Elderly Care Services Market Size, Share, Regional Overview and Global Forecast to 2032

The second reason is people simply prefer to age in place as seniors feel more comfortable in a familiar surroundings.

And thirdly, home care offers people an affordable care option.

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And when you do business in an area where you are interested in and greatly passionate about, it is obvious your business will grow and make profit for you.And the most obvious reason for investing in elderly home care franchise business is that it is growing rapidly.

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Nursing Home visits are only available for regular patients of this Clinic who are unable to attend because of their medical condition.

Visits can also be arranged for practice patients in nursing homes and retirement villages in the vicinity.

The overall elder care services market is estimated to be valued at US$ 927.1 billion in 2017 and is slated to reach a market value nearly US$1767.3 billion in the year end 2025. This billion dollar market is projected to grow progressively at a CAGR of 8.4% during the assessment period.

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The overall market is segmented into service type, financing source and region. 

Forecast by service type

Based on service type, the market is sub-segmented into institutional care, home-based care and community-based care. The institutional care segment is projected to account for nearly 75% of revenue share of the market in 2025 and remain lucrative throughout the forecast period.  However, by 2025, the community-based care remains the second leading sector to account for nearly 18% revenue share of the market.

Forecast by financing source

In terms of financing source, the overall market is sub-segmented into out-of-pocket spending, public expenditure and private source. The public expenditure majorly finances the overall elder care services market, exhibiting a CAGR of 7.9% during the assessment period. The out-of-pocket spending will remain the second most lucrative market by recording a CAGR of 9.4% growth during 2017–2025 

Forecast by region

The global market is studied across the five prominent regions 

• Middle East & Africa

• Europe

• North America

• Asia Pacific

• Latin America

The European market remains the leading market for the elder care services accounting for 37% revenue share of the market in 2017. North America is estimated as the second leading market accounting for around 30% of revenue share in the beginning of the forecast period. Although, the APAC market is projected to witness a CAGR of 11.0% as the emergent market throughout the projection period.

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The key companies in the overall elder care services market include,

• Econ Healthcare Group

• St Luke's ElderCare Ltd

• Samvedna Senior Care

• Benesse Style Care Co. Ltd

• Epoch Elder Care

• Latin America Home Health Care

• ApnaCare Latin America Private Limited

• NTUC Health Co-Operative Ltd

• Nichiigakkan Co. Ltd

• Orange Valley Healthcare

• Golden Years Hospital

• SASCO Integrated Eldercare Centre

• GoldenCare Group Private Limited

• Carewell-Service Co., Ltd, RIEI Co. Ltd

• Pacific Healthcare Nursing Home

• Cascade Healthcare

• Millennia Personal Care Services

• United Medicare Pvt Ltd.

• Rosewood Care Group Inc.

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Global Elder Care Services Market The GMI Research predicts that the Elder Care Services Market will perceive an increase in demand over the forecast period.

This is because of the soaring development in the aging section within healthcare infrastructure and growing initiatives by the government to enhance their life quality.

Request for a FREE Sample Report on Elder Care Services MarketElder Care Services Market DynamicsThe accelerating geriatric population, the growing presence of many chronic diseases such as high blood pressure and diabetes are escalating the growth of the elder care service market size.

In addition, the augmenting expenditure by individuals in the healthcare sector, as well as several government allowances and numerous insurance coverages for old age people, have stimulated market growth.

Further, the enlarged life expectancy and ongoing technological innovations have raised the requirement of geriatric care, which is thereby impelling the market growth.

Besides this, several issues such as disremembering the things or lack of ability to align thoughts properly demands specialized care and support, which is another factor contributing to the market growth.

Brazil Elderly Care MarketData Bridge Market research presents the top quality and comprehensive Brazil Elderly Care Market research report which provides clear insights into market dynamics and prospects the whole market including global production, revenue forecast, value and volume.

This Brazil Elderly Care Market report deeply study competitive scenario and evaluated the crucial vendors with regard to product stratification and business strategies.

The detailed information of the existed industries is the first acquired by the dedicated team to provide exact and accurate data of the market.Brazil Elderly Care Market is expected to reach USD 93.7 Billion by 2025 from USD 61.5 Billion in 2017, at a CAGR of 5.5% in the forecast period 2018 to 2025Get Access to PDF Sample of Brazil Elderly Care Market Size, Status and Forecast 2019-2025 @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=brazil-elderly-care-marketMarket Segmentation: Brazil Elderly Care MarketThe Brazil elderly care market is segmented based on product type into two notable segments; pharmaceuticals and housing and assistive devices.

The Brazil elderly care market is dominated by housing and assistive devices with 91.3% market share in 2017 and is expected to grow at the highest CAGR of 5.6% in the forecast period.The Brazil elderly care market is segmented based on service into three notable segments; institutional care, homecare and adult day care.

In 2017, government insurances market is expected to dominate market with 60.5% shares and is estimated to reach USD 57.73 million by 2025, growing with a CAGR of 5.7%.Focal points covered in this Brazil Elderly Care Market reportThis Brazil Elderly Care Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.

Also it creates a relationship of the market outlook with Porter Five Force AnalysisThis research report is inclusive concept of the market progression.

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DELHI, OCTOBER 5, 2020 – Today’s older population might have the mindset of “Age 60 is the new 30”, but that doesn’t mean they have the flexibility and agility of a 30-year old to go out and manage everything on their own during the times of COVID-19 crisis.

Thanks to Seniors First, a technology and information enabled eCommerce platform that can help improve senior care in India.

On this one-stop platform, seniors can browse lists of service providers and their contact details in the neighborhood.

They get the independence to choose and get their preferred product or service.Previously, the elderly family members were taken care of by other members of the family.

Senior care services from professionals can help our elderly citizens lead a confident life and most importantly, book services sitting at the comfort of their homes.The Chairman of Seniors First said, “The COVID-19 has taken the elder care crisis to a more challenging level across the globe, and not just in India.

We hope platforms like Seniors First will act as a virtual community from where they can browse and find suitable services from their phones.” The platform also enables seniors to join preferred communities and beat loneliness by joining several engagement activities offered by Seniors First.He further added, “The website and navigation has been designed keeping in mind our targeted customers.