Global Elderly Care Services
Market Report
2025
Delivery Includes:- Market Timeline 2021 till 2033, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global elder care service Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
• The global elder care market will expand significantly by XX% CAGR between 2024 and 2031.
• The home care type segment accounts for the largest market share and is anticipated to a healthy growth over the approaching years.
• The pharmaceutical sector holds the largest share and is expected to grow in the coming years as well.
• Heart disease application is the market's largest contributor and is anticipated to expand at a CAGR of XX% during the projected period.
• The North America region dominated the market and accounted for the highest revenue of XX% in 2022 and it is projected that it will grow at a CAGR of XX% in the future
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Service Type |
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Market Split by Application |
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Market Split by Service Provider |
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Market Split by Conclusion | |
List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Report scope is customizable as we have a huge database of Elderly Care Services industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Elderly Care Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Elder care services mean serving the needs of old adults. It encompasses assisted living, adult daycare, long-term care, nursing homes (often called residential care), hospice care, and home care. Due to the wide variety of elderly care needs and cultural perspectives on the elderly, there is a broad range of practices and institutions across different parts of the world. Also, the market for elder care services is growing due to the increasing number of retirement communities. Retirement communities are privately owned and operated, representing a shift from a ‘care as service’ to a ‘care as business’ model.
Additionally, Elderly care includes a broad range of practices and institutions, as there is a wide variety of elderly care needs and cultural perspectives on the elderly throughout the world. Traditionally, care for older adults has been the responsibility of family members and was provided within the extended family home. Increasingly in modern societies, care is now provided by state or charitable institutions. The reasons for this change include shrinking families, longer life expectancy, and geographical dispersion of families. Although these changes have affected European and North American countries first, they are now increasingly affecting Asian countries.
The increasing number of retirement communities boosts the market of elder care services globally. The growing demand for home care services is a driving factor for the growth of elder care services. As per WHO, the elderly population is predicted to reach nearly over 1 billion by 2050 across emerging economies and this rise will translate into huge demand for elder care services, thereby enlarging the scope of the market soon. Also, the elderly population is prone to diabetes, arthritis, and renal insufficiency along with other chronic diseases this factor drives the market.
For instance- to address these challenges Athulya Senior Care launched a host of cutting-edge facilities, a highly skilled and professionally trained staff, advanced safety and security measures, personalized dietary planning by expert dieticians, and a diverse array of mentally and physically stimulating activities. (source:https://www.athulyaseniorcare.com/news-and-media.php)
In recent years, the demand for elder care services is expected to grow as the global population continues to age. Also, technological advancement plays a crucial role in growing the market for elder care services. Elder care service provides technological solutions, such as remote monitoring devices, AI-generated gadgets for emergency assistance, advanced health trackers, and communication platforms, which are increasingly utilized to ensure the well-being and safety of older adults.
For instance- SINGAPORE – A new robotics rehabilitation center has just been opened in Bukit Batok, bringing advanced robotics therapy closer to elderly residents. (sopurce:https://www.straitstimes.com/singapore/new-rehabilitation-centre-brings-robotics-therapy-to-the-elderly-in-bukit-batok-community)
Hence, with the rapid increase in the aged population, and the growing demand for elder care services with advanced technological advancement fueled the market for elder care services.
The emerging economies along with the low availability of skilled personnel can inhibit the expansion of the elderly care services market across the globe. Developing countries often struggle with limited healthcare infrastructure, making it challenging to establish specialized elder care services. Affordability issues for families in providing long-term care solutions, including assisted living or nursing home care may challenge the market growth for elder care services. The ongoing assistance and supportive lifestyle provided to senior citizens have many attributes that can contribute to low profit margins. Low refunds are generated by government funds and some insurance companies, which significantly restrains the market's growth. The financial aspects cannot meet the home services' premium quality services, hindering the market's growth. As the medical costs are increasing, the service providers cannot meet the health care cost of the elderly care services.
For instance- More than 17 million older adults age 65+ are economically insecure, with incomes below 200% of the federal poverty level. These older adults struggle with rising housing and health care bills, inadequate nutrition, lack of access to transportation, diminished savings, and job loss. For older adults who are above the poverty level, one major adverse life event can change today’s realities into tomorrow’s troubles. (source:https://www.ncoa.org/article/get-the-facts-on-economic-security-for-seniors)
Hence, Financial vulnerability and poverty among older people present a significant challenge to accessing quality elder care services.
An increase in disposable income creates awareness for better lifestyles and healthcare facilities. This will shift the preference of aged people from an independent lifestyle to well-serviced residents with better care and facilities. Numerous facilities provided to these elderly populations enhance opportunities for the growth of elder care services.
For instance- According to the World Health Organization, the number of people aged 60 years and older is projected to more than double, from 1 billion in 2020 to 2.1 billion by 2050. This unprecedented growth in the elderly population has fueled a corresponding surge in the demand for senior care services. (source:https://chefsforseniors.com/blog/booming-senior-care-industry/)
Hence, The senior care industry encompasses a wide range of services and solutions designed to meet the diverse needs of the elderly population, from independent living and services dedicated to helping aging adults remain independent in their homes, to assisted living and specialized care facilities.
• 21 May 2024, Emoha Partners with Aditya Birla Health Insurance to Provide Holistic Eldercare Solutions. This collaboration will empower ABHICL to offer personalized senior care solutions to its corporate clients and group mediclaim policyholders, thereby extending Emoha's comprehensive services to a wider audience across the nation.
• 27 Jan 2022, Yodda Elder Care Technologies today announced the launch of their operations in the city of Hyderabad, India. Yodda, a premium parent care company, will now offer emergency services, healthcare services and convenience services to senior citizens.
• 25 Jun 2024, Vesta Elder Care and Family Pro Health have collaborated to launch SMART elder care solutions, providing comprehensive support for seniors. The partnership combines Vesta’s personalized elder care services with Family Pro Health’s AI-based health monitoring, enabling real-time monitoring of vital parameters and instant access for family members and physicians.`
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The Elder Care Service market competitive landscape provides a detailed analysis of competitors. The detailed analysis includes company overview, company financial statements, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, and application dominance.
Top Companies Market Share in Elderly Care Services Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Research, the North America region dominated the market and accounted for the highest revenue of XX% in 2022 and it is projected that it will grow at a CAGR of XX% in the future. The United States holds the largest share in this region due to its highly advanced healthcare infrastructure, comprising medical facilities, research institutions, and a well-established network of healthcare providers. North America region has a growing aging population, with a large percentage of seniors requiring various levels of care and support.
Asia Pacific is projected to grow at a CAGR of XX% over the period. Growing demand for medical facilities in countries such as India and China is a major factor fueling the industry in this region.
The current report Scope analyzes Elderly Care Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, the North America elder care service Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
According to Cognitive Market Research, the Europe elder care service Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
According to Cognitive Market Research, the Asia Pacific elder care service Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
According to Cognitive Market Research, the South America elder care service Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
According to Cognitive Market Research, the Middle East and Africa elder care service Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
Global Elderly Care Services Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Elderly Care Services Industry growth. Elderly Care Services market has been segmented with the help of its Service Type, Application Service Provider, and others. Elderly Care Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on service type, the home care segment dominates the market among other segments by holding the largest revenue share in the market. Home care services offer valuable assistance to families in creating care plans for their elderly family members, covering a wide range of medical treatments, nursing services, and personalized care. These services are delivered by highly skilled professionals who possess expertise in this field.
For instance- with the increasing popularity of home care services Apollo Hospitals is currently investing Rs 1,400 crore for setting up four hospitals, a few clinics and homecare services around India. https://apollohomecare.com/press-releases/
For instance- AlayaCare, a leading home-based care technology platform, is set to transform the industry by bringing cutting-edge technology, including large language models and machine learning, to home care providers across the world. These innovative solutions aim to address the critical challenges facing the sector and revolutionize care delivery to achieve better outcomes. (source:https://www.accesswire.com/850157/alayacare-revolutionizing-home-care-with-ai-based-solutions-to-address-industrys-most-challenging-problems)
Hence, the expanding elderly population globally is driving the elder care market expansion from 2020-2028.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Elderly Care Services Industry. Request a Free Sample PDF!
Based on the application, the heart disease sector is predicted to dominate market growth in 2020, driving the market's growth in the future year. The increasing prevalence of hypertension, blood pressure, and cardiovascular illnesses among aged people drives the market for heart diseases. The growing elderly population globally and increased public awareness of elder care services propelling the industry forward. Also, certain innovation takes place at this industry to boost the market.
For instance- Cardio Diagnostics Holdings, Inc. Receives Innovative Technology Contract from Vizient for Its Novel AI-Driven Precision Heart Disease Tests – Epi+Gen CHD & PrecisionCHD. The mission is to transform cardiovascular disease management through advanced diagnostics. https://www.businesswire.com/news/home/20231031406599/en/Cardio-Diagnostics-Holdings-Inc-Receives-Innovative-Technology-Contract-from-Vizient-for-Its-Novel-AI-Driven-Precision-Heart-Disease-Tests-%E2%80%93-EpiGen-CHD-PrecisionCHD
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
With the help of the above study about the elder care service market, it can be concluded that the market for elder care services worldwide is expected to develop significantly soon. From the report, one can understand and infer the market dynamics, segmentations, status and trends, and key players in the market. It provides data regarding various topics such as market dimensions, prevailing trends, competitive landscape, and the outlook for prospective expansion. This allows the reader to understand and access reliable data about the market and industry.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Service Type | Home based Care, Community based Care, Institutional Care |
Application | Heart Diseases, Diabetes, Kidney Diseases, Arthritis, Cancer, Osteoporosis, Neurological, Respiratory, Others |
Service Provider | Public, Private |
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List of Competitors | Benesse Style Care Co. Ltd, Econ Healthcare Group, Epoch Elder Care, St Luke's ElderCare Ltd, Latin America Home Health Care, Samvedna Senior Care, ApnaCare Latin America Private Limited, Nichiigakkan Co. Ltd, Golden Years Hospital, Orange Valley Healthcare, NTUC Health Co Operative Ltd, GoldenCare Group Private Limited, Carewell Service Co. Ltd, RIEI Co.Ltd, SASCO Integrated Eldercare Centre, Cascade Healthcare, Millennia Personal Care Services, Rosewood Care Group Inc., Pacific Healthcare Nursing Home, United Medicare Pte Ltd |
This chapter will help you gain GLOBAL Market Analysis of Elderly Care Services. Further deep in this chapter, you will be able to review Global Elderly Care Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Elderly Care Services. Further deep in this chapter, you will be able to review North America Elderly Care Services Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Elderly Care Services. Further deep in this chapter, you will be able to review Europe Elderly Care Services Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Elderly Care Services. Further deep in this chapter, you will be able to review Asia Pacific Elderly Care Services Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Elderly Care Services. Further deep in this chapter, you will be able to review South America Elderly Care Services Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Elderly Care Services. Further deep in this chapter, you will be able to review Middle East Elderly Care Services Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Elderly Care Services. Further deep in this chapter, you will be able to review Middle East Elderly Care Services Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Elderly Care Services. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Service Type Analysis 2019 -2031, will provide market size split by Service Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Service Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Service Provider Analysis 2021 - 2033
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Chapter 13 Market Split by Conclusion Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Elderly Care Services market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Home based Care have a significant impact on Elderly Care Services market? |
What are the key factors affecting the Home based Care and Community based Care of Elderly Care Services Market? |
What is the CAGR/Growth Rate of Heart Diseases during the forecast period? |
By type, which segment accounted for largest share of the global Elderly Care Services Market? |
Which region is expected to dominate the global Elderly Care Services Market within the forecast period? |
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