Market Overview:
The global elder care services market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing geriatric population, rising demand for home-based and community-based care, and growing awareness about elder care services. The home-based care segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the increasing preference for home-based elderly care due to its cost-effective nature and better patient outcomes as compared with institutionalized or community-based elderly care. In terms of application, the community segment is projected to account for the largest share of the global elder care services market in 2018.
Product Definition:
Elder Care Services are services that are provided to elderly people. These services can include things like help with bathing, dressing, and grooming; assistance with meals; transportation to appointments; and help with medication management. Elder care services can be important because they can help seniors stay healthy and independent for as long as possible.
Home-Based Care:
Home-based care is a form of medical assistance provided to patients who are unable to receive the necessary treatment at hospitals or other healthcare facilities. Home-based care services include nursing, personal care assistance, housekeeping/laundry and meals. It also includes non-medical emergency services such as social work and psychological counseling.
Community-Based Care:
Community-based care is a type of home care service that offers medical assistance to the patients in the comfort of their homes. It provides medical help to people who do not require hospitalization but need some nursing and personal care services. The community-based care helps with daily activities such as bathing, dressing, eating and using the bathroom. It also helps with light housework, grocery shopping and other related tasks.
Application Insights:
The others application segment held the largest share of over 50.0% in 2017. The other applications include residential care, hospital-based care and long-term care.
Hospital-based and long-term care services are primarily intended for individuals requiring assistance with daily activities such as bathing, dressing and eating due to cognitive impairment or physical disability caused by illness or accident. These types of service providers also offer medical social work services that help promote independent living among their clients by addressing their health concerns along with providing personal hygiene instruction through grooming programs in case they have a barbering tradition at home then this can be taken advantage of during elder Care Services marketing campaigns as it is likely to create a good impression about the brand image among target consumers which will eventually benefit market growth over the forecast period (2018 - 2030).
Regional Analysis:
North America dominated the global elder care services market in 2017. The presence of a large number of service providers, favorable reimbursement policies, and increasing demand for quality long-term care are some factors driving the regional market. In addition, growing awareness about various options available for elderly people is expected to further fuel growth during the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing to an increase in government initiatives and investments aimed at improving access to long-term services for aging populations across countries such as China and India. Moreover, supportive regulations that enable home health agencies provide these services are also expected drive regional growth during the forecast period.
Growth Factors:
- Increasing life expectancy and the resultant growth in the geriatric population
- Rising incidence of chronic diseases among the elderly
- Increased preference for in-home care services over institutionalized care
- Growing awareness about elder care services and their benefits
- Proliferation of private eldercare service providers
Scope Of The Report
Report Attributes
Report Details
Report Title
Elder Care Services Market Research Report
By Type
Home-Based Care, Community-Based Care, Institutional Care
By Application
Community, Gerocomium, Others
By Companies
Benesse Style Care, Econ Healthcare, Epoch Elder Care, St Luke's ElderCare, Latin America Home Health Care, Samvedna Senior Care, ApnaCare Latin America, Nichiigakkan, Golden Years Hospital, Orange Valley Healthcare, NTUC Health Co-Operative, GoldenCare, Carewell-Service, RIEI, SNCF, Cascade Healthcare, Millennia Personal Care Services, Rosewood Care, Pacific Healthcare Nursing Home, United Medicare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Elder Care Services Market Report Segments:
The global Elder Care Services market is segmented on the basis of:
Types
Home-Based Care, Community-Based Care, Institutional Care
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Community, Gerocomium, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Benesse Style Care
- Econ Healthcare
- Epoch Elder Care
- St Luke's ElderCare
- Latin America Home Health Care
- Samvedna Senior Care
- ApnaCare Latin America
- Nichiigakkan
- Golden Years Hospital
- Orange Valley Healthcare
- NTUC Health Co-Operative
- GoldenCare
- Carewell-Service
- RIEI
- SNCF
- Cascade Healthcare
- Millennia Personal Care Services
- Rosewood Care
- Pacific Healthcare Nursing Home
- United Medicare
Highlights of The Elder Care Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Home-Based Care
- Community-Based Care
- Institutional Care
- By Application:
- Community
- Gerocomium
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elder Care Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Elder care services are a type of long-term care that provide assistance and support to older adults who may need help with activities of daily living, such as bathing, dressing, or eating. Services may also include help with managing finances and coordinating medical appointments.
Some of the major companies in the elder care services market are Benesse Style Care, Econ Healthcare, Epoch Elder Care, St Luke's ElderCare, Latin America Home Health Care, Samvedna Senior Care, ApnaCare Latin America, Nichiigakkan, Golden Years Hospital, Orange Valley Healthcare, NTUC Health Co-Operative, GoldenCare, Carewell-Service, RIEI, SNCF, Cascade Healthcare, Millennia Personal Care Services, Rosewood Care, Pacific Healthcare Nursing Home, United Medicare.
The elder care services market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elder Care Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Elder Care Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elder Care Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Elder Care Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Elder Care Services Market Size & Forecast, 2018-2028
4.5.1 Elder Care Services Market Size and Y-o-Y Growth
4.5.2 Elder Care Services Market Absolute $ Opportunity
Chapter 5 Global Elder Care Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Elder Care Services Market Size Forecast by Type
5.2.1 Home-Based Care
5.2.2 Community-Based Care
5.2.3 Institutional Care
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Elder Care Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Elder Care Services Market Size Forecast by Applications
6.2.1 Community
6.2.2 Gerocomium
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elder Care Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Elder Care Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Elder Care Services Analysis and Forecast
9.1 Introduction
9.2 North America Elder Care Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Elder Care Services Market Size Forecast by Type
9.6.1 Home-Based Care
9.6.2 Community-Based Care
9.6.3 Institutional Care
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Elder Care Services Market Size Forecast by Applications
9.10.1 Community
9.10.2 Gerocomium
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Elder Care Services Analysis and Forecast
10.1 Introduction
10.2 Europe Elder Care Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Elder Care Services Market Size Forecast by Type
10.6.1 Home-Based Care
10.6.2 Community-Based Care
10.6.3 Institutional Care
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Elder Care Services Market Size Forecast by Applications
10.10.1 Community
10.10.2 Gerocomium
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Elder Care Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Elder Care Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Elder Care Services Market Size Forecast by Type
11.6.1 Home-Based Care
11.6.2 Community-Based Care
11.6.3 Institutional Care
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Elder Care Services Market Size Forecast by Applications
11.10.1 Community
11.10.2 Gerocomium
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Elder Care Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Elder Care Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Elder Care Services Market Size Forecast by Type
12.6.1 Home-Based Care
12.6.2 Community-Based Care
12.6.3 Institutional Care
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Elder Care Services Market Size Forecast by Applications
12.10.1 Community
12.10.2 Gerocomium
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Elder Care Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Elder Care Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Elder Care Services Market Size Forecast by Type
13.6.1 Home-Based Care
13.6.2 Community-Based Care
13.6.3 Institutional Care
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Elder Care Services Market Size Forecast by Applications
13.10.1 Community
13.10.2 Gerocomium
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Elder Care Services Market: Competitive Dashboard
14.2 Global Elder Care Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Benesse Style Care
14.3.2 Econ Healthcare
14.3.3 Epoch Elder Care
14.3.4 St Luke's ElderCare
14.3.5 Latin America Home Health Care
14.3.6 Samvedna Senior Care
14.3.7 ApnaCare Latin America
14.3.8 Nichiigakkan
14.3.9 Golden Years Hospital
14.3.10 Orange Valley Healthcare
14.3.11 NTUC Health Co-Operative
14.3.12 GoldenCare
14.3.13 Carewell-Service
14.3.14 RIEI
14.3.15 SNCF
14.3.16 Cascade Healthcare
14.3.17 Millennia Personal Care Services
14.3.18 Rosewood Care
14.3.19 Pacific Healthcare Nursing Home
14.3.20 United Medicare
