Lucintel Forecasts the Global Elder Care Service Market to Reach $1.5 billion by 2030

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According to a market report by Lucintel, the future of the global elder care service market looks promising with opportunities in the heart disease, cancer, kidney disease, diabetes, arthritis, osteoporosis, neurological, and respiratory markets. The global elder care service market is expected to reach an estimated $1.5 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are surge in aging population, rising chronic sickness, and growing awareness of home care services.

A more than 150 – page report is developed to understand Trends, opportunity and forecast in elder care service market to 2030 by product (pharmaceuticals and housing & assistive devices), service (homecare, institutional care, and adult day care), application (heart diseases, cancer, kidney diseases, diabetes, arthritis, osteoporosis, neurological, respiratory, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, pharmaceutical and housing & assistive device are the major segments of elder care service market by product. Lucintel forecasts that housing & assistive device will remain the larger segment over the forecast period due to the growing elderly population and the necessity for assistive technology in elderly patients' at-home care.

Within this market, heart disease will remain the largest segment due to the growing incidence of cardiovascular diseases, high blood pressure, and hypertension in the elderly.

Download sample by clicking on elder care service market

North America will remain the largest region over the forecast period due to the enormous number of senior healthcare facilities and assisted living facilities in the area.

Endo Pharmaceuticals, Merck, AstraZeneca, Pfizer, Allergan, Bristol-Myers Squibb, Regeneron Pharmaceuticals, F. Hoffmann-La Roche, Octapharma, and Epoch Elder Care are the major suppliers in the elder care service market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com

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