Geriatric Care Services Market Price, Sales Research and Gross Margin Analysis up to 2022

Service Insights
Based on the services, the market is segmented as home care, adult day care, and institutional care. Institutional
services market held the largest market share of about 41.1% in 2014 pertaining to the factors such as presence
of large number of institutions and high usage levels of the institutions offering geriatric care services. In
addition, homecare services is expected to witness fastest growth over the forecast period owing to increasing
awareness regarding the advantage associated with the home care services among the elderly and patients in
post-surgery recoveries. Increasing demand for independent aging solutions and need for reducing overall cost
of care services further drives up demand for such services. However, low preference and availability of other
options such as community centers and assisted living in developing countries may limit the growth of geriatric
care services.
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Regional Insight
North America dominated the market with the maximum share of 44.5% in 2014. Some of the key factors
attributing to the market growth include favorable reimbursement policies and presence of large number of
care centers in the U.S. According the Center of Disease Control (CDC) in 2012, there were nearly 95% nursing
homes, 77% adult day care service centers, 78% home health agencies, and 52% residential care communities
were certified to participate in Medicaid. Asia pacific region is expected to be the fastest growing segment with
a CAGR of 8.5% over the forecast period. The region offers untapped potential due to low product penetration
rate, unmet medical needs, and large elderly population base in emerging economies like India and China. Rising
incidences of neurological, orthopedic, and cardiovascular disorders in such countries is expected to drive the
growth in this region. The growth prospects in Mexico is significant during the forecast period due to inadequate
and distributed geriatric care services.
Competitive Insights
Few of the key participants of geriatric care services market include, Senior Care Centers of America; Brookdale
Senior living; Kindred Healthcare Inc.; Genesis Healthcare Corp.; Sunrise Senior Living Inc.; GGNSC Holdings, LLC
and Extendicare, Inc.
Market Segment
Service Outlook (Revenue, USD Billion, 2012 - 2022)