Albany, NY, May 20, 2016 (GLOBE NEWSWIRE) -- The global geriatric care services market was valued at USD 560.4 billion in 2012 and is expected to reach USD 850.0 billion by 2019, growing at a CAGR of 5.9% during the forecast period 2013 to 2019.
The market in the region has begun developing and returns from geriatric care business in the region are expected to grow in the coming years.
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The proportion of geriatric population amongst the total population continues to grow and is the single largest driver for the growing global geriatric care services market. Changing family structure in most developed countries has resulted in decrease in time family caregivers can provide. This factor has been crucial in developing and shaping of geriatric care services market. Furthermore, the industrial development and improved job opportunities in the emerging nations of Asia-Pacific have resulted into more people working away from home. This has further led to unavailability of family caregivers which is incentivizing formal care providers. Along with this a large fraction of geriatrics today wish to continue their professional lives but require moderate support from care services.
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The geriatric care services market has been extensively analyzed on the basis of service type and geography. Type of geriatric care services includes home care services, institutional care services and adult day care services. Each geriatric care service type is further segmented considering the different types of care provided in these services. Home care services include home healthcare and non-medical care services for the adults while institutional care services comprises nursing homes, assisted living, hospital based elderly services and independent senior living. Adult day care service has been segmented into medical and non-medical care services. Home healthcare services include medical care, physiotherapy services, telehealth, palliative care and hospice care while non-medical care in home care includes personal care, home making, meals and grocery, rehabilitation and others.
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Geographically, the market is analyzed for four major regions, namely North America, Europe, Asia and Rest of the World (RoW). This report includes an elaborate executive summary, which covers a market snapshot that provides overall information of various segments that are contained in the report. It also provides an overall information and data analysis of the global geriatric care services market with respect to market segments based on technology, end users as well as geographic regions. A detailed qualitative analysis of the factors responsible for driving and restraining the growth of the global geriatric care services market and future opportunities has been provided in the market overview section.
Brookdale Senior Living, Inc., Extendicare, Inc., Genesis HealthCare Corp., Gentiva Health Services, Inc., GGNSC Holdings, Home Instead Senior Care, Inc., Kindred Healthcare, Inc., Senior Care Centers of America, Skilled Healthcare Group, Inc., and Sunrise Senior Living, Inc. are some of the major companies operating in the global geriatric care services market.
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