Advance Technology Features to improve Elderly Care Management

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The overall elder care services market is estimated to be valued at US$ 927.1 billion in 2017 and is slated to reach a market value nearly US$1767.3 billion in the year end 2025. This billion dollar market is projected to grow progressively at a CAGR of 8.4% during the assessment period.

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The overall market is segmented into service type, financing source and region. 

Forecast by service type

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 2025 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 7.9% during the assessment period. The out-of-pocket spending will remain the second most lucrative market by recording a CAGR of 9.4% growth during 2017–2025 

Forecast by region

The global market is studied across the five prominent regions 

• Middle East & Africa

• Europe

• North America

• Asia Pacific

• Latin America

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 11.0% as the emergent market throughout the projection period.

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The key companies in the overall elder care services market include,

• Econ Healthcare Group

• St Luke's ElderCare Ltd

• Samvedna Senior Care

• Benesse Style Care Co. Ltd

• Epoch Elder Care

• Latin America Home Health Care

• ApnaCare Latin America Private Limited

• NTUC Health Co-Operative Ltd

• Nichiigakkan Co. Ltd

• Orange Valley Healthcare

• Golden Years Hospital

• SASCO Integrated Eldercare Centre

• GoldenCare Group Private Limited

• Carewell-Service Co., Ltd, RIEI Co. Ltd

• Pacific Healthcare Nursing Home

• Cascade Healthcare

• Millennia Personal Care Services

• United Medicare Pvt Ltd.

• Rosewood Care Group Inc.

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Brazil Elderly Care MarketData Bridge Market research presents the top quality and comprehensive Brazil Elderly Care Market research report which provides clear insights into market dynamics and prospects the whole market including global production, revenue forecast, value and volume.

This Brazil Elderly Care Market report deeply study competitive scenario and evaluated the crucial vendors with regard to product stratification and business strategies.

The detailed information of the existed industries is the first acquired by the dedicated team to provide exact and accurate data of the market.Brazil Elderly Care Market is expected to reach USD 93.7 Billion by 2025 from USD 61.5 Billion in 2017, at a CAGR of 5.5% in the forecast period 2018 to 2025Get Access to PDF Sample of Brazil Elderly Care Market Size, Status and Forecast 2019-2025 @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=brazil-elderly-care-marketMarket Segmentation: Brazil Elderly Care MarketThe Brazil elderly care market is segmented based on product type into two notable segments; pharmaceuticals and housing and assistive devices.

The Brazil elderly care market is dominated by housing and assistive devices with 91.3% market share in 2017 and is expected to grow at the highest CAGR of 5.6% in the forecast period.The Brazil elderly care market is segmented based on service into three notable segments; institutional care, homecare and adult day care.

In 2017, government insurances market is expected to dominate market with 60.5% shares and is estimated to reach USD 57.73 million by 2025, growing with a CAGR of 5.7%.Focal points covered in this Brazil Elderly Care Market reportThis Brazil Elderly Care Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.

Also it creates a relationship of the market outlook with Porter Five Force AnalysisThis research report is inclusive concept of the market progression.

DELHI, OCTOBER 5, 2020 – Today’s older population might have the mindset of “Age 60 is the new 30”, but that doesn’t mean they have the flexibility and agility of a 30-year old to go out and manage everything on their own during the times of COVID-19 crisis.

Thanks to Seniors First, a technology and information enabled eCommerce platform that can help improve senior care in India.

On this one-stop platform, seniors can browse lists of service providers and their contact details in the neighborhood.

They get the independence to choose and get their preferred product or service.Previously, the elderly family members were taken care of by other members of the family.

Senior care services from professionals can help our elderly citizens lead a confident life and most importantly, book services sitting at the comfort of their homes.The Chairman of Seniors First said, “The COVID-19 has taken the elder care crisis to a more challenging level across the globe, and not just in India.

We hope platforms like Seniors First will act as a virtual community from where they can browse and find suitable services from their phones.” The platform also enables seniors to join preferred communities and beat loneliness by joining several engagement activities offered by Seniors First.He further added, “The website and navigation has been designed keeping in mind our targeted customers.

Global geriatric care services market is expected to reach USD 1,012.02 billion by 2022, according to a new study by Grand View Research, Inc.

Constantly increasing geriatric population prone to chronic medical conditions is expected to drive market growth over the forecast period.

In 2012, according to data published by the Center of Disease Control (CDC) it has been estimated that nearly 95% nursing homes, 77% adult day care service centers, 78% home health agencies and 52% residential care communities were certified to participate in Medicaid.

Furthermore, nearly 99% home health agencies, 100% hospice, and 96.5% nursing homes were Medicare certified.Further key findings from the study suggest:The home care services market was valued at 255.36 billion in 2014 and is expected to grow at a healthy rate over the forecast period.

Services include medical and non-medical services.Institutional care services were the leading segment of the market in 2014.

Large presence and high usage rates of institutions offering geriatric care services such as nursing homes, assisted living facilities, hospital based geriatric care and independent senior living communities is a key factor attributing to its market position.

The second reason is people simply prefer to age in place as seniors feel more comfortable in a familiar surroundings.

And thirdly, home care offers people an affordable care option.

If you are looking to invest money in a reliable business, then you should buy senior home care franchise.

To help you understand why senior home care franchise can be a profitable business for you, we have listed down some points.

And when you do business in an area where you are interested in and greatly passionate about, it is obvious your business will grow and make profit for you.And the most obvious reason for investing in elderly home care franchise business is that it is growing rapidly.

If you have been thinking that home care is a kind of care that only seniors require then let us tell you that this is not true at all.