Global Services For The Elderly And Persons With Disabilities Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Services For The Elderly And Persons With Disabilities Market Report by The Business Research Company covers services for the elderly and persons with disabilities market drivers and restraints, services for the elderly and persons with disabilities market size, major players, and the impact of COVID-19 on the services for the elderly and persons with disabilities market.
The services for the elderly and persons with disabilities market consists of the revenues from such services and related goods by entities (organizations, sole traders and partnerships) that provide nonresidential social assistance services to improve the quality of life for the elderly, people diagnosed with intellectual and developmental disabilities, or people with disabilities.
The global services for the elderly and persons with disabilities market reached a value of nearly $ 335,878.8 million in 2020, having increased at a compound annual growth rate (CAGR) of 4.4% since 2015. The market is expected to grow from $ 335,878.8 million in 2020 to $ 558,758.4 million in 2025 at a rate of 10.7%. The market is then expected to grow at a CAGR of 8.5% from 2025 and reach $ 842,039.8 million in 2030.
Rapid growth in the geriatric population is expected to drive the demand for elderly care services during the forecast period. The older population is prone to many physical disorders that increases the demand for patient handling equipment. The proportion of people above the age of 65 years is expected to increase globally and with it, age-related neurological disorders are also expected to increase. For example, the old population percentage is expected to grow from 28% in 2019 to 38% in 2050 in Japan. Therefore, the rise in the geriatric population would lead to an increase in the demand for patient handling equipment thereby boosting the market for patient handling equipment during the forecast period.
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Some services for the elderly and persons with disabilities market trends include adopting the latest technologies to enhance service quality being offered to senior citizens. They are widely using technologies such as wearable devices and geo-fencing. Sensors, voice activation, GPS, Bluetooth, and smartphone monitoring apps help in low-cost and efficient monitoring of customers. Moreover, the elderly population is preferring virtual senior centers during the COVID-19 pandemic due to the fear of being infected with the virus. This has resulted in an increase in demand for social assistance services through virtual senior centers. Virtual senior centers offer social assistance services to the elderly population through phone and other digital devices and platforms.
Global services for the elderly and persons with disabilities market segments include:
1) By Type Of Service: Institutional care, Adult day care, Home care
2) By End User: Disabled Adults, Elderly
3) By Service Provider: Public Expenditure, Private Expenditure, Out-of-Pocket Spending
4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Services For The Elderly And Persons With Disabilities Opportunities And Strategies: Forecast To 2030:
The Services For The Elderly And Persons With Disabilities Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides services for the elderly and persons with disabilities market overviews, analyzes and forecasts market size, share, services for the elderly and persons with disabilities market players, services for the elderly and persons with disabilities market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The services for the elderly and persons with disabilities identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Services For The Elderly And Persons With Disabilities Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: CK Franchising Inc., Home Instead Inc., SF Health, 24 Hour Home Care, Living Assistance Services
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Services For The Elderly And Persons With Disabilities Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Services For The Elderly And Persons With Disabilities Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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