Geriatric care services market in APAC estimated to reach $361 B by 2023

reogma|Geriatric care services market in APAC estimated to reach $361 B by 2023

Asia-Pacific Geriatric Care Services Market was valued at US$ 241.2 billion in 2018 and is anticipated to reach $ 361 billion by 2023, registering a CAGR of 8.4% from 2019 to 2023 driven by an expanding elderly population.

  • Definition / Scope
  • Market Overview
  • Key Metrics
  • Market Risks
  • Market Trends
  • Industry Challenges
  • Technology Trends
  • Other Key Market Trends
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References

Definition / Scope

The geriatric care is that term that defines the fulfillment of the essential need and demands that are unique to the senior populace. Geriatric care service is a specialized segment of healthcare looking after the old age population in terms of their health, needs, living, and their overall quality of life. 

Asia and the Pacific region are home to 60% of the world’s population, with 4.3 billion people and include the world’s most populous countries, China and India.

Between now and 2050 the number of people aged 60 years and older in the region will more than double, reaching 1.3 billion. By the middle of this century, one in four people will be 60 or older, compared to one in ten today.

Due to the increasing old age population and the growing number of care facilities like home care, daycare, and institutional care services across the globe, the geriatric care services market size is quite overtly expected to increase in the coming years.

Owing to the wide-ranging of elderly care found nationally, as well as distinguishing the cultural standpoints on the elderly citizens, cannot be restricted to any one practice.

Moreover, it highlights the social and personal needs of the senior populations who demand some support with the daily activities and health care, but who craving to age with the formality.

Table: Asia-Pacific Geriatric Care Services Market Key Segments

By Product Type     Housing and Assistive Devices Pharmaceuticals
By Service  Home Care Adult Day Care Institutional Care
By Service ProviderPublic Private
By CountryJapan Korea Singapore Australia New Zealand Hong Kong Others  


This report is 23 mins read | Subscribe now to read further.

Access all reports on site for only US$9.99/mo


Leave a Reply

Next Post

Tourism industry in Kenya growing at 5.2% until 2025

Tue Apr 23 , 2019
Asia-Pacific Geriatric Care Services Market was valued at US$ 241.2 billion in 2018 and is anticipated to reach $ 361 billion by 2023, registering a CAGR of 8.4% from 2019 to 2023 driven by an expanding elderly population. Definition / Scope Market Overview Key Metrics Market Risks Market Trends Industry […]
reogma|Geriatric care services market in APAC estimated to reach $361 B by 2023reogma|Geriatric care services market in APAC estimated to reach $361 B by 2023

Tags

Tags

Newsletter Signup

Subscribe to our newsletter below and never miss the latest product or an exclusive offer.