Analysts’ Viewpoint on Geriatric Care Services Market Scenario
The medical reimbursement policies for the elderly have been improving over the past couple of decades. This factor has played an integral role in the growth of the global geriatric care services market. Governments and regional leaders are heavily investing in healthcare facilities, and this factor has directly aided the growth of the global geriatric care service market. Expanding health insurance companies are also expected to drive the market growth for global geriatric care services. Medical insurance for senior citizens is provided by the insurance companies to support elderly people and their families. Various benefits can be given to the geriatric population such as insurance coverage attribute to retiring age. For major health complications such as cancer, cardiovascular diseases, organ transplant, etc., geriatric people can get better possible treatment at affordable costs.
The global geriatric care services market is significantly driven by rapid advancements in the geriatric section within healthcare. The rising concerns of the masses toward the deteriorating health of the geriatric population has aided market growth. The stellar growth of the global healthcare industry has also emerged as a key driver of demand within the global geriatric care services market. Elder care includes a wide range of services meant to improve the health standards of the geriatric population. The field has gained traction in recent times as the population of the elderly is rising.
Furthermore, the presence of a wide range of services within the domain of healthcare has also brought elderly care under the spotlight of attention. The presence of a sound healthcare industry is a prerequisite to the success of a nation’s economy. Considering the aforementioned factors, the global market for geriatric care services is projected to expand at a starry rate in the years to come.
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The contemporary-day changes in the healthcare setup have largely aided the growth of the global geriatric care services market. Furthermore, the importance given to healthcare management in recent times has also led to advancements in the field of elderly care. The rising incidence of chronic diseases that persist until people become old has also created commendable market growth. The need for a functional domain for elderly care has been rising over the past decade. Governments are making ardent efforts to improve the quality of life for the geriatric population.
There is little contention that the global geriatric care services market would witness paced growth in the years to come. The medical reimbursement policies for the elderly have been improving over the past couple of decades. This factor has played an integral role in the growth of the global geriatric care services market. The need for establishing better values and standards for the treatment of elderly people has also aided growth. It is expected that increasing investments in healthcare would lead to the inflow of voluminous revenues into the global geriatric care services market.
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The Asia Pacific geriatric care services market is expected to dominate the global market due to rapidly rising geriatric population in the region. The rising number of elderly people in Asia Pacific countries is contributing to the market growth. Some of the other factors responsible for the rapid market expansion are healthcare advancement, increasing life expectancy, declining fertility rates, etc. There is an increasing demand for geriatric care services from the countries such as India, China, and Japan due to rising health concerns among the geriatric population. Aging people need extensive care due to rising health issues such as non-communicable diseases, mental health, and injuries. Accurate diagnosis of diseases and treatment is needed. Geriatric care service providers are focusing on disease diagnosis services with proper treatment without financial burden on the geriatric population.
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Attribute |
Detail |
Market Size Value in 2020 |
US$ 0.4 Bn |
Market Forecast Value in 2028 |
US$ 0.7 Bn |
Growth Rate (CAGR) |
5.3% |
Forecast Period |
2021–2028 |
Quantitative Units |
US$ Bn for Value |
Market Analysis |
It includes cross segment analysis at global as well as regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview. |
Competition Landscape |
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Format |
Electronic (PDF) + Excel |
Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon request |
Pricing |
Available upon request |
Geriatric Care Services Market – Segmentation
Type |
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Region |
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Geriatric care services market is expected to reach the value of US$ 0.7 Bn by the end of 2028
Geriatric care services market is estimated to expand at a CAGR of 5.3% from 2021 to 2028
Geriatric care services market is driven by rapid advancements in the geriatric section within healthcare
The institutional care services segment accounted for a prominent share of the global geriatric care services market
Key players in the global geriatric care services market include Brookdale Senior Living, Inc., Extendicare, Inc., Genesis HealthCare Corp., Gentiva Health Services, Inc.
1. Introduction
1.1. Report Description
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.4. List of Abbreviations
2. Executive Summary
2.1. Market Snapshot: Global Geriatric Care Services Market
2.2. Global Geriatric Care Services Market Value (US$ Bn), 2020
2.2.1. Comparative Analysis: Global Geriatric Care Services Market, by Geography, 2020 & 2028 (Value %)
3. Market Overview
3.1. Introduction
3.2. Regulatory Environment
3.3. Drivers
3.3.1. Rising Geriatric Population Driving Geriatric Care Services Market
3.3.2. Change in Family Structure Boosting Adoption of Geriatric Care Services
3.4. Restraints
3.4.1. Looming Shortage of Geriatric Care Workforce Hampers the Market Growth
3.4.2. High Out-Of-Pocket Spending Requirement Restrict Use of Private Senior Care Services
3.5. Opportunities
3.5.1. Adoption of Technological Advancements will Help Providers Extract Underserved Business
3.5.2. High Market Potential in Asia-Pacific, Particularly in China
3.6. Porter’s Five Force Analysis for the Global Geriatric Care Services Market
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of New Substitutes
3.6.5. Competitive Rivalry
3.7. Market Attractiveness Analysis for the Global Geriatric Care Services Market, by Geography
3.8. Heat Map Analysis: Global Geriatric Care Services Market
3.8.1. Methodology
3.8.2. Analysis
3.8.3. Heat Map Analysis for the Global Geriatric Care Services Market, by Key Players, 2020
4. Global Geriatric Care Services Market, by Types
4.1. Introduction
4.1.1. Global Geriatric Care Services Market Value (US$ Bn), by Type, 2017‒2028
4.2. Comparative Analysis: Global Geriatric Care Services Market, by Type, 2020 & 2028 (Value %)
4.3. Home Care Services
4.3.1. Global Home Care Services Market Value (US$ Bn), by Type, 2017‒2028
4.3.2. Global Home Care Services Market Value (US$ Bn), 2017‒2028
4.3.3. Home Health Care
4.3.3.1. Global Home Healthcare Services Market Value (US$ Bn), by Type, 2017‒2028
4.3.4. Global Home Healthcare Services Market Value (US$ Bn), 2017‒2028
4.3.4.1. Medical Care
4.3.4.1.1. Global Medical Care Services Market Value (US$ Bn), 2017‒2028
4.3.4.2. Physiotherapy Services
4.3.4.2.1. Global Physiotherapy Services Market Value (US$ Bn), 2017‒2028
4.3.4.3. Home Telemedicine (Telehealth)
4.3.4.3.1. Global Telemedicine Services Market Value (US$ Bn), 2017‒2028
4.3.4.4. Palliative Care
4.3.4.4.1. Global Palliative Care Services Market Value (US$ Bn), 2017‒2028
4.3.4.5. Hospice Care
4.3.4.5.1. Global Hospice Care Services Market Value (US$ Bn), 2017‒2028
4.3.5. Non-Medical Home Health Care
4.3.5.1. Global Non-Medical Home Care Services Market Value (US$ Bn), by Type, 2017‒2028
4.3.5.2. Personal Care
4.3.5.3. Home Making
4.3.5.4. Meals and Grocery
4.3.5.5. Rehabilitation
4.4. Adult Day Care Services (ADS)
4.4.1. Global Adult Day Care Services Market Value (US$ Bn), by Type, 2017‒2028
4.4.2. Medical Care
4.4.3. Non-Medical Care
4.5. Institutional Care
4.5.1. Global Institutional Care Services, Market Value (US$ Bn), by type, 2017‒2028
4.5.2. Nursing Homes
4.5.2.1. Nursing Homes Market Value (US$ Bn), 2017‒2028
4.5.2.2. Palliative Care
4.5.2.3. Palliative Care Market Value (US$ Bn), 2017‒2028
4.5.2.4. Hospice Care
4.5.2.5. Hospice Care Market Value (US$ Bn), 2017‒2028
4.5.3. Assisted Living Facilities
4.5.3.1. Assisted Living Facilities Market Value (US$ Bn), 2017‒2028
4.5.4. Hospital Based Geriatric Care
4.5.4.1. Hospital Based Geriatric Care Market Value (US$ Bn), 2017‒2028
4.5.5. Independent Senior Living Communities
4.5.5.1. Independent Senior Living Communities Market Value (US$ Bn), 2017‒2028
5. Global Geriatric Care Services Market, by Geography
5.1. Introduction
5.1.1. Global Geriatric Care Services, Market Value (US$ Bn), by Geography, 2017‒2028
5.2. North America
5.2.1. North America Geriatric Care Services, Market Value (US$ Bn), by Country, 2017‒2028
5.2.2. United States
5.2.2.1. U.S. Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.2.3. Canada
5.2.3.1. Canada Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.3. Europe
5.3.1. Europe Geriatric Care Services, Market Value (US$ Bn), by Country, 2017‒2028
5.3.2. United Kingdom
5.3.2.1. U.K. Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.3.3. France
5.3.3.1. France Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.3.4. Spain
5.3.4.1. Spain Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.3.5. Italy
5.3.5.1. Italy Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.3.6. Germany
5.3.6.1. Germany Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.3.7. Rest of Europe
5.3.7.1. Rest of Europe Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.4. Asia-Pacific
5.4.1. Asia-Pacific Geriatric Care Services, Market Value (US$ Bn), by Country, 2017‒2028
5.4.2. India
5.4.2.1. India Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.4.3. Japan
5.4.3.1. Japan Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.4.4. China
5.4.4.1. China Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.4.5. Australia
5.4.5.1. Australia Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.4.6. Rest of Asia-Pacific
5.4.6.1. Rest of Asia Pacific Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.5. Latin America
5.5.1. Latin America Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.5.2. Brazil
5.5.2.1. Brazil America Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.5.3. Mexico
5.5.3.1. Mexico Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.6. Middle East & Africa
5.6.1. Middle East & Africa Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.6.2. GCC Countries
5.6.2.1. GCC Countries Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.6.3. Africa
5.6.3.1. Africa Geriatric Care Services Market Value (US$ Bn), 2017‒2028
5.6.4. Rest of Middle East & Africa
5.6.4.1. Rest of Middle East & Africa Geriatric Care Services Market Value (US$ Bn), 2017‒2028
6. Recommendations
6.1. Mutually beneficial partnerships to have a competitive edge in highly fragmented elder care services market
6.2. Investing in the emerging economies such as China serves as an opportunity for developed nations such as the U.S. and the U.K.
7. Company Profiles
7.1. Amedisys, Inc.
7.1.1. Company Overview
7.1.2. Financial Overview
7.1.3. Product Portfolio
7.1.4. Business Strategies
7.1.5. Recent Developments
7.2. Brookdale Senior Living, Inc.
7.2.1. Company Overview
7.2.2. Financial Overview
7.2.3. Product Portfolio
7.2.4. Business Strategies
7.2.5. Recent Developments
7.3. Extendicare Health Services, Inc.
7.3.1. Company Overview
7.3.2. Financial Overview
7.3.3. Product Portfolio
7.3.4. Business Strategies
7.3.5. Recent Developments
7.4. Genesis HealthCare LLC
7.4.1. Company Overview
7.4.2. Financial Overview
7.4.3. Product Portfolio
7.4.4. Business Strategies
7.4.5. Recent Developments
7.5. Gentiva Health Services Incorporated
7.5.1. Company Overview
7.5.2. Financial Overview
7.5.3. Product Portfolio
7.5.4. Business Strategies
7.5.5. Recent Developments
7.6. GGNSC Holdings LLC
7.6.1. Company Overview
7.6.2. Financial Overview
7.6.3. Product Portfolio
7.6.4. Business Strategies
7.6.5. Recent Developments
7.7. Home Instead Senior Care Incorporated
7.7.1. Company Overview
7.7.2. Financial Overview
7.7.3. Product Portfolio
7.7.4. Business Strategies
7.7.5. Recent Developments
7.8. Kindred Healthcare Incorporated
7.8.1. Company Overview
7.8.2. Financial Overview
7.8.3. Product Portfolio
7.8.4. Business Strategies
7.8.5. Recent Developments
7.9. Senior Care Centers of America
7.9.1. Company Overview
7.9.2. Financial Overview
7.9.3. Product Portfolio
7.9.4. Business Strategies
7.9.5. Recent Developments
7.10. Skilled Healthcare Group Incorporated
7.10.1. Company Overview
7.10.2. Financial Overview
7.10.3. Product Portfolio
7.10.4. Business Strategies
7.10.5. Recent Developments
7.11. Sunrise Senior Living, LLC
7.11.1. Company Overview
7.11.2. Financial Overview
7.11.3. Product Portfolio
7.11.4. Business Strategies
7.11.5. Recent Development
List of Tables
Table 1: List of Abbreviations
Table 2: Market Snapshot: Global Geriatric Care Services Market
Table 3: State Agencies which regulate Assisted Living in the in the U.S.
Table 4: Global Geriatric Care Services Market Value (US$ Bn), by Type, 2017 - 2028
Table 5: Global Geriatric Care Services Market Value (US$ Bn), by Home Care Services, 2017–2028
Table 6: Global Home Healthcare Services Market Value (US$ Bn), by Type, 2017‒2028
Table 7: Global Non-Medical Home Care Services Market Value (US$ Bn), by Type, 2017‒2028
Table 8: Global Adult Day Care Services Market Value (US$ Bn), by Type, 2017‒2028
Table 9: Global Institutional Care Services, Market Value (US$ Bn), by Type, 2017‒2028
Table 10: Global Geriatric Care Services, Market Value (US$ Bn), by Geography, 2017‒2028
Table 11: North America Geriatric Care Services, Market Value (US$ Bn), by Country, 2017‒2028
Table 12: Europe Geriatric Care Services, Market Value (US$ Bn), by Country, 2017‒2028
Table 13: Asia-Pacific Geriatric Care Services, Market Value (US$ Bn), by Country, 2017‒2028
Table 14: Latin America Geriatric Care Services, Market Value (US$ Bn), by Country, 2017‒2028
Table 15: Middle East & Africa Geriatric Care Services, Market Value (US$ Bn), by Country, 2017‒2028
List of Figures
Figure 1: Global Geriatric Care Services Market, Market Segmentation
Figure 2: Global Geriatric Care Services Market Value (US$ Bn), 2020 (US$ Bn)
Figure 3: Comparative Analysis: Global Geriatric Care Services Market, by Geography, 2020 & 2028 (Value %)
Figure 4: Living Arrangements of People Age 65 and Over in Japan: 2017 – 2028
Figure 5: Occupations with the most job growth, new jobs from 2020 projected 2028 (Employment in thousands)
Figure 6: Porter’s Five Forces Analysis: Global Geriatric Care Services Market
Figure 7: Market Attractiveness Analysis: Global Geriatric Care Services Market, by Geography
Figure 8: Heat Map Analysis: Global Geriatric Care Service Market, by Key Players (2020)
Figure 9: Comparative Analysis: Global Geriatric Care Services Market, by Type, 2020 & 2028E (Value %)
Figure 10: Global Home Care Services Market Value (US$ Bn), 2017‒2028
Figure 11: Global Home Healthcare Services Market Value (US$ Bn), 2017‒2028
Figure 12: Global Medical Care Services Market Value (US$ Bn), 2017‒2028
Figure 13: Global Physiotherapy Services Market Value (US$ Bn), 2017‒2028
Figure 14: Global Telemedicine Services Market Value (US$ Bn), 2017‒2028
Figure 15: Global Palliative Care Services Market Value (US$ Bn), 2017‒2028
Figure 16: Global Hospice Care Services Market Value (US$ Bn), 2017‒2028
Figure 17: Nursing Homes Market Value (US$ Bn), 2017‒2028
Figure 18: Palliative Care Market Value (US$ Bn), 2017‒2028
Figure 19: Hospice Care Market Value (US$ Bn), 2017‒2028
Figure 20: Assisted Living Facilities Market Value (US$ Bn), 2017‒2028
Figure 21: Hospital Based Geriatric Care Market Value (US$ Bn), 2017‒2028
Figure 22: Independent Senior Living Communities Market Value (US$ Bn), 2017‒2028
Figure 23: U.S. Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 24: Canada Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 25: U.K. Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 26: France Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 27: Spain Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 28: Italy Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 29: Germany Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 30: Rest of Europe Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 31: India Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 32: Japan Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 33: China Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 34: Australia Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 35: Rest of Asia-Pacific Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 36: Brazil Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 37: Mexico America Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 38: Rest of Latin America Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 39: GCC countries Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 40: Africa Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 41: Rest of Middle East & Africa Geriatric Care Services Market Value (US$ Bn), 2017‒2028
Figure 42: Amedisys, Inc.: Annual Revenue, 2010 – 2020 (USD Million)
Figure 43: Brookdale Senior Living Inc.: Annual Revenue, 2010 – 2020 (USD Million)
Figure 44: Extendicare Health Services, Inc.: Annual Revenue, 2010 – 2020 (USD Million)
Figure 45: Gentiva Health Services, Inc.: Annual Revenue, 2010 – 2020 (USD Million)
Figure 46: Kindred Healthcare, Inc.: Annual Revenue, 2010 – 2020 (USD Million)
Figure 47: Skilled Healthcare Group, Inc.: Annual Revenue, 2010 – 2020 (USD Million)