North America Elderly Care Market – Industry Trends and Forecast to 2025

  • Healthcare IT
  • Published Report
  • Jul 2018
  • North America
  • 135 Pages
  • No of Tables: 25
  • No of Figures: 55

North America 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), By End Users (Hospitals, Specialized Surgical Centres), By Geography (U.S., Canada, Mexico) – Trends and Forecast to 2025

North America Elderly Care Market is expected to hold the leading market share in the forecast period of 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: North America Elderly Care Market

  • The North America 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 .
  • The North America 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 North America 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 Country, the market is segmented into 3 countries, U.S., Canada and Mexico

Key Drivers: North America 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: North America Elderly Care Market

In 2017, the North America elderly care market is dominated by Right at Home, LLC. with the market share of 22.5%, followed by BAYADA Home Health Care. 17.6%, Interim HealthCare Inc. 13.8% , Koninklijke Philips N.V. 7.8% , LHC Group, Inc.  6.9%, Brookdale Senior Living Solutions 5.7% and others 25.7%

  • The housing and assistive devices segment is dominating the North America elderly care market.
  • Homecare segment is expected to grow with the highest CAGR of 6.7% in the forecast period 2018 to 2025.

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