The overall elder care services market is estimated to be valued at US$ XX billion in 2017 and is slated to reach a market value nearly US$XX billion in the year end 2028.
The overall elder care services market is estimated to be valued at US$ XX billion in 2017 and is slated to reach a market value nearly US$XX billion in the year end 2028. This billion dollar market is projected to grow progressively at a CAGR of XX% during the assessment period.
The overall market is segmented into service type, financing source and region.
Based on service type, the market is sub-segmented into institutional care, home-based care and community-based care. The institutional care segment is projected to account for nearly 75% of revenue share of the market in 2028 and remain lucrative throughout the forecast period. However, by 2025, the community-based care remains the second leading sector to account for nearly 18% revenue share of the market.
Forecast by financing source
In terms of financing source, the overall market is sub-segmented into out-of-pocket spending, public expenditure and private source. The public expenditure majorly finances the overall elder care services market, exhibiting a CAGR of XX% during the assessment period. The out-of-pocket spending will remain the second most lucrative market by recording a CAGR of XX% growth during 2017–2028
Forecast by region
The global market is studied across the five prominent regions
The European market remains the leading market for the elder care services accounting for 37% revenue share of the market in 2017. North America is estimated as the second leading market accounting for around 30% of revenue share in the beginning of the forecast period. Although, the APAC market is projected to witness a CAGR of XX% as the emergent market throughout the projection period.