Elderly Care Services Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2030, Segmented By Type; By Service Type; By Service Provider; By Application; By Region

Description

Global Elderly Care Services Market Size Booming at Healthy CAGR of 6.88% to Touch USD 3.32 Billion by 2030

Global Elderly Care Services Market is expanding rapidly due to an aging population, increased life expectancy, rising chronic diseases, technological advancements in healthcare, and growing demand for home-based and personalized care services.

BlueWeave Consulting, a leading strategic consulting and Market research firm, in its recent study, estimated the Global Elderly Care Services Market size by value at USD 1.76 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Global Elderly Care Services Market size to expand at a CAGR of 6.88% reaching a value of USD 3.32 billion in 2023. The Global Elderly Care Services Market is driven by several factors including the aging population, increasing prevalence of chronic diseases, and rising life expectancy. Technological advancements in healthcare, growing awareness about elderly care services, and government initiatives and policies supporting elder care further propel market growth. Additionally, the surge in the number of elderly individuals requiring assistance with daily activities and the rising demand for personalized and home-based care options contribute significantly to the expansion of the market. Economic growth and improved healthcare infrastructure in emerging economies also play crucial roles in driving the market.

Opportunity - Unprecedented global demographic shift

The Global Elderly Care Services Market is witnessing significant growth, driven by an unprecedented demographic shift. Rapidly aging populations worldwide are increasing demand for specialized healthcare, residential care, and home-based services. Advances in medical technology, rising prevalence of chronic diseases, and improved life expectancy are further propelling market expansion. Governments and private sectors are investing heavily in elderly care infrastructure to address this demographic trend, ensuring comprehensive care for the growing elderly population. This shift presents lucrative opportunities for stakeholders in the elderly care services market, paving the way for innovative solutions and enhanced care delivery.

Impact of Escalating Geopolitical Tensions on Global Elderly Care Services Market

Escalating geopolitical tensions can significantly impact the Global Elderly Care Services Market. For instance, trade disputes may disrupt the supply chain, leading to shortages of essential equipment and medications used in elderly care. Economic sanctions can limit investments in healthcare infrastructure, affecting the quality and accessibility of eldercare services. Additionally, political instability may deter foreign investments and hinder international collaborations in research and development, slowing down innovation in elderly care technologies. Geopolitical conflicts can also exacerbate social unrest and displacement, putting additional strain on already stretched elder care resources. Ultimately, these factors can contribute to increased costs, reduced quality of care, and limited access to services for the elderly population worldwide, exacerbating the challenges already faced by the vulnerable demographic.

Global Elderly Care Services Market

Segmental Coverage

Global Elderly Care Services Market - By Type

Based on type, Global Elderly Care Services Market is divided into Pharmaceuticals and Housing & Assistive Devices segments. The housing & assistive device type is a larger type in the Global Elderly Care Services Market. The segment encompasses a wide range of products and services designed to support the aging population in their daily activities and enhance their quality of life. It includes various assistive devices such as mobility aids, home modifications, and technology solutions tailored to meet the specific needs of seniors. The growing demand for solutions that enable seniors to age in place comfortably and independently is driving the expansion of the segment in the elderly care services market.

Global Elderly Care Services Market - By Service Provider

Based on service provider, Global Elderly Care Services Market is bifurcated into Private and Public segments. The private segment, encompassing a broad array of services tailored to individual needs, holds a major share. Private elderly care services often include personalized care plans, specialized medical assistance, and a range of amenities designed for comfort and well-being. The segment thrives on personalized attention and tailored solutions, catering to the diverse preferences and requirements of elderly individuals and their families. Its prominence underscores the growing demand for high-quality, customizable care options in response to the aging population worldwide.

Competitive Landscape

Global Elderly Care Services Market is fiercely competitive. Major companies in the Market include ORPEA GROUPE, Empathy, Wellthy, AlzBetter, Cleo, Helpr, Right at Home, LLC, Home Instead, Inc., Lottie, Smart, and Plentific. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Global Elderly Care Services Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Global Elderly Care Services Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Global Elderly Care Services Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the Market.

Product Code: BWC24446

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Elderly Care Services Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Rising elderly population
  - 3.2.1.2. Increasing preference for better lifestyle and healthcare services after retirement
  - 3.2.1.3. Growing demand for home care services
  - 3.2.1.4. Technological progress and product innovations
- 3.2.2. Restraints
  - 3.2.2.1. Lack of skilled professionals
  - 3.2.2.2. High cost of care
- 3.2.3. Opportunities
  - 3.2.3.1. Increasing demand for a diverse range of healthcare workforce
  - 3.2.3.2. Unprecedented global demographic
- 3.2.4. Challenges
  - 3.2.4.1. Unmet care and support requirements
  - 3.2.4.2. Regulatory hurdles
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Elderly Care Services Market: Marketing Strategies

5. Global Elderly Care Services Market Overview

5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
- 5.2.1. By Type
  - 5.2.1.1. Pharmaceuticals
  - 5.2.1.2. Housing & Assistive Devices
- 5.2.2. By Service Type
  - 5.2.2.1. Adult Day Care
  - 5.2.2.2. Institutional Care
  - 5.2.2.3. Home Care
- 5.2.3. By Service Provider
  - 5.2.3.1. Private
  - 5.2.3.2. Public
- 5.2.4. By Application
  - 5.2.4.1. Respiratory Diseases
  - 5.2.4.2. Diabetes
  - 5.2.4.3. Osteoporosis
  - 5.2.4.4. Heart Diseases
  - 5.2.4.5. Neurological Diseases
  - 5.2.4.6. Kidney Diseases
  - 5.2.4.7. Arthritis
  - 5.2.4.8. Cancer
- 5.2.5. By Region
  - 5.2.5.1. North America
  - 5.2.5.2. Europe
  - 5.2.5.3. Asia Pacific (APAC)
  - 5.2.5.4. Latin America (LATAM)
  - 5.2.5.5. Middle East and Africa (MEA)

6. North America Elderly Care Services Market

6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Service Type
- 6.2.3. By Service Provider
- 6.2.4. By Application
- 6.2.5. By Country
  - 6.2.5.1. United States
  - 6.2.5.1.1. By Type
  - 6.2.5.1.2. By Service Type
  - 6.2.5.1.3. By Service Provider
  - 6.2.5.1.4. By Application
  - 6.2.5.2. Canada
  - 6.2.5.2.1. By Type
  - 6.2.5.2.2. By Service Type
  - 6.2.5.2.3. By Service Provider
  - 6.2.5.2.4. By Application

7. Europe Elderly Care Services Market

7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Service Type
- 7.2.3. By Service Provider
- 7.2.4. By Application
- 7.2.5. By Country
  - 7.2.5.1. Germany
  - 7.2.5.1.1. By Type
  - 7.2.5.1.2. By Service Type
  - 7.2.5.1.3. By Service Provider
  - 7.2.5.1.4. By Application
  - 7.2.5.2. United Kingdom
  - 7.2.5.2.1. By Type
  - 7.2.5.2.2. By Service Type
  - 7.2.5.2.3. By Service Provider
  - 7.2.5.2.4. By Application
  - 7.2.5.3. Italy
  - 7.2.5.3.1. By Type
  - 7.2.5.3.2. By Service Type
  - 7.2.5.3.3. By Service Provider
  - 7.2.5.3.4. By Application
  - 7.2.5.4. France
  - 7.2.5.4.1. By Type
  - 7.2.5.4.2. By Service Type
  - 7.2.5.4.3. By Service Provider
  - 7.2.5.4.4. By Application
  - 7.2.5.5. Spain
  - 7.2.5.5.1. By Type
  - 7.2.5.5.2. By Service Type
  - 7.2.5.5.3. By Service Provider
  - 7.2.5.5.4. By Application
  - 7.2.5.6. Belgium
  - 7.2.5.6.1. By Type
  - 7.2.5.6.2. By Service Type
  - 7.2.5.6.3. By Service Provider
  - 7.2.5.6.4. By Application
  - 7.2.5.7. Russia
  - 7.2.5.7.1. By Type
  - 7.2.5.7.2. By Service Type
  - 7.2.5.7.3. By Service Provider
  - 7.2.5.7.4. By Application
  - 7.2.5.8. The Netherlands
  - 7.2.5.8.1. By Type
  - 7.2.5.8.2. By Service Type
  - 7.2.5.8.3. By Service Provider
  - 7.2.5.8.4. By Application
  - 7.2.5.9. Rest of Europe
  - 7.2.5.9.1. By Type
  - 7.2.5.9.2. By Service Type
  - 7.2.5.9.3. By Service Provider
  - 7.2.5.9.4. By Application

8. Asia Pacific Elderly Care Services Market

8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Service Type
- 8.2.3. By Service Provider
- 8.2.4. By Application
- 8.2.5. By Country
  - 8.2.5.1. China
  - 8.2.5.1.1. By Type
  - 8.2.5.1.2. By Service Type
  - 8.2.5.1.3. By Service Provider
  - 8.2.5.1.4. By Application
  - 8.2.5.2. India
  - 8.2.5.2.1. By Type
  - 8.2.5.2.2. By Service Type
  - 8.2.5.2.3. By Service Provider
  - 8.2.5.2.4. By Application
  - 8.2.5.3. Japan
  - 8.2.5.3.1. By Type
  - 8.2.5.3.2. By Service Type
  - 8.2.5.3.3. By Service Provider
  - 8.2.5.3.4. By Application
  - 8.2.5.4. South Korea
  - 8.2.5.4.1. By Type
  - 8.2.5.4.2. By Service Type
  - 8.2.5.4.3. By Service Provider
  - 8.2.5.4.4. By Application
  - 8.2.5.5. Australia & New Zealand
  - 8.2.5.5.1. By Type
  - 8.2.5.5.2. By Service Type
  - 8.2.5.5.3. By Service Provider
  - 8.2.5.5.4. By Application
  - 8.2.5.6. Indonesia
  - 8.2.5.6.1. By Type
  - 8.2.5.6.2. By Service Type
  - 8.2.5.6.3. By Service Provider
  - 8.2.5.6.4. By Application
  - 8.2.5.7. Malaysia
  - 8.2.5.7.1. By Type
  - 8.2.5.7.2. By Service Type
  - 8.2.5.7.3. By Service Provider
  - 8.2.5.7.4. By Application
  - 8.2.5.8. Singapore
  - 8.2.5.8.1. By Type
  - 8.2.5.8.2. By Service Type
  - 8.2.5.8.3. By Service Provider
  - 8.2.5.8.4. By Application
  - 8.2.5.9. Vietnam
  - 8.2.5.9.1. By Type
  - 8.2.5.9.2. By Service Type
  - 8.2.5.9.3. By Service Provider
  - 8.2.5.9.4. By Application
  - 8.2.5.10. Rest of APAC
  - 8.2.5.10.1. By Type
  - 8.2.5.10.2. By Service Type
  - 8.2.5.10.3. By Service Provider
  - 8.2.5.10.4. By Application

9. Latin America Elderly Care Services Market

9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Service Type
- 9.2.3. By Service Provider
- 9.2.4. By Application
- 9.2.5. By Country
  - 9.2.5.1. Brazil
  - 9.2.5.1.1. By Type
  - 9.2.5.1.2. By Service Type
  - 9.2.5.1.3. By Service Provider
  - 9.2.5.1.4. By Application
  - 9.2.5.2. Mexico
  - 9.2.5.2.1. By Type
  - 9.2.5.2.2. By Service Type
  - 9.2.5.2.3. By Service Provider
  - 9.2.5.2.4. By Application
  - 9.2.5.3. Argentina
  - 9.2.5.3.1. By Type
  - 9.2.5.3.2. By Service Type
  - 9.2.5.3.3. By Service Provider
  - 9.2.5.3.4. By Application
  - 9.2.5.4. Peru
  - 9.2.5.4.1. By Type
  - 9.2.5.4.2. By Service Type
  - 9.2.5.4.3. By Service Provider
  - 9.2.5.4.4. By Application
  - 9.2.5.5. Rest of LATAM
  - 9.2.5.5.1. By Type
  - 9.2.5.5.2. By Service Type
  - 9.2.5.5.3. By Service Provider
  - 9.2.5.5.4. By Application

10. Middle East & Africa Elderly Care Services Market

10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Service Type
- 10.2.3. By Service Provider
- 10.2.4. By Application
- 10.2.5. By Country
  - 10.2.5.1. Saudi Arabia
  - 10.2.5.1.1. By Type
  - 10.2.5.1.2. By Service Type
  - 10.2.5.1.3. By Service Provider
  - 10.2.5.1.4. By Application
  - 10.2.5.2. UAE
  - 10.2.5.2.1. By Type
  - 10.2.5.2.2. By Service Type
  - 10.2.5.2.3. By Service Provider
  - 10.2.5.2.4. By Application
  - 10.2.5.3. Qatar
  - 10.2.5.3.1. By Type
  - 10.2.5.3.2. By Service Type
  - 10.2.5.3.3. By Service Provider
  - 10.2.5.3.4. By Application
  - 10.2.5.4. Kuwait
  - 10.2.5.4.1. By Type
  - 10.2.5.4.2. By Service Type
  - 10.2.5.4.3. By Service Provider
  - 10.2.5.4.4. By Application
  - 10.2.5.5. South Africa
  - 10.2.5.5.1. By Type
  - 10.2.5.5.2. By Service Type
  - 10.2.5.5.3. By Service Provider
  - 10.2.5.5.4. By Application
  - 10.2.5.6. Nigeria
  - 10.2.5.6.1. By Type
  - 10.2.5.6.2. By Service Type
  - 10.2.5.6.3. By Service Provider
  - 10.2.5.6.4. By Application
  - 10.2.5.7. Algeria
  - 10.2.5.7.1. By Type
  - 10.2.5.7.2. By Service Type
  - 10.2.5.7.3. By Service Provider
  - 10.2.5.7.4. By Application
  - 10.2.5.8. Rest of MEA
  - 10.2.5.8.1. By Type
  - 10.2.5.8.2. By Service Type
  - 10.2.5.8.3. By Service Provider
  - 10.2.5.8.4. By Application

11. Competitive Landscape

11.1. List of Key Players and Their Types
11.2. Global Elderly Care Services Company Market Share Analysis, 2023
11.3. Competitive Benchmarking, By Operating Parameters
11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

12. Impact of Escalating Geopolitical Tensions on Global Elderly Care Services Market

13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

13.1. ORPEA GROUPE
13.2. Empathy
13.3. Wellthy
13.4. AlzBetter
13.5. Cleo
13.6. Helpr
13.7. Right at Home, LLC
13.8. Home Instead, Inc.
13.9. Lottie
13.10. Smart
13.11. Plentific
13.12. Other Prominent Players

14. Key Strategic Recommendations

15. Research Methodology

15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
15.2. Quantitative Research
15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
15.4. Breakdown of Primary Research Respondents, By Region
15.5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable