Brazil Elderly Care Market, By Product Type (Pharmaceuticals, Housing, and Assistive Devices), Service (Homecare, Institutional Care, and Adult Day Care), Application (Heart Diseases, Respiratory, Diabetes, Osteoporosis, Cancer, Neurological, Kidney Diseases, Arthritis, and Others) - Industry Trends and Forecast to 2030.
Brazil Elderly Care Market Analysis and Size
Rising chronic illness in the elderly population, growing geriatric population, and increased awareness of elderly care among people will likely accelerate the growth of the elderly care market in the forecast period of 2023-2030. Due to changes in lifestyle, old people are now inclined towards elderly care, which provides multiple benefits such as home care, nursing care, and others.
Increasing demand for residential care facilities for the elderly with chronic illnesses such as dementia and Alzheimer's will most likely impede the growth of the elderly care market during the forecast period.
Data Bridge Market Research analyses that the Brazil elderly care market, which was USD 82,651.32 million in 2023, would rocket up to USD 124,441.26 million by 2030 and is expected to undergo a CAGR of 8.0% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Brazil Elderly Care Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Pharmaceuticals, Housing, and Assistive Devices), Service (Homecare, Institutional Care, and Adult Day Care), Application (Heart Diseases, Respiratory, Diabetes, Osteoporosis, Cancer, Neurological, Kidney Diseases, Arthritis, and Others)
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Countries Covered
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Brazil
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Market Players Covered
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Koninklijke Philips N.V (Netherlands), BAYADA Home Health Care (U.S.), Econ Healthcare Group (Singapore), Home Instead, Inc. (U.S.), ORPEA GROUPE (France), St Luke’s Eldercare Ltd. (Singapore), Right at Home, LLC (U.S.), Rosewood Care Group (Australia), Single Care (Brazil), Caregiverlist, Inc. (Brazil) among others
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Market Opportunities
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Market Definition
Elder care, also known as eldercare, is a service that caters to the needs and desires of senior citizens. It includes assisted living, adult day care, long-term care, nursing homes (residential care), hospice care, and home care. It includes a wide range of practices and institutions due to the wide variety of elderly care needs and cultural perspectives on the elderly.
Brazil Elderly Care Market Dynamics
Drivers
- Rising urbanization
The migration of the population from rural to urban areas has led to changes in family structures, making it more challenging for families to provide in-home care for elderly relatives. This drives the demand for professional elder care services.
- Increased awareness about home care services providing companies
The general population in Brazil is becoming more aware of the benefits and importance of specialized elder care services, leading to an increased acceptance and demand for such services.
Opportunity
- Specialized care facilities provided by elder care companies
Establishing specialized care facilities catering to specific needs, such as memory care units or rehabilitation centers, can address the unique challenges faced by elderly individuals with specific conditions or requirements.
Restraint/Challenge
- Limited infrastructure
Brazil may face inadequate infrastructure and facilities to meet the increasing demand for elder care services. Insufficient nursing homes, assisted living facilities, and healthcare centers can impede the market’s growth.
This Brazil elderly care market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Brazil elderly care market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In May 2022, Sol Group announced that it had entered into a partnership with Palomba Holding for the home care business in Brazil
Brazil Elderly Care Market Scope
The Brazil elderly care market is segmented on the basis of product type, service, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Pharmaceuticals
- Housing
- Assistive Devices
Service
- Homecare
- Institutional Care
- Adult Day Care
Application
- Heart Diseases
- Respiratory
- Diabetes
- Osteoporosis
- Cancer
- Neurological
- Kidney Diseases
- Arthritis
- Others
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The Brazil elderly care market also provides you with a detailed market analysis for every country’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the elderly care market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the market. The data is available for the historic period 2015-2020.
Competitive Landscape and Elderly Care Market Share Analysis
The Brazil elderly care market competitive landscape provides details of competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the Brazil elderly care market are:
- Koninklijke Philips N.V (Netherlands)
- BAYADA Home Health Care (U.S.)
- Econ Healthcare Group (Singapore)
- Home Instead, Inc. (U.S.)
- ORPEA GROUPE (France)
- St Luke’s Eldercare Ltd. (Singapore)
- Right at Home, LLC (U.S.)
- Rosewood Care Group (Australia)
- Single Care (Brazil)
- Caregiverlist, Inc. (Brazil)
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