The global geriatric care services market is expected to grow at a CAGR of around 8.4% during the forecast period 2019 to 2026 and expected to reach the market value of around US$ 1.73 Bn by 2026.
The geriatric care services include home care, adult day care, and institutional care. The main functions of geriatric care services are to ensure the timely care and check up of elderly people and maintaining and control health. Based on age group, different types of age groups such as 65-70 years, 71-75 years, 76-80 years, 81-85 years, 86-90 years, Above 91 years are considered in this study.
Market Dynamics
The growth of the geriatric care services market is primarily driven by growing number of geriatric population, increase in insurance and reimbursement schemes for elderly people, an increase in chronic diseases across the globe, and rise in government support and spending for elderly care. Furthermore, increase in number of new care service providers and pharmaceutical key players and expanding base of various insurance and NGO worldwide, is estimated to boost the market growth. According to World Health Organization (WHO)around 1.5 billion people aged 65 and above will be generated by 2050 in developing countries. Moreover, changing lifestyles of young populations across developed and developing countries, growing pharmaceutical and medical industry, technological advancement and increase in the number of care service are expected to create opportunities for global market over the forecast period. However, high cost of associated with the services and lack of service care providers in emerging economies are expected to hamper the growth of the global geriatric care services market in the coming years.
By service, institutional care segment dominated the geriatric care services market
The institutional care segment accounted for approximately 44% of the share in the global geriatric care services market in 2018. Increase in demand for performing fast services, growing number of hospitals and laboratory and nursing homes and institutional caters to the diagnostics and laboratory expenses as compared to others is further expected to raise segment over the forecast period.
By service provider, public service segment dominated the geriatric care services market
The public service segment accounted for approximately 52% of the share in the global geriatric care services market in 2018. Growing demand for geriatric care services for various diseases and cataract procedures and growing investment for care services by government, and initiatives for immunization is further expected to raise segment over the forecast period. Owing to its growing number of government hospitals, growing number of new drug launches, and supportive government initiatives for geriatric care services in research and development centres further grows the demand for public sector during the forecast period.
By age group, 86-90 years segment dominated the geriatric care services market
The 86-90 years segment accounted for approximately 27% of the share in the global geriatric care services market in 2018. Rising prevalence of chronic diseases and unhealthy lifestyle and growing incidence of heart attack and cancer, and rising demand for safe test is further expected to raise segment over the forecast period.
The market research study on “Geriatric Care Services Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global geriatric care services market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global geriatric care services market, its service provider, service, payment source, age group, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global geriatric care services market size and volume, and segment markets by service provider, service, payment source, age group, and geography along with the information on companies operating in the market. The geriatric care services market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, North America dominated the regional market with a maximum market share
North America accounted for the high market share of the geriatric care services market and the region is also expected to maintain its dominance over the forecast period. The region is experiencing the maximum growth owing to the rapid demand of geriatric care services in crowd, presence of geriatric care services companies, favorable reimbursement policies, and government investment for the services. High research and development in biotechnology and pharmaceutical, development and launching of new biologics and drugs, and developed healthcare infrastructure in the North America region are one of the key factors driving the consumption of geriatric care services in this region. Moreover, highly skilled nurses, a growing number of insurance providers in key countries such as US and Canada are also propelling the growth of geriatric care services in the North America region. Europe is followed by the North America region in the geriatric care services market.
Asia-Pacific is expected to hold the highest CAGR in the global market during the forecast period. The growing pharmaceutical and biotechnology and industry increase in innovation and development in geriatric care services, and growing outsourcing industry, are expected to enhance the market growth in the global geriatric care services market during the forecast.
The players profiled in the report include Skilled Healthcare Group, Inc., Genesis Healthcare, The Adult Day Health Services Center of Family Matters LLC, Senior Care Center of America, and Kindred Healthcare, Gentiva Health Services, Inc., Brookdale Senior Living’s, Emeritus corporation, GGNSC Holdings LLC, Extendicare Inc., Home Instead Senior Care Inc., among others. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.
Market Segmentation
Market By Service Provider
Market By Service
- Home Care
- Adult Day Care
- Institutional Care
Market By Payment Source
- Public Insurance
- Private Insurance
- Out-of-pocket
Market By Age Group
- 65-70 years
- 71-75 years
- 76-80 years
- 81-85 years
- 86-90 years
- Above 91 years
Market By Geography
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Geriatric Care Services
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Geriatric Care Services Market By Service
1.2.2.1. Global Geriatric Care Services Market Revenue and Growth Rate Comparison By Service (2015-2026)
1.2.2.2. Global Geriatric Care Services Market Revenue Share By Service in 2018
1.2.2.3. Home Care
1.2.2.4. Adult Day Care
1.2.2.5. Institutional Care
1.2.3. Geriatric Care Services Market By Service Provider
1.2.3.1. Global Geriatric Care Services Market Revenue and Growth Rate Comparison By Service Provider (2015-2026)
1.2.3.2. Global Geriatric Care Services Market Revenue Share By Service Provider in 2018
1.2.3.3. Public
1.2.3.4. Private
1.2.4. Geriatric Care Services Market By Age Group
1.2.4.1. Global Geriatric Care Services Market Revenue and Growth Rate Comparison By Age Group (2015-2026)
1.2.4.2. Global Geriatric Care Services Market Revenue Share By Age Group in 2018
1.2.4.3. 65-70 years
1.2.4.4. 71-75 years
1.2.4.5. 76-80 years
1.2.4.6. 81-85 years
1.2.4.7. 86-90 years
1.2.4.8. Above 91 years
1.2.5. Geriatric Care Services Market By Payment Source
1.2.5.1. Global Geriatric Care Services Market Revenue and Growth Rate Comparison By Payment Source (2015-2026)
1.2.5.2. Global Geriatric Care Services Market Revenue Share By Payment Source in 2018
1.2.5.3. Public Insurance
1.2.5.4. Private Insurance
1.2.5.5. Out-of-pocket
1.2.6. Geriatric Care Services Market by Geography
1.2.6.1. Global Geriatric Care Services Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.6.2. North America Geriatric Care Services Market Revenue and Growth Rate (2015-2026)
1.2.6.3. Europe Geriatric Care Services Market Revenue and Growth Rate (2015-2026)
1.2.6.4. Asia-Pacific Geriatric Care Services Market Revenue and Growth Rate (2015-2026)
1.2.6.5. Latin America Geriatric Care Services Market Revenue and Growth Rate (2015-2026)
1.2.6.6. Middle East and Africa (MEA) Geriatric Care Services Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Geriatric Care Services Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Geriatric Care Services Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Geriatric Care Services Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Geriatric Care Services Major Manufacturers in 2018
CHAPTER 4. GERIATRIC CARE SERVICES MARKET BY SERVICE
4.1. Global Geriatric Care Services Revenue By Service
4.2. Home Care
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Adult Day Care
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Institutional Care
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. GERIATRIC CARE SERVICES MARKET BY SERVICE PROVIDER
5.1. Global Geriatric Care Services Revenue By Service Provider
5.2. Public
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Private
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. GERIATRIC CARE SERVICES MARKET BY AGE GROUP
6.1. Global Geriatric Care Services Revenue By Age Group
6.2. 65-70 years
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. 71-75 years
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. 76-80 years
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.5. 81-85 years
6.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.6. 86-90 years
6.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.7. Above 91 years
6.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. GERIATRIC CARE SERVICES MARKET BY PAYMENT SOURCE
7.1. Global Geriatric Care Services Revenue By Payment Source
7.2. Public Insurance
7.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.3. Private Insurance
7.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.4. Out-of-pocket
7.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 8. NORTH AMERICA GERIATRIC CARE SERVICES MARKET BY COUNTRY
8.1. North America Geriatric Care Services Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. North America Geriatric Care Services Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. U.S.
8.3.1. U.S. Geriatric Care Services Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
8.3.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
8.4.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
CHAPTER 9. EUROPE GERIATRIC CARE SERVICES MARKET BY COUNTRY
9.1. Europe Geriatric Care Services Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Europe Geriatric Care Services Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
9.3.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
9.4.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
9.5.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
9.6.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
9.7.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
CHAPTER.10. ASIA-PACIFIC GERIATRIC CARE SERVICES MARKET BY COUNTRY
10.1. Asia-Pacific Geriatric Care Services Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Asia-Pacific Geriatric Care Services Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
10.3.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
10.4.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
10.5.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
10.6.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
10.6.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
10.6.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
10.7.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
10.7.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
10.7.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
10.8.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
10.8.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
10.8.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
CHAPTER 11. LATIN AMERICA GERIATRIC CARE SERVICES MARKET BY COUNTRY
11.1. Latin America Geriatric Care Services Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Latin America Geriatric Care Services Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
11.3.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
11.4. Argentina
11.4.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
11.4.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
11.5.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
12. MIDDLE EAST & AFRICA GERIATRIC CARE SERVICES MARKET BY COUNTRY
12.1. Middle East & Africa Geriatric Care Services Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Middle East & Africa Geriatric Care Services Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
12.3.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
12.3.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
12.4.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
12.4.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Service, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By Service Provider, 2015 - 2026 ($Million)
12.5.3. Market Revenue and Forecast By Age Group, 2015 - 2026 ($Million)
12.5.4. Market Revenue and Forecast By Payment Source, 2015 - 2026 ($Million)
13. COMPANY PROFILE
13.1. Skilled Healthcare Group, Inc.
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Product Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Genesis Healthcare
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Product Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. The Adult Day Health Services Center of Family Matters, LLC
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Product Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Senior Care Center of America
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Product Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Kindred Healthcare
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Product Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Gentiva Health Services, Inc
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Product Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Brookdale Senior Living’s
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Product Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Emeritus corporation
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Product Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. GGNSC Holdings, LLC.
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Product Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. Extendicare Inc.
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Product Portfolio
13.10.5. Key Developments
13.10.6. Strategies
13.11. Home Instead Senior Care Inc
13.11.1. Company Snapshot
13.11.2. Overview
13.11.3. Financial Overview
13.11.4. Product Portfolio
13.11.5. Key Developments
13.11.6. Strategies
14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope
