Elderly Care Service Market: Current Scenario and Forecast (2019-2025): Emphasis on Service Type (Institutional care, Adult daycare, Home-based care), Funding Source (Public expenditure, Private expenditure, Out-of-Pocket Spending), Service provider (Public, Private) and Region/Country
September 2019
183
About the Report
About the Report
Aging is a natural process concerning physiological, cellular, psychological, social changes of an organism over a period. It is not just restricted to a single region rather affecting the whole world. By 2050, the world's population aged 60 years and older is expected to reach 2 billion, up from 900 million in 2015. Currently, 125 million people are aged 80 years or above. Countries like India where the population pyramid was of expanding type will soon show a change due to the aging and increased life expectancy.
However, Ageing is not just a story about declining economic potential. The other side of the coin shows rising demand for products and services that are tailored to the needs of elderly people. The aging population will create unprecedented demand for the senior care industry and would open door for agents and brokers to increase their business in the elderly care service. Demand for retirement homes and care services is expected to grow quickly in the coming decades. Collaborations between the government, care providers, insurers and patients are a precursor to any significant change involving elderly care service. Moreover, the in-home care industry also provides good employment opportunities for women and minorities (who, together, represent most of the personal care workforce), with job growth for aides projected to increase by 26% through 2024 in US alone. The global elderly care service market is segmented based on service type (Institutional care, Adult daycare and Home-based care), funding type (Public expenditure, Private expenditure and Out-of-Pocket Spending), service provider (public and private). These are the major focus areas considered while analyzing and defining the penetration of Elderly care services in major regions/countries globally.
Under the service type segment, in 2018, the Institutional Care dominated the global elderly care service market with maximum share in terms of revenue. Based on estimation, the segment occupied a 69.7% share in 2018. However due the changing market trend, Home-Based Care is anticipated to register the highest CAGR of 9.29% during the forecast period 2019-2025. Unfortunately, while aging members of Indian population need constant support, they have been a largely neglected demographic by governments, organizations, individuals and even their own children. It is therefore crucial that interventions to improve the quality of life of the elderly would increase exponentially. This can be done by certain government measures to increase awareness about Elderly care institutions and daycare facilities among others. Moreover, government can take initiatives to increase funding in order to provide old age people with higher stander of living under constant assistance. Moreover, in 2018 among the funding type, Public funding was the most common mode of funding for the elderly care service, with a prominent share of 64.8%, however, Out-of-Pocket segment is projected to witness reasonable CAGR of 8.94% during the forecast period. To conclude, Elderly care services are being adopted by elders at a very accelerating pace. It has been observed that the market size as well as adoption rates are reaching all-time highs at global scale and do not show any sign of slow down. These services can be provided by both public and private service providers. Global Elderly care derived revenue of USD 1,000.7 billion in 2018 and is expected to fetch USD 1,744.6 billion by 2025 displaying tremendous CAGR of 8.31% over the forecast period 2019-2025.
In addition, for better understanding of the overall adoption rate of elderly care service in different market, detailed analysis has been conducted for major regions/countries including North America (US, Others), Europe (UK, Germany, France, Spain, Italy, Others), Asia-Pacific (China, India, Japan, Australia, others), and Rest of the World (Middle East and Latin America). Based on the estimation, Europe dominated the global elderly care/senior care market, accounting for a revenue share of 37.2% in 2018. On account of strong government support to increase the adoption of elderly care services, availability of supporting infrastructure as well as gaining prominence of elderly care services have significantly fostered the regional market.
Numerous companies have earmarked their presence in the global Elderly care service market with a continued focus on product innovation, investments, business expansion, and business collaborations. They continue to offer wide range of Elderly care services that cater to the growing elderly population's need. With an objective to stimulate the overall adoption of Elderly Care services across the developing and developed nations specifically in the Asia-pacific, Latin America and Middle East region, market leaders have adopted various strategies to enhance the penetration of elderly care institutions. Some of the major players operating in the global Elderly care service market include Benesse Holdings Inc., Amedisys Inc, St Luke's Eldercare Ltd., Brookdale Senior Living Inc., Econ Healthcare Group Inc, Bayada Home Health Care, Epoch Elder Care, Kindred Healthcare LLC, Nichii Gakkan Co. Ltd and ApnaCare Private Limited among others.
Global Elderly Care/senior care service market generated revenue of USD 1,000.7 billion in 2018. The sector is expected to grow at a CAGR of 8.31% during the forecast period 2019-2025, to reach a market valuation of USD 1,744.6 billion by 2025. Europe dominated the global Elderly Care service market, accounting for a revenue share of 37.2% in 2018. However, growing aging population in countries such as Japan and China, Asia-Pacific elderly care service market is expected to witness highest CAGR growth of 10.6% during the analyzed period.
Products
Companies
Benesse Holdings Inc., Amedisys, Inc., St Luke's Eldercare Ltd., Brookdale Senior Living Inc., Bayada home health Care, Econ Healthcare Group, Epoch Elder Care, Kindred Healthcare, Inc., Nichii Gakkan Co. Ltd, ApnaCare Private Limited
Table of Contents
Table of Contents
1. MARKET INTRODUCTION
1.1 Market Definition 17
1.2 Objective of the Study 17
1.3 Limitation 17
1.4 Stakeholders 17
1.5 Currency used in the Report 18
1.6 Scope of the Global Elderly Care Service Market Study 18
2. RESEARCH METHODOLOGY OR ASSUMPTION 19
2.1 Research Methodology for Global Elderly Care Service Market Study 19
2.1.1 Main objective of the Elderly care Market Study 20
3. INDUSTRY PERFORMANCE 21
4. EXECUTIVE SUMMARY 22
5. MARKET OVERVIEW 25
5.1 Market Introduction 25
5.1.1 Market Drivers 27
5.1.1.1 Accelerating Geriatric Population 27
5.1.1.1.1 Some of the Key Facts regarding Ageing and health 27
5.1.1.2 Rising Prevalence of Age-Related Disorders 28
5.1.1.2.1 General Facts on Chronic Diseases, WHO 29
5.1.1.3 Increasing Demand for Residential Care Facilities 29
5.1.2 Market Challenges 30
5.1.2.1 Workforce Shortage 30
5.1.2.2 Poor Medical Insurance Coverage 32
5.1.3 Market Trends 32
5.1.3.1 Applications Based on Tele-awareness 32
5.1.3.2 Carebots the Future of Elderly Care Services 33
6. USED CASE STUDY OF ELDERLY CARE SERVICE 36
6.1 Case Study 1: Kim Campbell on Giving Alzheimer's Families Hope 36
6.2 Case Study 3: Inability to Deal with Homemaking Duties 36
6.3 Case Study 2: Lack of Food 37
6.4 Case Study 4: Personal Care Assistance and Homemaking Services 37
6.5 Case Study 5: The Wrong Fit from the Start 38
6.6 Case Study 6: How Compass Memory Support's Holistic Approach Helped Anne Thrive 38
6.7 Case Study 7: Financial Programs that Fit Bob & Eileen Needs 39
6.8 Case Study 8: The Wrong Fit from the Start 39
6.9 Case Study 9: Harold Gained Back the Ability to Communicate 40
7. LEGAL & REGULATORY FRAMEWORK 41
7.1 General Overview 41
7.1.1 United States 41
7.1.1.1 Older American Act of 1965 41
7.1.1.2 Benefits of the Older Americans Act 41
7.1.1.3 OAA Reauthorization 43
7.1.2 United Kingdom 43
7.1.2.1 Care Standards Act 2000 43
7.1.3 Germany 44
7.1.4 Italy 44
7.1.5 India 45
7.1.5.1 Maintenance and Welfare of Parents and Senior Citizens Act, 2007 45
8. DEMAND AND SUPPLY SIDE ANALYSIS 47
8.1 Demand Side Analysis 47
8.1.1 Facts underlining the demand of Elderly care industry: 47
8.2 Supply Side Analysis 49
8.2.1 Top Product Launch 50
8.2.2 Top Partnerships 50
8.2.3 Top Mergers & Acquisitions 52
8.2.4 Top Business Expansion & Investment 53
8.2.5 Top Start-ups in Elderly Care Service Sector 54
9. MARKET INSIGHTS BY SERVICE TYPE 56
9.1 General Overview 56
9.1.1 Institutional Care 57
9.1.2 Adult daycare 58
9.1.3 Home Care 60
10. MARKET INSIGHTS BY FUNDING SOURCE 63
10.1 General Overview 63
10.1.1 Public Expenditure 64
10.1.2 Private Expenditure 65
10.1.3 Out-of-Pocket Spending 66
11. MARKET INSIGHTS BY SERVICE PROVIDER 68
11.1 General Overview 68
11.1.1 Public Service Providers 69
11.1.1.1 Government Schemes for Senior Citizens in India are as follows: 69
11.1.2 Private Service Providers 70
12. MARKET INSIGHTS BY REGION 72
12.1 General Overview 72
12.2 North America Elderly Care Service Market (2019-2025) 75
12.2.1 Facts on Current & Projected Elderly Population in America 75
12.2.2 North America Elderly Care Service Market by Service Type 76
12.2.3 North America Elderly Care Service Market by Funding Source 77
12.2.4 North America Elderly Care Service Market by Service Provider 77
12.2.5 North America Elderly Care Service Market by Country 78
12.2.5.1 United States Elderly Care Service Market (2019-2025) 78
12.2.5.1.1 Public Expenditure in the United States 79
12.2.5.1.2 US Health Spending by Type of Service or Product, 2017 80
12.2.5.1.3 Health Spending by Major Sources of Funds 82
12.2.5.1.4 United States Elderly Care Service Market by Service Type 83
12.2.5.1.5 United States Elderly Care Service Market by Funding Source 84
12.2.5.1.6 United States Elderly Care Service Market by Service Provider 84
12.2.5.2 Rest of North America Elderly Care Service Market (2019-2025) 85
12.2.5.2.1 Key Findings on Healthcare Spending in Mexico, 2016 85
12.2.5.2.2 Rest of NA Elderly Care Service Market by Service Type 88
12.2.5.2.3 Rest of NA Elderly Care Service Market by Funding Source 88
12.2.5.2.4 Rest of North America Elderly Care Service Market by Service Provider 89
12.3 Europe Elderly Care Service Market (2019-2025) 89
12.3.1 Facts on Elderly Population Europe 92
12.3.2 Europe Elderly Care Service Market by Service Type 92
12.3.3 Europe Elderly Care Service Market by Funding Source 93
12.3.4 Europe Elderly Care Service Market by Service Provider 93
12.3.5 Europe Elderly Care Service Market by Country 94
12.3.5.1 France Elderly Care Service Market (2019-2025) 94
12.3.5.1.1 France Elderly Care Service Market by Service Type 96
12.3.5.1.2 France Elderly Care Service Market by Funding Source 96
12.3.5.1.3 France Elderly Care Service Market by Service Provider 97
12.3.5.2 Germany Elderly Care Service Market (2019-2025) 97
12.3.5.2.1 Germany Elderly Care Service Market by Service Type 98
12.3.5.2.2 Germany Elderly Care Service Market by Funding Source 99
12.3.5.2.3 Germany Elderly Care Service Market by Service Provider 99
12.3.5.3 Spain Elderly Care Service Market (2019-2025) 100
12.3.5.3.1 Spain Elderly Care Service Market by Service Type 101
12.3.5.3.2 Spain Elderly Care Service Market by Funding Source 101
12.3.5.3.3 Spain Elderly Care Service Market by Service Provider 102
12.3.5.4 Italy Elderly Care Service Market (2019-2025) 102
12.3.5.4.1 Italy Elderly Care Service Market by Service Type 103
12.3.5.4.2 Italy Elderly Care Service Market by Funding Source 103
12.3.5.4.3 Italy Elderly Care Service Market by Service Provider 104
12.3.5.5 United Kingdom Elderly Care Service Market (2019-2025) 104
12.3.5.5.1 United Kingdom Elderly Care Service Market by Service Type 105
12.3.5.5.2 United Kingdom Elderly Care Service Market by Funding Source 106
12.3.5.5.3 United Kingdom Elderly Care Service Market by Service Provider 106
12.3.5.6 Rest of Europe Elderly Care Service Market (2019-2025) 107
12.3.5.6.1 Rest of Europe Elderly Care Service Market by Service Type 108
12.3.5.6.2 Rest of Europe Elderly Care Service Market by Funding Source 108
12.3.5.6.3 Rest of Europe Elderly Care Service Market by Service Provider 109
12.4 Asia Pacific Elderly Care Service Market (2019-2025) 109
12.4.1 Key Facts on Aging Population in Asia-Pacific Region 109
12.4.2 Asia Pacific Elderly Care Service Market by Service Type 111
12.4.3 Asia Pacific Elderly Care Service Market by Funding Source 112
12.4.4 Asia Pacific Elderly Care Service Market by Service Provider 112
12.4.5 Asia Pacific Elderly Care Service Market by Country 113
12.4.5.1 Japan Elderly Care Service Market (2019-2025) 113
12.4.5.1.1 Facts on Japanese Demographic Structure 115
12.4.5.1.2 Japan Elderly Care Service Market by Service Type 117
12.4.5.1.3 Japan Elderly Care Service Market by Funding Source 118
12.4.5.1.4 Japan Elderly Care Service Market by Service Provider 118
12.4.5.2 China Elderly Care Service Market (2019-2025) 119
12.4.5.2.1 Key Challenges to Old-Age Security in PRC, Asian Development Bank 119
12.4.5.2.2 China Elderly Care Service Market by Service Type 120
12.4.5.2.3 China Elderly Care Service Market by Funding Source 121
12.4.5.2.4 China Elderly Care Service Market by Service Provider 121
12.4.5.3 Australia Elderly Care Service Market (2019-2025) 122
12.4.5.3.1 Public Expenditure in Australia 122
12.4.5.3.2 Facts on Government spending on elderly care Service in Australia 122
12.4.5.3.3 Australia Elderly Care Service Market by Service Type 124
12.4.5.3.4 Australia Elderly Care Service Market by Funding Source 125
12.4.5.3.5 Australia Elderly Care Service Market by Service Provider 125
12.4.5.4 India Elderly Care Service Market (2019-2025) 126
12.4.5.4.1 Factors Driving the Need for Elderly Care in India 126
12.4.5.4.2 India Elderly Care Service Market by Service Type 127
12.4.5.4.3 India Elderly Care Service Market by Funding Source 127
12.4.5.4.4 India Elderly Care Service Market by Service Provider 128
12.4.5.5 Rest of Asia Pacific Elderly Care Service Market (2019-2025) 128
12.4.5.5.1 Rest of APAC Elderly Care Service Market by Service Type 129
12.4.5.5.2 Rest of APAC Elderly Care Service Market by Funding Source 129
12.4.5.5.3 Rest of Asia Pacific Elderly Care Service Market by Service Provider 130
12.5 Rest of World Elderly Care Service Market (2019-2025) 130
12.5.1 Rest of World Elderly Care Service Market by Service Type 131
12.5.2 Rest of World Elderly Care Service Market by Funding Source 132
12.5.3 Rest of World Elderly Care Service Market by Service Provider 132
13. COMPETITIVE SCENARIO 133
13.1 Porter's Five forces analysis 133
13.1.1 Bargaining power of Supplier 133
13.1.2 Bargaining power of Buyer 134
13.1.3 Industry Rivalry 134
13.1.4 Availability of Substitute 134
13.1.5 Threat of New Entrants 135
13.2 Market Share of Elderly Care Service, 2018 136
13.2.1 Market Share of Key Players in Elderly Care Service, 2018 136
14. TOP COMPANY PROFILES 137
14.1 Benesse Holdings Inc 137
14.1.1 Key Facts 137
14.1.2 Business Description 138
14.1.3 Key Product/Services Offerings 138
14.1.4 Growth Strategy 138
14.1.5 SWOT Analysis 140
14.1.6 Key Financials 141
14.1.6.1 Revenue Split 142
14.1.7 Recent Developments 142
14.1.7.1 Business Expansion 142
14.2 Amedisys Inc. 143
14.2.1 Key Facts 143
14.2.2 Business Description 143
14.2.3 Key Product/Services Offerings 143
14.2.4 Growth Strategy 144
14.2.5 SWOT Analysis 144
14.2.6 Key Financials 145
14.2.6.1 Revenue Split 146
14.2.7 Recent Developments 146
14.2.7.1 Product Launch 146
14.2.7.2 Partnerships (Strategic Alliance) 147
14.2.7.3 Business Expansions 147
14.2.7.4 Merger & Acquisition 147
14.3 St Luke's Eldercare Ltd. 149
14.3.1 Key Facts 149
14.3.2 Business Description 149
14.3.3 Key Product/Services Offerings 149
14.3.4 Key Financials 152
14.3.5 Recent Developments 153
14.3.5.1 Partnership (Strategic Alliance) 153
14.4 Brookdale Senior Living Inc. 154
14.4.1 Key Facts 154
14.4.2 Business Description 154
14.4.3 Key Product/Services Offerings 154
14.4.4 SWOT Analysis 156
14.4.5 Key Financials 157
14.4.6 Recent Developments 158
14.4.6.1 Business Expansion & Investments Brookdale Senior Living Inc. 158
14.5 Bayada Home Health Care 159
14.5.1 Key Facts 159
14.5.2 Business Description 159
14.5.3 Key Product/Services Offerings 160
14.5.4 Key Financials 161
14.5.5 Recent Developments 162
14.5.5.1 Product Launch Bayada 162
14.5.5.2 Partnership (Strategic Alliance) 162
14.5.5.3 Business Expansion & Investment 163
14.5.5.4 Merger & Acquisition 163
14.6 Econ Healthcare Group 164
14.6.1 Key Facts 164
14.6.2 Business Description 164
14.6.3 Key Product/Services Offerings 164
14.6.4 Recent Developments 165
14.6.4.1 Partnership (Strategic Alliance) 165
14.7 Epoch Elder Care 166
14.7.1 Key Facts 166
14.7.2 Business Description 166
14.7.3 Key Product/Services Offerings 166
14.7.4 Admission Process of Epoch Elder Care 168
14.8 Kindred Healthcare LLC 169
14.8.1 Key Facts 169
14.8.2 Business Description 169
14.8.3 Key Product/Services Offerings 170
14.8.4 SWOT Analysis 170
14.8.5 Key Financials 171
14.8.5.1 Revenue Split 172
14.8.6 Recent Developments 172
14.8.6.1 Partnerships (Strategic Alliance) 172
14.8.6.2 Expansion & Investment 173
14.8.6.3 Merger & Acquisitions 173
14.9 Nichii Gakkan Co. Ltd 174
14.9.1 Key Facts 174
14.9.2 Business Description 174
14.9.3 Key Product/Services Offerings 175
14.9.4 Key Financials 177
14.9.4.1 Revenue Split 178
14.9.5 Recent Developments 178
14.9.5.1 Business Expansions 178
14.10 ApnaCare Private Limited 179
14.10.1 Key Facts 179
14.10.2 Business Description 179
14.10.3 Key Product/Services Offerings 179
List of Figure
FIG. 1 Scope of the Global Elderly Care Service Market Study 17
FIG. 2 Research Methodology for Global Elderly Care Service Market Study 18
FIG. 3 World Population Pyramid Transition, 2050-2100 (billion) 21
FIG. 4 Global Elderly Care Service Market, 2018-2025 (USD Billion) 23
FIG. 5 Internet users in the world by region (2018) 25
FIG. 6 Number and Distribution of People Aged 60 Years or Over by Region (2017 and 2050) (in billions) 26
FIG. 7 Number of People aged 65 or older per 100 people of working age (15-64), by Region 27
FIG. 8 Estimated Lifetime Risk for Alzheimer's Dementia at Age 45 and 65, by Sex (In percentage) 27
FIG. 9 Remote Care Ecosystem 29
FIG. 10 Limitations in Integrating Medical and Elderly Care Service 30
FIG. 11 Demand of Workforce for Elderly Care (2018, 2023) 30
FIG. 12 Popular Categories in Healthcare and Medical Mobile App Solutions 32
FIG. 13 Robots that can be Assisted for Elderly Care 33
FIG. 14 Service Robot Manufacturer Count, by Region 2018 34
FIG. 15 Countries with the largest share of persons aged 60 years or over (2017 & 2050) (%) 46
FIG. 16 Physical Care Requirements for the Activities of Daily Living (ADL) in India (%) 47
FIG. 17 Building the Ecosystem of Integrated Elderly Care Service with Medical Care Services 48
FIG. 18 Global Elderly Care Service Market Share by Service Type, 2018 & 2025 (%) 55
FIG. 19 Global Elderly Care Service Market Size by Service Type, 2018- 2025 (USD Billion) 56
FIG. 20 Global Institutional Elderly Care Service Market by Region, 2019-2025 (USD Billion) 57
FIG. 21 Services Provided by Adult Day Care Centres 58
FIG. 22 Global Adult Day Care Service Market by Region, 2019-2025 (USD Billion) 59
FIG. 23 Design Approaches and Enabling Technologies for Tele-Home-Care Systems 60
FIG. 24 Global Elderly Home Care Service Market, By Region (USD Billion) 61
FIG. 25 Global Elderly Care Service Market Share by Funding Source, 2019 & 2025 (%) 62
FIG. 26 Global Elderly Care Service Market Size by Funding Sources, 2019- 2025 (USD Billion) 62
FIG. 27 Global Elderly Care Service Public Funding Source Market by Region, 2019-2025 (USD Billion) 63
FIG. 28 Global Elderly Care Service Private Insurance Funding Source Market by Region, 2019-2025 (USD Billion) 64
FIG. 29 Global Out-of-pocket expenditure (% of current health expenditure) 2010-2016 (%) 65
FIG. 30 Global Elderly Care Service Out-of-Pocket Spending Funding Source Market by Region, 2019-2025 (USD Billion) 66
FIG. 31 Global Elderly Care Service Market Share by Service Provider, 2019 & 2025 (%) 67
FIG. 32 Global Elderly Care Service Market Size by Service Provider, 2019- 2025 (USD Billion) 67
FIG. 33 Global Elderly Care Service Public Service Provider Market by Region, 2019-2025 (USD Billion) 68
FIG. 34 Some of the Works Done by Tata Trusts in the field of Elderly Care 69
FIG. 35 Global Elderly Care Service Private Service Provider Market by Region, 2019-2025 (USD Billion) 70
FIG. 36 Distribution of World's Older Population by Age Group and Sex, 2017 & 2050 (%) 71
FIG. 37 Number of Persons aged 60 years or older (million) 72
FIG. 38 Global population by broad age group, in 1980, 2017, 2030 and 2050 (in billion) 72
FIG. 39 Global Elderly Care Service Market Share by Region, 2018 & 2025 (%) 73
FIG. 40 Global Elderly Care Service Market Size by Region, 2019-25 (USD Billion) 73
FIG. 41 Growing American Aging Population in 2020 & 2050 (in million) 74
FIG. 42 North America Elderly Care Service Market by Service Type, 2019-2025 (USD Billion) 75
FIG. 43 North America Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 76
FIG. 44 North America Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 76
FIG. 45 North America Elderly Care Service Market by Country, 2019- 2025 (USD Billion) 77
FIG. 46 Impact of Elderly care in the US 78
FIG. 47 Facts on Current and Projected US Aging population (2016, 2035 & 2060) 78
FIG. 48 Government Spending on Long-Term Services and Supports (LTSS) Spending, 2016 (In billion) 79
FIG. 49 US Health Spending by Type of Service or Product, 2017 81
FIG. 50 United States Elderly Care Service Market by Service Type, 2019-25 (USD Billion) 82
FIG. 51 United States Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 83
FIG. 52 United States Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 83
FIG. 53 Mexico Healthcare Expenditure, total (% of GDP) 2010-2016 85
FIG. 54 Mexico Healthcare Expenditure, by Source of Fund (%) 2015 and 2016 85
FIG. 55 Rest of NA Population ages 65 and above, by Country (% of total) (2017) 86
FIG. 56 Factors Driving the Adoption of Elderly Care Technologies in Canada 86
FIG. 57 Rest of North America Elderly Care Service Market by Service Type, 2019-25 (USD Billion) 87
FIG. 58 Rest of North America Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 87
FIG. 59 Rest of North America Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 88
FIG. 60 People Suffering from Alzheimer's/Dementia in Different Countries of Europe, 2017 (%) 89
FIG. 61 Number of people with diabetes in EU28, 2000 and 2017 89
FIG. 62 Europe % of Adult population with Diabetes by Country, 2017 90
FIG. 63 Europe Elderly Care Service Market by Service Type, 2019-25 (USD Billion) 91
FIG. 64 Europe Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 92
FIG. 65 Europe Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 92
FIG. 66 Europe Elderly Care Service Market by Country, 2019- 2025 (USD Billion) 93
FIG. 67 Proportional mortality in France by Disease Type (%) 94
FIG. 68 The population of the France Recorded Over 65 Years in 2019, 2030 & 2050 (%) 94
FIG. 69 France Elderly Care Service Market by Service Type, 2019-25 (USD Billion) 95
FIG. 70 France Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 95
FIG. 71 France Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 96
FIG. 72 Type of services Provided for Elderly by Home Agencies in Germany 97
FIG. 73 Germany Elderly Care Service Market by Service Type, 2019-25 (USD Billion) 97
FIG. 74 Germany Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 98
FIG. 75 Germany Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 98
FIG. 76 The population of Spain Recorded Over 65 Years in 2010, 2018 & 2030 (%) 99
FIG. 77 Spain Elderly Care Service Market by Service Type, 2019-25 (USD Billion) 100
FIG. 78 Spain Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 100
FIG. 79 Spain Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 101
FIG. 80 Italy Elderly Care Service Market by Service Type, 2019-25 (USD Billion) 102
FIG. 81 Italy Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 102
FIG. 82 Italy Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 103
FIG. 83 The population of the UK Recorded Over 65 Years in 2015, 2025, 2035 & 2045 (%) 104
FIG. 84 United Kingdom Elderly Care Service Market by Service Type, 2019-25 (USD Billion) 104
FIG. 85 United Kingdom Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 105
FIG. 86 United Kingdom Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 105
FIG. 87 Rest of Europe % of the population over 65 years old by Country, 2017 106
FIG. 88 Rest of Europe Elderly Care Service Market by Service Type, 2019-25 (USD Billion) 107
FIG. 89 Rest of Europe Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 107
FIG. 90 Rest of Europe Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 108
FIG. 91 The proportion of Total Population Aged 60 or Over In 2016 And 2050 By ESCAP Subregion 109
FIG. 92 Population Aged 80 and Over as a Percentage of the Total Elderly Population Aged 60, Asia-Pacific 1950-2100 109
FIG. 93 Asia-Pacific Health expenditure per capita, 2015 by Country 110
FIG. 94 Asia Pacific Elderly Care Service Market by Service Type, 2019-25 (USD Billion) 110
FIG. 95 Asia Pacific Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 111
FIG. 96 Asia Pacific Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 111
FIG. 97 Asia Pacific Elderly Care Service Market by Country, 2019- 2025 (USD Billion) 112
FIG. 98 Estimate Demand for Home Care Professionals in Japan 113
FIG. 99 Japanese Population Comparison by Age Group, 2018 & Future (% of total population) 114
FIG. 100 Japanese Current & Future Per Capita Healthcare Spending by Source of Fund 2016 and 2050 (USD ) 115
FIG. 101 Japanese Population Count by Age Group, Current and Forecast 2010-2060 ( 000 units) 115
FIG. 102 Integrated Medical and Elderly Care Structure in Japan 116
FIG. 103 Japan Elderly Care Service Market by Service Type, 2019- 2025 (USD Billion) 116
FIG. 104 Japan Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 117
FIG. 105 Japan Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 117
FIG. 106 China's Estimated Elderly Population Structure in 2020 (%) 118
FIG. 107 China Elderly Care Service Market by Service Type, 2019- 2025 (USD Billion) 119
FIG. 108 China Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 120
FIG. 109 China Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 120
FIG. 110 Government Spending on Elderly Care in Australia, 2017-2018 121
FIG. 111 Government Spending on Elderly Care Services in Australia, 2018-2025 (USD Billion) 122
FIG. 112 Proportion of the Population Aged 65 and Over, by Age Group and Sex, 2017, 2027, 2037, 2047 and 2057 (%) 122
FIG. 113 Facts About Elderly Care Services of Australia 123
FIG. 114 Australia Elderly Care Service Market by Service Type, 2019- 2025 (USD Billion) 123
FIG. 115 Australia Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 124
FIG. 116 Australia Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 124
FIG. 117 Factors Driving the Need for Elderly Care in India 125
FIG. 118 India Elderly Care Service Market by Service Type, 2019-25 (USD Billion) 126
FIG. 119 India Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 126
FIG. 120 India Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 127
FIG. 121 Rest of Asia Pacific Elderly Care Service Market by Service Type, 2019-25 (USD Billion) 128
FIG. 122 Rest of Asia Pacific Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 128
FIG. 123 Rest of Asia Pacific Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 129
FIG. 124 Age structural transition, MENA countries, 1950–2100 (%) 130
FIG. 125 Rest of World Elderly Care Service Market by Service Type, 2019-25 (USD Billion) 130
FIG. 126 Rest of World Elderly Care Service Market by Funding Sources, 2019- 2025 (USD Billion) 131
FIG. 127 Rest of World Elderly Care Service Market by Service Provider, 2019- 2025 (USD Billion) 131
FIG. 128 Porter's Five forces analysis of the Global Elderly Care Market 132
FIG. 129 Market Share of Key Players in Elderly Care Service, 2018 (%) 135
FIG. 130 Medium-Term Management Plan of Benesse 138
FIG. 131 Strategic Policy of the Nursing Care Business 139
FIG. 132 Benesse Holdings Inc., SWOT Analysis 139
FIG. 133 Key Financials of Benesse Holdings Inc. 140
FIG. 134 Benesse Holdings Inc., Revenue Split, 2018 (%) 141
FIG. 135 Amedisys Inc., SWOT Analysis 143
FIG. 136 Key Financials of Amedisys Inc. 144
FIG. 137 Amedisys Inc., Revenue Split, 2018 (%) 145
FIG. 138 Income Source and Expense of St Luke's Eldercare Ltd., 2017-2018 150
FIG. 139 Key Financials of St Luke's Eldercare Ltd. 151
FIG. 140 Amenities Offered Throughout Brookdale Communities 154
FIG. 141 Brookdale Senior Living Inc., SWOT Analysis 155
FIG. 142 Key Financials of Brookdale Senior Living Inc. 156
FIG. 143 Bayada Home Health Care Product Segmentation 159
FIG. 144 Key Financials of Bayada Home Health Care 160
FIG. 145 Milestone & Timeline pf Econ Healthcare Group 164
FIG. 146 Epoch Elder Care Staffing Model and Training 166
FIG. 147 Epoch Elder Care Admission Process 167
FIG. 148 Kindred and Gentiva Integrated Care Market 169
FIG. 149 Kindred Healthcare LLC., SWOT Analysis 169
FIG. 150 Key Financials of Kindred Healthcare LLC 170
FIG. 151 Kindred Healthcare LLC, Revenue Split, 2018 (%) 172
FIG. 152 Nichii's Vision Contributing to the Resolution of Social Issues, Realizing Stable Long-Term Profit Growth, and Aiming to Become an Excellent Company that Contributes Globally 176
FIG. 153 Key Financials of Nichii Gakkan Co. Ltd. 177
FIG. 154 Nichii gakkan Co. Ltd, Revenue Split, 2018 (%) 178
FIG. 155 ApnaCare Private Limited Admission Process 180
List of Table
TABLE 1 Countries with Shift in Average Life Expectancies in 2030 24
TABLE 2 Global Smartphone User, by Region 2016-2021 (in million) 25
TABLE 3 Projected Sales of Professional and Personal Service Robots 2018-2022 (in million units) 34
TABLE 4 Top Product Launches in Elderly Care Service Sector 49
TABLE 5 Top Partnerships in Elderly Care Service Sector 49
TABLE 6 Top Mergers & Acquisition in Elderly Care Service Sector 51
TABLE 7 Top Business Expansion & Funding in Elderly Care Service Sector 52
TABLE 8 Purpose of the Service Based on Service/Facility 55
TABLE 9 Ten countries with the largest share of persons aged 60 years 2017 & 2025 71
TABLE 10 Top US firms Providing Elderly Care Services, 2016 82
TABLE 11 Benesse Holdings Inc. Key Facts 136
TABLE 12 Benesse Holdings Inc. Shareholding Structure 136
TABLE 13 The product segmentation of Benesse Holdings Inc. 137
TABLE 14 Benesse Holdings Inc. Growth Strategy 137
TABLE 15 Benesse Holdings Inc. Business Expansion 141
TABLE 16 Amedisys Inc. Key Facts 142
TABLE 17 The product segmentation of Amedisys Inc. 142
TABLE 18 Amedisys Inc. Growth Strategy 143
TABLE 19 Amedisys Inc Product Launch 145
TABLE 20 Amedisys Inc Partnerships (Strategic Alliance) 146
TABLE 21 Amedisys Inc Business Expansions 146
TABLE 22 Amedisys Inc Merger & Acquisition 146
TABLE 23 St Luke's Eldercare Ltd. Key Facts 148
TABLE 24 The product segmentation of St Luke's Eldercare Ltd. 148
TABLE 25 St Luke's Eldercare Ltd. Programs for Increased IT Capabilities 149
TABLE 26 St Luke's Eldercare Ltd. Programs for Enhancement of Services 149
TABLE 27 St Luke's Eldercare Ltd Partnership (Strategic Alliance) 152
TABLE 28 Brookdale Senior Living Inc. Key Facts 153
TABLE 29 The product segmentation of Brookdale Senior Living Inc. 153
TABLE 30 Brookdale Senior Living Inc. Growth Strategy 154
TABLE 31 Business Expansion & Investments Brookdale Senior Living Inc. 157
TABLE 32 Bayada Home Health Care Key Facts 158
TABLE 33 Product segmentation of Bayada Home Health Care 159
TABLE 34 Bayada Home Health Care Growth Strategy 159
TABLE 35 Home Health Care Product Launch Bayada 161
TABLE 36 Bayada Home Health care Partnership (Strategic Alliance) 161
TABLE 37 Bayada Home Health care Business Expansion & Investment 162
TABLE 38 Bayada Home Health care Merger & Acquisition 162
TABLE 39 Econ Healthcare Group Key Facts 163
TABLE 40 The product segmentation of Econ Healthcare Group 163
TABLE 41 Econ Healthcare Group Growth Strategy 164
TABLE 42 Econ Healthcare Group Partnership (Strategic Alliance) 164
TABLE 43 Epoch Elder Care Key Facts 165
TABLE 44 The product segmentation of Epoch Elder Care 165
TABLE 45 Epoch Elder Care Growth Strategy 166
TABLE 46 Kindred Healthcare LLC Key Facts 168
TABLE 47 Kindred Healthcare LLC. Growth Strategy 168
TABLE 48 The product segmentation of Kindred Healthcare LLC 169
TABLE 49 Kindred Healthcare LLC Partnerships (Strategic Alliance) 172
TABLE 50 Kindred Healthcare LLC Expansion & Investment 173
TABLE 51 Kindred Healthcare LLC Merger & Acquisitions 173
TABLE 52 Nichii Gakkan Co. Ltd Key Facts 174
TABLE 53 The product segmentation of Nichii gakkan Co. Ltd 175
TABLE 54 Nichii Gakkan Co. Ltd Growth Strategy 175
TABLE 55 Nichii Gakkan Co. Ltd Business Expansions 178
TABLE 56 ApnaCare Private Limited Key Facts 179
TABLE 57 The product segmentation of ApnaCare Private Limited Company 179
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