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Global Geriatric Care Services Market, By Service Type, and By Geography - Trends, Analysis and Forecast till 2024

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Aging increases the risk of chronic diseases such as diabetes, cardiac disorders, arthritis, and respiratory disorders that require continuous monitoring. Also, aging decreases bone density that makes it a challenge for the geriatric population to c
GLOBAL GERIATRIC CARE SERVICES
MARKET
INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2016–2024
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REPORT DESCRIPTION
Geriatric Care Services – Ageless Care
Aging increases the risk of chronic diseases such as diabetes, cardiac disorders, arthritis, and
respiratory disorders that require continuous monitoring. Also, aging decreases bone density
that makes it a challenge for the geriatric population to continuously manage their medical
needs and perform their daily activities. Hence, the need for geriatric care services arises,
which to a great extent eases the life of the elderly population. Increasing need for
continuous health assistance by the elderly population is driving demand for continuing
care.
The global geriatric care services market was valued at US$ 599.6 billion in 2015 and is
expected to expand at a CAGR of 4.2% during the forecast period (2016 – 2024).
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Growing elderly population base driving the growth of geriatric care services market
Population aged 65 years and above is expected to grow more than 60% during the 20152030 (U.S. Census Bureau, 2015). The study estimates that the highest growth would be in
Asia and Latin America. Africa on the other hand is the youngest region as of 2015 and is
expected to remain so in the near future. Therefore, growth of elderly care in respective
regions is estimated to follow a similar trend. However, affordability is one factor that would
have negative impact on the growth of geriatric care services market in emerging economies
such as India, Brazil, and China. Therefore, service providers need to offer cost-effective
products in order to attract the relatively cost-sensitive customers in these countries.
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REPORT DESCRIPTION
Increasing range of services by geriatric care centers to improve the geriatric care services market outlook
Geriatric care centers has evolved from being mere psychological support to nursing care and supervision.
Geriatric care centers have well-trained specialists for different geriatric care needs. Services include health
planning, problem-solving, health assessment and monitoring, home-care services, and personal care
assistance. Furthermore, the providers of geriatric care services help customers to choose the most
appropriate insurance policies as per their individual needs. The geriatric care managers also offer counseling
and support, crisis intervention, decisions regarding appropriate housing options, money management, and
assistance with moving an elderly to or from different types of housing. LivHome Technology+, by LivHome,
Inc., addresses the safety issues, enables social engagement, and medication support. The company has
LivHome Connect that includes 24 hour Active Remote Care (ARC) from in-house licensed nurses to the
patients in need.
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Growing demand for continuing care in the global geriatric care services market
Geriatric care centers provide services include home healthcare, assisted living facilities,
adult day care services, continuing care recruitment, and skilled nursing facilities. Skilled
nursing facilities and home healthcare are the major revenue contributors for providers,
owing to involvement of more time and workforce in these service types. However, demand
for continuing care is increasing rapidly. Elderly population is highly prone to injuries, and
therefore require continual care. Also, increasing women labor workforce participation has
led to increase in demand for continuing care. The continuing care service type segment in
the global geriatric care services market is projected to develop at a CAGR of 4.6% during the
forecast period (2016-2024).
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REPORT DESCRIPTION
Key features of the study:
• This report provides in-depth analysis of the geriatric care services and provides market size
(US$ Billion) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2016 –
2024, considering 2015 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive
investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new
product launches or approval, regional outlook, and competitive strategy adopted by the
leading players
• It profiles leading players in the global geriatric care services market based on the following
parameters – company overview, financial performance, product portfolio, geographical
presence, distribution strategies, key developments and strategies and future plans
• Key companies covered as a part of this study include Brookdale Senior living, Sunrise Senior
Living Inc., Senior Care Centers of America, Kindred Healthcare Inc., GGNSC Holdings, LLC,
Extendicare, Inc., Home Instead Senior Care Inc., Gentiva Health Services Inc., and Genesis
Healthcare Corp
• Insights from this report will allow marketers and the management authorities of companies to
make informed decision with respect to their future product launch, technology upgrades,
market expansion, and marketing tactics
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