Elder Care, is Specialized care and treatment that is intended to address the issues and prerequisites of senior citizens at different stages. Geriatric or Elder Care in itself is a somewhat expansive term, including assisted living, nursing care, adult day care, home care, and hospice care. All senior citizens do not need care by default. When a person faces difficulties in performing their “Activities of Daily Living” (ADLs), with the required safety and independence, the field of Elder Care Service comes into picture. When the elderly person’s physical, cognitive and emotional health is being taken care of due to lack in the person’s ability to do so, it may be termed as Elder Care or Geriatric Care. There are options for receiving the care either at home or formally set up facilities. The extent of help required varies from person to person.

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Factors such as the rising elderly or geriatric population in the world and prevalence of many chronic diseases like diabetes, high blood pressure etc. are some of the primary drivers for the elder care services market. In addition, the increased spending by the people in the healthcare sector and the various government aids coupled with many insurance coverage options for the elderly, has helped this market grow further. Moreover, the increased life expectancy and innovations in the technological field has also created a need for the Geriatric care market. Some common problems, such as the forgetting of things or inability to orient thoughts properly, require special care and support and creates a niche demand in the elder care services market. As the world is seeing a very busy young generation complementing the already increasing geriatric population, it shows a very high growth prospective in the market for the elderly care especially for the day care and home care services. The overgrowing demand with limited players in the market is one of the major restraints faced by this market currently.

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Various notable players in the market includes Brookdale Senior Living Inc., Genesis Healthcare, HCR Manor Care, Holiday Retirement, Evangelical Lutheran Good Samaritan Society, Golden Living, Sunrise Seniors Living Inc., 5 Star Quality Care, Atria and The Ensign Group among others.

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The Global elder care services market has been segmented by service type, by service providers, by age and key geographies. Based on service type the market comprises of Home Care, Adult Day Care and Institutional Care. The research report “Global elder care services market” provides in-depth analysis of the global elder care services market based on service type, service providers, age and major geographies for the forecast period from 2018 to 2025. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global elder care services market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Key questions answered in this research report:

At what pace is global elder care services market growing? What will be growth trend in future?
What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global elder care services market?
What are the various application areas and how they are poised to grow?

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