Data Bridge Market Research released a new market study on Global Elderly Care Market with data Tables, analysis Charts, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data.
Global Elderly Care Market is expected to reach USD 1,692,117.41 million by 2025 and is projected to register a CAGR of healthy rate in the forecast period 2018 to 2025.
The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Major Players: Global Elderly Care Market
Some of the major players operating in this market are-Right at Home, LLC, Koninklijke Philips N.V, Hanami Residential, EXTENDICARE, Amedisy, Brookdale Senior Living Solutions, Almost Family, BAYADA Home Health Care, Encompass Health Corporation, Kindred Healthcare, Inc., LHC Group, Inc., Genesis HealthCare, Compassus, Econ Healthcare Group, Trinity Health, St Luke’s Eldercare Ltd., Rosewood Care Group, Interim HealthCare, United Medicare Pte Ltd, Exceptional Living Centers and among others.
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Products of The Report :
- Historical and current market size and projection up to 2025.
- Competitive landscape
- Potential and niche segments/regions exhibiting promising growth
- The study provides an in-depth analysis of the Global Elderly Care Market and current & future trends to elucidate imminent investment pockets.
- Analyze and forecast Global Elderly Care Market on the basis of type, function and application.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.
Segmentation: Global Elderly Care Market
Global Elderly Care Market, By Product Type (Pharmaceuticals, Housing and Assistive Devices), Service (Institutional Care, Homecare, Adult Day Care), Application (Heart Diseases, Cancer, Kidney Diseases, Diabetes, Arthritis, Osteoporosis, Neurological, Respiratory and Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2025
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Drivers: Global Elderly Care Market
Prominent factors driving the growth of this market consist of rising patient pool for chronic illness in ageing population, rising awareness of home care services, increasing geriatric population, Insurance coverage and government initiatives to provide cost-effective medical treatment for ageing population.
Rising patient pool for chronic illness in ageing population
High prevalence of chronic diseases and morbidity in the elder patient affects quality of life of elder patient. Communicable disease is another type of chronic diseases in elder patients. According to CVS health, around 46.0 % of total population is suffering from hypertension, 42.0% from arthritis and 20.0% from diabetes. Around 13.0% of senior aged population is suffering from depression and 20.0% from chronic pain.
According to Eurostats, It was estimated that in January 2016 around 510.3 Million aged people are living in Europe and among them 98 million were aged 65 years, in which and 57.1% were women elders. Multimorbidity leads to the poor body function which lastly leads to mortality.
The main advantage of the elderly home care is that it provides services of both nursing homes and home care facilities. In home care services, the services are increased or decreased according to the intensity of the disease and proper assessment of patient.
RISING AWARENESS OF HOME CARE Services
In the elder care services, socio-psychological factors increase the awareness regarding health of elders.
For instance, Community Care City of Kawartha Lakes (U.S.) organized Elder Abuse Awareness & Education program to create awareness, prevent and assist seniors who are at risk.
As the government bodies and NGO’s are taking initiatives in creating the awareness about the various elderly services. Therefore, all these awareness programs are expected to raise demand of these services, which in turn is driving the market for elderly care worldwide.
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Features of the Report
- Detailed overview of parent market
- Changing market dynamics of the industry
- Strategies of key players and product offerings
- Drivers and restrains of the market
- Key developments in the market
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