Elder Care Services Market Size, Analysis, Trends, Industry Overview and Forecast

Overview

Global Elder Care Services Market Introduction:
Global Elder Care Services Market is estimated to value over USD 2.1 Billion by 2029 end and register a CAGR of over 6.3% during the forecast period 2019 to 2029.
A rising number of geriatric patient population suffering from disabilities is one of the primary influential factors that drive the global elder care services market. Additionally, government-supported agencies, organizations associated with non-profit hospitals and independent charitable groups play a crucial role in the sustainability of the elder care services market.

Global Elder Care Services Market Overview:
Based on the type of service, the market is fragmented into home-based care, community-based care and institutional care. Community-based care is commonly implemented worldwide. The program of all-inclusive care for the elderly (PACE) is one type of community-based care service that is provided to adults 55 or older and who require medical attention at a domestic level. As of 2018, 124 PACE programs are operating in 31 states and are serving over 45,000 patients.

Depending on the financing source, the market is bifurcated into public expenditure, private source and out-of-pocket spending. The government of Australia provides funds for elder care services with financial assistance from charities, community and religious groups as well. Australian government assigned around $18 billion for home-based elder care in 2017-18 which is about 67% of the total elder care service expenditure.

Global Elder Care Services Market Regional Insight:
The market is regionally categorised as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific region is seeing some major improvements in elder care and the credit for this goes to the commendatory initiatives taken by the government in providing efficient healthcare and stabilised medical services through several schemes.

Global Elder Care Services Market Segmentation:
1. By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

2. By Service Type
• Home-based Care
• Community-based Care
• Institutional Care

3. By Financing Source
• Public Expenditure
• Private Source
• Out-of-pocket Spending

Competitive Landscape:
• Epoch Elder Care
• St. Luke’s Elder Care
• Latin America Home Health Care
• Nichiigakkan Co. Ltd.
• Golden Years Hospital
• GoldenCare Group Pvt. Ltd.

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the global elder care services market by region, by service type, by financing source
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies