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Geriatric Care Services Market Size, Share Global Analysis Report, 2023 – 2030

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Geriatric Care Services Market Size, Share, Growth Analysis Report By Application(Medical, Personal Care, Industrial, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030

Industry Insights

[155+ Pages Report] According to the report published by Facts Factors, the global geriatric care services market size was worth around USD 300 billion in 2022 and is predicted to grow to around USD 485 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.10% between 2023 and 2030. The report analyzes the global geriatric care services market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the geriatric care services market.

Geriatric Care Services Market

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This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the North America Geriatric Care Services industry. The report analyzes and declares the historical and current trends analysis of the North America Geriatric Care Services industry and subsequently recommends the projected trends anticipated to be observed in the North America Geriatric Care Services market during the upcoming years.

The north america geriatric care services market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire North America Geriatric Care Services market. The historical and past insights are provided for FY 2020 to FY 2022 whereas projected trends are delivered for FY 2023 to FY 2030. The quantitative and numerical data is represented in terms of value (USD Bllion) from FY 2020 – 2030.


logoKey Insights from Primary Research

  • According to the primary CXOs of the global North America Geriatric Care Services market, the market is estimated to witness a substantial growth of nearly 7.10% over the forecast period.
  • The market was valued at USD 300 billion, in 2022 and is expected to be valued at over USD 485 billion, by 2030
  • On the basis of the product segment, Surface Sterilization dominated the global North America Geriatric Care Services market in 2022. In terms of revenue, it accounted for more than a 6.49% share of the total market in 2022.
  • The U.S. market is expected to be the fastest goring region for North America Geriatric Care Services over the forecast period owing to faster industrialization.
  • By geography, the North American region headed the market with a share of above 33%, in 2019.

logoKey Recommendations from Analysts

  • The higher prevalence of North America Geriatric Care Services, technological advances, and government initiatives are major factors that are expected to drive North America Geriatric Care Services in the near future.
  • The strategic developments such as regional expansion, product innovations and ongoing research and developments by the major companies such as Genesis Healthcare Corp, OneExchange & Cigna, Gentiva Health services, and Aetna is likely to boom the market’s growth over the up-coming years.
  • Our analysts recommend that the U.S. is predicted to witness significant growth attributed to the growing demand for North America Geriatric Care Services.    
  • Expansion of food and beverages industries especially in an emerging market is anticipated to fuel the demand for North America Geriatric Care Services in the developing regions over the forthcoming years.
  • Strengthening the distribution channel and growing availability of North America Geriatric Care Services online may also help the major player to cater to the lucrative growth of the market over the years to come.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the North America Geriatric Care Services industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the North America Geriatric Care Services industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the North America Geriatric Care Services market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the North America Geriatric Care Services industry. The North America Geriatric Care Services market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the North America Geriatric Care Services sector. Key strategic developments in the North America Geriatric Care Services market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the North America Geriatric Care Services market are appropriately highlighted in the report.

The North America Geriatric Care Services market research report delivers an acute valuation and taxonomy of the North America Geriatric Care Services industry by practically splitting the market on the basis of different types, categories, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2023 to FY 2030.

logoReport Scope

Report Attribute

Details

Market Size in 2022

USD 300 Billion

Projected Market Size in 2030

USD 485 Billion

CAGR Growth Rate

7.10% CAGR

Base Year

2022

Forecast Years

2023-2030

Key Market Players

Genesis Healthcare Corp, OneExchange & Cigna, Gentiva Health services, Aetna, Colonial Life, MetLife Inc., Home Instead Senior Care Inc., Aflac, AXA, and Others

Key Segment

By Type, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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The regional segmentation of the North America Geriatric Care Services industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the North America Geriatric Care Services industry is provided for the leading economies of the world.

The main driver of the increasing global demand for geriatric care services is the ever-increasing population of geriatricians. Due to lower water content, spinal processes, and other soft tissues are susceptible to strain with increasing age. It causes joints to be cushioned in tandem with other health problems. In turn, the heart, kidneys, lungs, and other organs of the body are becoming low, increasing the demand for nursing services. Volatile reimbursement schemes, however, may be a significant factor that hinders overall business growth. Increased numbers of professional women are also increasing the demand for effective senior care services, especially in the United States.

The North America Geriatric Care Services market is segmented based on type, and region. Based on type, the market is segmented into Home Care, Adult Care, Institutional Care, and Other.

logoSome of the essential players operating in the North America Geriatric Care Services market, but not restricted to include

  • Genesis Healthcare Corp
  • OneExchange & Cigna
  • Gentiva Health services
  • Aetna
  • Colonial Life
  • MetLife Inc.
  • Home Instead Senior Care Inc.
  • Aflac
  • AXA

The taxonomy of the North America Geriatric Care Services industry by its scope and segmentation is as follows:

logoBy Type Segmentation Analysis

Home Care

Adult Care

Institutional Care

logoBy Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table of Content

  1. CHAPTER 1. Executive Summary
  2. CHAPTER 2. North America Geriatric Care Services market – Type Analysis
    1. 2.1. Global North America Geriatric Care Services Market – Type Overview
    2. 2.2. Global North America Geriatric Care Services Market Share, by Type, 2023 & 2030 (USD Million)
    3. 2.3. Home Care
      1. 2.3.1. Global Home Care North America Geriatric Care Services Market, 2020-2030 (USD Million)
    4. 2.4. Adult Care
      1. 2.4.1. Global Adult Care North America Geriatric Care Services Market, 2020-2030 (USD Million)
    5. 2.5. Institutional Care
      1. 2.5.1. Global Institutional Care North America Geriatric Care Services Market, 2020-2030 (USD Million)
  3. CHAPTER 3. North America Geriatric Care Services market – Regional Analysis
    1. 3.1. Global North America Geriatric Care Services Market Regional Overview
    2. 3.2. Global North America Geriatric Care Services Market Share, by Region, 2023 & 2030 (Value)
    3. 3.3. North America
      1. 3.3.1. North America North America Geriatric Care Services Market size and forecast, 2020-2030
      2. 3.3.2. North America North America Geriatric Care Services Market, by Country, 2023 & 2030 (USD Million)
      3. 3.3.3. North America North America Geriatric Care Services Market, by Type, 2020-2030
        1. 3.3.3.1. North America North America Geriatric Care Services Market, by Type, 2020-2030 (USD Million)
      4. 3.3.4. U.S.
        1. 3.3.4.1. U.S. Market size and forecast, 2020-2030 (USD Million)
      5. 3.3.5. Canada
        1. 3.3.5.1. Canada Market size and forecast, 2020-2030 (USD Million)
  4. CHAPTER 4. North America Geriatric Care Services market – Competitive Landscape
    1. 4.1. Competitor Market Share – Revenue
    2. 4.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players
    3. 4.3. Strategic Development
      1. 4.3.1. Acquisitions and Mergers
      2. 4.3.2. New Products
      3. 4.3.3. Research & Development Activities
  5. CHAPTER 5. Company Profiles
    1. 5.1. Genesis Healthcare Corp
      1. 5.1.1. Company Overview
      2. 5.1.2. Genesis Healthcare Corp Revenue and Gross Margin
      3. 5.1.3. Product portfolio
      4. 5.1.4. Recent initiatives
    2. 5.2. OneExchange & Cigna
      1. 5.2.1. Company Overview
      2. 5.2.2. OneExchange & Cigna Revenue and Gross Margin
      3. 5.2.3. Product portfolio
      4. 5.2.4. Recent initiatives
    3. 5.3. Gentiva Health services
      1. 5.3.1. Company Overview
      2. 5.3.2. Gentiva Health services Revenue and Gross Margin
      3. 5.3.3. Product portfolio
      4. 5.3.4. Recent initiatives
    4. 5.4. Aetna
      1. 5.4.1. Company Overview
      2. 5.4.2. Aetna Revenue and Gross Margin
      3. 5.4.3. Product portfolio
      4. 5.4.4. Recent initiatives
    5. 5.5. Colonial Life, MetLife Inc.
      1. 5.5.1. Company Overview
      2. 5.5.2. Colonial Life, MetLife Inc. Revenue and Gross Margin
      3. 5.5.3. Product portfolio
      4. 5.5.4. Recent initiatives
    6. 5.6. Home Instead Senior Care Inc.
      1. 5.6.1. Company Overview
      2. 5.6.2. Home Instead Senior Care Inc. Revenue and Gross Margin
      3. 5.6.3. Product portfolio
      4. 5.6.4. Recent initiatives
    7. 5.7. Aflac
      1. 5.7.1. Company Overview
      2. 5.7.2. Aflac Revenue and Gross Margin
      3. 5.7.3. Product portfolio
      4. 5.7.4. Recent initiatives
    8. 5.8. AXA
      1. 5.8.1. Company Overview
      2. 5.8.2. AXA Revenue and Gross Margin
      3. 5.8.3. Product portfolio
      4. 5.8.4. Recent initiatives
  6. CHAPTER 6. North America Geriatric Care Services — Industry Analysis
    1. 6.1. North America Geriatric Care Services Market – Key Trends
      1. 6.1.1. Market Drivers
      2. 6.1.2. Market Restraints
      3. 6.1.3. Market Opportunities
    2. 6.2. Value Chain Analysis
    3. 6.3. Technology Roadmap and Timeline
    4. 6.4. North America Geriatric Care Services Market – Attractiveness Analysis
      1. 6.4.1. By Type
      2. 6.4.2. By Region
  7. CHAPTER 7. Marketing Strategy Analysis, Distributors
    1. 7.1. Marketing Channel
    2. 7.2. Direct Marketing
    3. 7.3. Indirect Marketing
    4. 7.4. Marketing Channel Development Trend
    5. 7.5. Economic/Political Environmental Change
  8. CHAPTER 8. Report Conclusion
  9. CHAPTER 9. Research Approach & Methodology
    1. 9.1. Report Description
    2. 9.2. Research Scope
    3. 9.3. Research Methodology
      1. 9.3.1. Secondary Research
      2. 9.3.2. Primary Research
      3. 9.3.3. Models
        1. 9.3.3.1. Company Share Analysis Model
        2. 9.3.3.2. Revenue Based Modeling
        3. 9.3.3.3. Research Limitations

  • List of Figures

    FIG. 1 Global North America Geriatric Care Services Market, 2020-2030 (USD Billion)
    FIG. 2 Global North America Geriatric Care Services Market Share, by Type, 2023 & 2030 (USD Billion)
    FIG. 3 Global Home Care North America Geriatric Care Services Market, 2020-2030 (USD Billion)
    FIG. 4 Global Adult Care North America Geriatric Care Services Market, 2020-2030 (USD Billion)
    FIG. 5 Global Institutional Care North America Geriatric Care Services Market, 2020-2030 (USD Billion)
    FIG. 6 Global North America Geriatric Care Services Market Share, by Region, 2023 & 2030
    FIG. 7 North America North America Geriatric Care Services Market, 2020-2030
    FIG. 8 U.S. North America Geriatric Care Services Market, 2020-2030
    FIG. 9 Canada North America Geriatric Care Services Market, 2020-2030
    FIG. 10 Competitor Market Share – Revenue
    FIG. 11 Genesis Healthcare Corp Revenue and Growth Rate
    FIG. 12 Genesis Healthcare Corp Market Share
    FIG. 13 OneExchange & Cigna Revenue and Growth Rate
    FIG. 14 OneExchange & Cigna Market Share
    FIG. 15 Gentiva Health services Revenue and Growth Rate
    FIG. 16 Gentiva Health services Market Share
    FIG. 17 Aetna Revenue and Growth Rate
    FIG. 18 Aetna Market Share
    FIG. 19 Colonial Life, MetLife Inc. Revenue and Growth Rate
    FIG. 20 Colonial Life, MetLife Inc. Market Share
    FIG. 21 Home Instead Senior Care Inc. Revenue and Growth Rate
    FIG. 22 Home Instead Senior Care Inc. Market Share
    FIG. 23 Aflac Revenue and Growth Rate
    FIG. 24 Aflac Market Share
    FIG. 25 AXA Revenue and Growth Rate
    FIG. 26 AXA Market Share
    FIG. 27 Market Dynamics
    FIG. 28 Global North America Geriatric Care Services – Value Chain Analysis
    FIG. 29 Technology Roadmap and Timeline
    FIG. 30 Market Attractiveness Analysis – By Type
    FIG. 31 Market Attractiveness Analysis – By Region
    FIG. 32 Market Channel
    FIG. 33 Marketing Channel Development Trend
    FIG. 34 Growth in World Gross Product, 2008-2018
    

    List of Tables

    TABLE 1 Global North America Geriatric Care Services Market, 2023 & 2030 (USD Billion)
    TABLE 2 Global North America Geriatric Care Services market, by Type, 2020-2030 (USD Billion)
    TABLE 3 Global North America Geriatric Care Services market, by Region, 2020-2030 (USD Billion)
    TABLE 4 North America North America Geriatric Care Services Market, by Type, 2020-2030 (USD Billion)
    TABLE 5 Global North America Geriatric Care Services Market - Company Revenue Analysis 2020-2023 (USD Billion)
    TABLE 6 Global North America Geriatric Care Services Market - Company Revenue Share Analysis 2020-2023(%)
    TABLE 7 Acquisitions and Mergers
    TABLE 8 New Product/Service Launch
    TABLE 9 Research & Development Activities
    TABLE 10 Market Drivers
    TABLE 11 Market Restraints
    TABLE 12 Market Opportunities
  •  

    Industry Major Market Players

    • Genesis Healthcare Corp
    • OneExchange & Cigna
    • Gentiva Health services
    • Aetna
    • Colonial Life
    • MetLife Inc.
    • Home Instead Senior Care Inc.
    • Aflac
    • AXA