Geriatric Care Services Market To Report Impressive Growth, Revenue To Surge To US$1,390.63 Billion by 2023

04-May-2018 | Zion Market Research

With the presence of a large pool of participants, the Global geriatric care services market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Genesis HealthCare Corp., Gentiva Health Services, Inc., GGNSC Holdings, Home Instead Senior Care Inc., and Kindred Healthcare Incorporation are some of the key vendors of geriatric care services across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the geriatric care services market study.

In a key event that can impact geriatric care services market gains, on September 4th 2018, NYU Meyers introduced a new initiative Aliviado, which is a resource for home health & hospice teams caring for dementia patients. Reportedly, the program is aimed at offering relief to patients affected due to dementia by assisting healthcare agencies and hospitals impart high-quality as well as compassionate care for patients.

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Browse the full "Geriatric Care Services Market by Service Type (Home Care, Adult Day Care, and Institutional Care): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2023" report at http://www.zionmarketresearch.com/report/geriatric-care-services-market
 

In yet another major breakthrough witnessed across geriatric care services market, in August 2018, Guangzhou city of China introduced smart technologies for enhancing healthcare services for old-age population of the region. Reports cite that the robot, which is embedded with facial recognition technology, can perform a physical examination as well as offer medical advice pertaining to user’s health requirements.

Global Geriatric Care Services Market

As estimated in this report, the global geriatric care services market stood at US$ 916.31 billion in 2017. Witnessing a tremendous rise during the period from 2017 to 2023, the revenue in this geriatric care services market is expected to reach US$1,390.63 billion by the end of the forecast period. The main types available in this geriatric care services market are home care, adult day care, and institutional care services. Among them, the demand for institutional care services is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

Meteoric Geriatric Population Rise To Favorably Leverage Market Value

 “Exponential rise in the geriatric population across the globe is anticipated to promote geriatric care services market trends over the years ahead,” says the author of this study. Apart from this, mounting need of personal care for elderly population affected due to chronic ailments is likely to boost geriatric care services market demand over the forthcoming years.

Long Term Presence Of Geriatric Care Services To Impel Regional Growth

Regionally, North America has been leading the worldwide geriatric care services market and is anticipated to continue on the dominant position in the years to come, states the geriatric care services market study. The long-term presence of geriatric care services along with existence of well-established medical & healthcare infrastructure is the main factor behind the dominance of the North America geriatric care services market. The high number of market players being headquartered in North America is another significant factor that is supporting this regional geriatric care services market.

The global geriatric care services market is segmented as follows:

By Product

  • Home Care
    • Health Care
    • Non-Medical Health Care
  • Adult Day Care
    • Health Care
    • Non-Medical Health Care
  • Institutional Care
    • Nursing homes
    • Hospital-based
    • Assisted living
    • Independent Senior Living

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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