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The global geriatric care services industry is experiencing unprecedented growth, driven primarily by the rapid aging of the world’s population. As advancements in healthcare and living standards extend life expectancy, the proportion of people aged 65 and older is increasing significantly across many countries. This demographic transformation is reshaping the demand for specialized services tailored to the unique medical, psychological, and social needs of the elderly. Geriatric care services encompass a broad spectrum of support systems, including home healthcare, assisted living facilities, adult day care, palliative and hospice care, and skilled nursing homes. This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
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These services are designed to provide not only clinical assistance but also help with daily activities such as bathing, dressing, and meal preparation critical aspects of maintaining dignity and quality of life for older adults. The increasing burden of age-related conditions such as dementia, arthritis, cardiovascular disease, and sensory impairments has further accelerated the need for structured and professional elder care infrastructure. A major factor fueling the rise of this industry is the growing recognition of the importance of integrated, patient-centric approaches. Unlike general healthcare services, geriatric care focuses on holistic management, ensuring that patients receive physical, mental, and emotional support.
This is especially relevant as seniors often face multiple chronic conditions that require coordinated care among physicians, caregivers, therapists, and social workers. Moreover, the emotional aspect of aging particularly issues related to loneliness, isolation, or loss of independence calls for more than just medical attention. Modern geriatric care providers are now embedding social engagement programs, recreational therapies, and psychological counseling into their services to address these concerns. Additionally, families seeking care for aging loved ones are increasingly drawn to providers who offer continuity of care, personalized care plans, and transparent communication.
According to the research report “Global Geriatric Care Services Market Outlook, 2030” the global Geriatric Care Services market is projected to reach market size of USD 1.67 trillion by 2030 increasing from USD 1.14 trillion in 2024, growing with 6.70% CAGR by 2025-30. Technology is playing a pivotal role in transforming the geriatric care services landscape. From remote health monitoring systems and wearable devices to AI-driven diagnostics and telemedicine consultations, technological advancements are enabling better care delivery and improved patient outcomes.
Smart home modifications, fall detection systems, and medication management apps are helping seniors maintain independence while reducing the risks associated with aging at home. At the same time, electronic health records (EHRs) and data analytics tools are enhancing care coordination across service providers. These innovations are not only improving the efficiency of care but also helping bridge the gap in regions facing shortages of geriatric specialists and trained caregivers. Regionally, developed economies such as the United States, Japan, and countries in Western Europe are at the forefront of the geriatric care services industry due to their aging populations and advanced healthcare infrastructure.
However, emerging markets in Asia-Pacific and Latin America are beginning to witness rapid growth as urbanization, changing family structures, and rising healthcare awareness prompt demand for formal elderly care services. Governments and private sectors in these regions are gradually increasing investments in senior housing, long-term care facilities, and training programs for geriatric care professionals. Furthermore, policy initiatives such as public insurance coverage, elder-friendly infrastructure development, and caregiver support programs are creating an enabling environment for market expansion.
Market Drivers
- Rapidly Aging Global Population: One of the most powerful drivers is the increasing number of elderly individuals worldwide. As life expectancy rises and birth rates decline, especially in developed and some developing countries, the proportion of people aged 65 and older is growing at an unprecedented rate. This demographic shift directly boosts the demand for specialized healthcare services, senior housing, assisted living, and long-term care, creating vast opportunities for expansion in the geriatric care sector.
- Rising Incidence of Chronic Diseases: Older adults are more prone to chronic conditions such as arthritis, diabetes, Alzheimer’s, cardiovascular disease, and mobility issues. Managing these complex, long-term illnesses requires continuous and coordinated care something traditional healthcare models often fail to provide. Geriatric services, which are built around multidisciplinary care teams and personalized treatment plans, are increasingly becoming essential for effective disease management among the elderly.
Market Challenges
- Shortage of Trained Geriatric Professionals: One of the industry’s most critical hurdles is the global shortage of trained healthcare providers and caregivers specialized in geriatric care. This shortage extends across nurses, doctors, physiotherapists, and social workers who understand the complex, multidimensional needs of the elderly. Without sufficient workforce capacity, maintaining high standards of elderly care becomes difficult, particularly as demand continues to surge.
- High Cost of Care and Limited Access: Geriatric services can be expensive, especially for long-term or specialized care like memory units, in-home nursing, or palliative care. In many countries, these services are not fully covered by public health systems or insurance, placing a financial burden on families. Additionally, access to quality geriatric care is limited in rural or underdeveloped areas, leading to disparities in elderly well-being and healthcare outcomes.
Market Trends
- Integration of Technology in Elderly Care: The industry is increasingly adopting digital tools such as telemedicine, wearable health monitors, fall detection systems, AI-driven diagnostics, and remote patient monitoring. These technologies are improving care delivery, enhancing safety, and enabling elderly individuals to age in place. Tech-enabled services are also helping address caregiver shortages by offering remote support and streamlining administrative processes.
- Shift Toward Home-Based and Community Care Models: There is a growing trend toward personalized, in-home, and community-based care models, driven by the elderly's preference to stay in familiar environments. Services like home healthcare, adult day care, mobile medical units, and virtual consultations are gaining popularity. These models not only reduce hospitalization rates and costs but also support emotional well-being by allowing seniors to maintain greater independence and social connection.
The dominance of home care in the geriatric care services market is primarily driven by the growing preference among elderly individuals to age in place, maintaining their familiar surroundings and routines. Unlike institutional settings such as nursing homes or assisted living facilities, home care offers a highly personalized and flexible approach to healthcare and daily assistance, tailored to the unique needs of each individual. This includes services ranging from medication management, physical therapy, and nursing care to help with bathing, dressing, and meal preparation. Home care significantly contributes to emotional well-being, as seniors feel more secure and less isolated when surrounded by family or familiar caregivers.
Additionally, advancements in telehealth, wearable health monitoring, and remote patient management have made it easier to provide high-quality care without frequent hospital visits. From a cost perspective, home care can often be more affordable than long-term residential care facilities, especially when institutional stays are not medically necessary. For families, this model also offers the ability to stay closely involved in the care process, which builds trust and transparency.
Private providers are leading in the geriatric care services market due to their ability to offer high-quality, personalized, and innovative care solutions that cater to the diverse and evolving needs of the aging population.
The leadership of private organizations in the geriatric care services market is largely attributed to their flexibility, responsiveness, and focus on delivering premium, patient-centric services. Unlike many public systems that may be constrained by funding limitations or bureaucratic delays, private providers can adapt quickly to the growing and varied demands of elderly care. They often invest heavily in training specialized staff, integrating advanced technologies such as telemedicine, remote monitoring, and AI-assisted diagnostics, and offering a wide array of tailored services from skilled nursing and rehabilitation to mental health support and companionship care.
These providers also tend to have better infrastructure, shorter waiting times, and more customizable care plans, which appeal to families seeking the best possible support for their aging loved ones. The rise in dual-income households, urban nuclear families, and a global surge in elderly populations with chronic or degenerative conditions has further accelerated the demand for professional, high-standard services an area where private entities excel. Moreover, private providers often build strong brand reputations based on quality, reliability, and personalized attention, which fosters client loyalty and word-of-mouth referrals.
Public insurance is leading in the geriatric care services market because government-funded programs provide widespread financial support, making elderly care more accessible and affordable for a growing aging population.
Public insurance dominates the geriatric care services market primarily due to its broad reach, affordability, and the critical role it plays in ensuring equitable access to essential healthcare services for the elderly. In many countries, especially those with aging populations like the United States, Japan, and much of Europe, government-backed insurance schemes such as Medicare, Medicaid, and national health programs are structured to cover the cost of long-term care, home health services, rehabilitation, and chronic disease management areas where elderly care needs are most pronounced.
These public insurance systems relieve financial burdens on aging individuals and their families, many of whom would otherwise struggle to afford the rising costs of professional care. The reliability and predictability of public coverage also give service providers a stable source of funding, which encourages them to expand capacity and improve quality. Furthermore, public insurance programs are often designed with regulatory oversight and standards that ensure consistency and safety in the delivery of services, building trust among beneficiaries.
In many lower- and middle-income countries, the expansion of public health insurance is also a cornerstone policy response to the demographic shift toward an aging society. As governments continue to prioritize elder care in their healthcare agendas and allocate larger budgets to support this demographic, public insurance is expected to maintain and even strengthen its leading position in the geriatric care services market.
The 65-75 age group leads the geriatric care services market because individuals in this early senior stage increasingly seek proactive, preventive, and supportive care to maintain independence and quality of life.
The 65-75 age group, often referred to as the “young-old” demographic, is at the forefront of the geriatric care services market due to a shift toward early intervention, wellness-focused services, and age-related health management. Unlike older age brackets who often require intensive or end-of-life care, this cohort is more active, health-conscious, and financially prepared to invest in services that help them age well. They are more likely to engage with early-stage geriatric care offerings such as regular health checkups, physiotherapy, home assistance, nutritional counseling, mental health support, and chronic disease monitoring.
This proactive engagement is driven by a growing awareness of age-related risks like diabetes, hypertension, arthritis, and cognitive decline and the desire to manage these conditions before they become debilitating. Additionally, governments and healthcare providers are also increasingly targeting this group with wellness and preventive programs, recognizing that early care can significantly reduce long-term healthcare costs. The 65-75 age group also tends to have better digital literacy than older seniors, allowing them to more easily adopt telehealth, wearable monitoring devices, and app-based health solutions further integrating them into modern geriatric care systems.
North America is leading the geriatric care services market due to its rapidly aging population, advanced healthcare infrastructure, and strong public and private investment in elderly care programs.
North America, particularly the United States and Canada, holds a dominant position in the geriatric care services market owing to a convergence of demographic, infrastructural, and policy-related factors. The region is experiencing a significant rise in its elderly population, with the baby boomer generation now entering retirement age. This demographic shift has created an urgent and sustained demand for a wide range of elderly care services from home-based assistance and nursing care to advanced memory and palliative care facilities. In response, both public and private sectors have heavily invested in expanding and modernizing geriatric care infrastructure.
The presence of robust healthcare systems, including Medicare, Medicaid, and various private insurance options, ensures greater accessibility to such services. Moreover, North America benefits from strong technological adoption, which has enabled the integration of remote monitoring, telehealth, and AI-driven health analytics into elderly care improving both efficiency and quality of life for seniors.
Regulatory frameworks also support the development and accreditation of high-standard senior care facilities, while an abundance of trained caregivers, geriatric specialists, and support staff bolsters service delivery. Additionally, a growing culture of senior living communities, wellness-focused aging, and the prevalence of chronic diseases among older adults have further accelerated the need for structured care services.
- In April 2025, Geri Care Health Services, India’s first integrated, geriatrician-led healthcare provider, inaugurated a 100-bed Assisted Living Centre in Ulsoor, Bengaluru. This premium skilled nursing facility introduces a pioneering eldercare model to the city, marking a significant milestone in Geri Care’s national expansion.
- In March 2025, Apollo Hospitals launched ‘Seniors First’, a comprehensive healthcare initiative tailored to the needs of older adults. Utilizing the Clinical Frailty Scale and supported by a dedicated care manager, the program offers 24x7 medical advice, a senior helpline, concierge services, coordinated homecare, and priority access across Apollo’s healthcare network including Apollo Homecare, Apollo 24/7, and Apollo Diagnostics.
- In January 2025, Geri Care Health Services secured INR 110 crore in its first institutional funding round from InvAscent through India Life Sciences Fund IV (ILSF IV). The investment marks a major step in Geri Care’s growth, supporting its integrated senior-focused services that span hospitals, clinics, home care, and assisted living across South India.
Considered in this report
- Historic Year: 2019
- Base year: 2024
- Estimated year: 2025
- Forecast year: 2030
Aspects covered in this report
- Geriatric Care Service Market with its value and forecast along with its segments
- Various drivers and challenges
- On-going trends and developments
- Top profiled companies
- Strategic recommendation
By Service
- Home care
- Adult day care
- Institutional care
By Age Group
- 65-75 (early care)
- 76-85 (mid-to-heavy care)
- 86+ (intensive care)
By Application
- High blood pressure
- Alzheimer's/dementias
- Depression
- Diabetes
- Other applications
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases.After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to this industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.Table of Contents
1. Executive Summary5. Economic /Demographic Snapshot13. Strategic Recommendations15. Disclaimer
2. Market Dynamics
3. Research Methodology
4. Market Structure
6. Global Geriatric Care Service Market Outlook
7. North America Geriatric Care Service Market Outlook
8. Europe Geriatric Care Service Market Outlook
9. Asia-Pacific Geriatric Care Service Market Outlook
10. South America Geriatric Care Service Market Outlook
11. Middle East & Africa Geriatric Care Service Market Outlook
12. Competitive Landscape
14. Annexure
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Home Instead, Inc.
- Right at Home
- Amedisys, Inc.
- Genesis Healthcare, Inc.
- ScionHealth
- UnitedHealth Group Inc
- Clariane SE
- Helping Hands Home Care
- Spitex
- EPOCH Elder Care
- St. Luke's ElderCare Ltd.
- Portea Medical Private Limited
- Grupo Cene
- Cuidarlos
- Grupo Geriatrics
- Mediclinic Group
- Amana Healthcare
- Manzil Healthcare Services
- Benesse Holdings, Inc.
- Tsukui Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 203 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.14 Trillion |
| Forecasted Market Value ( USD | $ 1.67 Trillion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
