Report Scope:
This report examines the current and projected market potential of elder care services and assistive devices. It offers a detailed analysis of the competitive environment, market background, technological advancement, drivers, restraints, and market growth trends. The report also includes market projections for 2025. The report details the market shares of elder care services and assistive devices based on the type of service and device.
Based on services, the market is fragmented into home healthcare, adult day services, and institutional care. By assistive devices, the market is segmented into medical/personal monitoring aids, daily living aids, mobility aids, access aids, and others.
By geography, the market has been segmented into North America, Europe, the Asia-Pacific region, and the Rest of the World. North America includes the U.S. and Canada; the European region includes Germany, the U.K., France, and the Rest of Europe; the Asia-Pacific region includes China, India, Japan, and the Rest of Asia-Pacific. For market estimates, data are provided for 2018 as the base year, 2019, and forecast through year-end 2025. Estimated values used are based on assistive device manufacturers’ and elder care service providers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars that have not been adjusted for inflation.
The Report Includes:
- 12 data tables and 20 additional tables
- An overview of the global markets for eldercare services and assistive devices
- Estimation of the market size and analyses of global market trends with data from 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Highlights of quantitative and qualitative data of the eldercare products and services market by home healthcare, adult day services and institutional care, and medical/personal monitoring aids, daily living aids, mobility aids, and access aids, and by region
- Identification of market drivers, restraints, and other forces impacting the global market and evaluation of current market trends, market size, market forecast, and technological advancements within the industry
- Impact analysis of COVID-19 on eldercare products and services market
- Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
- Company profiles of major players of the industry, including Atria Senior Living, Enlivant, Life Care Centers of America, Invacare Corp., and Sunrise Medical
Table of Contents
Chapter 1 Introduction
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Information Sources
- Methodology
- Geographic Breakdown
- Analyst's Credentials
- Custom Research
- Related reports
Chapter 2 Summary and Highlights
- Highlights of the Market for Elder Care Services and Assistive Devices
Chapter 3 Market Background
- Overview: Global Elderly Population
- Trends in Population Aging
- Global Demographic Trends by Country/Region
- Healthcare and Aging
- Elderly Living with Chronic Health Conditions
- The Elderly’s Global Environment
- Government Legislation and Programs Aimed at the Elderly
- Elder Care Services
- Unpaid Caregivers
- Toll on Caregivers
- Long-Term Care
- Elder Care Assistive Devices
Chapter 4 Elder Care Services and Assistive Devices: Market Dynamics
- Market Dynamics
- Market Drivers
- Market Restraints
Chapter 5 Market Breakdown by Type of Service
- Global Market for Elder Care Services and Assistive Devices by Type of Service
- Home Healthcare Services
- Adult Day Services
- Institutional Care Services
Chapter 6 Market Breakdown by Type of Assistive Device
- Global Market for Elder Care Services and Assistive Devices by Type of Assistive Device
- Medical/Personal Monitoring Aids
- Daily Living Aids
- Mobility Aids
- Access Aids
- Others
Chapter 7 Market Breakdown by Region
- Global Market for Elder Care Services and Assistive Devices by Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Chapter 8 Competitive Landscape
- Mergers and Acquisitions
- Agreements, Collaborations, Product Launches and Partnerships
Chapter 9 Company Profiles
- Services Company
- Atria Senior Living
- Brookdale Senior Living Inc.
- Capital Senior Living Corp.
- Enlivant
- Five Star Senior Living Inc.
- Life Care Centers Of America
- Livhome
- Promedica Senior Care (Formerly Hcr Manorcare Inc.)
- Sunrise Senior Living
- Assisted Devices Company
- Invacare Corp.
- Pacesaver
- Pride Mobility Products Corp.
- Savaria Corp.
- Sunrise Medical
Chapter 10 Appendix: List of Acronyms
List of Tables
Summary Table A: Global Market for Elder Care Services, by Type of Service, Through 2025
Summary Table B: Global Market for Elder Care Assistive Devices, by Type of Device, Through 2025
Table 1: Number and Distribution of Persons Aged 60+, by Region, 2019 and 2050
Table 2: Population Aged 60+, by Country, 2019
Table 3: Global Market for Elder Care Services, by Type of Service, Through 2025
Table 4: List of Home Healthcare Agencies
Table 5: Average Costs of Adult Day Care by U.S. State
Table 6: Senior Housing Providers/Operator in U.S., by Units, 2019
Table 7: Global Market for Elder Care Assistive Devices, by Type of Device, Through 2025
Table 8: Daily Living Aids Manufacturers
Table 9: Mobility Aids Manufacturers
Table 10: Access Aids Manufacturers
Table 11: Global Market for Elder Care Assistive Devices, by Region, Through 2025
Table 12: North American Market for Elder Care Assistive Devices, by Country, Through 2025
Table 13: European Market for Elder Care Assistive Devices, by Country, Through 2025
Table 14: Asia-Pacific Market for Elder Care Assistive Devices, by Country, Through 2025
Table 15: Rest of the World Market for Elder Care Assistive Devices, by Type of Service, Through 2025
Table 16: Rest of the World Market for Elder Care Assistive Devices, by Type of Device, Through 2025
Table 17: Atria Senior Living: Elder Care Services Portfolio
Table 18: Brookdale Senior Living Inc.: Elder Care Services Portfolio
Table 19: Capital Senior Living Corp.: Elder Care Services Portfolio
Table 20: Enlivant: Elder Care Services Portfolio
Table 21: Five Star Senior Living Inc.: Elder Care Services Portfolio
Table 22: Life Care Centers of America: Elder Care Services Portfolio
Table 23: LivHOME: Elder Care Service Portfolio
Table 24: ProMedica Senior Care: Elder Care Services Portfolio
Table 25: Sunrise Senior Living: Elder Care Services Portfolio
Table 26: Invacare Corp.: Elder Care Product Portfolio
Table 27: PaceSaver: Elder Care Product Portfolio
Table 28: Pride Mobility Products Corp.: Elder Care Product Portfolio
Table 29: Savaria: Elder Care Product Portfolio
Table 30: Sunrise Medical: Elder Care Product Portfolio
Table 31: Acronyms Used in the Elder Care Services and Assistive Devices Industry
List of Figures
Summary Figure A: Global Market for Elder Care Services, by Type of Service, 2018-2025
Summary Figure B: Global Market Shares of Elder Care Services, by Type of Service, 2020
Summary Figure C: Global Market for Elder Care Assistive Devices, by Type of Device, 2018-2025
Summary Figure D: Global Market Shares of Elder Care Assistive Devices, by Type of Device, 2020
Figure 1: Global Population Aged 65+, 2014-2022
Figure 2: Global Market Shares of Elder Care Services, by Type of Service, 2020
Figure 3: Global Market for Home Healthcare, 2018-2025
Figure 4: Global Market for Home Healthcare, by Region, 2018-2025
Figure 5: Global Market for Adult Day Services, 2018-2025
Figure 6: Global Market for Adult Day Services, by Region, 2018-2025
Figure 7: Global Market for Institutional Care Services, 2018-2025
Figure 8: Global Market for Institutional Care Services, by Region, 2018-2025
Figure 9: Global Market Shares of Elder Care Assistive Devices, by Type of Device, 2020
Figure 10: Global Market for Medical/Personal Monitoring Aids, 2018-2025
Figure 11: Global Market for Daily Living Aids, 2018-2025
Figure 12: Global Market for Mobility Aids, 2018-2025
Figure 13: Global Market for Access Aids, 2018-2025
Figure 14: Global Market for Others Assistive Devices, 2018-2025
Figure 15: Global Market Shares of Elder Care Assistive Devices, by Region, 2020
Figure 16: North American Market Shares of Elder Care Assistive Devices, by Country, 2020
Figure 17: U.S. Market for Elder Care Assistive Devices, 2018-2025
Figure 18: Total U.S. Population 65 Years and Over
Figure 19: Canadian Market for Elder Care Assistive Devices, 2018-2025
Figure 20: European Market Shares of Elder Care Assistive Devices, by Country, 2020
Figure 21: German Market for Elder Care Assistive Devices, 2018-2025
Figure 22: U.K. Market for Elder Care Assistive Devices, 2018-2025
Figure 23: French Market for Elder Care Assistive Devices, 2018-2025
Figure 24: Rest of European Market for Elder Care Assistive Devices, 2018-2025
Figure 25: Asia-Pacific Market Shares of Elder Care Assistive Devices, by Country, 2020
Figure 26: Japanese Market for Elder Care Assistive Devices, 2018-2025
Figure 27: Chinese Market for Elder Care Assistive Devices, 2018-2025
Figure 28: Indian Market for Elder Care Assistive Devices, 2018-2025
Figure 29: Rest of Asia-Pacific Market for Elder Care Assistive Devices, 2018-2025
Figure 30: Rest of the World Market for Elder Care Assistive Devices, 2018-2025
Figure 31: Rest of the World Market Share of Elder Care, by Type of Service, 2020
Figure 32: Brookdale Senior Living Inc.: Annual Revenue, 2017-2019
Figure 33: Brookdale Senior Living Inc.: Revenue Share, by Type of Service, 2019
Figure 34: Capital Senior Living Corp.: Annual Revenue, 2017-2019
Figure 35: Five Star Senior Living Inc.: Annual Revenue, 2017-2019
Figure 36: Invacare Corp.: Annual Revenue, 2017-2019
Figure 37: Invacare Corp.: Revenue Share, by Business Division, 2019
Figure 38: Invacare Corp.: Revenue Share, by Region, 2019
Figure 39: Savaria Corp.: Annual Revenue, 2018 and 2019
Figure 40: Savaria Corp.: Revenue Share, by Business Division, 2019
Figure 41: Savaria Corp.: Revenue Share, by Region/Country, 2019
Executive Summary
The global market's growth is attributed to the growing need for personal care for the elderly population affected by chronic diseases, a rise in the size of the world’s geriatric population, the increasing popularity of Internet of things (IoT) technology in-home healthcare, an increase in the prevalence of people suffering from disabilities, new technology innovations and rising government funding for elderly care.
An apparent rise in the capital targeted at the elderly care home and the senior living property market has been observed recently. As an industry, elder care picked up steam in the 1960s and 1970s with government support and the advent of the National Institute on Aging. The number of older Americans needing care will grow as life expectancy increases. In 1965, Medicare provided seniors with federal money for home healthcare. The rest of the industry’s revenue is from out-of-pocket costs, private insurance, Medicaid, and money paid by local governments. The majority of the industry's income in the United States comes from private insurance, Medicaid, and Medicare, all of which set prices in the industry.
Companies Mentioned
- Atria Senior Living
- Brookdale Senior Living Inc.
- Capital Senior Living Corp.
- Enlivant
- Five Star Senior Living Inc.
- Invacare Corp.
- Life Care Centers Of America
- Livhome
- Pacesaver
- Pride Mobility Products Corp.
- Promedica Senior Care (Formerly Hcr Manorcare Inc.)
- Savaria Corp.
- Sunrise Medical
- Sunrise Senior Living
