Quick Summary:
In a rapidly aging society, the Global Elder Care Services Market presents unique investment opportunities. This market, currently valued at US$1.4 Trillion in 2022, is forecasted to nearly double, reaching an impressive US$2.7 Trillion by 2030. This projection underscores a significant growth potential that warrants thorough analysis and review by any forward-thinking business professional.
Our market research report provides an in-depth analysis of this market, with an insightful review of segments such as Institutional Care and Home Care. The report also provides an extensive geographical market assessment covering economies from the U.S., China, Japan, Canada to Germany. Furthermore, a competitive landscape review encapsulates vital data on 16 top industry competitors. To ensure a comprehensive understanding and to aid strategic decision-making, purchasing this market research report becomes a quintessential tool for success.
Global Elder Care Services Market to Reach $2.7 Trillion by 2030
The global market for Elder Care Services estimated at US$1.4 Trillion in the year 2022, is projected to reach a revised size of US$2.7 Trillion by 2030, growing at a CAGR of 8.5% over the analysis period 2022-2030. Institutional Care, one of the segments analyzed in the report, is projected to record 8% CAGR and reach US$1.7 Trillion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Home Care segment is readjusted to a revised 10.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $366.7 Billion, While China is Forecast to Grow at 11.3% CAGR
The Elder Care Services market in the U.S. is estimated at US$366.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$586.4 Billion by the year 2030 trailing a CAGR of 11.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 6.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.Select Competitors (Total 16 Featured) -
- ApnaCare India Pvt. Ltd.
- Benesse Style Care Co., Ltd.
- Carewell-Service Co., Ltd.
- Cascade Healthcare Solutions
- ECON Healthcare Group
- Epoch Elder Care
- Golden Years In-Home Senior Care
- Goldencare Group Pte Ltd
- Nichiigakkan Co., Ltd.
- NTUC Health Co-Operative Ltd.
- Orange Valley Healthcare Pte Ltd.
- Pacific Healthcare Holdings Limited
- RIEI Co. Ltd
- Rosewood Care Group Inc.
- Samvedna Senior Care
- SASCO Integrated Eldercare Centre
- St Luke's ElderCare Ltd.
- United Medicare Pte Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Elder Care Services?
What is the growth rate of the Global Market for Elder Care Services?
What is the forecasted size of the Global Market for Elder Care Services?
Who are the key companies in the Global Market for Elder Care Services?
| Report Attribute | Details |
|---|---|
| No. of Pages | 231 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.4 Trillion |
| Forecasted Market Value ( USD | $ 2.7 Trillion |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ApnaCare India Pvt. Ltd.
- Benesse Style Care Co., Ltd.
- Carewell-Service Co., Ltd.
- Cascade Healthcare Solutions
- ECON Healthcare Group
- Epoch Elder Care
- Golden Years In-Home Senior Care
- Goldencare Group Pte Ltd
- Nichiigakkan Co., Ltd.
- NTUC Health Co-Operative Ltd.
- Orange Valley Healthcare Pte Ltd.
- Pacific Healthcare Holdings Limited
- RIEI Co. Ltd
- Rosewood Care Group Inc.
- Samvedna Senior Care
- SASCO Integrated Eldercare Centre
- St Luke's ElderCare Ltd.
- United Medicare Pte Ltd.
