Elderly Care market research report performs the methodical and comprehensive market research study that puts forth the facts and figures linked with any subject about Medical Devices industry. The report provides with the complete knowledge and information of rapidly changing market landscape, what is already there in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids in planning strategies with which business can outshine the competitors. A reliable Elderly Care report brings into focus plentiful of factors such as the general market conditions, trends, inclinations, key players, opportunities, and geographical analysis which all aids to take business towards the growth and success.
Elderly Care Market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.0% in the forecast period of 2020 to 2027 and expected to reach USD 1,944,028.05 million by 2027.
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The major players covered in the report are Right at Home, LLC, Koninklijke Philips N.V, BAYADA Home Health Care, Econ Healthcare Group, Home Instead, Inc., ORPEA GROUPE, St Luke’s Eldercare Ltd., Rosewood Care Group, Medtronic, Interim HealthCare Inc, United Medicare Pte Ltd., Trinity Health, Exceptional Living Centers, Amedisys, Living Assistance Services, Inc., ElderCareCanada, LHC Group, Inc., Encompass Health Corporation, Extendicare, Prolifico, FC Compassus LLC and other players on global level. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In November 2019, Amedisys has acquired Asana Hospice which will be targeted to close on January 1st, 2020. By this acquisition the company will enhance its service offering in the market.
Partnership, expansion and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for elderly care through expanded model range.
Global Elderly Care Market Scope and Market Size
Global elderly care market is segmented on the basis of product type, service and application. The growth among these segments helps you to analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the market is segmented into pharmaceuticals and housing and assistive devices. In 2020, housing and assistive devices is expected to dominate the growth of the elderly care market, due to the requirement of assistive devices in homecare of elderly patients and growing geriatric population; those are not capable of self-assistance fuels the growth of the market in the forecast period of 2020 to 2027.
- On the basis of service, the market is segmented into homecare, institutional care and adult day care. In 2020, homecare segment is expected to dominate elderly care market as homecare is designed in a way which enables comfort to aged patients and population and rising geriatric population globally is leading the growth of the market in forecast period of 2020 to 2027.
- On the basis of application, the market is segmented into heart diseases, respiratory, diabetes, osteoporosis, cancer, neurological, kidney diseases, arthritis and others. In 2020, heart diseases segment is expected to dominate the growth of the market due to the growing incidences of hyper tension, blood pressure, cardiovascular diseases amongst elderly patients, leading the growth of the market in the coming year.
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The study objectives of this report are:
- To analyze global elderly care status, future forecast, growth opportunity, key market and key players.
- To present the elderly care development in United States, Europe and China.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
- To define, describe and forecast the market by product type, market and key regions.
- The future aspects impacting the global elderly care market in every possible way are also further discussed in the report. The market providers compete on the basis of innovation, reputation, pricing, service, promotion and distribution. The elderly care market report has faced several phases after gathering the most important data from the research with facing the challenge of arranging it in a proper manner, which has made the analysis more efficient and effective.
Key Pointers Covered in the Elderly Care Market Industry Trends and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market by Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
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Sri Lanka Elderly Care Market Scenario
According to Data Bridge Market Research, the market for elderly care in Sri Lanka is growing with market leader such as ASIRI HEALTH which accounts an estimated market share of approximately 25%.
- In 2016, ASIRI HEALTH partnered with Doc990 joint venture with dialog. These joint venture partnerships helped both the organizations in expending their range of services in the healthcare sector.
Customization Available : Global Elderly Care Market
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