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The global aged care services market is expected to grow at a CAGR of 5.3% from 2021 to 2028

The aged care services market refers to medical services and facilities that cater to the needs of older people. This market includes a wide range of services such as home care, adult day care, assisted living, nursing care and hospice care. Older people have unique health care needs, and geriatric services aim to provide comprehensive care that meets these needs. The aged care services market is driven by several factors such as increasing number of elderly people worldwide, rising prevalence of chronic diseases, and growing demand for personalized care. The market is also driven by increased technology availability and a shift to value-based care.

The market has been segmented based on various factors such as type of service, payment method, and region. Major service types in the aged care services market include home care, adult day care, assisted living, nursing care, and hospice care. Major payment methods for these services include private payments, government payments, and insurance payments. North America dominates the aged care services market due to the high demand for these services and the presence of an advanced healthcare system in the region. However, the market is growing rapidly in the Asia-Pacific region as well, owing to the increasing number of elderly people and rising demand for aged care services.

Major players in the aged care services market include Brookdale Senior Living, Sunrise Senior Living, Kindred Healthcare, Amedisys, Extendedcare, Genesis Healthcare and others. These players are investing in research and development to provide innovative geriatric services that can meet the changing needs of older people.

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Key Findings of Elderly Care Services Market Research:

  • The report provides a current market outlook for aged care services. Moreover, the market share of aged care services is expected to grow at a CAGR of 5.3% during the forecast period.
  • Regional breakdown of the Elderly Care Services market based on predefined taxonomies.
  • An innovative manufacturing process implemented in detail by a geriatric services vendor.
  • To understand the revenue and growth prospects of these sectors with the regional and country segmentation of the Elderly Care Services market.
  • Changing consumer preferences in different regions and countries.
  • Factors (positive and negative) influencing the growth of the global aged care services market.
  • Aged Care Services Prices, Market Shares and Trend Forecasts for the Evaluation Period 2021-2028

Competitive landscape analysis

This report provides detailed insight into the competition prevailing in the market. It profiles the company in terms of Tier 1, Tier 2, and Tier 3. The growth prospects of companies belonging to each of these tiers are examined in detail.

The study also includes a company share analysis to assess the share held by each of these companies. It also highlights some of the winning strategies employed by market players. The impact of government regulation on the strategies adopted by market participants is assessed in detail.

Some of the key players operating in the market are:

  • Amedisys Co., Ltd.
  • Brookdale Senior Living Inc.
  • Extended Care Inc.
  • Genesis Healthcare Corporation
  • Gentiva Health Services Inc.
  • GGNSC Holdings
  • Home Instead Senior Care Inc.
  • Kindred Healthcare Incorporated
  • senior care center in america
  • Skilled Healthcare Group Co., Ltd.
  • Sunrise Senior Living Co., Ltd.

Why should I buy this report?

This report provides readers with valuable insights to help their clients understand the market and remain competitive in the long term. These insights include −

  • Strategies of competitors in the aged care services industry that may help clients remain competitive. The competitive landscape section of this report focuses on the rank of companies and their market share in terms of both value and volume.
  • Trends and evolving opportunities in emerging geriatric services are integrated with the latest technology in the field. Recent developments in the market are added, intended to help stakeholders learn the dynamic changes in the industry.
  • A regional and segment-wise evaluation of the Aged Care Services market is made based on product type, region, and application highlighting end-consumer perceptions interested in adopting Aged Care Services.
  • New collaborations and partnerships in the industry.
  • This study discusses the regulatory measures impacting the growth of the Elderly Care Services market.

What insights does the Geriatric Care Services report provide readers?

  • Segmentation of geriatric services based on product type, end use, and region.
  • A comprehensive assessment of upstream starting materials, downstream demand, and current market conditions.
  • Geriatric service collaborations, R&D projects, acquisitions and product launches
  • Details of the various government-imposed regulations on the consumption of aged care services.

Key Segments Covered in the Aged Care Services Industry Research

  • Elderly Care Services Market by Type:
    • home care
      • health management
        • medical care
        • physical therapy services
        • telemedicine
        • palliative care
        • Hospice care
      • non-medical home care
        • personal care
        • building a house
        • food and groceries
        • rehabilitation
        • others
    • adult day care
      • health management
      • non-medical
    • facility care
      • nursing home
        • palliative care
        • Hospice care
      • hospital based
      • life support
      • independent senior living
  • Elderly Care Service Market by Region:
    • North American Elderly Care Service Market 
    • Elderly Care Service Market in Central and South America
    • European Aged Care Service Market
    • East Asia Aged Care Service Market
    • Elderly Care Service Market in South Asia and Oceania
    • MEA Elderly Care Service Market

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