The Report Titled on “Asia-Pacific Elderly Care Market Report- Development Trends, Market Size, Industry Opportunities and Competitive Landscape in 2021” firstly introduced the – Industry.This report gives you so valuable and essentials data of Market size, share, trends, Growth, applications, forecast and cost analysis.The report takes into account the impact of the COVID-19 pandemic on the Asia-Pacific Elderly Care market and is perfect for precision and accuracy that will help to meet business requirements at affordable rates. It will help you to grow in the international Market. The study breaks market by key regions that includes North America, Europe, Asia-Pacific with country level break-up and provide volume and value related cross segmented information by each country.
Elderly care market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.2% in the forecast period of 2020 to 2027 and expected to reach USD 341,854.33 million by 2027. Increasing ageing population and increasing use of social media on home healthcare are the major factors enhancing the market growth.
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Asia-Pacific Elderly Care Market Scenario
Asia-Pacific Elderly Care Market will rise from Covid-19 crisis at moderate growth rate during 2021 to 2028. Asia-Pacific Elderly Care market includes comprehensive information derived from depth study on Industry historical and forecast market data. Market Size to expand moderately as the new developments and Impact of COVID19 over the forecast period 2020 to 2027.
Due to multiple benefits of home healthcare such as nursing home, home care for geriatric population increases the growth of the market. The geriatric population growth rate is increasing in Asia where home healthcare may play an important role as it provides services to people at home; hence people are getting more inclined towards it.
For instance, in February 2018, an article published by World Health Organization, it has been estimated that around 125 million of people were aged 80 years or older. Further by 2050, approximately 120 million of aged people will live in China alone. So increasing population in countries of Asia Pacific may grow the market of Asia-Pacific elderly care market.
Key Players Studied In The Asia-Pacific Elderly Care Market:
- Right at Home, LLC
- Koninklijke Philips N.V
- Bayada Home Health Care
- Econ Healthcare Group
- Home Instead, Inc
- Econ Healthcare Group
- Orpea Groupe
- St Luke’s Eldercare Ltd.
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Asia-Pacific Elderly Care Market Scope And Market Size:-
Asia-Pacific elderly care market is segmented on the basis of product type, service and application. The growth among these segments helps you to analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the market is segmented into pharmaceuticals and housing and assistive devices. In 2020, housing and assistive devices is expected to dominate the growth of the elderly care market as the need for assistive devices is higher in homecare of elderly patients and growing geriatric population which are not capable of self-assistance hence, fuels the growth of the market in the forecast period of 2020 to 2027.
- On the basis of service, the market is segmented into homecare, institutional care and adult day care. In 2020, homecare segment is expected to dominate elderly care market as homecare provides its services and solution to aged patients at doorstep and one does not need to visit hospital hence, geriatric population is getting dependent and finding comfort with this facility, which ultimately leads to growth of the market in forecast period of 2020 to 2027.
- On the basis of application, the market is segmented into heart diseases, respiratory, diabetes, osteoporosis, cancer, neurological, kidney diseases, arthritis and others. In 2020, heart diseases segment is expected to dominate the growth of the market due to the growing incidences of blood pressure, cardiovascular diseases, hyper tension amongst elderly patients, leading the growth of the market in the coming year.
Asia-Pacific Elderly Care Market explains the key macro-economic factors that are expected to influence the growth of the market over the forecast period. The report also highlights macroeconomic factors and major forecast factors that will shape market growth, the reimbursement scenario, regulatory scenario, and the value chain analysis. Besides, it provides key dynamics of the Asia-Pacific Elderly Care market, which include the drivers, restraints, and opportunity analysis. The report also focuses on the market analysis of competitors based on revenue, single point view of portfolio across industry segments, and their relative market position. The opportunity analysis for the agents will help readers understand the market opportunities, based on which they can plan their strategies.
Complete Guidance Of The Asia-Pacific Elderly Care Market Report:
- The Asia-Pacific Elderly Care market report offers the most infallible and accurate data through the 360 degree research methodology.
- While formulating Asia-Pacific Elderly Care market research report, research analyst give 24×7 support to precisely understand the business requirements.
- With the help of SWOT analysis provided in the market research report, accurate intelligence can be obtained that aid business identify opportunities as well as both internal and external influences.
- To comprehend Asia-Pacific Elderly Care Market dynamics in the world mainly, the worldwide market is analyzed across major regions. Data Bridge Market Research also provides customized specific regional and country-level reports for the following areas.
- Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
On The Basis Of Segmentation, The Asia-Pacific Elderly Care Market Is Primarily Divided Into:
By Product Type (Pharmaceuticals, Housing and Assistive Devices)
By Service (Institutional Care, Homecare, Adult Day Care)
By Application (Heart Diseases, Cancer, Kidney Diseases, Diabetes, Arthritis, Osteoporosis, Neurological, Respiratory and Others)
Asia-Pacific Elderly Care Market: Regional Analysis Includes:
- Europe elderly care market is analysed and market size information is provided by country, by product type, service and application as referenced above.
- The countries covered in elderly care market report are China, Japan, India, South Korea, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines and rest of Asia-Pacific.
- China dominates the Asia-Pacific elderly care market due to increasing geriatric population associated with the diseases among elderly population. The rapidly increase in ageing population and ageing-associated disease strongly suggest the need for home healthcare to address the treatment of older people in China.
- For instance, According to an article published by World Health Organization in 2015, China in Asia-Pacific region has high aging people than middle-income or low income countries. They have also estimated that the population aged 60 years or older will increase from 12.4% in 2010 to 28.0% in 2040. Increasing aged population associated with diseases will require better care and home healthcare hence, china is dominating the Asia-Pacific elderly care market.
Key Market Players: Asia-Pacific Elderly Care Market:
Asia-Pacific elderly care market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Asia-Pacific elderly care market.
The major players covered in the report are Right at Home, LLC, Koninklijke Philips N.V, Bayada Home Health Care, Econ Healthcare Group, Home Instead, Inc., Econ Healthcare Group, Orpea Groupe, St Luke’s Eldercare Ltd., Rosewood Care Group, Medtronic, Interim HealthCare Inc, United Medicare Pte Ltd among other players in Europe. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In September 2019, Orpea Groupe has acquired Sinoué. Sinoué is a France based psychiatric hospitals group and provides 7 facilities and 592 beds for patients. This psychiatric hospital manages different types of services including psychiatric disorders such as depression, mental health care, bipolar disorder, sleeping disorder, addiction and various others. This acquisition has helped the company to enhance their business in psychiatric care offering both in France and globally.
- In January 2019, Home Instead, Inc. has entered into a partnership with GrandPad to offer an integrated care solution. This partnership has created an opportunity to the company to deliver technology based home care services across rural geographies.
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The Asia-Pacific Elderly Care market report also covers, the trade scenario, Porter’s Analysis, Industry analysis, value chain analysis, company market share, segmental analysis.
Points Covered In Table Of Content Of Asia-Pacific Elderly Care Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the market
Chapter 2: Exclusive Summary – the basic information of the Asia-Pacific Elderly Care Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Asia-Pacific Elderly Care
Chapter 4: Presenting the Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying market size by Type, End User and Region
Chapter 6: Evaluating the leading manufacturers of the market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2028).
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Asia-Pacific Elderly Care Market is a valuable source of guidance for individuals and companies in decision framework.
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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