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Explore "global elderly care market" that will be growing at a CAGR of 8.4% during the forecast period of 2017 to 2024

Medical Market Research

The report "Global Elderly Care Market" accounted for USD 863.7 billion in 2016 growing at a CAGR of 8.4% during the forecast period of 2017 to 2024.

“Global Elderly Care Market” By Type ({Home Care (Health Care, Non-Medical Home Care), Adult Day Care, Institutional Care (Nursing Homes, Hospital Based, Assisted Living, Independent Senior Living)}), Product Type (Pharmaceuticals, Housing & Assistive Devices, Technology); Geography (North America, Europe, Asia-Pacific, South America, Middle East, Africa).

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Senior citizens need assistance with daily activities as well as healthcare requirements. Elderly careis the fulfilment of the special needs and requirements in terms of medical support that are unique to senior citizens.

Major Market Drivers and Restraints:

  • Rising geriatric population
  • Increased life expectancy
  • Prevalence chronic illness among aged population
  • Growth in health expenditure by senior citizens
  • Rise of technology-enhanced senior care
  • Easy reimbursement policies
  • Lack of qualified employee
  • Cost affordability

Competitive Analysis: Global Elderly Care Market

The global elderly care market is highly fragmented and is based on new product launches and clinical results of products.

Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

The report includes market shares of global elderly care marketfor global, Europe, North America, Asia Pacific, and South America.

Major Market Competitors: Global Elderly Care Market

Global elderly care market is dominated by Amedisys, Brookdale Senior Living Solutions, Japan Senior Living Investment Corporation. , Econ Healthcare Group , Epoch Elder Care, Extendicare Inc.,Gentiva Health Services Inc.

, Genesis HealthCare, Kindred Healthcare, Inc.,NTUC HEALTH CO-OPERATIVE LTD, ST LUKE’S ELDERCARE LTD, Samvedna Senior Care, and Goldencare among others.

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Market Segmentation: Global Elderly Care Market

On the basis of type, global elderly care market is segmented into home care, adult day care, and institutional care.

On the basis of product types, global elderly care market is segmented into pharmaceuticals, housing and assistive devices, and technology.

On the basis of geography, global elderly care market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

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