Aged Care Market to See Spectacular Growth of $2,357,746.52 Million by 2029 at Excellent CAGR of seven.0%

Aged Care Market

NEW YORK, UNITED STATES, Aug. 30, 2022 / — Data Bridge Market Research released latest Global Elderly Care Market study with an in-depth analysis of Current Scenario, Market Size, Demand, Growth Patterns, Trends, and Forecast. The study encompasses a well-crafted, comprehensive examination of this industry along with key parameters that could most likely have an impact on the commercialization matrix of the market. This report provides global market size, demand, consumption, price, import, export, macroeconomic analysis, type and application segment information by region including Europe, North America, Middle East & Africa and South America. Industry chain analysis, raw materials, and end user information are also included in this Elderly Care report.

Global Elderly Care Market is anticipated to pick up growth during the forecast period, 2022-2029. Data Bridge Market Research analyzes that the market will grow at a CAGR of 7.0% during the forecast period from 2022 to 2029 and is expected to reach USD 2,357,746.52 million by 2029.

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The world-class Elderly Care Market analysis report empowers the marketer to keep up with the changing environment. Increasing competition, rapid technological developments, ever-changing consumer attitudes, changing tastes and preferences are some of the important factors that require changes in the approach to the markets from an international marketer. The top notch Senior Care business report helps a company identify the issues and opportunities in the area. By developing an appropriate strategy, a marketer can successfully overcome the problems and capitalize on the opportunities for the business.

Market overview:

Elderly care is known as elder care, which includes meeting all the needs of elders at different stages. It includes products and services that make the daily activities of older people simple and easy. The need for elder care increases with age as older people need both physical and emotional support to lead productive, healthy and independent lives. Aged care services include assisted living, adult day care, long term care, short term care, hospice and home care.

In the developed nations, elderly care services are in high demand and with the growing medical science technology, the developing countries are also opting for these services. Aged care services are divided into medical and non-medical services. Medical services are primarily offered to elders after surgery or injury, while emotional problems or neurodegenerative diseases include both medical and non-medical services.

The latest development

According to TechCrunch, Webrock Ventures and Heathforce partnered in June 2021 to launch telemedicine products in South Africa. The new company has not yet been given a name and the primary focus is to offer patients on-demand and scheduled consultations with nurses, mental health professionals and doctors. The Company has closed a $3 million Pre-Series A round

In April 2021, according to TechCrunch, Quro Medical, a health tech startup in South Africa that offers home services to treat sick patients in their homes to give them the utmost comfort and reduce the risk of infection, had closed a $1.1 million round investment . The round was led by Enza Capital and Mohau Equity Partners. The company aims to provide acute patient care at home to improve the patient experience

Some of the major players in the aged care market are

LHC group
Encompass Health Corporation
Amedisys, Royal Philips NV
Exceptional residential centers
trinity health
Right at Home, LLC
FC Compassus LLC
Instead go home
interim health care
Housing Assistance Services
BAYADA Home Health Care

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The growing elderly population is expected to act as a driver for aged care services. The change in the economy and in the social environment has increased the demand for care stores. A growing number of older people is putting pressure on the younger generation to look after older family members while they work. Hence the need for aged care services. It is divided into short-term services and long-term services. Short-term services help carry out basic daily activities, while long-term services focus on the residential facilities. Long-term service requires medical assistance and day care.


heart diseases
kidney diseases

The report provides insights into the following indications:

Market Penetration: Comprehensive information on the product portfolios of the top players in the aged care market.

Product Development/Innovation: In-depth insights into upcoming technologies, R&D activities and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading market players.

Market Development: Comprehensive information on emerging markets. This report analyzes the market for different segments in different regions.

Market Diversification: Comprehensive information on new products, untapped geographies, recent developments and investments in the Elderly Care market.

Strategic Points Covered in Global Senior Care Market TOC :

Chapter 1: Introduction, the basic information of the global Nursing Care market and product overview

Chapter 2: Study Objective and Research Scope of Elderly Care Market

Chapter 3: Dynamics of Aged Care Market – Driving Growth Factors, Disruptive Forces, Trends, and Challenges and Opportunities

Chapter 4: Market Factor Analysis, Aged Care Market Value Chain, PESTEL & PORTER Model, Market Entropy, Patent/Trademark Analysis

Chapter 5: Player Analysis; Competitive Landscape, Geriatric Care Market Peer Group Analysis, Strategic Group Analysis, Perpetual Mapping, BCG Matrix and Company Profiling

Chapter 6: Showing Market Revenue Size by Type, Application/Industry or End-Users, Other Segments

Chapter 7: Evaluation of the market by country, further broken down by country

Chapter 8: Research Methodology

Chapter 9: Data Source

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The investment made in the study gives you access to information such as:

Aged Care Market [Global – Broken-down into regions]
Allocation at regional level [North America, Europe, Asia Pacific, South America, Middle East & Africa]
Market size breakdown by country [of important countries with major market share]
Market share and sales/sales by leading players
Market Trends – Emerging Technologies/Products/Startups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
market size)
Market size by application/industry sectors
Market Forecasts/Forecast

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August 30, 2022 at 08:33 GMT

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