United States, Rockville, MD, June 23, 2022 (GLOBE NEWSWIRE) -- The geriatric care services market accounted for a net valuation of US$ 400 Mn in 2020, and is projected to reach US$ 700 Mn by the end of 2028, according to analysts at Fact.MR, a market research and competitive intelligence provider.
The world has witnessed a substantial increase in the aging population and this trend has majorly propelled the geriatric care services market potential which is also expected to be followed through 2028. Rising support from governments, increasing focus on preventive healthcare, the prevalence of chronic infectious diseases, and favorable reimbursement policies for elderly care are expected to be prominent factors influencing market growth through 2028.
However, the lack of geriatric care services in developing nations and the high costs of elderly care services are anticipated to slow down the global geriatric care services market growth. The increasing popularity of home-based elder care services is also expected to boost the geriatric care services market potential over the forecast period.
For more insights into the Market, Get A Sample of this Report!
https://www.factmr.com/connectus/sample?flag=S&rep_id=7228
Key geriatric care service providers are focusing on the expansion of their coverage scope across regions by launching new services and institutions specifically focused on elderly care.
- In January 2022, Yodda Elder Care Technologies, a premium parent care company headquartered in India, announced the start of its emergency and healthcare services for the elderly who live independently in Hyderabad, India.
Key Takeaways from Market Study
- The global geriatric care services market held a net worth of US$ 400 Mn in 2020.
- From 2021 to 2028, demand for geriatric care services is predicted to rise at a CAGR of 5.3%.
- By 2028, the geriatric care services market is anticipated to be valued at US$ 700 Mn.
- Increasing aging population, rising focus on geriatric care, and growing supportive initiatives from governments are expected to majorly drive geriatric care services market growth.
- Lack of geriatric care services in developing economies and high costs of these services are anticipated hinder market growth to some extent.
- North America is expected to lead the global geriatric care services market.
For Comprehensive Insights Ask An Analyst Here
https://www.factmr.com/connectus/sample?flag=AE&rep_id=7228
Winning Strategy
Market players are focusing on the establishment of new elder care facilities to serve the rising geriatric population across the world and this trend is expected to be prominent in the developing economies.
Geriatric care service providers are also focusing on advancing their offerings by integration of new advanced technologies to provide better services. Supportive government initiatives are also expected to favor the growth of the geriatric care services market players over the forecast period.
Key Segments Covered in Geriatric Care Services Industry Research
- Geriatric Care Services Market by Type:
- Home Care
- Health Care
- Medical Care
- Physiotherapy Services
- Telehealth
- Palliative Care
- Hospice Care
- Non-medical Home Care
- Personal Care
- Home Making
- Meals and Grocery
- Rehabilitation
- Others
- Health Care
- Adult Day Care
- Health Care
- Non-Medical Care
- Institutional Care
- Nursing Homes
- Palliative Care
- Hospice Care
- Hospital-Based
- Assisted Living
- Independent Senior Living
- Nursing Homes
- Home Care
- Geriatric Care Services Market by Region:
- North America Geriatric Care Services Market
- Latin America Geriatric Care Services Market
- Europe Geriatric Care Services Market
- East Asia Geriatric Care Services Market
- South Asia & Oceania Geriatric Care Services Market
- MEA Geriatric Care Services Market
Get Customization on this Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7228
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global geriatric care services market, presenting historical demand data (2017-2020) and forecast statistics for the period of 2021-2028.
The study divulges essential insights on the market on the basis of type (home care, adult day care, institutional care), across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
Fact.MR’s Domain Knowledge in Healthcare
Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support - encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
Check out more studies related to Healthcare Industry, conducted by Fact.MR:
Intrapartum Monitoring Devices Market Outlook (2022-2032) - The global intrapartum monitoring devices market was valued at US$ 2.2 Billion in 2021, and is projected to register a Y-o-Y increase of 4.5% in 2022 to be valued at US$ 2.3 Billion.
Europe Patient Positioning System Market Outlook (2022-2032) - The Europe patient positioning system market is currently valued at US$ 287.5 million and is projected to register 4.5% CAGR through 2032.
Mobile Imaging Services Market Outlook - The mobile imaging services market is predicted to grow at a steady CAGR of 3.9% during the projected period of 2022 to 2032. The mobile imaging services market share is estimated to be worth more than US$ 2.7 Billion by 2032.
U.S. Patient Positioning System Market Outlook (2022-2032) - Patient positioning system sales in the United States are estimated to cross a market valuation of US$ 324.8 million by the end of 2032. The U.S. patient positioning system market is forecasted to expand at 4.3% CAGR over the 2022-2032 assessment period.
Mixed Mode Chromatography Resin Market Outlook - The mixed mode chromatography resin market is predicted to grow at an impressive CAGR of 15.7% during the forecast period covering 2022 to 2032.
Idiopathic Thrombocytopenic Purpura Therapeutics Market Outlook (2022-2032)
The global idiopathic thrombocytopenic purpura therapeutics market was valued at US$ 587.0 Million in 2021, and is projected to be valued at US$ 620.5 Million in 2022. During the 2022-2032 period of assessment, demand is expected to rise at a 5.0% value CAGR.
Medical Nonwoven Disposables Market Outlook 2022 to 2032 - The medical nonwoven disposables market is predicted to grow at a moderate CAGR of 3.5% during the forecast period covering 2022 to 2032. The medical nonwoven disposables market share is estimated to reach a value of nearly US$ 28.9 Billion by 2032 expanding from US$ 19.7 Billion in 2021.
Contrast Media Injectors Market Outlook (2022-2032) - With a Y-o-Y growth rate of 7.1%, the global contrast media injectors market is estimated at US$ 1.5 Billion in 2022, as against US$ 1.4 Billion in 2021. With the growing prevalence of cancer and rising investments, the market is expected to garner US$ 3.1 Billion in 2032, reflecting a CAGR of 7.4% from 2022 to 2032.
Fixed and Mobile C-Arms Market Outlook - The fixed and mobile c-arms market is predicted to grow at a steady CAGR of 4.3% during the projected period of 2022 to 2032. The fixed and mobile c-arms share is estimated to be worth more than US$ 4.8 Billion by 2032, increasing from US$ 3 Billion in 2021.
Collateral Ligament Stabilizer System Market Snapshot - The global collateral ligament stabilizer system market was valued at US$ 1.8 Billion in 2021, and is projected to register a Y-o-Y increase of 6.6% in 2022 to be valued at US$ 1.9 Billion.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-158
