Geriatric Care Services Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[155+ Pages Report] According to the report published by Facts Factors, the global geriatric care services market size was worth around USD 300 billion in 2022 and is predicted to grow to around USD 485 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.10% between 2023 and 2030. The report analyzes the global geriatric care services market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the geriatric care services market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the North America Geriatric Care Services industry. The report analyzes and declares the historical and current trends analysis of the North America Geriatric Care Services industry and subsequently recommends the projected trends anticipated to be observed in the North America Geriatric Care Services market during the upcoming years.

The north america geriatric care services market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire North America Geriatric Care Services market. The historical and past insights are provided for FY 2020 to FY 2022 whereas projected trends are delivered for FY 2023 to FY 2030. The quantitative and numerical data is represented in terms of value (USD Bllion) from FY 2020 – 2030.

Key Insights from Primary Research

• According to the primary CXOs of the global North America Geriatric Care Services market, the market is estimated to witness a substantial growth of nearly 7.10% over the forecast period.
• The market was valued at USD 300 billion, in 2022 and is expected to be valued at over USD 485 billion, by 2030
• On the basis of the product segment, Surface Sterilization dominated the global North America Geriatric Care Services market in 2022. In terms of revenue, it accounted for more than a 6.49% share of the total market in 2022.
• The U.S. market is expected to be the fastest goring region for North America Geriatric Care Services over the forecast period owing to faster industrialization.
• By geography, the North American region headed the market with a share of above 33%, in 2019.

Key Recommendations from Analysts

• The higher prevalence of North America Geriatric Care Services, technological advances, and government initiatives are major factors that are expected to drive North America Geriatric Care Services in the near future.
• The strategic developments such as regional expansion, product innovations and ongoing research and developments by the major companies such as Genesis Healthcare Corp, OneExchange & Cigna, Gentiva Health services, and Aetna is likely to boom the market’s growth over the up-coming years.
• Our analysts recommend that the U.S. is predicted to witness significant growth attributed to the growing demand for North America Geriatric Care Services.    
• Expansion of food and beverages industries especially in an emerging market is anticipated to fuel the demand for North America Geriatric Care Services in the developing regions over the forthcoming years.
• Strengthening the distribution channel and growing availability of North America Geriatric Care Services online may also help the major player to cater to the lucrative growth of the market over the years to come.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the North America Geriatric Care Services industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the North America Geriatric Care Services industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the North America Geriatric Care Services market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the North America Geriatric Care Services industry. The North America Geriatric Care Services market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the North America Geriatric Care Services sector. Key strategic developments in the North America Geriatric Care Services market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the North America Geriatric Care Services market are appropriately highlighted in the report.

The North America Geriatric Care Services market research report delivers an acute valuation and taxonomy of the North America Geriatric Care Services industry by practically splitting the market on the basis of different types, categories, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2023 to FY 2030.

Report Scope

The regional segmentation of the North America Geriatric Care Services industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the North America Geriatric Care Services industry is provided for the leading economies of the world.

The main driver of the increasing global demand for geriatric care services is the ever-increasing population of geriatricians. Due to lower water content, spinal processes, and other soft tissues are susceptible to strain with increasing age. It causes joints to be cushioned in tandem with other health problems. In turn, the heart, kidneys, lungs, and other organs of the body are becoming low, increasing the demand for nursing services. Volatile reimbursement schemes, however, may be a significant factor that hinders overall business growth. Increased numbers of professional women are also increasing the demand for effective senior care services, especially in the United States.

The North America Geriatric Care Services market is segmented based on type, and region. Based on type, the market is segmented into Home Care, Adult Care, Institutional Care, and Other.

Some of the essential players operating in the North America Geriatric Care Services market, but not restricted to include

• Genesis Healthcare Corp
• OneExchange & Cigna
• Gentiva Health services
• Aetna
• Colonial Life
• MetLife Inc.
• Home Instead Senior Care Inc.
• Aflac
• AXA

The taxonomy of the North America Geriatric Care Services industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

Home Care

Adult Care

Institutional Care

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa