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Global Elder Care Market: OverviewThe report details an exhaustive account of this market along with numerous associated factors.

Some of the factors included in the report are drivers, restraints, competitive analysis, latest trends and opportunities, geographical outlook, and many other aspects.

The global elder care market has also been described on the basis of its prime segments, which are expected to provide key insights to the readers.

From an overall perspective, the report is expected to exist as a valuable publication to businesses which are already operating in the global elder care market, as well for those who intend to newly establish themselves in this environment.

A rising demand for residential care facilities for elderly people suffering from chronic ailments such as dementia and Alzheimer’s is also expected to stoke the market’s growth during the next few years.

Of these, North America grabs the lion’s share in terms revenue gained thanks to the presence of a strong healthcare infrastructure along with associated elder care activities.

The overall elder care services market is estimated to be valued at US$ 927.1 billion in 2017 and is slated to reach a market value nearly US$1767.3 billion in the year end 2025.

This billion dollar market is projected to grow progressively at a CAGR of 8.4% during the assessment period.The overall market is segmented into service type, financing source and region.

Forecast by service typeBased on service type, the market is sub-segmented into institutional care, home-based care and community-based care.

The institutional care segment is projected to account for nearly 75% of revenue share of the market in 2025 and remain lucrative throughout the forecast period.

However, by 2025, the community-based care remains the second leading sector to account for nearly 18% revenue share of the market.Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114971/Elder-Care-Services-MarkForecast by financing sourceIn terms of financing source, the overall market is sub-segmented into out-of-pocket spending, public expenditure and private source.

The public expenditure majorly finances the overall elder care services market, exhibiting a CAGR of 7.9% during the assessment period.

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DELHI, OCTOBER 5, 2020 – Today’s older population might have the mindset of “Age 60 is the new 30”, but that doesn’t mean they have the flexibility and agility of a 30-year old to go out and manage everything on their own during the times of COVID-19 crisis.

Thanks to Seniors First, a technology and information enabled eCommerce platform that can help improve senior care in India.

On this one-stop platform, seniors can browse lists of service providers and their contact details in the neighborhood.

They get the independence to choose and get their preferred product or service.Previously, the elderly family members were taken care of by other members of the family.

Senior care services from professionals can help our elderly citizens lead a confident life and most importantly, book services sitting at the comfort of their homes.The Chairman of Seniors First said, “The COVID-19 has taken the elder care crisis to a more challenging level across the globe, and not just in India.

We hope platforms like Seniors First will act as a virtual community from where they can browse and find suitable services from their phones.” The platform also enables seniors to join preferred communities and beat loneliness by joining several engagement activities offered by Seniors First.He further added, “The website and navigation has been designed keeping in mind our targeted customers.

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