The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The decreasing household size coupled with a rapidly aging population are expected to drive innovation in services for the elderly and persons with disabilities manufacturing, thus driving the market during the forecast period.

The global services for the elderly and persons with disabilities market is expected to grow from $445.58 billion in 2022 to $476.91 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The global services for the elderly and persons with disabilities market size is expected to grow to $605.54 billion in 2027 at a CAGR of 6.2%.

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Global Services For The Elderly And Persons With Disabilities Market Segments Include:

• By Service Type: Institutional care, Adult Day-care, Home Care
• By Service Provider: Public Expenditure, Private Expenditure, Out-of-Pocket Spending
• By End-user: Elderly, Disabled adults
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global services for the elderly and persons with disabilities market in 2021.

Major Market Players in the services for the elderly and persons with disabilities market include CK Franchising Inc., Right at Home Inc., Home Instead Inc., Living Assistance Services, Brookdale Senior Living Inc.

Many companies across the globe are using robots to smoothen the transition of providing care facilities to elderly patients. For instance, Bright Cape, an Eindhoven-based company, has developed SARA, which stands for social and autonomous robotic health assistants. The project is part of the European EIT Digital Innovation Consortium and aims to reduce the workload in healthcare and improve the quality of treatment in general. Japan is installing robots in nursing homes, workplaces, and schools as its population ages and the labor force decline.

The Services For the Elderly And Persons with Disabilities Global Market Report 2023 provides a services for the elderly and persons with disabilities market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The services for the elderly and persons with disabilities market forecast analyzes services for the elderly and persons with disabilities market size, services for the elderly and persons with disabilities market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Services for the elderly and persons with disabilities refers to non-residential social assistance programs offered to improve the quality of life for the elderly, people with intellectual and developmental disabilities, and people with disabilities.

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