Elderly Care Market – Industry Trends and Forecast to 2027
Posted: Mar 16, 2020
Elderly Care Market is expected to gain market growth in the forecast period of 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.0% in the forecast period of 2027 and expected to reach USD 1,944,028.05 million by 2027. Geriatric population, rising chronic illness in ageing population and rising awareness of home care services are the major factors for the market growth.
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Key Points: Elderly Care Market
- This elderly care market report provides details of market share, new developments
- Product pipeline analysis
- Impact of domestic and localized market players
- Analyses opportunities in terms of emerging revenue pockets
- Changes in market regulations, product approvals,
- Strategic decisions,
- Product launches
- Geographic expansions
- Technological innovations in the market.
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Market Segmentation: Elderly Care Market
- Global elderly care market is analyzed and market size information is provided by country, by product type, service and application as referenced above.
- The countries covered in the global elderly care market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, South Africa, Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina and Rest of South America as part of South America.
- North America dominated the global elderly care market as geriatric population in North America are more inclined towards elderly care services due change in lifestyle as well as awareness is high among older people. People are taking benefits and getting dependent on the facilities provided in this region with better health care infrastructure. For instance, various health coverage’s are provided among people due to which geriatric people are able to take the benefits of elderly care at doorsteps. The Asia-Pacific region is expected to grow with the highest growth rate in the forecast period of 2020 to 2027 because of increasing geriatric population associated with number of diseases. In Asia-Pacific, China may dominate the market growth as it has high geriatric population. For instance, according to Time USA, LLC, it has been estimated that by 2050, approximately 330 million Chinese will be over age 65.
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Focus of the report
- Global elderly care market is analyzed and market size information is provided by country
- Elderly care market also provides you with detailed market analysis for every country growth in medical device industry with elderly care sales
- The major players covered in the report are Right at Home,
- Koninklijke Philips N.V
- BAYADA Home Health Care,
- Econ Healthcare Group, Home Instead, Inc.,
- ORPEA GROUPE,
- St Luke’s Eldercare Ltd.,
- Rosewood Care Group,
- Medtronic, Interim HealthCare Inc
- United Medicare Pte Ltd
- Trinity Health
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Elderly Care Market Size, Status and Forecast 2020-2027
- Market Overview
- Manufacturers Profiles
- Global Elderly Care Sales, Revenue, Market Share and Competition by Manufacturer
- Global Elderly Care Market Analysis by Regions
- North America Elderly Care by Countries
- Europe Elderly Care by Countries
- Asia-Pacific Elderly Care by Countries
- South America Elderly Care by Countries
- Middle East and Africa Elderly Care by Countries
- Global Elderly Care Market Segment by Type
- Global Elderly Care Market Segment by Application
- Elderly Care Market Forecast
- Sales Channel, Distributors, Traders and Dealers
- Research Findings and Conclusion
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Key queries addressed in this report-:
What will be the market size and market share in the upcoming future?
What are the new and hidden opportunities in the market?
Who are the top players in market?
How the challenge goes later on?
Which are the main regions impacting the market growth?
What are the difficulties in future?
Reasons to Purchase this Report
- Current and future of Elderly Care market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
Data Bridge Market Research
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.