Geriatric Care Services Market 2022-2027: Global Industry Demand, Growth Rate, Outlook, Top Companies and Forecast

August 25 14:00 2022
The global geriatric care services market is majorly driven by the introduction of favorable government policies for senior citizens, along with lucrative reimbursement policies.

According to latest research report By IMARC Group, titled “Geriatric Care Services Market Research Report: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. The global geriatric care services market size reached a value of US$ 997.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1582.5 Billion by 2027 exhibiting a CAGR of 7.70% during 2022-2027.

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Geriatric care services are those services that aid patients in living a more comfortable and safe life, hence preventing early deaths to an extent. These are offered on an on-demand basis to individuals who need occasional care. It aims to assist the healthcare providers in assisted living facilities and enhance the lives of the elderly, whether at home or in assisted care. It incorporates health care with various essential services, such as home care services, assistance with activities of daily living, and financial planning, among others.

Global Geriatric Care Services Market Trends:

The global market is majorly driven by the introduction of favorable government policies for senior citizens, along with lucrative reimbursement policies. In line with this, ongoing improvements related to geriatric care services, such as availability and skills of care workers, professional education, transparency regarding the quality of care, and remote patient management, are positively influencing the market. Furthermore, rapid technological advancements in geriatric care services and increasing chronic ailments, such as cardiovascular, orthopedic, diabetes, and cancer, among others, are aiding in the market expansion. Additionally, the growing awareness regarding the easy availability of healthcare facilities for senior patients is also expected to strengthen the growth of the geriatric care services market.

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Key Players Included in Global Geriatric Care Services Market Research Report:

  • Amedisys Inc.
  • Brookdale Senior Living Inc.
  • Econ Healthcare Group
  • Extendicare Inc.
  • Genesis HealthCare
  • Home Instead Inc. (Honor Technology Inc.)
  • Kindred Healthcare
  • Portea Medical
  • Revera Inc.
  • Rosewood Care Group Inc.
  • Sunrise Senior Living LLC.

Key Market Segmentation:

Breakup by Services:

  • Home Care
  • Adult Day Care
  • Institutional Care

Breakup by Payment Source:

  • Public Insurance
  • Private Insurance
  • Out-of-pocket
  • Others

Breakup by Application:

  • Respiratory Diseases
  • Diabetes
  • Heart Diseases
  • Neurological Diseases
  • Kidney Diseases
  • Cancer
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

TOC for the Geriatric Care Services Market Research Report:

  • Preface
  • Scope and Methodology
  • Executive Summary
  • Introduction
  • Geriatric Care Services Market
  • SWOT Analysis
  • Value Chain Analysis
  • Price Analysis
  • Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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