Certainly! Here's a comprehensive overview of the Global Elderly Care Services Market based on the latest research report by Emergen Research, titled “Global Elderly Care Services Market – Forecast to 2033”:
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? Market Overview
The global elderly care services market is projected to grow from an estimated USD 1,028.2 billion in 2024 to USD 1,922.3 billion by 2033, registering a Compound Annual Growth Rate (CAGR) of 7.20% during the forecast period.
? Market Drivers
- Aging Population and Increased Life Expectancy: The proportion of individuals aged 65 and above is steadily growing, leading to a higher demand for services such as home care, assisted living, and nursing homes.
- Rise in Chronic Diseases: Conditions like arthritis, osteoporosis, diabetes, and cardiovascular diseases necessitate long-term care solutions.
- Government Initiatives: Policies aimed at improving elderly care infrastructure and services are propelling market growth.
? Market Segmentation
By Service Type:
- Home Care
- Adult Day Care
- Institutional Care
By Application:
- Respiratory Diseases
- Diabetes
- Osteoporosis
- Heart Diseases
- Arthritis
- Cancer
By Service Provider:
- Public
- Private
? Regional Outlook
- North America: Dominates the market due to advanced healthcare infrastructure and high adoption of innovative technologies.
- Europe: Significant growth driven by increased awareness and government initiatives promoting elderly care.
- Asia-Pacific: Expected to witness the fastest growth owing to a large aging population and rising healthcare expenditures.
- Latin America & Middle East & Africa: Emerging markets with growing investments in healthcare infrastructure.
To know more about the report, click here @ https://www.emergenresearch.com/industry-report/elderly-care-services-market
? Key Market Players
- Epoch Elder Care
- Econ Healthcare Group
- Cascade Healthcare
- Rosewood Care Group
- Samvedna Senior Care
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? Recent Developments
- China's Aging Population: The country is experiencing a surge in the "silver economy," with a growing market for services and products aimed at older adults. The government supports the sector through subsidies and policies, promoting home care and educational services, expanding nationwide basic care services, and fostering dementia care facilities.
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