Middle East & Africa 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), Country (South Africa, Rest of Middle East & Africa) Market Trends and Forecast to 2027
Market Analysis and Insights: Middle East and Africa Elderly Care Market
Elderly care market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.4% in the forecast period of 2020 to 2027 and expected to reach USD 48,468.86 million by 2027. Rising in ageing population is one of the major factors for the market growth.
Home healthcare provides services of both nursing homes and home care facilities. Home care is more beneficial for the elder people as it can be done at home itself; hence its demand is higher amongst the increasing elderly population.
For instance, according to United Nation, the elder population aged 60 years or more than that will be 225.8 million in Africa by 2050. Growth in the number of older persons will require more care especially people suffering from chronic diseases such as diabetes, cardiovascular disease and many others. The elderly care services can be provided at home where elder people get the benefits of it, due to its benefit its demand may increase.
This elderly care market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Middle East & Africa Elderly Care Market Scope and Market Size
Middle East & Africa elderly care market is segmented on the basis of product type, service and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the market is segmented into pharmaceuticals and housing and assistive devices. In 2020, housing and assistive devices is expected to dominate the growth of the elderly care market, due to the requirement of assistive devices in homecare of elderly patients and growing geriatric population; those are not capable of self-assistance fuels the growth of the market in the forecast period of 2020 to 2027.
- On the basis of service, the market is segmented into homecare, institutional care and adult day care. In 2020, homecare segment is expected to dominate Elderly Care Market as homecare is designed in a way which enables comfort to aged patients and population and rising geriatric population in the Middle East & Africa Countries leading the growth of the market in forecast period of 2020 to 2027. For instance, according to United Nation, number of elder population will be 225.8 million in Africa by the year 2050.
- On the basis of application, the market is segmented into heart diseases, respiratory, diabetes, osteoporosis, cancer, neurological, kidney diseases, arthritis and others. In 2020, heart diseases segment is expected to dominate the growth of the market due to the growing incidences of hyper tension, blood pressure, cardiovascular diseases amongst elderly patients, leading the growth of the market in the coming year.
Elderly Care Market Country Level Analysis
Middle East & Africa elderly care market is analysed and market size information is provided by country, product type, service and application as referenced above.
The countries covered in elderly care market report are South Africa and Rest of Middle East & Africa.
South Africa is dominating the elderly care market as its demand is higher among geriatric population based in South Africa. Due to its high demand, organizations are increasing in number in order to provide benefits of its services among people. For instance, Care Co South Africa (PTY) Ltd provides home-based care, nursing care, respite care and many others.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Strong Investment in Research and Development Activities and New Technology Penetration
Middle East & Africa elderly care market also provides you with detailed market analysis for every country growth in medical device industry with elderly care sales, components sales, impact of technological development in elderly care services and changes in regulatory scenarios with their support for elderly care market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Elderly Care Market Share Analysis
Middle East & Africa elderly care market competitive landscape provides details by 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, application dominance. The above data points provided are only related to the companies’ focus related to Middle East & Africa elderly care market.
The major players covered in the report are Right at Home, LLC, Koninklijke Philips N.V, Bayada Home Health Care, Econ Healthcare Group, Home Instead, Inc., Orpea Groupe, 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., Elder CareCanada, LHC Group, Inc., Encompass Health Corporation, Extendicare, Prolifico, FC Compassus LLC among other players in Middle East & Africa. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In June 2019, Home Instead, Inc. Senior Care was awarded with two public relations society of America National Silver Anvil awards for a campaign known as unretire yourself which has encouraged the older adults to follow their passion in achieving its post-retirement career. This award has helped the company to enhance its recognition in market.
Partnership, expansion and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for elderly care through expanded model range.
Customization Available : Middle East and Africa Elderly Care Market
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