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Geriatric Care Services Market Size to exceed $1,101 Billion by 2023: Global Market Insights, Inc.

Market Size - $684 Billion in 2015, Market Growth - CAGR of 6.2%, Market Trends – Growing demand for long term care facilities among elderly people

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Geriatric Care Services Market Size to exceed $1,101 Billion by 2023: Global Market Insights, Inc.

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  1. Geriatric Care ServicesMarket 2016 – 2023

  2. Global Market Scenario of Geriatric Care Services • Geriatric care services market size was valued at USD 725.5 billion in 2016, with forecast target exceeding USD 1,101 billion by 2023, at over 6.2% CAGR. • The dramatic increase in average life expectancy within the older population and rising number of long term care facilities are pivotal factors attributing to the growth of the geriatric care services market size in the coming years According to United Nations data, global geriatric population is expected to more than double by 2050 to reach an estimated population of over 2,000 million from 809.4 million in 2012. • The oldest old population (80 Years or more) is expected to reach nearly 190.44 million by 2022, from 113.36 million in 2012 (Source: United Nations Statistics). • https://www.gminsights.com/industry-analysis/geriatric-care-services-market

  3. Continue..... • This tremendous rise in geriatric population along with availability of various care homes, day care centers, home care, and geriatric care services establishments are expected to further boost the growth of this market • This increase in number of oldest olds, has given rise to various medical conditions such as cardiovascular, neurological, orthopedic, and respiratory disorders. • The number of elderly population living independently, hence resorting to geriatric care services is also on rise, which is expected to surge the market demand over the forecast period. • https://www.gminsights.com/industry-analysis/geriatric-care-services-market

  4. North America geriatric care services market size, by country, 2016-2023 (USD Billion) https://www.gminsights.com/industry-analysis/geriatric-care-services-market

  5. 360° Analysis • Application Analysis • Institutional care services and home care services are the predominant market segments in 2016, with a revenue share of 40%, and 41% respectively. Institutional care services market is driven by the presence of favorable reimbursements in the form of Medicaid, provided by states according to the federal requirement. • Regional Analysis • North America is the largest revenue puller in the overall geriatric care services market targeted to exceed USD 300 billion in 2016, making it the largest regional market. • This should drive APAC geriatric care services market size, to reach up to USD 248 billion by 2023, registering highest CAGR of 8.5% during the forecast period. • Competitive Market Share • Global geriatric care services market share is highly fragmented garnered by number large and small companies. The top players in this market include Brrokdale Senior Living, Kindred Healthcare, Senior Care Centers of America, and Genesis Healthcare Corp. among others.

  6. Latest Research Report On Geriatric care servicesMarket@ https://www.gminsights.com/industry-analysis/geriatric-care-services-market Download Latest Report PDF @ https://www.gminsights.com/request-sample/detail/433

  7. Stay In Touch You can visit us at: www.gminsights.com

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