Home Press Releases Global Geriatric Care Services Market to Reach US$850 bn by 2019 on Account of Rapid Rise in Geriatric Population
Global Geriatric Care Services Market to Reach US$850 bn by 2019 on Account of Rapid Rise in Geriatric Population
Transparency Market Research (TMR), a market intelligence and research firm, has published a market study on the global geriatric care services market. The report states that the overall value of this market in 2012 stood at US$560.4 bn.
The research report, titled “Geriatric Care Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, further predicts that the global geriatric care services market is anticipated to expand at a CAGR of 5.90% during the period from 2013 to 2019, and reach US$850 bn by the end of the forecast period.
According to the research report, adult daycare services, home care services, and institutional care services are the three major components of the global geriatric care services market. Among these, the institutional care services segment held the largest share of the overall market for geriatric care services in 2012, whereas the home care services segment is likely to report the fastest development during the forecast period.
The cost-efficiency associated with home care services, coupled with the convenience of home it offers, is the key reason fuelling the growth in this market segment. The dearth of other available options such as nursing homes in the developing economies is also stimulating the development of the home care services segment significantly, states the market study.
North America, Europe, Asia Pacific, and the Rest of the World are the key regional markets for geriatric care services market, notes the study. Among these, the geriatric care services market in North America led the global market in 2012 and was followed closely by the European geriatric care services market. Both the markets are expected to maintain their leading position over the forecast period.
The report, further discusses the condition of the geriatric care services market in Asia Pacific and the Rest of the World. In these regions, the market is in its nascent stage and even the future prospects do not seem much promising. However, in Asia Pacific the dynamics of the Chinese geriatric care services market is changing more rapidly than that of India owing to the huge geriatric population base.
Over the forecast period, China is expected to emerge as a lucrative market for major market players as the Chinese government is planning to give its approval to private investments in the country’s geriatric care services market.
The market report also analyzes the company profiles of the major players in the global market for geriatric care services to study its competitive landscape. Amedisys Inc., Extendicare Health Services Inc., Brookdale Senior Living Inc., Genesis HealthCare LLC, GGNSC Holdings LLC, Gentiva Health Services Inc., Home Instead Senior Care Inc., Senior Care Centers of America, Kindred Healthcare Inc., Sunrise Senior Living LLC, and Skilled Healthcare Group Inc. are the key companies operating in the global geriatric care services market profiled in the report.
Browse the full Geriatric Care Services Market (Home Care, Adult Day Care, and Institutional Care) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/geriatric-care-services-market.html
The global geriatric care services market is segmented into:
- Medical Care
- Physiotherapy services
- Palliative Care
- Hospice Care
Non Medical Home Care
- Personal care
- Home making
- Meals and Grocery
Adult Day Care
- Health Care
- Non Medical Care
- Palliative Care
- Hospice Care
- Hospital Based
- Assisted Living
- Independent Senior Living
- Rest of Europe
- Rest of Asia-Pacific
Rest of the World (RoW)
- Latin America
- Middle East
- Rest of RoW
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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