The research report on the Elderly Care Market provides in-depth current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability by Data Bridge Market Research. The market study conducted in this report analyzes the market status, market share, growth rate, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors in the industry. In addition, research report offers an all-inclusive assessment of the market. Our expert analysts studied the impacts of the Covid-19 pandemic on the Elderly Care Market. The global Elderly Care analysis consists primarily of products that used an accurate deployment. The report further identifies the past, present, and future trends that are expected to influence the development rate of the market. Elderly Care market consists of present as well as future data for the forecast period from 2021 to 2028, and also provides compounded annual growth rate (CAGR%), which is measured for regional markets and individual segment-wise.
Elderly Care Market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.0% in the forecast period of 2020 to 2027 and expected to reach USD 1,944,028.05 million by 2027. Geriatric population, rising chronic illness in ageing population and rising awareness of home care services are the major factors for the market growth.
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The major players of the Elderly Care market are:
- Home, LLC
- Koninklijke Philips N.V
- BAYADA Home Health Care
- Econ Healthcare Group
- Home Instead, Inc.
- ORPEA GROUPE, St Luke’s Eldercare Ltd.
Elderly Care Market Segmentation:
By Product Type (Pharmaceuticals, Housing and Assistive Devices)
By Service (Institutional Care, Homecare, Adult Day Care)
By Application (Heart Diseases, Cancer, Kidney Diseases, Diabetes, Arthritis, Osteoporosis, Neurological, Respiratory and Others)
The research study Elderly Care market regarding size, growth, opportunities and competitive analysis has been prepared with the help of primary research, secondary research and panel review. The secondary research includes: industry publications, industry reports, trade magazines, and other publications from government and trade associations, among others. Further, the analysis done through various news articles and press releases published on reliable news journals required for every market enthusiast, policymaker, investor, and market player. The Elderly Care Market is also aids in developing counter approaches for major challenges faced by the industry. A reliable report is structured with the vigilant efforts of innovative, enthusiastic, knowledgeable and experienced team of analysts, researchers, industry experts, and forecasters.
Table of Content
Chapter 1: Introduction and Scope
Chapter 2: Key Company Profiles
Chapter 3: Elderly Care Market Explanations, Share and Forecast across type, application and geography
Chapter 4: Elderly Care Industry Consumption by Regions
Chapter 5: Market Explanation of Asia Pacific region
Chapter 6: Market Explanations of Europe region
Chapter 7: Market Explanation of Asia Pacific region
Chapter 8: Market Explanations of North America region
Chapter 9: Market Explanations of Middle East and Africa region
Chapter 10: Key Important features of the Elderly Care market
Chapter 11: Key trends of the market and the market Opportunities
Chapter 12: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 13: Research Findings and Conclusion
Global Elderly Care Market Scope and Market Size
On the basis of product type, the market is segmented into pharmaceuticals and housing and assistive devices. In 2020, housing and assistive devices is expected to dominate the growth of the elderly care market, due to the requirement of assistive devices in homecare of elderly patients and growing geriatric population; those are not capable of self-assistance fuels the growth of the market in the forecast period of 2020 to 2027.
On the basis of service, the market is segmented into homecare, institutional care and adult day care. In 2020, homecare segment is expected to dominate elderly care market as homecare is designed in a way which enables comfort to aged patients and population and rising geriatric population globally is leading the growth of the market in forecast period of 2020 to 2027.
On the basis of application, the market is segmented into heart diseases, respiratory, diabetes, osteoporosis, cancer, neurological, kidney diseases, arthritis and others. In 2020, heart diseases segment is expected to dominate the growth of the market due to the growing incidences of hyper tension, blood pressure, cardiovascular diseases amongst elderly patients, leading the growth of the market in the coming year.
- in 2017, according to the United Nations, it has been estimated that in 2017, there were approximately 962.3 million of aged people of 60 years or older people worldwide. Further it has been estimated that it will get increase to estimate of 2080.5 million. Increase in population worldwide will require high elder care and hence the market growth may increase in future.
Competitive Landscape and Elderly Care Market Share Analysis
The major players covered in the report are Right at Home, LLC, Koninklijke Philips N.V, BAYADA Home Health Care, Econ Healthcare Group, Home Instead, Inc., ORPEA GROUPE, St Luke’s Eldercare Ltd., Rosewood Care Group, Medtronic, Interim HealthCare Inc, United Medicare Pte Ltd., Trinity Health, Exceptional Living Centers, Amedisys, Living Assistance Services, Inc., ElderCareCanada, LHC Group, Inc., Encompass Health Corporation, Extendicare, Prolifico, FC Compassus LLC and other players on global level. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In November 2019, Amedisys has acquired Asana Hospice which will be targeted to close on January 1st, 2020. By this acquisition the company will enhance its service offering in the market.
The key questions answered in this report:
- What are the trend factors that influence market shares and the growth rate be in 2027?
- What are the key results of Porter’s five-force model?
- What are the challenges to market growth?
- What will the market size and key market trends impacting the growth of the Elderly Care Market?
- What are the key factors driving the Elderly Care market?
- What are the risks and challenges facing the Elderly Care market?
- Who are the key vendors in the Elderly Care market?
- What are the market opportunities and threats faced by the vendors in the Global Elderly Care Market?
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Elderly Care Market Country Level Analysis
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
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