Senior In-Home Care Services Market Overview
The senior in-home care services industry is benefiting from a growing number of aging baby boomers. People now-a days have longer life expectancy due to the advancements in medicine and technology, and thus increasing number of seniors are looking to age in their homes and maintain independence for as long as possible.
Senior in-home care service providers deliver customized solutions according to patient’s budget and needs. Senior in-home care services are provided by licensed healthcare professionals or caregivers and may provide daily assistance to make sure that activities of daily living are met.
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Senior In-Home Care Services Market: Drivers and Restraints
Rapidly aging population and desire for living independent aging are primary factors driving growth of senior in-home care services market. Average age of the population has risen in last decade and elder people are typically willing to stay at home and maintain existing lifestyle.
According to The Home Care Assistance–one of the providers of senior in-home care services in the U.S. – there will be over 1 Mn centenarians in North America by 2015. Moreover, in-home care services are also getting reimbursement which is expected to enhance the adoption of senior in-home care services in near-term.
Government of many countries are also encouraging people to take in-home care services to minimize healthcare spending. On top of that, rising prevalence of Alzheimer’s disease, Parkinson’s disease and other chronic diseases such as cancer is expected to drive the global market for senior in-home care services over the forecast period of 2017–2027.
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Senior In-Home Care Services Market: Segmentation
Tentatively, global senior in-home care services market has been segmented on the basis of service type, and geography
Based on service type, global senior in-home care services market is segmented as below:
- Wellness and Medical Services
- Companionship Care and Homemaking Services
- Nursing Care Services
- Alzheimer’s and Dementia Care Services
- Hospice Care and Rehabilitation Services
- Physical and Occupational Therapy Services
- Others
Senior In-Home Care Services Market: Key Players
Some of the players identified in global senior in-home care services market include Sunny Days In-Home Care, Inc., Right at Home, LLC., Comfort Keepers Inc., Home Instead Inc. Home Helpers Home Care Services, SYNERGY HomeCare, Home Care Assistance etc. among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Senior In-Home Care Services Market: Regional Outlook
Geographically, global senior in-home care services market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America clearly dominates the global senior in-home care services market due to high rate of reimbursement for medical as well as non-medical services.
Europe is expected to be the second largest market due to rising number aging of baby boomers requiring care at home. Asia Pacific senior in-home care services market is still in initial phase of development and expected to witness fastest growth in the nearest future due to acceptance for personal dignity of the elder loved ones by the families.
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