An international North America Elderly Care market research report contains high level analysis of major market segments and recognition of opportunities in the North America Elderly Care industry. Experienced and innovative industry experts estimate strategic options, figure out winning action plans and help out businesses make critical bottom-line decisions. Precious market insights with the new skills, latest tools and innovative programs can be achieved via this report which helps them accomplish business goals. Competitive analysis studied in North America Elderly Care market report assists to get ideas about the strategies of key players in the market.
The North America 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 7.1% in the forecast period of 2022 to 2029 and is expected to reach USD 1,155,255.03 million by 2029.
North America Elderly Care Market Scenario
North America Elderly Care Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The data points provided are only related to the company’s focus related to North America Elderly Care market. Leading global North America Elderly Care market players and manufacturers are studied to give a brief idea about competitions.
In developed nations, elderly care services are in high demand, and with growing medical science technology, the developing nations are also opting for these services. Elderly care services are divided into medical and non-medical services. After surgeries or any injuries, the services offered to the elders are mainly medical, while emotional problems or neurodegenerative disease include both medical and non-medical services.
North America Elderly Care Market Dynamics
- Increasing Geriatric Population: The proportion of aged people (people aged 60 and over) is increasing worldwide. The geriatric population has more health issues where home healthcare provides services to provide better treatment among patients. Thus, the increase in the geriatric population globally is helping the elderly care market to grow.
- Increasing Cases of Chronic Disease: The burden of chronic diseases such as diabetes, cardiovascular diseases, obesity, cancer, osteoporosis, and dental diseases has increased worldwide. These diseases can be prevented with proper treatment, diet, and nutrition, along with proper suggestions from doctors. But in recent times, the treatment can also be taken by sitting at home with the help of home healthcare services in which one does not need to visit hospitals.
Following Manufacturers Are Covered In This Report:
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, ElderCareCanada, among others
Global North America Elderly Care Market Segmented By:
By Product Type (Pharmaceuticals and Housing and Assistive Devices)
By Service (Institutional Care, Homecare, Adult Day Care)
By Application (Heart Diseases, Cancer, Kidney Diseases, Diabetes, Arthritis, Neurological, Osteoporosis, Respiratory, Others)
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- Feasibility analysis and investment analysis to enable strategic investment decisions
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Points Covered in the Report
- The points that are discussed within the report are the major market players that are involved in the North America Elderly Care market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.
- This report analyzed 12 years data history and forecast.
- The growth factors of the market is discussed in detail wherein the different end users of the North America Elderly Care market are explained in detail.
- Data and information by market player, by region, by type, by application and etc, and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the North America Elderly Care market share.
- Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Post-COVID-19 Impact on North America 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.
- In October 2021, The Exceptional Living Centers acquired Park View Care Center, which is a skilled nursing facility formerly known as Solivita at Park View. This new ownership will increase the company’s portfolio, including 15 other health care centers across the states
- In November 2020, ElderCareCanada expanded its senior living portfolio. The supporting personal support workers (PSWs) are trained professionals who provide care to any person who requires special assistance with ‘activities of daily living (ADLs). PSWs provide both personal care tasks and related activities of daily living such as housekeeping, meal preparation, socialization, and companionship. Thus, with the help of this, the company will provide proper care to its customer by fulfilling every expectation
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