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U.S. Elderly Care Services Market - Focused Insights 2024-2029

Publisher Arizton Advisory and Intelligence
Published Feb 22, 2024
Length 94 Pages
SKU # ARZ18558202

Description

U.S. Elderly Care Services Market - Focused Insights 2024-2029


The U.S. elderly care services market was valued at USD 455.49 billion in 2023 and is expected to grow at a CAGR of 6.15% from 2023-2029.

U.S. ELDERLY CARE SERVICES MARKET INSIGHTS
  • By service type, the homecare segment dominated the elderly care services market by occupying over 32% of the market share in the year 2023, and it is expected to grow exponentially. This segment increase is attributed to many reasons, including the increasing aging population, the shift towards in-home care services by elders, and the prevalence of diseases among elders.
  • The non-healthcare application segment is growing with the highest CAGR of 6.47% in the U.S. elderly care services market during the forecast period. This is mainly because most older adults live in homes that they rent or own. The need for services and support like housework, bathing, or medicating is expected to increase.
  • The 75-84 age group occupies a significant market share in the U.S. elderly care services market, and growth projections for 2029 indicate that the number will increase even more. The growth of this segment is driven by baby boomers constantly looking for help in household activities. The oldest baby boomer will be 83 years old by then, and there is a sharp rise in middle-income seniors as they constitute a large portion of the overall senior population.
  • The Western region shows significant growth in market size and shares in the U.S. elderly care services market due to the considerable increase in the percentage of the elderly population in the Western region, which consists of 13 cities. California boasts the highest number of senior care providers compared to any other state in the U.S., making it home to a substantial portion of the nation in the West.
  • The elderly care service market in the U.S. is highly competitive due to numerous organizations offering similar services and community-based service programs. Due to their high geographical presence, availability of expertise, and well-known brand image, companies have better market share in the U.S. Brookdale Senior Living, Lincare, Amedisys, LHC Group, and Davita are some prominent players in the U.S. elderly care service market.
REPORT HIGHLIGHTS

PRODUCT SEGMENTATION & FORECAST
  • By Service Type
  • Home Care
  • Assisted Living
  • Nursing Care
  • Others
  • By Application
  • Non-Healthcare
  • Healthcare
  • By Age Group
  • Aged 65-74
  • Aged 75-84
  • Aged 85 and Above
  • By Geography
  • West Region
  • South Region
  • Mid-West Region
  • North-East Region
MARKET STRUCTURE
  • Market Dynamics
  • Competitive Landscape of Elderly Care Services Market
  • Key Vendors
  • Other Prominent Vendors
Key Players
  • Brookdale Senior Living
  • Lincare
  • Amedisys
  • LHC Group
  • Davita
Other Prominent Players
  • Humana
  • Genesis Healthcare
  • Bayada Home Health Care
  • National Church Residencies
  • The Ensign Group
  • Enlivant
  • Sunrise Senior Living
  • Life Care Centers of America
  • Elara Caring
  • Five Star Senior Living
  • BrightSpring Health Service
  • Fresenius Medical Care
  • Pacifica senior living
  • Eddy Senior Living
  • Embassy Healthcare Services
  • Erickson Senior Living
  • Frontier Management
  • Gardant Management Solutions
  • ProMedica Senior Care
  • Integral Senior Living
  • Kisco Senior Living
  • Leisure Care
  • Lifecare Services
  • MBK Senior Living
  • Meridian Senior Living
  • Merrill Garden
  • Northbridge Companies
  • Northstar Senior Living
  • Oakmont Senior Living
  • Pathway to Living
  • Pegasus Senior Living
  • Pinnacle Senior Living
  • Prestige Care
  • Senior Lifestyle
  • Senior Resource Group
  • Sinceri Senior Living
  • Vi Living
  • Waltonwood Senior Living
  • Watermark Retirement Communities
  • Americare Senior Living
  • Benchmark Senior Living
  • Belmont Village
  • The Evangelical Lutheran Good Samaritan Society
  • Spring Arbor
  • Trilogy Health Services
KEY QUESTIONS ANSWERED:

1. How big is the U.S. elderly care services market?

2. What is the growth of the U.S. elderly care services market?

3. What factors are driving the growth of the U.S. elderly care services market?

4. Who are the key players in the U.S. elderly care services market?

Table of Contents

94 Pages
CHAPTER – 1: Elderly Care Services Market Overview
Executive Summary
Key Findings
CHAPTER – 2: Elderly Care Services Market
U.S.: Projected Revenue of Elderly Care Services Market (2023-2029; $Billions)
CHAPTER – 3: Elderly Care Services Market Segmentation Data
U.S.: Projected Revenue by Service (2023-2029; $Billions)
Homecare
Assisted Living
Nursing Care
Others
U.S.: Projected Revenue by Application (2023-2029; $Billions)
Non-Healthcare
Healthcare
U.S.: Projected Revenue by Service Age Group (2023-2029; $Billions)
Aged 65-74
Aged 75-84
Aged 85 and Above
U.S.: Projected Revenue by Geography (2023-2029; $Billions)
West Region
South Region
Mid-West Region
North-East Region
CHAPTER – 4: Elderly Care Services Market Prospects & Opportunities
Elderly Care Services Market Opportunities & Trends
Elderly Care Services Market Drivers
Elderly Care Services Market Constraints
CHAPTER – 5: Elderly Care Services Industry Overview
Elderly Care Services Market - Competitive Landscape
Elderly Care Services Market – Key Vendor Profiles
Elderly Care Services Market - Other Prominent Vendors
Elderly Care Services Market - Key Strategic Recommendations
CHAPTER – 6: Appendix
Research Methodology
Abbreviations
About Arizton
LIST OF EXHIBITS
Exhibit 1: Projected Revenue of Elderly Care Services in U.S. (2023-2029)
Exhibit 2: Market Size & Forecast – Homecare (2023-2029)
Exhibit 3: Market Size & Forecast – Assisted Living (2023-2029)
Exhibit 4: Market Size & Forecast – Nursing Care (2023-2029)
Exhibit 5: Market Size & Forecast – Others (2023-2029)
Exhibit 6: Market Size & Forecast – Non-Healthcare (2023-2029)
Exhibit 7: Market Size & Forecast – Healthcare (2023-2029)
Exhibit 8: Market Size & Forecast – Aged 65-74 (2023-2029)
Exhibit 9: Market Size & Forecast – Aged 75-84 (2023-2029)
Exhibit 10: Market Size & Forecast – Aged Above 85 (2023-2029)
Exhibit 11: Market Size & Forecast – West Region (2023-2029)
Exhibit 12: Market Size & Forecast – South Region (2023-2029)
Exhibit 13: Market Size & Forecast – Mid-West Region (2023-2029)
Exhibit 14: Market Size & Forecast – North-East Region (2023-2029)

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