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Elder Care Services: Rising Global Geriatric Population to Drive Market Growth

Press release Description

Albany, New York, September 17, 2018: Increasing spending on healthcare, elder home care services, and advanced infrastructure with wide-spectrum of services is contributing positively to the growth of the elder care services market. Also, rising population of elderly patients suffering from disabilities and the growing dependency ratio of elderly over the younger population is also thought to fuel the elder care services market. Revenues arising from the elder care services market are expected to grow to a value of approximately US$ 1919.8 Bn through 2026. These insights have been extracted from the report titled “Global Market Study on Elder Care Services: High Demand for Institutional Care to be Witnessed in the Next Eight Years” that was recently included in the huge repository of Market Research Reports Search Engine (MRRSE).

A large population of elderly bedridden patients and their chronic health conditions are expected to increase the demand for home healthcare services and comfortable retirement living. Institutional care is expected to maintain its market share lead over its counterparts of home-based care and community-based care.

Europe is expected to continue as market share leader owing to rising numbers of elder care service providers and private institutions in the region. The US elder care services market is also likely to grow rapidly owing to increase in government support and rising demand for retirement living and the prohibitive costs of hospitals in the country.

Elder Care Services Market: Report Synopsis

The report delivers regional and global-level analysis & forecasts on the elder care services market, in terms of value (US$ Bn), for the period of forecast 2018 to 2026. Important factors such as social, political and economic influencers impacting innovation and need for elder care services have been perused and studied in the report.

A detailed value chain analysis on the elder care services industry has been offered in this report, for making the readers understand the competitive scenario among leaders and emerging market players. A market attractiveness analysis, where applications have been assessed on the basis of their market size, general attractiveness, and Y-O-Y growth rate, has also been added to the report.

Elder Care Services Market: Research Methodology

In depth discussions and elaborate interviews have been conducted with various top industry experts and opinion leaders in order to create this report. End-to-end primary and secondary research methodologies have been used, which have aided in offering reliable intelligence on the elder care services market. Primary research represents bulk of the research efforts, which has been further supplemented with an extensive secondary research.

Prominent companies and new entrants in the elder care services market have been reviewed, while data sources such as press releases, annual reports, and other related documents have used for complete analysis on the market’s competitor landscape and the market understanding. The research approach employed has been understood as being to be most reliable and effective approach to harness accurate information on the market data, finding and making use of latent business opportunities, and gaining actionable insights on the industry participants.

Browse Full Global Elder Care Services Market Report with TOC :

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