Adult Day Care Market Share, Size, Trends, Industry Analysis Report, By Funding (Private, Public); By Service (Adult Social Day Services, Adult Day Healthcare Services, Specialized Day Care Services), By Region, And Segment Forecasts, 2023 - 2032

Adult Day Care Market Share, Size, Trends, Industry Analysis Report, By Funding (Private, Public); By Service (Adult Social Day Services, Adult Day Healthcare Services, Specialized Day Care Services), By Region, And Segment Forecasts, 2023 - 2032

The global adult day care market size is expected to reach USD 28.13 billion by 2032, according to a new study by Polaris Market Research. The report “Adult Day Care Market Share, Size, Trends, Industry Analysis Report, By Funding (Private, Public); By Service (Adult Social Day Services, Adult Day Healthcare Services, Specialized Day Care Services); By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth. e

Market's expansion can be attributed to the rapid growth of the global elderly population, particularly in the emerging nations. This demographic shift has led to an increased demand for Home and Community-based Care (HCBC) services both globally and within the region. The Asian Development Bank (ADB) projects a 2.5-fold increase in the population aged 65 years and above between 2020 and 2050, highlighting the significant growth potential for HCBC services.

In addition, government organizations are collaborating with Adult Day Care (ADC) providers to enhance healthcare services for patients with specific needs, such as those with Alzheimer's disease or Autism. For instance, in March 2023, when the California Department of Aging (CDA) partnered with the concerned ADC centers with the researchers at the UC Davis's Betty Irene Moore School of Nursing. The aim of this partnership is to improve healthcare outcomes for individuals suffering with dementia.

According to the 2021 Long-term care report, it is estimated that the EU will witness a substantial increase in the number of individuals requiring long-term care, reaching 38.1 million by 2050 compared to 30.8 million in 2019. The aging population is often associated with higher rates of mental and physical disabilities, leading to a greater dependence on assistance for daily living activities. Consequently, this dependency is expected to contribute to the market's growth over the forecast period.

COVID pandemic had a detrimental impact on the market as ADC providers stopped their operations. For instance, in April 2020, the Ministry of Health in Japan reported that approximately 909 ADC service providers had temporarily halted their operations. However, as the situation has improved, these centers have gradually resumed their services to alleviate the burden on home service providers and meet the increasing demand from individuals with dementia. A survey conducted in Italy in April 2021 revealed that out of 470 dementia day care centers, 81 centers responded, and around 53 of them had resumed their operations.

Adult Day Care Market Report Highlights

Public segment accounted for over XX% of global market share, due to increase in investments from by the both government and private institutions

Specialized services segment held the majority market share, as they are high demand, due to growing cases Alzheimer’s or dementia among older population

North America garnered the largest share, owing to the growing number of ADC providers, and nuclear families

The global key market players include Active Day/Senior Care, Care Futures, Adult Life Programs, Deutsches Altenheim, Age U.K., GerHogar, Badisa, & Grace Adult Health Care

Polaris Market Research has segmented the adult day care market report based on funding, services, and region:

Adult Day Care, Funding Outlook (Revenue - USD Billion, 2023 - 2032)

Private

Public

Adult Day Care, End User Outlook (Revenue - USD Billion, 2023 - 2032)

Adult Social Day Services

Adult Day Healthcare Services

Specialized Day Care Services

Adult Day Care, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa