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North America Geriatric Care Services Market Perceiving Growth, Competitive Analysis, Future Prospects and Forecast 2025

The report on North America geriatric care services market provides in-depth analysis and overview of the key factors influencing the global market, share analysis, and revenue of several sub-segments. The research report offers comprehensive insigh
Adroit Market Research
North America Geriatric Care
Services Market Size
by Type (Home Care, Adult Care and Institutional
Care) and By Country and Forecast 2018 to 2025
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North America geriatric care services Market Size and Forecast 2018-2025
• The North America geriatric care services report also includes qualitative insights of the market such as drivers, restrains,
PEST analysis and regulatory framework.
• The study covers the North America geriatric care services market value for a period ranging between 2012 to 2025,
where 2012 to 2017 imply the actual annual revenue with forecast between 2018 and 2025.
• The North America geriatric care services market is expected to reach USD 421.6 billion, driven by increasing life
expectancy in the region.
• Rising advancements in technologies leading to the availability of improved healthcare services and advanced treatments
alternatives is in turn increasing the life expectancy especially in the U.S.
• Rising health awareness among people and the adverse medical events among the geriatric population is accelerating the
growth of the North America geriatric care services market.
• The geriatric care service industry is comprised of home healthcare agencies, skilled nursing facilities, continuing care
facilities, assisted living facilities and social services agencies.
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North America geriatric care services Market Size and Forecast 2018-2025
• The market will be growing at a substantial rate driven by the increased number of baby boomers entering the
retirement years and the changing demographics of the country.
• Furthermore, modifications in the federal regulations, specifically for the Medicaid and medicare payments, is permitting
flexible and increased payment alternatives.
• Most of the geriatric population require long term support and services including assistance with daily activities; for
instance, dressing and bathing because of cognitive or physical impairment.
• Geriatric care services market is segmented into home care, adult care and institutional care. In 2017, home care
segment accounted for the largest share of nearly 40% registering a CAGR of 5.5%.
• Increasing preference towards home care services when compared to institutional care services is a key factor expected
to result in a significant growth of the health care services market.
• Home care segment is expected to witness the highest growth potential over the forecast period owing to rising
inclination of consumers towards choosing hygienic and relatively more comfortable options for their treatment.
• Also, increasing investments by governments as well as increasing number of favourable policies by several healthcare
organizations is anticipated to drive the growth of adult day care segment over the forecast period.
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Key segments of the North America geriatric care services market
• Type Overview, 2015-2025 (USD million)
• Home Care
• Adult Care
• Institutional Care
• Regional Overview, 2015-2025 (USD million)
• North America
• United States
• Canada
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Adroit Market Research is an India-based business analytics and consulting company. Our
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