Changing lifestyle, and societal behaviors to drive the elderly care facilities market in the forecast period, 2024-2028.
According to TechSci Research report, “Europe Elderly Care Facilities Market – By Region, Forecast and Opportunities, 2018-2028”, Europe elderly care facilities market is anticipated to grow at a significant rate in the forecast period, 2024-2028. Elderly care facilities help old age people in their personal as well as healthcare needs. Rising improvements in caregiving for the old age people such as increased innovation in caregiving, caregiver availability and skills, and increasing disabilities among the geriatric population increased collaborations of private insurers with various governments, and the rising government's favorable policies for the elderly are the contributing factors which are driving the demand for the Europe elderly care facilities market.
However, the high cost associated with the elderly care facilities, lack of skilled professionals, and lack of workforce management technology may hamper the growth of the market in the forecast period.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on " Europe Elderly Care Facilities Market".
Europe elderly care facilities market is segmented into type, service provider, by country, and company. Based on type, the market is divided into independent living facilities, assisted living communities, nursing homes, continuing care retirement communities, others. The nursing homes segment is expected to witness a rise over the forecast period. This is attributed to rising occurrence of chronic diseases, such as heart problems, CVDs, Alzheimer’s disease, cancer, diabetes, among others, increase in healthcare expenditure, improvement in healthcare facilities, and large number of elders suffering from various chronic or acute diseases. According to the IDF Diabetes Atlas, as of 2021, around 61 million adults (20-79 years) are living with diabetes in the Europe. Europe has the highest number of children and adolescents (0-19 years) with type 1 diabetes which is around 295,000.
Based on service provider, the market is categorized into private and public. The private service provider segment is anticipated to grow during the forecast period. This is attributed to the high-quality facilities, and high in numbers.
Major companies operating in Europe elderly care facilities market are:
- Korian Group
- Orpea Group
- DomusVi SAS
- Groupe Colisée
- HC-One Ltd
- Attendo AB
- Malsons de Famille
- Victors Group
- Bupa Care Homes
- Nordic Capital
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“Germany is expected to witness a significant growth in the upcoming years due to the increasing geriatric population coupled with presence of several international and regional players. The rise in investments for elderly care, digital transformation of the care industry, new regulations are creating opportunities for the use of digital technologies are the reason due to which the Europe elderly care facilities market is expected to grow through 2028” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Europe Elderly Care Facilities Market, By Type (Independent Living Facilities, Assisted Living Communities, Nursing Homes, Continuing Care Retirement Communities, Others), By Service Provider (Public, Private), By Country, Competition, Forecast & Opportunities, 2028”, has evaluated the future growth potential of Europe elderly care facilities market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Europe elderly care facilities market.
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