PUBLISHER: Value Market Research | PRODUCT CODE: 1402168
PUBLISHER: Value Market Research | PRODUCT CODE: 1402168
The global demand for Elderly Care Services Market is presumed to reach the market size of nearly USD 4.36 BN by 2030 from USD 2.5 BN in 2022 with a CAGR of 7.21% under the study period 2023 - 2030.
Elderly care services encompass wide support and assistance provided to older individuals who may need help with various aspects of daily living due to age-related conditions, physical limitations, or health issues. These services improve the quality of life, ensure safety, and support the independence of elderly individuals.
The elderly care services market is experiencing substantial growth due to multiple driving factors. Demographic shifts, notably the aging population worldwide, create a heightened demand for care and support services as people live longer. Improved healthcare and medical advancements enable longer lifespans but also result in a greater need for specialized care due to age-related illnesses and chronic conditions. Changing family dynamics, including increased distances between family members and higher female workforce participation, lead to a reliance on professional elderly care services. Technological innovations offer advanced solutions in healthcare monitoring and support, further fueling the growth of specialized care services. Government initiatives, policies, and financial considerations, alongside the preference for aging in place, also contribute significantly to market expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of elderly care services. The growth and trends of elderly care services industry provide a holistic approach to this study.
This section of the elderly care services market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Elderly Care Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Elderly Care Services market include Latin America Home Health Care, United Medicare Pte Ltd., St Luke's ElderCare Ltd, Millennia Personal Care Services, GoldenCare Group Private Limited, ApnaCare Latin America Private Limited Epoch Elder Care, Econ Healthcare Group, RIEI Co. Ltd., Cascade Healthcare, SASCO Integrated Eldercare Centre, Rosewood Care Group Inc., Samvedna Senior Care, Pacific Healthcare Nursing Home, Golden Years Hospital, Benesse Style Care Co. Ltd., Orange Valley Healthcare, Carewell-Service Co. Ltd., Nichiigakkan Co. Ltd, NTUC Health Co-Operative Ltd., and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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