Geriatric Care Services Market Size to exceed $1,101bn by 2023

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Geriatric Care Services Market Size to exceed
1,101bn by 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Geriatric Care Services Market

• Global geriatric care services market size
  estimate was USD 684 billion in 2015, and looks
  poised to exceed USD 1,100 billion by 2023.
• North America is the largest regional avenue for
  industry participants, accounting for close to
  44 of sales in 2015, followed by Europe, Asia
  Pacific, LATAM and MEA.  
• Presence of various long-term care centers
  throughout the U.S. is one of the most critical
  success factors for the growth of the U.S.
  geriatric care services market, with revenue
  being over USD 258 billion in 2015.
• Key advantages associated with elder home care
  services include extra and dedicated time
  provided by the caregiver to the patients,
  maintenance of a good social life for elderly
  population, and providing facilities to the
  elderly to maintain their older lifestyles.

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Continued...

• Adult day care centres include services such as
  health, nutritional, social support, and daily
  living needs by professionally trained staff.
• Presence of underdeveloped geriatric care
  services infrastructure in Argentina and other
  Latin American nations is expected to present
  geriatric care services providers an opportunity
  to enter and tap these regions.
• India geriatric care market is set to gain at 9
  CAGR up to 2023, from USD 13.8 billion in revenue
  for 2015.
• Industry rivalry in the geriatric care services
  market share is expected to be moderately high,
  with industry moving towards consolidation. There
  are frequent mergers, acquisitions, and strategic
  alliances to enhance product portfolio and market
  presence.

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North America geriatric care services market
size, by country, 2016-2023 (USD Billion)

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360 Analysis

• Service Type Analysis
• Institutional care services and home care
  services are the predominant market segments in
  2016, with a revenue share of 40, and 41
  respectively. Institutional care services market
  is driven by the presence of favorable
  reimbursements in the form of Medicaid, provided
  by states according to the federal requirement.
• Regional Analysis
• North America is the largest revenue puller in
  the overall geriatric care services market
  targeted to exceed USD 300 billion in 2016,
  making it the largest regional market. This large
  market size can be attributed to presence of
  developed long-term care services infrastructure,
  and favorable reimbursement policies in the U.S.
• Competitive Market Share
• Global geriatric care services market share is
  highly fragmented garnered by number large and
  small companies. The top players in this market
  include Brrokdale Senior Living, Kindred
  Healthcare, Senior Care Centers of America, and
  Genesis Healthcare Corp. among others.

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