Geriatric Care Services Market: By Type (Home-care, Health-care, Institutional care centers, Non-medical health care, Hospital based care, Assisted living, Independent senior living, Rehabilitative care services), By Application (Respiratory Diseases, Diabetes, Osteoporosis, Heart Diseases, Others), By Age Group (65-70 Years, 71-75 Years, 76-80 Years, 81-85 Years, 86-90 Years, Above 91 Years), By Payment Source (Public Insurance, Private Insurance, Out-of-pocket), By End user (Institutional Care Services, Nursing Homes, Rehabilitation Centers, Hospitals) And Region – Global Analysis of Market Size, Share & Trends For 2021–2022 And Forecasts To 2032
Geriatric Care Services Market: By Type (Home-care, Health-care, Institutional care centers, Non-medical health care, Hospital based care, Assisted living, Independent senior living, Rehabilitative care services), By Application (Respiratory Diseases, Diabetes, Osteoporosis, Heart Diseases, Others), By Age Group (65-70 Years, 71-75 Years, 76-80 Years, 81-85 Years, 86-90 Years, Above 91 Years), By Payment Source (Public Insurance, Private Insurance, Out-of-pocket), By End user (Institutional Care Services, Nursing Homes, Rehabilitation Centers, Hospitals) And Region – Global Analysis of Market Size, Share & Trends For 2021–2022 And Forecasts To 2032
PRODUCT OVERVIEWGeriatric care is the medical care offered to elderly people. Geriatric care services include the medical, psychological and social needs of older people. Geriatric care management combines the health and psychological care with services like home care, nutrition, housing, and helping with daily life activities and planning. Geriatric care is a holistic approach to manage aging and the resultant effects. The main segments of geriatric care services market are adult day care, home care, and institutional care services. Home care services include health care services provided at home. Institutional care services include hospital-based services nursing homes. Adult day care services are segmented into healthcare and non-medical healthcare services.
MARKET HIGHLIGHTSGlobal Geriatric Care Services Market is expected to project a CAGR of 6.5% during the forecast period
The Global Geriatric Care Services Market was valued at 0.61 billion USD in 2021 and is estimated to reach 1.2 billion USD by 2032, increasing at a CAGR of 6.5% during the forecast period, 2022- 2032 owing to the rising geriatric population which has led to the demand for nursing care services. Due to the old age of people, the condition of Alzheimer’s is increasing along with high incidence of dementia and is resulting in the growth of geriatric care services market.
GLOBAL GERIATRIC CARE SERVICES MARKET: SEGMENTS
Private health insurance segment expected is expected to grow with a higher CAGR during 2022-32
Global Geriatric Care Services Market is classified based on the Payment Source into Public Insurance, Private Insurance, Out-of-pocket. The Private Insurance segment is expected to grow owing to avoiding the Medicare and increasing focus of people on private healthcare facilities. These private health insurance offer less waiting time to customers by offering extra medical attention and improved facilities.
Diabetes segment is expected is expected to grow with a higher CAGR during 2022-32
Global Geriatric Care Services Market is classified based on the Application into Respiratory Diseases, Diabetes, Osteoporosis, Heart Diseases, Others. Diabetes segment is expected to grow with a high CAGR during the forecast period owing to the rising diabetic patients’ number. Regular monitoring of blood sugar at home aids in attaining proper diabetic plan and helps managing blood sugar medications, diet, and exercise.
MARKET DYNAMICS Growth Drivers
Increasing Geriatric population is aiding the growth of market
Rising health issues in geriatric population is driving the market growth
Restraint
High cost of Geriatric care services is restraining market growth
GLOBAL GERIATRIC CARE SERVICES MARKET:
Key Players
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- St Luke's ElderCare Ltd
- ProVita International Medical Center
- Econ Healthcare Group
- Home Instead, Inc
- Living Assistance Services, Inc.
- Samvedna Senior Care
- Rosewood Care Group Inc.
- ApnaCare India Private Limited
- GoldenCare Private Limited
- Carewell-Service Co., Ltd
- SASCO Integrated Eldercare Centre
- Millennia Personal Care Services
- India Home Health Care
- Other Prominent Players
GLOBAL GERIATRIC CARE SERVICES MARKET REPORT ALSO CONTAINS ANALYSIS ON:
Global Geriatric Care Services Market Segments:
- By Type
- Home-care
- Health-care
- Institutional care centers
- Non-medical health care
- Hospital based care
- Assisted living
- Independent senior living
- Rehabilitative care services
- By Application
- Respiratory Diseases
- Diabetes
- Osteoporosis
- Heart Diseases
- Others
- By Payment source
- Public Insurance
- Private Insurance
- Out-of-pocket
- By Age group
- 65-70 Years
- 71-75 Years
- 76-80 Years
- 81-85 Years
- 86-90 Years
- Above 91 Years
- By End User
- Institutional Care Services
- Nursing Homes
- Rehabilitation Centers
- Hospitals
- Global Geriatric Care Services Market Dynamics
- Global Geriatric Care Services Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
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