Title: The Elder Care Services Market To Be Backed By Emphasis On Substantiation
1Elder Care Services Market
Report Id PMRREP3427 Category Life Science
Healthcare
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3The Elder Care Services Market To Be Backed By
Emphasis On Substantiation
- Beneficial schemes by insurance companies,
altering economic and social conditions,
expanding greying population, and changes in
family structures are the main factors shaping
the increased demand for elder care services.
Increasing numbers of home care, daycare, and
elder care facilities equipped with skilled
medical professionals for the management of
chronic diseases and home-like care of the
geriatric population are on the rise. Rising
awareness of such care centres, and increasing
public and government investments, are leading to
better care facilities for the elder population.
Developed nations such as the U.S., Canada,
Japan, and others are seeing their geriatric
population increasing. Also, the number of
individuals with physical disabilities has also
increased, thus adding more reliance on daycare
or nursing services. - Developments by key players have also fueled the
market, with the elevation of service portfolios
and integration of smart technologies for remote
access and tele medication. The global elder care
services market is projected to be valued at US
1.2 Bn in 2021, and expand at a CAGR of around 8
over the forecast period of 2021 to 2031.
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4What else is in the report?
Persistence market research offers actionable
insights and a unique perspective on the elder
care services market in its latest study,
presenting historical demand assessment of 2016
2020 and projections for 20212031, based on
service (home-based care, community-based care,
and institutional care) and financing source
(public expenditure, private source, and
out-of-pocket spending), across seven key regions
of the world.
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esearch.com/checkout/3427
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