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Global Elderly Care Services Market Gains Boost from Rising Incidence of Chronic Illnesses amongst Geriatric Population

Press Release   •   Feb 22, 2017 12:56 IST

MarketResearchReports.biz has added a new report, titled ‘Global Elderly Care Services Market: Trends and Opportunities (2016-2020),’ to its offering. This study on the elderly care services market presents a comprehensive overview of the market along with presenting statistically-backed data, thoughtful insights, and historical information. Lucrative data has been gathered by top consulting analysts from huge databases and a qualitative as well as quantitative assessment of the market has been provided. Components such as the market’s investment attractiveness, macroeconomic indicators, and major trends prevalent in the market have also been evaluated in this study.

The report commences by providing an introduction to the elderly care services market. Elderly care service refers to the fulfillment of particular requirements and needs of the older population. A number of services unique to each individual are catered to by this market, including institutional care, home care services, hospice and long-term care, adult care, and nursing home services. The next section of the report comprises the evaluation of the elderly care services market on the basis of value including the current value and the anticipated value by the end of 2020. The market has also been analyzed on the basis of technology, product, and employee.

The country analysis section of the report presents the growth and size of the U.S. elderly care services market along with its predicted growth by the end of the forecast period. Country-wise and regional analysis has also been presented for regions and countries as that of Europe, the U.S., and Canada. As per the report, Canada and the U.S. are the top leaders in the market followed by Europe. In addition, the report predicts that Asia Pacific is likely to lead the market owing to a large elderly population base as compared to other regions.

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Moving further in the report, the prime market dynamics have been studied and discussed. These include the prime drivers as well as the key restraints impacting the growth of the market. The rising geriatric population, the growing health expenditure, and the increasing life expectancy are amongst the major factors stimulating the growth of the global elderly care services market. In addition, the rising incidence of chronic illnesses amongst the geriatric population and a number of benefits provided by home healthcare augment the market.

On the other hand, factors such as the absence of qualified professionals, the exceeding demand over supply of services, and the soaring cost of services may inhibit the growth of the market in the forthcoming years. The report also throws light on the chief trends prevalent in the market. These include the boom in the global healthcare industry, technological development in senior care facilities, and federal health reforms being implemented globally.

In the next section, the company profiles of the prominent players dominant in the elderly care services market have been presented. These major players have been analyzed on the basis of their financial overview, business overview, and business strategy. Some of the players elaborated in this section are Brookdale Senior Living Inc., Genesis Healthcare Inc., Kindred Healthcare Inc., and Extendicare, among others.

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