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Geriatric Care Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global geriatric care services market reached a value of US$ 997.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1582.5 Billion by 2027 exhibiting a CAGR of 7.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Geriatric care services refer to various health and wellness services provided to the elderly to assist them with their medical, psychological, and social needs. Some commonly offered services include home care, nutritional services, medications, socialization programs, and non-medical services, such as personal care, homemaking, meals, and grocery. They aim to offer counseling and support, monitor health regularly, fulfill in-home care needs, address emotional concerns, and make other living arrangements. In recent years, geriatric care services have rapidly gained traction as they help improve the overall quality of life, and ensure the physical and mental wellbeing of the elderly population.

 

 
 

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Geriatric Care Services Market Trends:

Geriatric care services assist in improving health by treating and preventing diseases in the elderly while fulfilling their daily life requirements. As a result, the expanding geriatric population and the rising awareness regarding these healthcare facilities represent the primary factors driving the market growth. Additionally, the widespread prevalence of chronic health conditions, such as diabetes, cardiovascular diseases (CVDs), high blood pressure, orthopedic disorders, and cancer, is another major growth-inducing factor. Besides this, the growing health concerns among the masses amid the recent outbreak of coronavirus disease (COVID-19) are augmenting the demand for geriatric care services. Furthermore, governments of various countries are taking several initiatives to provide easily accessible and affordable social care services to the elderly population. This, in confluence with the introduction of favorable reimbursement policies, is contributing to the market growth. Moreover, home care services enable the elderly to receive medical and non-medical care in a convenient and cost-effective way at their homes, which in turn is propelling the market growth. Other factors, including the extensive investments in the development of healthcare infrastructure, inflating consumer disposable incomes, rapid urbanization, and easy availability of long-term service providers, are also creating a positive market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global geriatric care services market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service, payment source and application.

Breakup by Service:

 

 
 

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  • Home Care
  • Adult Day Care
  • Institutional Care
     

Breakup by Payment Source:

  • Public Insurance
  • Private Insurance
  • Out-of-pocket
  • Others
     

Breakup by Application:

  • Respiratory Diseases
  • Diabetes
  • Heart Diseases
  • Neurological Diseases
  • Kidney Diseases
  • Cancer
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amedisys Inc., Brookdale Senior Living Inc., Econ Healthcare Group, Extendicare Inc., Genesis HealthCare, Home Instead Inc. (Honor Technology Inc.), Kindred Healthcare, Portea Medical, Revera Inc., Rosewood Care Group Inc. and Sunrise Senior Living LLC.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Service, Payment Source, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amedisys Inc., Brookdale Senior Living Inc., Econ Healthcare Group, Extendicare Inc., Genesis HealthCare, Home Instead Inc. (Honor Technology Inc.), Kindred Healthcare, Portea Medical, Revera Inc., Rosewood Care Group Inc. and Sunrise Senior Living LLC.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global geriatric care services market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global geriatric care services market?
  • What are the key regional markets?
  • What is the breakup of the market based on the service?
  • What is the breakup of the market based on the payment source?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global geriatric care services market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Geriatric Care Services Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Service
    6.1    Home Care
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Adult Day Care
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Institutional Care
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Payment Source
    7.1    Public Insurance
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Private Insurance
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Out-of-pocket
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Application
    8.1    Respiratory Diseases
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Diabetes
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Heart Diseases
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Neurological Diseases
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Kidney Diseases
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Cancer
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Amedisys Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Brookdale Senior Living Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Econ Healthcare Group
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Extendicare Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
        14.3.5    Genesis HealthCare
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Home Instead Inc. (Honor Technology Inc.)
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Kindred Healthcare
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Portea Medical
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Revera Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Rosewood Care Group Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Sunrise Senior Living LLC
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Geriatric Care Services Market: Major Drivers and Challenges
Figure 2: Global: Geriatric Care Services Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Geriatric Care Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Geriatric Care Services Market: Breakup by Service (in %), 2021
Figure 5: Global: Geriatric Care Services Market: Breakup by Payment Source (in %), 2021
Figure 6: Global: Geriatric Care Services Market: Breakup by Application (in %), 2021
Figure 7: Global: Geriatric Care Services Market: Breakup by Region (in %), 2021
Figure 8: Global: Geriatric Care Services (Home Care) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Geriatric Care Services (Home Care) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Geriatric Care Services (Adult Day Care) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Geriatric Care Services (Adult Day Care) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Geriatric Care Services (Institutional Care) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Geriatric Care Services (Institutional Care) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Geriatric Care Services (Public Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Geriatric Care Services (Public Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Geriatric Care Services (Private Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Geriatric Care Services (Private Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Geriatric Care Services (Out-of-pocket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Geriatric Care Services (Out-of-pocket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Geriatric Care Services (Other Payment Sources) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Geriatric Care Services (Other Payment Sources) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Geriatric Care Services (Respiratory Diseases) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Geriatric Care Services (Respiratory Diseases) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Geriatric Care Services (Diabetes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Geriatric Care Services (Diabetes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Geriatric Care Services (Heart Diseases) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Geriatric Care Services (Heart Diseases) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Geriatric Care Services (Neurological Diseases) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Geriatric Care Services (Neurological Diseases) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Geriatric Care Services (Kidney Diseases) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Geriatric Care Services (Kidney Diseases) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Geriatric Care Services (Cancer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Geriatric Care Services (Cancer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Geriatric Care Services (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Geriatric Care Services (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Geriatric Care Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Geriatric Care Services Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Geriatric Care Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Geriatric Care Services Industry: SWOT Analysis
Figure 86: Global: Geriatric Care Services Industry: Value Chain Analysis
Figure 87: Global: Geriatric Care Services Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Geriatric Care Services Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Geriatric Care Services Market Forecast: Breakup by Service (in Million US$), 2022-2027
Table 3: Global: Geriatric Care Services Market Forecast: Breakup by Payment Source (in Million US$), 2022-2027
Table 4: Global: Geriatric Care Services Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Geriatric Care Services Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Geriatric Care Services Market: Competitive Structure
Table 7: Global: Geriatric Care Services Market: Key Players

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