. The global elder care service market is projected to gain market revenue of US$ 1,744.6 billion by 2025, growing at a CAGR of 8.31% during the forecast period 2019-2025. Elder people with chronic and long-term conditions such as neurological diseases that majorly include dementia, Alzheimer’s and Parkinson's disease; Chronic Obstructive Pulmonary Disease (COPD); multiple sclerosis; heart failure, are rising all over the globe. A focus on improving and maintaining the functional and physical health of seniors through therapeutic interventions within a community setting meeting others are thought to enhance the well-being and quality of life.For in-depth understanding of the market and overall adoption of elderly care service, detailed analysis has been done for major region/country including North America (the U.S and rest of North America), Europe (Germany, Spain, the U.K., France, Italy and Rest of Europe), Asia-Pacific (Japan, India, China, Australia and rest of Asia-Pacific), and Rest of World. Due to the rising awareness towards elderly care services and high government expenditure on senior care Europe dominates the Elderly Care market globally, with a market size of US$ 372.7 billion in 2018. Further, the rise in the geriatric population in North America, as well as Asia-Pacific are estimated to fuel the Elderly Care market in both the regions in the upcoming years.For analysis of the overall adoption and penetration of elderly care service around the globe please visit: -Some of the major players profiled in the global Elderly Care study include Amedisys, Inc., Benesse Holdings Inc., St Luke's Eldercare Ltd., Bayada home health Care., Brookdale Senior Living Inc., Nichii Gakkan Co. Ltd, Econ Healthcare Group, Kindred Healthcare, Inc., Epoch Elder Care and ApnaCare Private Limited. These players are entering into several mergers & acquisitions and partnerships for the expansion of their reach and increasing their hold on the market and to also provide an older population with better services.Global Elderly Care MarketMarket SegmentationMarket Insights, by Service TypeInstitutional careAdult daycareHome-based careMarket Insights, by Funding SourcePublic expenditurePrivate expenditureOut-of-Pocket SpendingMarket Insights, by Service providerPublicPrivateMarket Insights, by RegionNorth America Elderly Care marketUnited StatesRest of North AmericaEurope Elderly Care marketGermanySpainThe U.K.FranceItalyAsia Pacific Elderly Care marketJapanIndiaChinaAustraliaRest of the World Elderly Care marketCompany ProfilesBenesse Holdings Inc.Amedisys, Inc.St Luke's Eldercare Ltd.Brookdale Senior Living Inc.Bayada home health CareEcon Healthcare GroupEpoch Elder CareKindred Healthcare, Inc.Nichii Gakkan Co. LtdApnaCare Private LimitedHave Any Query? Ask Our Industry Experts @Contact UsUnivDatos Market Insights (UMI)E-14B, Sector-8, NoidaIndiaTel: 0120-4326511Email: sales@univdatos.comWeb:About UnivDatos Market Insights (UMI)UnivDatos Market Insights (UMI) is a rapidly emerging market research firm that offers the most relevant and effective research solutions. With our unique approach to gathering valuable data and using actionable insights, we help our clients develop winning market strategies, so they can explore market-entry and growth opportunities to drive smart decisions.