What is Elder Care Services Market?
Elder care is a special care service designed to meet the fulfillment of the special needs and requirements that are unique to senior citizens. Elder care services become necessary when old people start facing troubles with daily life activities like bathing, cleaning, cooking, taking medicines, etc. These services are designed to meet the varied needs and requirements of senior citizens.
The market study is being classified by Type (Home-Based Care, Community-Based Care and Institutional Care), by Application (Community, Gerocomium and Others) and major geographies with country level break-up.
Benesse Style Care Co., Ltd (Japan), Econ Healthcare Group (Singapore), Epoch Elder Care (India), St Luke's ElderCare Ltd (Singapore), Samvedna Senior Care (India), Orange Valley Healthcare (Singapore), NTUC Health Co-Operative Ltd (Singapore) and GoldenCare Group Private Limited (Singapore) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that Singaporean Players will contribute to the maximum growth of Global Elder Care Services market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Elder Care Services market by Type, Application and Region.
On the basis of geography, the market of Elder Care Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Number of Geriatric Population Worldwide
- Rise in the Number of Nuclear Families
- High Expenditure of Hospitalization
- Increased Penetration of the Internet
- Lack of Awareness in Developing Countries about Elder Care Services
- Growth in the Service Industry Worldwide
- Increasing Incidences of Chronic Diseases
- Security Concerns Related to Elderly People
Key Target AudienceElder Care Services Providers, Emerging Companies, Research Professionals and End-users
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Elder Care Services Market?
"Increased Number of Geriatric Population Worldwide
" is seen as one of major growth factors of Elder Care Services Market in years to come.
2. Can we have customized study for Elder Care Services Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.