Elderly & Disabled Services in the US
Fueled by an aging population, demand for the Edlerly and Disabled Services industry has grown strongly during the five-year period to 2018. At the same time, growth in per capita disposable income, the expansion of Medicaid and private health insurance coverage have enabled more individuals and families to afford the cost of care. As a result, the industry has grown rapidly. Changing demographic trends have been the primary source of industry growth, with the number of people aged 65 and older expected to increase. In addition, increased Medicaid and private health insurance coverage under the Patient Protection and Affordable Care Act have made industry services financially accessible to more individuals, also contributing to industry growth. Over the five years to 2023, industry revenue is expected to grow significantly, primarily due to the continued aging of the population. In addition, as states continue to evolve Medicaid coverage to best suit the needs of the US population, coverage for custodial care is expected to increase.
This industry provides outpatient social assistance services to improve the quality of life for the elderly, the mentally ill and people with disabilities. Operators provide services in such areas as day care, nonmedical home care or homemaker services, social activities, group support and companionship. The industry does not include companies that primarily provide medical services or companies that provide overnight housing (e.g. retirement homes).
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook