Market Size in 2024 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1025.43 Billion | USD 1965.99 Billion | 7.50% | 2023 |
FrequentlyAsked Questions
Elderly care services are requirements of the aging population. It also includes many facilities such as assisted living, residential care, home care, hospice care, healthcare, and adult day care.
The global elderly care services market growth is owing to the geriatric population prone to diabetes, arthritis, and renal insufficiency along with other chronic conditions.
According to a study, the global elderly care services industry size was $1025.43 billion in 2023 and is projected to reach $1965.99 billion by the end of 2032.
The global elderly care services market is anticipated to record a CAGR of nearly 7.50% from 2024 to 2032.
The Asia-Pacific elderly care services industry is set to register the highest CAGR over the forecasting timeline owing to high unmet medical requirements along with the presence of a large proportion of the elderly population in countries such as India and China. A rise in the average life expectancy of the people and supportive healthcare policies will steer the growth of the industry in the sub-continent. A large presence of geriatric care centers in the sub-continent will prompt the expansion of the industry in the Asia-Pacific zone.
The global elderly care services market is led by players such as Latin America Home Health Care, United Medicare Pte Ltd., St Luke's ElderCare Ltd, Millennia Personal Care Services, GoldenCare Group Private Limited, ApnaCare Latin America Private Limited Epoch Elder Care, Econ Healthcare Group, RIEI Co., Ltd., Cascade Healthcare, SASCO Integrated Eldercare Centre, Rosewood Care Group Inc., Samvedna Senior Care, Pacific Healthcare Nursing Home, Golden Years Hospital, Benesse Style Care Co., Ltd., Orange Valley Healthcare, Carewell-Service Co., Ltd., Nichiigakkan Co. Ltd, and NTUC Health Co-Operative Ltd.
The elderly care services market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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