Adult Day Care
The Adult Day Care industry has performed well over the past five years. The steadily aging population and vastly costlier alternative long-term care options (such as nursing homes, for example, which can cost five times more than adult day care) fueled demand for industry services. As the economy recovered, state and local government budgets improved and disposable income increased, helping industry growth return to prerecessionary levels. Over the next five years, the number of people aged 65 and older in the United States is projected to continue expanding as a share of the total population. As the population ages, the prevalence of Alzheimer's and other physical and mental diseases will increase, bolstering demand for adult day care services. Disposable income will also grow as economic growth continues, enabling households to better afford adult day care services.
This industry provides social and basic health assistance, including transportation, meals, personal hygiene and therapeutic activities, to the elderly and individuals with mental or physical disabilities. Services are typically provided during normal business hours through adult care centers. This industry does not include home care.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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