An excellent Elderly Care Market research report provides clients with the information on their business scenario with which they can build business strategies to thrive in the market. This makeover can be subjected to the moves of key players or brands which include developments, product launches, joint ventures, mergers and acquisitions that in turn change the view of the global face of the industry. According to this market report, the global market is anticipated to observe a moderately higher growth rate during the forecast period. Elderly Care Market report also covers strategic profiling of the major players in the market, all-inclusive analysis of their basic competencies, and hence keeps competitive landscape of the market in front of the client.
The large scale Elderly Care Market report makes customers or other market participants aware of the problems they may face while operating in this market over a longer period of time. It generally includes major manufacturers, suppliers, distributors, traders, customers, investors, major types, and major applications. The data gathered to prepare this report is based on the data collection modules with large sample sizes. With Elderly Care Market report study, businesses can know about the key opportunities in the market and influencing factors which is useful to take business to the highest level.
The global elderly care market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.0% in the forecast period of 2022 to 2029 and is expected to reach USD 2,357,746.52 million by 2029.
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Market Definition
Global Elderly Care Market is referred to as senior care, which includes meeting all the requirements of senior citizens at different stages. It includes products and services that make the daily activities of aged people simple and easy. The need for elderly care increases with the growing age as aged people require physical as well as emotional assistance to lead a productive, healthy, and independent life. Eldercare services include assisted living, adult day care, long-term care, short-term care, hospice, and home care.
Some of the major players operating in the elderly care market are LHC Group, Inc., Encompass Health Corporation, EXTENDICARE, Amedisys, Koninklijke Philips N.V., Medtronic, ORPEA GROUPE, Exceptional Living Centers, Trinity Health, Right at Home, LLC, FC Compassus LLC, Home Instead, Inc., Interim HealthCare Inc., Living Assistance Services, BAYADA Home Health Care, and others.
Post COVID-19 Impact on Global Elderly Care Market
The COVID-19 has affected the market to some extent. Due to lockdown, the admission of the elderly was halted as well as the demand from the health care services also decreased, which has affected the market. Post-Covid, the demand for elderly care is increased due to changes in regulations and preventive measures, and others.
Recent Development
- In June 2021, according to TechCrunch, Webrock Ventures and Helathforce partnered to launch telehealth products in South Africa. The new venture has not been given a name yet, and the main focus is to offer on-demand and scheduled consultations to patients with nurses, mental health professionals, and practitioners. The venture has closed a USD 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 manage ill patients in their homes to provide them the utmost comfort as well as to reduce the risk of infection, had closed a USD 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
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Elderly Care Market Landscape
Part 04: Global Elderly Care Market Sizing
Part 05: Global Elderly Care Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Get the Full Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-elderly-care-market
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