Elder Care Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,995	186 Pages	Fairfield Market Research	January, 2024	FCSL18515122

Best Price Guarantee
Price	from $4,995
Length	186 Pages
Publisher	Fairfield Market Research
Published Date	January, 2024
SKU	FCSL18515122

Elder Care Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The elder care services market continues its upward trajectory, witnessing significant growth driven by an aging population and advancements in healthcare technologies. By the conclusion of 2031, it is anticipated that the market will soar to US$ 2.56 billion.

Demand Surge Fueled by Aging Population and Technological Innovations

The demand for elder care services has soared globally, fueled by the unprecedented growth of the geriatric population. World Health Organization (WHO) statistics indicate a doubling of the geriatric population from 12% to 22% between 2015 and 2050. This demographic shift, coupled with advancements in healthcare technologies, has propelled the elder care services market forward.

In particular, the development of cell phone technologies and the integration of artificial intelligence (AI) in healthcare have revolutionized the sector, giving rise to innovative tracking applications and software that monitor medication adherence, dietary requirements, and even the movement of elderly patients. Furthermore, the emergence of niche markets such as diabetes-targeted applications underscores the evolving landscape of elder care services.

Key Opportunities and Challenges in the Elder Care Market

Despite the burgeoning demand for elder care services, providers face challenges such as low profit margins, particularly in the United States where government regulations and reimbursement policies impact profitability. Additionally, the shortage of qualified professionals poses a significant hurdle, especially in emerging and low-income countries.

However, there are ample opportunities for elder care service providers to capitalize on the growing demand. The rise of retirement communities in the United States and the subsidization of elderly care by the Australian government present promising avenues for expansion. Moreover, the burgeoning market in countries like India, driven by healthcare advancements and favorable government policies, offers lucrative opportunities for growth.

Regional Insights: U.S., U.K., and India

In the U.S., the well-developed infrastructure of geriatric care facilities, coupled with favorable reimbursement policies and technological advancements, positions it as a key market for elder care services. Similarly, the U.K. dominates the European market, driven by the presence of prominent players and the expansion of social services for the elderly.

Meanwhile, India's constantly developing healthcare industry and government initiatives aimed at improving caregiving for the elderly contribute to the country's emergence as a lucrative market for elder care services.

Competitive Analysis
• Key companies functioning in the global Elder Care Services Market including:
• Eldercare Services.
• Korian Group
• ProVita International Medical Center, LLC
• Home Instead, Inc
• Living Assistance Services, Inc.
• Benesse Style Care Co., Ltd
• Econ Healthcare Group
• Epoch Elder Care
• St Luke's ElderCare Ltd
• India Home Health Care
• Samvedna Senior Care
• ApnaCare India Private Limited
• Nichiigakkan Co. Ltd
• Golden Years Hospital
• Orange Valley Healthcare
• NTUC Health Co-Operative Ltd
• GoldenCare Group Private Limited
• Carewell-Service Co., Ltd.
• RIEI Co. Ltd.
• SASCO Integrated Eldercare Centre
• Cascade Healthcare
• Millennia Personal Care Services
• Rosewood Care Group Inc.
• Pacific Healthcare Nursing Home
• United Medicare Pte Ltd

Key Segments Covered in Elder Care Services Industry Survey

Elder Care Services Market by Service:
• Home-based Care
• Community-based Care
• Institutional Care

Elder Care Services Market by Financing Source:
• Public Expenditure
• Private Source
• Out-of-Pocket Spending

Elder Care Services Market by Region:
• North America Elder Care Services Market
• Latin America Elder Care Services Market
• Europe Elder Care Services Market
• APAC Elder Care Services Market
• Middle East & Africa Elder Care Services Market

Please note: The PDF e-mail from publisher version of this report is for a global site license. Delivery Timelines - 5 working days.

1. Executive Summary: 1.1. Global Elder Care Services Market Snapshot; 1.2. Future Projections; 1.3. Key Market Trends; 1.4. Regional Snapshot, by Value, 2023; 1.5. Analyst Recommendations
2. Market Overview: 2.1. Market Definitions and Segmentations; 2.2. Market Dynamics; 2.2.1. Drivers; 2.2.2. Restraints; 2.2.3. Market Opportunities; 2.3. Value Chain Analysis; 2.4. Porter’s Five Forces Analysis; 2.5. COVID-19 Impact Analysis; 2.5.1. Supply; 2.5.2. Demand; 2.6. Impact of Ukraine-Russia Conflict; 2.7. Economic Overview; 2.7.1. World Economic Projections; 2.8. PESTLE Analysis
3. Global Elder Care Services Market Outlook, 2018 – 2031: 3.1. Global Elder Care Services Market Outlook, by Product, Value (US$ Bn), 2018 – 2031; 3.1.1. Key Highlights; 3.1.1.1. Home-based Care; 3.1.1.2. Community-based Care; 3.1.1.3. Institutional Care; 3.2. Global Elder Care Services Market Outlook, by End User, Value (US$ Bn), 2018 – 2031; 3.2.1. Key Highlights; 3.2.1.1. Public Expenditure; 3.2.1.2. Private Source; 3.2.1.3. Out-of-Pocket Spending; 3.3. Global Elder Care Services Market Outlook, by Region, Value (US$ Bn), 2018 – 2031; 3.3.1. Key Highlights; 3.3.1.1. North America; 3.3.1.2. Europe; 3.3.1.3. Asia Pacific; 3.3.1.4. Latin America; 3.3.1.5. Middle East & Africa
4. North America Elder Care Services Market Outlook, 2018 – 2031: 4.1. North America Elder Care Services Market Outlook, by Product, Value (US$ Bn), 2018 – 2031; 4.1.1. Key Highlights; 4.1.1.1. Home-based Care; 4.1.1.2. Community-based Care; 4.1.1.3. Institutional Care; 4.2. North America Elder Care Services Market Outlook, by End User, Value (US$ Bn), 2018 – 2031; 4.2.1. Key Highlights; 4.2.1.1. Public Expenditure; 4.2.1.2. Private Source; 4.2.1.3. Out-of-Pocket Spending; 4.3. North America Elder Care Services Market Outlook, by Country, Value (US$ Bn), 2018 – 2031; 4.3.1. Key Highlights; 4.3.1.1. U.S. Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 4.3.1.2. U.S. Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 4.3.1.3. Canada Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 4.3.1.4. Canada Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 4.3.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Elder Care Services Market Outlook, 2018 – 2031: 5.1. Europe Elder Care Services Market Outlook, by Product, Value (US$ Bn), 2018 – 2031; 5.1.1. Key Highlights; 5.1.1.1. Home-based Care; 5.1.1.2. Community-based Care; 5.1.1.3. Institutional Care; 5.2. Europe Elder Care Services Market Outlook, by End User, Value (US$ Bn), 2018 – 2031; 5.2.1. Key Highlights; 5.2.1.1. Public Expenditure; 5.2.1.2. Private Source; 5.2.1.3. Out-of-Pocket Spending; 5.3. Europe Elder Care Services Market Outlook, by Country, Value (US$ Bn), 2018 – 2031; 5.3.1. Key Highlights; 5.3.1.1. Germany Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 5.3.1.2. Germany Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 5.3.1.3. U.K. Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 5.3.1.4. U.K. Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 5.3.1.5. France Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 5.3.1.6. France Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 5.3.1.7. Italy Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 5.3.1.8. Italy Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 5.3.1.9. Turkey Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 5.3.1.10. Turkey Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 5.3.1.11. Russia Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 5.3.1.12. Russia Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 5.3.1.13. Rest of Europe Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 5.3.1.14. Rest of Europe Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 5.3.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Elder Care Services Market Outlook, 2018 – 2031: 6.1. Asia Pacific Elder Care Services Market Outlook, by Product, Value (US$ Bn), 2018 – 2031; 6.1.1. Key Highlights; 6.1.1.1. Home-based Care; 6.1.1.2. Community-based Care; 6.1.1.3. Institutional Care; 6.2. Asia Pacific Elder Care Services Market Outlook, by End User, Value (US$ Bn), 2018 – 2031; 6.2.1. Key Highlights; 6.2.1.1. Public Expenditure; 6.2.1.2. Private Source; 6.2.1.3. Out-of-Pocket Spending; 6.2.2. BPS Analysis/Market Attractiveness Analysis; 6.3. Asia Pacific Elder Care Services Market Outlook, by Country, Value (US$ Bn), 2018 – 2031; 6.3.1. Key Highlights; 6.3.1.1. China Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 6.3.1.2. China Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 6.3.1.3. Japan Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 6.3.1.4. Japan Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 6.3.1.5. South Korea Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 6.3.1.6. South Korea Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 6.3.1.7. India Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 6.3.1.8. India Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 6.3.1.9. Southeast Asia Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 6.3.1.10. Southeast Asia Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 6.3.1.11. Rest of Asia Pacific Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 6.3.1.12. Rest of Asia Pacific Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Elder Care Services Market Outlook, 2018 – 2031: 7.1. Latin America Elder Care Services Market Outlook, by Product, Value (US$ Bn), 2018 – 2031; 7.1.1. Key Highlights; 7.1.1.1. Home-based Care; 7.1.1.2. Community-based Care; 7.1.1.3. Institutional Care; 7.2. Latin America Elder Care Services Market Outlook, by End User, Value (US$ Bn), 2018 – 2031; 7.2.1.1. Public Expenditure; 7.2.1.2. Private Source; 7.2.1.3. Out-of-Pocket Spending; 7.2.2. BPS Analysis/Market Attractiveness Analysis; 7.3. Latin America Elder Care Services Market Outlook, by Country, Value (US$ Bn), 2018 – 2031; 7.3.1. Key Highlights; 7.3.1.1. Brazil Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 7.3.1.2. Brazil Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 7.3.1.3. Mexico Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 7.3.1.4. Mexico Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 7.3.1.5. Argentina Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 7.3.1.6. Argentina Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 7.3.1.7. Rest of Latin America Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 7.3.1.8. Rest of Latin America Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Elder Care Services Market Outlook, 2018 – 2031: 8.1. Middle East & Africa Elder Care Services Market Outlook, by Product, Value (US$ Bn), 2018 – 2031; 8.1.1. Key Highlights; 8.1.1.1. Home-based Care; 8.1.1.2. Community-based Care; 8.1.1.3. Institutional Care; 8.2. Middle East & Africa Elder Care Services Market Outlook, by End User, Value (US$ Bn), 2018 – 2031; 8.2.1. Key Highlights; 8.2.1.1. Public Expenditure; 8.2.1.2. Private Source; 8.2.1.3. Out-of-Pocket Spending; 8.2.2. BPS Analysis/Market Attractiveness Analysis; 8.3. Middle East & Africa Elder Care Services Market Outlook, by Country, Value (US$ Bn), 2018 – 2031; 8.3.1. Key Highlights; 8.3.1.1. GCC Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 8.3.1.2. GCC Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 8.3.1.3. South Africa Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 8.3.1.4. South Africa Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 8.3.1.5. Egypt Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 8.3.1.6. Egypt Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 8.3.1.7. Nigeria Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 8.3.1.8. Nigeria Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 8.3.1.9. Rest of Middle East & Africa Elder Care Services Market by Product, Value (US$ Bn), 2018 – 2031; 8.3.1.10. Rest of Middle East & Africa Elder Care Services Market by End User, Value (US$ Bn), 2018 – 2031; 8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape: 9.1. By Product vs by End User Heatmap; 9.2. Company Market Share Analysis, 2022; 9.3. Competitive Dashboard; 9.4. Company Profiles; 9.4.1. Eldercare Services; 9.4.1.1. Company Overview; 9.4.1.2. Therapy Portfolio; 9.4.1.3. Financial Overview; 9.4.1.4. Business Strategies and Development; 9.4.2. Korian Group; 9.4.2.1. Company Overview; 9.4.2.2. Therapy Portfolio; 9.4.2.3. Financial Overview; 9.4.2.4. Business Strategies and Development; 9.4.3. Provita International Medical Center, LLC; 9.4.3.1. Company Overview; 9.4.3.2. Therapy Portfolio; 9.4.3.3. Financial Overview; 9.4.3.4. Business Strategies and Development; 9.4.4. Home Instead, Inc.; 9.4.4.1. Company Overview; 9.4.4.2. Therapy Portfolio; 9.4.4.3. Financial Overview; 9.4.4.4. Business Strategies and Development; 9.4.5. Living Assistance Services, LLC; 9.4.5.1. Company Overview; 9.4.5.2. Therapy Portfolio; 9.4.5.3. Financial Overview; 9.4.5.4. Business Strategies and Development; 9.4.6. Bennesse Style Care Co. Ltd.; 9.4.6.1. Company Overview; 9.4.6.2. Therapy Portfolio; 9.4.6.3. Financial Overview; 9.4.6.4. Business Strategies and Development; 9.4.7. Econ Healthcare Group; 9.4.7.1. Company Overview; 9.4.7.2. Therapy Portfolio; 9.4.7.3. Financial Overview; 9.4.7.4. Business Strategies and Development; 9.4.8. Epoch Elder Care; 9.4.8.1. Company Overview; 9.4.8.2. Therapy Portfolio; 9.4.8.3. Financial Overview; 9.4.8.4. Business Strategies and Development; 9.4.9. St. Luke’s ElderCare Ltd; 9.4.9.1. Company Overview; 9.4.9.2. Therapy Portfolio; 9.4.9.3. Financial Overview; 9.4.9.4. Business Strategies and Development; 9.4.10. India Home Health Care; 9.4.10.1. Company Overview; 9.4.10.2. Therapy Portfolio; 9.4.10.3. Financial Overview; 9.4.10.4. Business Strategies and Development; 9.4.11. Samvedna Senior Care; 9.4.11.1. Company Overview; 9.4.11.2. Therapy Portfolio; 9.4.11.3. Financial Overview; 9.4.11.4. Business Strategies and Development
10. Appendix: 10.1. Research Methodology; 10.2. Report Assumptions; 10.3. Acronyms and Abbreviations

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