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Research Reports


The global Elder Care Services Market is there to witness an irrevocable In Upcoming Years. Innovation in the form of digital tools is the buzzword all across. Even though it’s the youth engaging in digital and social platforms, the geriatric population could get benefited by engaging the services therein. Thus, the exponential influx of e-business, online consultations, and booking, door-step delivery are likely to run through the enterprise going forward.

Beneficial schemes by insurance companies, altering economic and social conditions, expanding greying population, and changes in family structures are the main factors shaping the increased demand for elder care services. Increasing numbers of home care, daycare, and elder care facilities equipped with skilled medical professionals for the management of chronic diseases and home-like care of the geriatric population are on the rise. Rising awareness of such care centres, and increasing public and government investments, are leading to better care facilities for the elder population. Developed nations such as the U.S., Canada, Japan, and others are seeing their geriatric population increasing. Also, the number of individuals with physical disabilities has also increased, thus adding more reliance on daycare or nursing services.

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Developments by key players have also fueled the market, with the elevation of service portfolios and integration of smart technologies for remote access and telemedication. The global elder care services market is projected to be valued at US$ 1.2 Bn in 2021, and expand at a CAGR of around 8% over the forecast period of 2021 to 2031.

Company Profiles:

  • Benesse Style Care Co., Ltd
  • Econ Healthcare Group
  • Epoch Elder Care
  • St Luke’s ElderCare Ltd
  • Latin America Home Health Care
  • Samvedna Senior Care
  • ApnaCare Latin America Private Limited
  • Nichiigakkan Co. Ltd
  • Golden Years Hospital Orange Valley Healthcare
  • Orange Valley Healthcare
  • NTUC Health Co-Operative Ltd
  • GoldenCare Group Private Limited
  • Carewell-Service Co., Ltd RIEI Co., Ltd
  • SASCO Integrated Eldercare Centre
  • Cascade Healthcare
  • Millennia Personal Care Services Rosewood Care Group Inc.
  • Rosewood Care Group Inc.
  • Pacific Healthcare Nursing Home

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Key Takeaways from Elder Care Services Market Study

“Massively expanding geriatric population, improving daycare and elder care facilities, along with increasing elder care insurance and schemes are projected to surge demand for elder care services,” says a Persistence Market Research analyst.

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Consolidation Activity – Key Market Strategy

The market is experiencing some consolidation activities by manufacturers, which include collaborations, acquisitions, and partnerships. Providers have deliberated focus on expanding capacity to deliver massive units in lesser time.

  • For instance, in 2017, Korian Group merged into the Senior Living Group of its Belgian subsidiary, which has elevated the capacity of 1,000 beds at the facility.

Several technological advancements have also been infused by key players into the care regimes of elders.

What else is in the report?

Persistence market research offers actionable insights and a unique perspective on the elder care services market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021–2031, based on service (home-based care, community-based care, and institutional care) and financing source (public expenditure, private source, and out-of-pocket spending), across seven key regions of the world.

About Us: Persistence Market Research

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