Skip to main content

Geriatric care services market trends, 2014 - 2022

The global Geriatric Care Services Market size is estimated to reach USD 1,012.02 billion by 2022, registering at a 6.1% CAGR during the forecast period. Growing geriatric population coupled with rising prevalence of chronic diseases is one the key factors driving the growth of geriatric care services market. According to United Nations World Ageing Population 2015 report, it was estimated that between 2015 and 2030, the number of people aged 60 years and above will grow by 56 percent, from 901 million (2015) to 1.4 billion (2030). It was also reported that by 2050, the number is expected to double its size, reaching about 2.1 billion. In addition, growing demand for independent aging solutions and introduction of robotic technology in geriatric care is also anticipated to further boost up the market growth.

Presence of favorable reimbursement policies and increased life expectancy are also amongst few factors expected to propel demand for geriatric care services. There is an increase in the adoption level for these services owing to the advantages associated with these services such as in chronic care management. Furthermore, increasing number of homecare and long term care services offered by geriatric care centers such as nursing care, health assessment & monitoring, and counseling & financial support is anticipated to drive the demand for these services.

Download Free Sample - https://www.millioninsights.com/industry-reports/geriatric-care-services-market/request-sample

Favorable government initiatives and increasing elderly population prone to cardiovascular, orthopedic, neurological, and respiratory disorders are some of the crucial attributes of this market. However, high cost of devices may hinder the growth of geriatric care services in emerging economies like China, India, and Brazil.

Service Insights

Based on the services, the market is segmented as home care, adult day care, and institutional care. Institutional services market held the largest market share of about 41.1% in 2014 pertaining to the factors such as presence of large number of institutions and high usage levels of the institutions offering geriatric care services. In addition, homecare services is expected to witness fastest growth over the forecast period owing to increasing awareness regarding the advantage associated with the home care services among the elderly and patients in post-surgery recoveries. Increasing demand for independent aging solutions and need for reducing overall cost of care services further drives up demand for such services. However, low preference and availability of other options such as community centers and assisted living in developing countries may limit the growth of geriatric care services.

Comments

Post a Comment

Popular posts from this blog

What are the market trends for the Enterprise Content Management market?

Soaring volumes of data on web server are heightening the importance of enterprise content management software to carry out business processes such as storage, management of data sets, and sharing of information through videos and audio clips, and are responsible for fueling the market value. Growing preference toward cloud services is substantially influencing the market size on global-scale. Globally, the enterprise content management (ECM) market is predicted to grow at a CAGR of 15.6% in forecast period, providing numerous opportunity for market players to invest for research and development in the enterprise content management market. Download Free Sample  -  https://www.millioninsights.com/industry-reports/enterprise-content-management-ecm-market/request-sample Multiple software providers are offering automated data security services that allows easy management to encrypt crucial data such as financial reports to avoid illegal access. Though, growing concerns related to the highe
Post a Comment
Read more

Power over Ethernet Market Is Expected To Grow At A Significant CAGR In The Upcoming Years 2014 - 2025

The market is subject to witness a substantial growth due to the growing need for low cost solutions and increasing demand for high-speed internet. The Power over Ethernet (PoE) provides the transmission of data and information signals over the twisted pair Ethernet. This allows passage for electric power alongside data to the devices like IP cameras and wireless access points. These factors are expected to drive the growth of Power over Ethernet (PoE) industry over next seven years. Globally, the Power over Ethernet market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development of the market. Download Free Sample  -  https://www.millioninsights.com/industry-reports/power-over-ethernet-poe-market/request-sample The Power over Ethernet (PoE) technology offer higher data transmission rate and helps to save additional cost of installation for various network cables. In addition, development of in
Post a Comment
Read more

Mg-Al-Zinc Coated Carbon Steel Market Players And Industry Forecasts Till, 2019-2028: Radiant Insights, Inc

  The global Mg-Al-Zinc Coated Carbon Steel market was valued at $XX million in 2018, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Mg-Al-Zinc Coated Carbon Steel from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Mg-Al-Zinc Coated Carbon Steel market. Download Free Sample  -  https://www.radiantinsights.com/research/2013-2028-report-on-global-mg-al-zinc-coated-carbon-steel-market/request-sample Leading players of Mg-Al-Zinc Coated Carbon Steel including: ArcelorMittal NISSHIN STEEL CO POSCO NSSMC Shandong Kerui Steel Market split by Type, can be divided into: Thin Carbon Steel Conventional Carbon Steel Thick Carbon Steel Special Made Carbon Steel M
Post a Comment
Read more