Geriatrics and Elderly Care

The market for products and care for seniors is expected to increase from almost $320 billion in 2013 to $436.6 billion by 2018, representing a five-year compound annual growth rate of 6.4%, according to a new market research report by BCC Research. The world population of people aged at least 65 years is growing at an unprecedented pace, driven by better healthcare, nutrition and a dramatic decrease in infectious disease exposure. The last few years have witnessed changing demographics and an increasing life-expectancy of the global population, resulting in the rapid growth of a geriatric population requiring medical support. Also, a changing trend in the form of absence of family based caregiving as well as changing consumer preferences pertaining to the type of medical care is also emerging in several countries. These factors will primarily drive revenue growth of the elder care market across the globe. These factors have resulted in the widespread adoption of elder care, as a result of which the global elder care services market is already a billion dollar market, likely to grow steadily at 8.4% CAGR between 2017 and 2025. The global market for elder care represents an absolute $ opportunity of US$ 72.1 Bn in 2018 over 2017 and incremental opportunity of US$ 840.2 Bn between 2017 and 2025. In Europe the institutional care segment will remain the most lucrative, with a market attractiveness index of 2.6. Elderly Care is showing special care to senior citizens regarding their daily needs. When their physical health begin to fail maintaining of the body becomes difficult. Seniors living in both home and senior living community, medical and non-medical home care should be provided. Longevity refers to duration of life or life expectancy. It is dependent on a person’s health condition and age. Exercise, diet and lifestyle are major factors that can affect longevity. Elderly care attends not just to the physical but also the psychosocial and spiritual concerns of patients and their families, and extends into the bereavement period. Elderly care is the term used to describe the support and medical care given during the time surrounding death. More updates can be found at Elderly Care Conferences.

  • Elderly Home Care
  • Geriatric Nursing Homes
  • Elderly Online Healthcare
  • Clinical Geriatrics
  • Geriatric Palliative Care
  • Geriatric Hospice Care
  • Geriatric Care and Euthanasia

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