Global Market Study on Elder Care Services: High Demand for Institutional Care to be Witnessed in the Next Eight Years

Elder Care Services  Market
  • Published On : Jun-2018 |
  • Pages : 209 Pages |
  • Format :

Report Synopsis

This report by Persistence Market Research (PMR) examines the global elder care services market for the period 2018–2026. The primary objective of the report is to offer updates and information related to market opportunities in the global elder care services market.

Report Description

Persistence Market Research offers 8-year forecast on the global elder care services market between 2018 and 2026. In terms of value, the global elder care services market is expected to register a CAGR of 8.5% during the forecast period. This study demonstrates market dynamics and trends in major countries that are expected to influence the current environment and future status of the global elder care services market over the forecast period.

The global elder care services market report provides analysis and insights on home care services, adult day care services and institutional care. These services provide medical care, encourage socialization among elderly, etc.

To understand and assess various opportunities in this market, the report is categorically split into three sections, namely market analysis by service type, financing source and region. The report analyzes the global elder care services market in terms of value (US$ Bn).

The report starts with an overview of the global elder care services market. In the same section, PMR covers the global elder care services market performance in terms of value. This section also includes PMR’s analysis of key trends, drivers, and restraints from supply and demand perspectives. The report also covers the opportunities in the global elder care services market.

The next section of the report analyzes the market on the basis of market segment and presents forecast in terms of value till 2026. On the basis of segment type, the market has been segmented as follows

By Service Type

  • Home-based Care
  • Community-based Care
  • Institutional Care

By Financing Source

  • Public Expenditure
  • Private Source
  • Out-of-Pocket Spending

The next section analyzes the market on the basis of region in terms of value for the forecast period. Regions covered in the report are as follows:

By Region

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Switzerland
    • Russia
    • Nordic
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Australia & New Zealand
    • Singapore
    • South Korea
    • India
    • Thailand
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

To reach market size, the report considers market value of the global elder care services across the above-mentioned regions. The market estimation presented in the report evaluates the total revenue generated in the global elder care services market over the forecast period. When developing the market forecast, the starting point involves sizing up the current market, which forms the basis of the forecast on how the market is anticipated to take shape in the near future. For this, PMR has conducted interviews with several subject matter experts in the elder care services domain across the globe. Given the characteristics of the market, we triangulated the outcome based on different analysis based on supply side, demand side and dynamics of the market. In this report, quantification of data has been conducted along with provision of quality insights collected directly from the market through discussion with suppliers, distributors and subject-matter experts.

We have also taken into consideration the year-on-year growth of the global elder care services market, based on regional growth analysis, to understand the predictability of the market and to identify the right opportunities in it.

Another key feature of this report is the analysis of the global elder care services market, by region, which is further segmented on the basis of countries and revenue forecast in terms of absolute dollar (US$) opportunity. Regional trends have been introspected, identified and applied while forecasting the growth rates of the market. Additionally, the absolute dollar opportunity provided in the report is critical in assessing the levels of opportunity that a provider can look to achieve from a sales perspective in the global elder care services market.

In this report, PMR has also developed a market attractiveness index for all segments, namely services type, financing source and its sub-segment. This index is intended to help in identifying real opportunities in the market.

In the final section of the report, the market landscape is included to provide the report audiences with a dashboard view, based on categories of providers in the global product portfolio; their key developments and strategies have also been included wherever possible.

Bedridden patients opting for home healthcare services and increasing demand for retirement living is expected to drive market growth over 2018–2026


Elder care service providers are continuously growing due to rising number of older patients suffering from disabilities and improving day care facilities. Hence, companies are more focused in wireless connectivity and advanced devices to deliver healthcare services. In order to meet customer needs, elder care service companies are entering into various private care centres because older people tend to choose living in care facilities with specialized services requirements, which are provided in private care centres. Chronic conditions of elderly and preventive care technology are opening up niche markets. Moreover, the driving factor of such day care facilities is the overall cost of the setup, which is comparatively less than hospitalization. The day care facility is provided for 10-12 hours a day and is also expected to fuel elder care services market growth in terms of revenue over the forecast period.

Market Value and Forecast

The global elder care services market is anticipated to record a Year-over-Year (Y-o-Y) growth of 8.5% and reach a market value of US$ 1,919.8 Bn in 2026.

Market Dynamics

Few factors driving the growth of global elder care services market include increase in healthcare expenditure, increasing adoption of elder home care services, government funding for aged care services and well-developed infrastructure with wide-range of services. Also, rising number of elderly patients suffering from disabilities and high dependency ratio of elderly over younger population is likely to fuel the elder care services market over 2018–2026

Market Segmentation, by Service Type

By service type, PMR has segmented the global elder care services market into home-based care, community-based care and institutional care. When compared to all the segments in global elder care services market, institutional care segment had the largest market share in 2017 and is projected to grow over the forecast period with highest CAGR of about 10.3%. Home-based care and community-based care segment revenue share is expected to grow owing to increase in adoption rate.

global elder care services market

Key Regions

Europe elder care services market revenue is likely to grow at the highest CAGR over the forecast period. Increase in the total number of elder care services provider along with increase in private-run institutions are likely to propel growth in the revenue of the elder care services market in the region. As per PMR market analysis, the US elder care services market is likely to register at a CAGR of 7.1% during the forecast period owing to increase in government investments and increasing demand for retirement living and high cost of hospital centric cost system in the country. The total number of elder care companies in Europe is higher as compared to other regions. However, several companies are strategically entering in order to increase the number of facility, which is likely to drive the overall elder care services market revenues in the region. Asia pacific elder care service market is projected to expand at a high growth rate in terms of Y-o-Y (Year-on-Year) over the projected forecast period.

Company Profiles 

  • 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
  • Others.


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