Elder Care Services Market Growing at a CAGR of 8.4% By 2025

Global Market for Elder Care Services Projected to Grow at a CAGR of 8.4% During 2017 –
Persistence Market Research presents a comprehensive evaluation of the global elder care services
market in a new report titled “Elder Care Services Market: Global Industry Analysis 2012 – 2016
and Forecast 2017 – 2025” that throws light on the performance of the global elder care services
market over an eight year period. Estimated figures indicate significant growth prospects in the
global market, providing good opportunities for business expansion and revenue generation for
seasoned market players as well as market entrants.
Rapid growth of elder care services and increasing governmental regulations to speed up market
With an increase in the worldwide geriatric population brought about by changing global
demographics, there has been a sharp rise in demand for elder care services. An increased life
expectancy of the population has further augmented this demand in the global market, leading to the
growth of several businesses providing elder care services at a global level. Further, the family
structure has moved to a more nuclear system in several countries of the world, necessitating the
outsourcing of elderly caregiving to hospitals and healthcare institutions, as the preference of
nuclear families is shifting towards different service types such as institutional care and community
based care. These factors are anticipated to boost revenue growth of the global elder care services
market, which, according to Persistence Market Research analysis, will reach a market valuation of
US$ 1,767.3 Bn by the end of 2025, up from an estimated US$ 927.1 Bn in 2017, reflecting a
CAGR of 8.4% over the forecast period (2017–2025).
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Global Elder Care Services Market: Segmental Insights
Institutional care is slated to remain the largest segment by service type in the global elder care
services market in terms of revenue, with an estimated 75% market share by the end of 2025.
Community-based care is the second largest segment, with about 18% value share by the end of the
forecast period
Public and government expenditure is the largest source of financing in the global elder care
services market, projected to grow at a CAGR of 7.9% over the forecast period. The public
expenditure segment dominated the global elder care services market in terms of financing source in
2016, and the trend is projected to continue throughout the forecast period. Public expenditure is
expected to account for the largest share of financing of elder care, with a market attractiveness
index of 1.8 over the forecast period. Out-of-pocket spending is anticipated to be the second most
common form of financing for elder care, with a market attractiveness index of 0.8 over the forecast
period. However, in terms of CAGR growth, the out-of-pocket spending segment holds the first
place – recording 9.4% growth during 2017 – 2025
Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/eldercare-services-market.asp
Global Elder Care Services Market: Regional Forecast
According to Persistence Market Research forecasts, Europe will remain the largest regional market
for elder care services, estimated to hold a revenue share of about 37% in 2017. North America is
the second largest regional market, with a projected revenue share of about 30% in 2017. However,
the Asia Pacific market for elder care services is predicted to be the fastest growing regional market,
registering the highest regional CAGR of 11.0% during the forecast period.
Global Elder Care Services Market: Competitive Landscape
The report profiles some of the top companies operating in the global elder care services market
such as Benesse Style Care Co., Ltd, Econ Healthcare Group, Epoch Elder Care, St Luke's
ElderCare Ltd, Latin America Home Health Care, Samvedna Senior Care, ApnaCare Latin America
Private Limited, Nichiigakkan Co. Ltd, Golden Years Hospital, Orange Valley Healthcare, NTUC
Health Co-Operative Ltd, GoldenCare Group Private Limited, Carewell-Service Co., Ltd, RIEI
Co.,Ltd, SASCO Integrated Eldercare Centre, Cascade Healthcare, Millennia Personal Care
Services, Rosewood Care Group Inc., Pacific Healthcare Nursing Home, United Medicare Pte Ltd.
A sample of this report is available upon request @
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