North America Elderly Care Market is growing with 7.1% in the Forecast Period of 2020 to 2027

The Elderly Care Industry will relinquish an approximated estimate at a frequency of 7.1% for the projection space of 2020 to 2027 with factors such as high prevalence of disorders in elderly patients. The increasing awareness of elderly care services in North America also acts as a major factor for the growth of the elderly care market. Technological advancement has also given a boom to the elderly care market.

Increasing awareness about elderly care services has propelled the demand of the elderly care market. However, low penetration rate of elderly care products has decreased the demand of the elderly care market.

North America Elderly Care Market Scenario                            

According to Data Bridge Market Research, the market for elderly care in U.S. is expected to dominate with the market leader namely Hope Hermiatge which accounts an estimated market share of approximately 15% to 20%. The company has gained outstanding sales through their wide range of elderly care treatment that have wide range of applications in various sectors.

  • In January 2019, Koninklijke Philips N.V. has launched an app-based hub for its senior caretaking products. This new app platform being incorporated by the company leads to an enhancement of company’s senior care products into a single digital ecosystem for family caretakers. With this product launch, the company has enhanced their product which ultimately leads in increase in customer base.

North America Elderly Care Market

Trends Impacting the Elderly Care Market

North America elderly care market is becoming more competitive every year with companies such as Hope Hermitage, Koninklijke Philips N.V., and Medtronic as these players offer wide range of solutions or the services for patients in elderly care market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the North America elderly care market.

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Elderly Care Market Development

  • In November 2017, Koninklijke Philips N.V. has expanded its healthcare home services sector which is involved in providing extensive services and high-quality health care facilities at home. This expansion has led to an increase in patient base in both non-chronic and chronic care segments. This new area of services also involved post-operative care, drug infusion therapies, elderly care among others. With this expansion, the company has increased its customer base as well as enhanced their revenue generation.

Scope of the North America Elderly Care Market

All country based analysis of elderly care market is further analyzed based on further segmentation. North America elderly care market is segmented based on product type into pharmaceuticals and housing and assistive devices. North America elderly care market is segmented based on service into institutional care, homecare and adult day care. North America elderly care market is segmented based on application into heart diseases, cancer, kidney diseases, diabetes, arthritis, osteoporosis, neurological, respiratory and others.

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Key Pointers Covered in North America Elderly Care Market Industry Trends and Forecast to 2027

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market Value and Over View of Elderly Care Market
  • Company Profiling of Players of Elderly Care Market

Key Market Competitors Covered in the Report

  • Right at Home, LLC
  • Koninklijke Philips N.V
  • BAYADA Home Health Care
  • Econ Healthcare Group
  • Home Instead, Inc.
  • St Luke’s Eldercare Ltd.
  • Rosewood Care Group
  • Medtronic
  • Interim HealthCare Inc
  • United Medicare Pte Ltd.
  • Trinity Health
  • Exceptional Living Centers
  • Amedisys
  • Living Assistance Services, Inc.
  • ElderCareCanada
  • LHC Group, Inc.
  • Encompass Health Corporation
  • Prolifico
  • FC Compassus LLC

Above are the key players covered in the report, to know about more and exhaustive list of elderly care companies’, contact us

Research Methodology: North America Elderly Care Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Nurses, Service Providers, Industry Professionals

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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