The global demand for Geriatric Care Services Market is presumed to reach the market size of nearly USD 0.81 MN by 2028 from USD 0.53 MN in 2021 with a CAGR of 6.3% under the study period 2022 - 2028.
Geriatric care services are facilities that provide medical care to senior citizens. Geriatric care services aim to improve older people's health by preventing and treating illnesses. Geriatric care services involve coordinating and planning the care of senior citizens with mental and physical disabilities to meet their long-term care needs, maintain their independence, and improve their quality of life, among other things. Geriatric care services include health care and other important services such as home care, aid with daily activities, and financial planning.
Market Dynamics
The high incidence rate of chronic health conditions such as cardiovascular diseases (CVDs), diabetes, high blood pressure, orthopaedic disorders, and cancer is anticipated driving the market growth. In addition, the combination of increased comorbid conditions and the decrease in the activity of the immune system of the elderly population is further driving the market for geriatric care services. Also, the recent technological evolution in geriatric care services will benefit the growth of the geriatric care services market in the upcoming years. However, the high cost involved in geriatric care services may hamper the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of geriatric care services. The growth and trends of geriatric care services industry provide a holistic approach to this study.
Market Segmentation
This section of the geriatric care services market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Service
- Home Care
- Adult Day Care
- Institutional Care
- Nursing Homes
- Hospitals
- Assisted Living
- Independent Senior Living
By Service Provider
By Payment Source
- Public Insurance
- Private Insurance
- Out-Of-Pocket
- Others
By Age Group
- 65-70 Years
- 71-75 Years
- 76-80 Years
- 81-85 Years
- 86-90 Years
- Above 91 Years
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Geriatric Care Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Geriatric Care Services Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the geriatric care services market include Brookdale Senior Living Inc., Extendicare Inc., Gentiva Health Services, Inc., Kindred Healthcare Inc., Senior Care Centers of America, Sunrise Senior Living Inc., and Genesis Healthcare Corp. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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