sales@reportocean.com (Bussiness Sales)
+18882123539 (Us - Toll Free)
+919997112116 (Rest Of World)
Geriatric Care Services Market Size, Share & Trends Analysis - Global Opportunity Analysis And Industry Forecast 2030

Geriatric Care Services Market Size, Share & Trends Analysis -...

Home / Categories / Healthcare
Geriatric Care Services Market Size, Share & Trends Analysis - Global Opportunity Analysis And Industry Forecast 2030
Geriatric Care Services Market Size,...
Report Code
RO13/107/2117

Publish Date
05/Jul/2022

Pages
210
PRICE
$ 4570/-
This is a single user license, allowing one specific user access to the product. The product is a PDF.
$ 5450/-
This is a 1-5 user license, allowing up to five users have access to the product. The product is a PDF.
$ 7695/-
This is an enterprise license, allowing all employees within your organization access to the product. The product is a PDF..

The global geriatric care services market size was US$ 978.1 billion in 2021. The global geriatric care services market is forecast to grow to US$ 2127.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2022 to 2030. 
Geriatric care is the term used to define medical care for older or elderly patients. The range of care now incorporates the medical needs of the elderly and their social and psychological needs. More than ever, geriatric care entails a holistic strategy for dealing with aging and its effects. Geriatric care management includes medical and psychological care with other crucial services such as housing, home care, nutrition, assistance with daily living tasks, socialization programs, financial planning, and legal advice. A care plan customized to each individual's needs is developed after additional examination, and it is subsequently reviewed and revised as necessary.

Factors Influencing the Market
The first and foremost factor driving the growth of geriatric care services market is the rapidly rising rate of the geriatric population. People over the age of 65 are expected to increase, particularly in developing countries. The rate is expected to grow from an estimated 524 million in 2010 to roughly 1.5 billion in 2050, according to the World Health Organization's Global Health and Aging Study. Thus, it will be opportunistic for the geriatric care services market during the forecast period. 
Moreover, the growing cases prevalence of Alzheimer's disease, dementia, etc., will also fuel the growth of the geriatric care services market during the forecast period. According to the World Health Organization, there are around 47.5 million dementia sufferers worldwide, and 7.7 million new cases are diagnosed every year. On the flip side, the high cost associated with geriatric care may limit the growth of the market during the study period.

COVID-19 Impact Analysis
COVID-19 infection is particularly dangerous to older individuals since it can cause quite a serious sickness and affects the immune system. According to research, people aged 60 and older are more likely to experience severe, fatal effects, especially if they already have a pre-existing medical problem. Apart from that, nationwide lockdown became a significant challenge for the caregivers as they were required to follow the guidelines and take the essential safety procedures in order to break the disease's chain of transmission. Additionally, the disease's progress is often more severe in elderly patients, leading to a greater fatality rate. Due to labor shortages and the additional care and social isolation needs, the market for geriatric care services witnessed a significant fall.

Regional Analysis
North America is forecast to hold the highest share in the geriatric care services market, owing to the rapidly growing aging population and growing adoption of appealing insurance plans. Further, growing government support for senior care in the region is expected to be opportunistic for the geriatric care services market. Governments in the region have initiated various healthcare programs such as the Veterans Health Administration, Medicaid, Medicare, etc. Apart from that, high awareness about geriatric care services will contribute to the growth of the market during the analysis period.

Competitors in the Market
• Benesse Style Care Co., Ltd
• Econ Healthcare Group
• Epoch ElderCare
• St Luke's ElderCare Ltd
• Latin America Home Health Care
• Samvedna Senior Care
• ApnaCare Latin America Private Limited
• Nichiigakkan Co. Ltd
• GoldenCare Group Private Limited
• Carewell-Service Co., Ltd RIEI Co., Ltd.
• Other Prominent Players

Market Segmentation
The global geriatric care services market segmentation focuses on Service, Service Provider, Payment Source, Age Group, and Region. 
By Service
• Home Care
• Adult Day Care
• Institutional Care
By Service Provider
• Public
• Private
By Payment Source
• Public Insurance
• Private Insurance
• Out-of-pocket
• Others
By Age group
• 65-70 years
• 71-75 years
• 76-80 years
• 81-85 years
• 86-90 years
• Above 91 years
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
 

OUR CLIENTS

500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, UNITED STATES
+18882123539
sales@reportocean.com