The Global
Elderly Care Market accounted for USD 863.7billion in 2016 growing at a CAGR of
8.4% during the forecast period of 2017 to 2024. The upcoming market reports
contain data for historic year 2015, the base year of calculation is 2016 and
the forecast period is 2017 to 2024.
“Global
Elderly Care Market” By Type ({Home Care (Health Care, Non-Medical Home
Care), Adult Day Care, Institutional Care (Nursing Homes, Hospital Based,
Assisted Living, Independent Senior Living)}), Product Type (Pharmaceuticals,
Housing & Assistive Devices, Technology);Geography (North America, Europe,
Asia-Pacific, South America, Middle East, Africa).
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Senior citizens need
assistance with daily activities as well as healthcare requirements. Elderly
careis the fulfilment of the special needs and requirements in terms of medical
support that are unique to senior citizens.
Major
Market Drivers and Restraints:
·
Rising geriatric population
·
Increased life expectancy
·
Prevalence chronic illness
among aged population
·
Growth in health expenditure by
senior citizens
·
Rise of technology-enhanced
senior care
·
Easy reimbursement policies
·
Lack of qualified employee
·
Cost affordability
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Market Segmentation: Global Elderly
Care Market
On the basis of type, global
elderly care market is segmented into home care, adult day care, and
institutional care.
On the basis of product
types, global elderly care market is segmented into pharmaceuticals, housing
and assistive devices, and technology.
On the basis of geography,
global elderly care market report covers data
points for 28 countries across multiple geographies such as North America,
South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the
major countries covered in this report are U.S., Canada, Germany, France, U.K.,
Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan,
Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Analysis: Global Elderly
Care Market
The global elderly care
market is highly fragmented and is based on new product launches and clinical
results of products. Hence the major players have used various strategies such
as new product launches, clinical trials, market initiatives, high expense on
research and development, agreements, joint ventures, partnerships,
acquisitions, and others to increase their footprints in this market. The
report includes market shares of global elderly care marketfor global, Europe,
North America, Asia Pacific, and South America.
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Major Market Competitors: Global
Elderly Care Market
Global elderly care market
is dominated by Amedisys, Brookdale Senior Living Solutions, Japan Senior
Living Investment Corporation. , Econ Healthcare Group , Epoch Elder Care,
Extendicare Inc.,Gentiva Health Services Inc. , Genesis HealthCare, Kindred
Healthcare, Inc.,NTUC HEALTH CO-OPERATIVE LTD, ST LUKE’S ELDERCARE LTD,
Samvedna Senior Care, and Goldencare among others.
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Report
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