PUBLISHER: The Business Research Company | PRODUCT CODE: 1619392
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619392
Adult day care provides care and supervision for adults who need help with daily activities or some level of medical care but do not require full-time residential care. This service is commonly used by individuals with chronic illnesses, disabilities, or those who are elderly, as well as by people recovering from illness, surgery, or injury who need temporary care and therapy.
The main categories in the adult day care market include medical-focused, dementia-specific, respite care, recreational, and other types. Medical-focused adult day care centers offer specialized care and supervision for adults with chronic health conditions or disabilities. Services provided may include adult social day services, adult day healthcare services, and specialized day care services, with funding options from both private and public sources. The primary users of these services are the elderly, individuals with disabilities, and others in need of such care.
The adult day care market research report is one of a series of new reports from The Business Research Company that provides adult day care market statistics, including the adult day care industry global market size, regional shares, competitors with adult day care market share, detailed adult day care market segments, market trends, and opportunities, and any further data you may need to thrive in the adult day care industry. These adult day care market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The adult day care market size has grown strongly in recent years. It will grow from $15.91 billion in 2023 to $16.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth during the historic period can be attributed to the increasing need for transitional care, the shift from traditional to nuclear family structures, a rising demand for home and community-based care (HCBC), greater awareness about elderly care, and the expansion of adult care centers.
The adult day care market size is expected to see strong growth in the next few years. It will grow to $21.87 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period is driven by the rise in chronic conditions, increasing life expectancy, a growing global geriatric population, a demand for effective healthcare services for the elderly, and a rise in disorders such as dementia and Alzheimer's among the elderly. Key trends expected during this period include technological advancements, improvements in mental health solutions, innovative approaches to educating children, tailored care programs, and advancements in adult day care technologies.
The growing number of individuals with Alzheimer's disease is expected to drive the expansion of the adult day care market. Alzheimer's disease is a progressive neurological condition characterized by memory loss, cognitive decline, and difficulty in performing daily activities. This disease results from a combination of biological factors, including the buildup of amyloid plaques and tau tangles, genetic predispositions, inflammatory responses, and other elements that lead to the gradual loss of neurons and cognitive function. Adult day care services support individuals with Alzheimer's by offering structured activities, specialized care, and social interaction in a secure environment, helping to manage symptoms, improve quality of life, and assist caregivers. For example, the Office for National Statistics Census in May 2024 reported that dementia and Alzheimer's disease were the leading causes of death in England and Wales in 2023, with 66,876 deaths (11.5%), an increase from 65,967 deaths (11.4%) in 2022. This rising prevalence of Alzheimer's disease is fueling the growth of the adult day care market.
Leading companies in the adult daycare market are offering innovative services that incorporate memory care therapies to improve the quality of life for seniors. These services use personalized methods and therapeutic activities designed to boost cognitive function, emotional well-being, and social interaction for individuals with memory impairments. For example, in December 2022, Town Square Sandy Springs, a U.S.-based adult day center, launched a unique Town Square adult daycare and memory care facility. This center, themed around the 1950s, is specifically designed to engage seniors, especially those with memory issues. Town Square Sandy Springs offers customized care plans and therapeutic activities focused on improving cognitive abilities and emotional health. By incorporating reminiscence therapy and fostering social connections, the center builds a supportive community for older adults, enhancing their overall well-being and happiness.
In February 2024, HICA Group, a UK-based non-profit organization specializing in care for older individuals and those with learning disabilities, acquired Swan House Day Centre for an undisclosed amount. This acquisition is part of HICA's strategy to broaden its care services. The Bridlington Adult Care Center will continue to deliver high-quality care under HICA's management, with the goal of enhancing support and services for its residents. Swan House Day Centre is a UK-based facility that provides daily care and support services.
Major companies operating in the adult day care market are Orpea Group, Home Instead Inc., Trinity Health Corporation, Koninklijke Philips N.V., Encompass Health Corporation, Bayada Home Health Care Inc., Interim HealthCare Inc., Brookdale Senior Living Inc., BrightStar Care, Amedisys Inc., LHC Group Inc., FC Compassus LLC, Extendicare Inc., Exceptional Living Centers, Age U.K., Rosewood Care Group, St Luke's ElderCare Ltd., Living Assistance Services Inc., Caring People Inc., Right at Home LLC, Senior Care Centers of America, Ascension Living Saint Joseph, SH Town Square Franchising Inc., United Medicare Pte Ltd
North America was the largest region in the adult day care market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the adult day care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the adult day care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The adult day care market includes revenues earned by entities by providing services such as supervised activities, social interaction, basic health services, therapeutic activities, meals, personal care, transportation, and support for daily living activities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Adult Day Care Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on adult day care market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for adult day care ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The adult day care market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.