Global Elderly Care Market, By Product Type (Pharmaceuticals, Housing and Assistive Devices), Service (Institutional Care, Homecare, Adult Day Care), Application (Heart Diseases, Cancer, Kidney Diseases, Diabetes, Arthritis, Osteoporosis, Neurological, Respiratory and Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)- Industry Trends and Forecast to 2025
Global Elderly Care Market is expected to register a healthy CAGR 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.
Prominent factors driving the growth of this market consist of rising patient pool for chronic illness in ageing population, rising awareness of home care services, increasing geriatric population, Insurance coverage and government initiatives to provide cost-effective medical treatment for ageing population.
Market Segmentation: Global Elderly Care Market
- The global elderly care market is segmented based on products type into two segments; housing and assistive devices and pharmaceuticals. In 2018, housing and assistive devices products segment is valued to rule with the highest market share 2025, rising at the highest CAGR of 6.6%.
- The global elderly care market is segmented in service into homecare, institutional care and adult day care. In 2018, homecare segment is valued to rule with the highest market shares by 2025, rising at the highest CAGR.
- Homecare is further sub segmented into health care, non-medical care. Healthcare is segmented into medical care, physiotherapy services, telehealth, palliative care and hospice care. Non-medical is segmented into personal care and rehabilitation others. Institutional care is segmented into hospital based, independent senior living, assisted living and nursing home.
- The global elderly care market is segmented in Application into heart diseases, respiratory, diabetes, osteoporosis, cancer, neurological, kidney diseases, arthritis and others. In 2018, heart diseases segment is valued to rule with highest market shares and rising at the highest CAGR.
- Based on geography, the market is segmented into 5 geographical regions
- North America,
- Europe,
- Asia-Pacific,
- South America
- Middle East and Africa.
Key Drivers: Global Elderly Care Market
Prominent factors driving the growth of this market consist of rising patient pool for chronic illness in ageing population, rising awareness of home care services, increasing geriatric population, Insurance coverage and government initiatives to provide cost-effective medical treatment for ageing population.
Key Points: Global Elderly Care Market
In 2017, the global elderly care market is dominated by OMRON HEALTHCARE Co., Ltd. with market share of 22.1%, followed by Koninklijke Philips N.V. 17.5%, Air Liquide 17.9%, B. Braun Melsungen AG 13.0%, and others 29.6%.
- The products segment is dominating the global elderly care market.
- Products segment is expected to grow with the highest CAGR in the forecast period 2018 to 2025.
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