Global Geriatric Care Services Market to grow at 5.0% CAGR from 2016 to 2024

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Home Care Services Market to witness USD 480
billion by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Geriatric Care Services Market

• Increasing healthcare expenditure, rising
  geriatric population and increasing life
  expectancy are the major factors driving the
  global geriatric care services market over the
  forecast period.
• Increasing application of robotic technology in
  geriatric care services and growing demand for
  innovative solutions for effective geriatric care
  boost the industry growth. The adult day care
  services offer various advantages, which includes
  living at home and skilled nursing care.
• Home care services represents the most attractive
  segment, with potential growth opportunities in
  the coming years. Owing to the rising
  institutional care expenses such as the costs
  associated with nursing homes and hospital.
• U.S. geriatric care services market share led the
  industry with maximum revenue share in 2015. The
  major factors contributing to its major share
  include the with the existence of wide varieties
  of long-term care centers all over U.S.

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Continued...

• According to the report from the U.S. Institute
  of Medicine (IOM), it was estimated that 55 of
  adult patients received recommended care to
  address severe incidents and treat chronic
  diseases.
• China geriatric care services market is expected
  to grow at the fast rate. Owing to the rising
  geriatric population base with long-term
  therapeutic conditions, increasing disposable
  income and rising awareness levels regarding
  healthcare facilities.
• Moreover, economic development in the countries
  such as India, South Korea, Malaysia and Brazil
  represent the large untapped markets for the
  geriatric care services over the forecast
  timeframe. Key industry participants are Genesis
  Healthcare, Brrokdale Senior Living, Senior Care
  Centers of America and Kindred Healthcare.

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UK Geriatric Care Services Market size, by
service type, 2012-2024 (USD Billion)
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360 Analysis

• Service Type Analysis
• Home care and institutional care services led the
  geriatric care services market share in 2015,
  with the revenue share of over 40 and 35
  respectively. Presence of favourable government
  reimbursements in the form of Medicaid, offered
  by countries as per the federal condition drives
  the institutional care facilities segment.
• Regional Analysis
• North America geriatric care services market
  share led the industry and expected to reach over
  USD 530 billion by 2024. The key aspects
  contributing to the growth of industry includes
  existence of advanced long-term care facilities
  and favorable reimbursement policies in the U.S.
• Competitive Market Share
• Industries operating in the geriatric care
  services market includes Senior Care Centers of
  America, Kindred Healthcare, Brookdale Senior
  living, Extendicare and Genesis Healthcare.
  Mergers and acquisitions are the main strategy
  implemented by the industries.

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