Brazil Elderly Care Market– Industry Trends and Forecast to 2025

  • Healthcare IT
  • Published Report
  • May 2018
  • North America
  • 55 Pages
  • No of Tables: 14
  • No of Figures: 8

Brazil Elderly Care Market, By Type({Home Care (Health Care, Non Medical Home Care), Adult Day Care, Institutional Care (Nursing Homes, Hospital Based, Assisted Living, Independent Senior Living)}), Product Type (Pharmaceuticals, Housing & Assistive Devices, Technology) – Industry Trends and Forecast to 2025

Brazil Elderly Care Market is expected to reach USD 93.7 Billion by 2025 from USD 61.5 Billion in 2017, at a CAGR of 5.5% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

The major factors driving the growth of this market are increase in geriatric population, rising patient pool for chronic illness in ageing population, rising awareness of home care setting devices, increasing healthcare spending public and private in developed economies, government initiatives to provide cost-effective medical treatment for ageing population, and favourable reimbursement policies. On the other hand low penetration rate for elderly care products and high cost of elderly care services and products may hinder the growth of the market are the factors which will boost the Brazil elderly care market.

Market Segmentation: Brazil Elderly Care Market

  • The Brazil elderly care market is segmented based on product type into two notable segments; pharmaceuticals and housing and assistive devices. The Brazil elderly care market is dominated by housing and assistive devices with 91.3% market share in 2017 and is expected to grow at the highest CAGR of 5.6% in the forecast period.
  • The Brazil elderly care market is segmented based on service into three notable segments; institutional care, homecare and adult day care. The homecare is sub segmented into health care, non-medical care. The healthcare segment is sub segmented into medical care, physiotherapy services, telehealth, palliative care and hospice care. The non-medical care segment is sub segmented into personal care, rehabilitation and others. In 2017, homecare market will dominate with 64.2% shares and will consume around USD 62.2 billion by 2025. It is growing at the highest CAGR of 5.9% in the assessment period.
  • The Brazil elderly care market is segmented based on application into nine notable segments; heart diseases, cancer, kidney diseases, diabetes, arthritis, osteoporosis, neurological, respiratory and others. In 2017, the heart diseases market is estimated to dominate market with 24.0% shares and will collect around USD 24.1 billion by 2025, rising with the CAGR of 6.4%.
  • The Brazil elderly care market is segmented based on mode of remuneration into three notable segments; government insurances, private insurances and out of pocket services. In 2017, government insurances market is expected to dominate market with 60.5% shares and is estimated to reach USD 57.73 million by 2025, growing with a CAGR of 5.7%.
  • Some of the major players operating in this market are Koninklijke Philips N.V., Right At Home, LLC., Profilico Group Ltd., Exceptional Living Center At Brazil and Intel Corporation among others.

Key Drivers: Brazil Elderly Care Market

The major factors driving the growth of this market are increase in geriatric population, rising patient pool for chronic illness in ageing population, rising awareness of home care setting devices, increasing healthcare spending public and private in developed economies, government initiatives to provide cost-effective medical treatment for ageing population, and favourable reimbursement policies. On the other hand low penetration rate for elderly care products and high cost of elderly care services and products may hinder the growth of the market are the factors which will boost the Brazil elderly care market.

Key Points: Brazil Elderly Care Market

Koninklijke Philips N.V. is going to dominate the Brazil elderly care market followed by Intel Corporation, Exceptional Living Center, Profilico Group Ltd.  And RIGHT AT HOME, LLC., among others.

  • The homecare segment is dominating the Brazil elderly care market with the market share 64.2%.
  • The telehealth segment is dominating the Brazil elderly care market with 20.1% market share, growing at the highest CAGR 7.1% in the forecast period 2018 to 2025.

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