New York, NY, May 07, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Geriatric Care Services Market by Service Type (Home Care, Adult Day Care, and Institutional Care): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2023”. According to the report, global geriatric care services market was valued at approximately USD 916.31 billion in 2017 and is expected to generate revenue of around USD 1,390.63 billion by the end of 2023, growing at a CAGR of around 7.2% between 2017 and 2023.
There is growing geriatric population all over the world. This geriatric population intends to live independently; therefore there are geriatric care services which provide the workforce to take care of them. It also provides care for the elderly who are facing chronic physical conditions or other diseases and disorders. They comprise of personal care services, healthcare services, medical care services and other services so that it meets the daily requirement of the elderly person. Technological advancements that assist the geriatric population who live independently is a factor boosting the growth of the global geriatric care services market.
Browse through 16 Tables & 17 Figures spread over 110 Pages and in-depth TOC on "Global Geriatric Care Services Market: By Service Type, Size, Trends, Analysis and Forecast, 2017 - 2023”.
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The geriatric care services market is segmented on the basis of service type into home care, adult day care, and institutional daycare. Home care is further divided into health care and nonmedical health care. Adult day care is also further segmented as healthcare and non- medical care. Institutional care consists of nursing homes, hospital-based, assisted living, and independent senior living. Institutional daycare is expected to dominate the market. Home care segment is expected to show the highest growth in the forecasting period due to the increase in demand for being in the home.
North America is expected to dominate the global geriatric care services market due to the growth of the industry which also includes the existing and long-term geriatric care facilities. There are also favorable reimbursement facilities in the U.S. which are generated by the government.
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Europe is the second largest regional market and is expected to show significant growth in the years to come due to the presence of a large number of geriatric population.
The Asia Pacific is expected to show the highest growth rate in the forecast years. This is due to increase in the geriatric population. Also, the changing family structure is expected to drive the need of geriatric care services. China and India are expected to heighten the need of outside care provider as there is growth in long-term medical conditions and growth in disposable income.
Browse the full "Geriatric Care Services Market by Service Type (Home Care, Adult Day Care, and Institutional Care): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2023" report at https://www.zionmarketresearch.com/report/geriatric-care-services-market
The Middle East and Africa and Latin America are expected to witness the least growth in comparison to other regions. In Latin America, Brazil is expected to show higher growth than other regions.
Some of the key players in the global geriatric care services market include Brookdale Senior Living, Inc., Extendicare, Inc., Genesis HealthCare Corp., Gentiva Health Services, Inc., GGNSC Holdings, Home Instead Senior Care, Inc., Kindred Healthcare, Inc., Senior Care Centers of America, Skilled Healthcare Group, Inc., and Sunrise Senior Living, Inc. Major players are frequently engaged in mergers & acquisitions to retain their market share and diversify their product portfolio.
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This report segments the global geriatric care services market as follows:
Global Geriatric Care Services Market: Service-Type Segment Analysis
- Home Care
- Health Care
- Non-Medical Health Care
- Adult Day Care
- Health Care
- Non-Medical Health Care
- Institutional Care
- Nursing homes
- Hospital-based
- Assisted living
- Independent Senior Living
Global Geriatric Care Services Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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