Elderly and Disabled Services Market Sees Growing Demand for Patient Treatment Equipment

Services for the elderly and disabled market 2021 – Global forecast to 2030

Aging and Disability Business Research Company Services Market 2021 – Opportunities and Strategies – Global Forecast to 2030

LONDON, GREATER LONDON, UK, November 24, 2021 /EINPresswire.com/ – Rapidly growing geriatric population is expected to drive demand for elderly care services during the forecast period. The elderly population is prone to many physical disorders which increase the demand for patient handling equipment. The proportion of people over 65 is expected to increase globally and with it age-related neurological disorders are also expected to increase. For example, the percentage of the elderly population is expected to drop from 28% in 2019 to 38% in 2050 in Japan. Hence, the increase in the geriatric population would lead to an increase in the demand for patient handling equipment, which will also boost the patient handling equipment market during the forecast period.

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The global elderly and disabled services market size reached a value of nearly $ 335.88 billion in 2020, after increasing at a compound annual growth rate (CAGR) of 4.4% since 2015 The market is expected to grow from $ 335.88 billion in 2020 to $ 558.76 billion in 2025 at a rate of 10.7%. The market is then expected to grow at a CAGR of 8.5% from 2025 to reach $ 842.04 billion in 2030.

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Funds received by international NGOs are dwindling and many offices are closed. The decrease in fundraising due to financial constraints has prompted many NGOs to stop their operations abroad. For example, Oxfam is one of the largest NGOs which has undergone major restructuring and has closed some offices in the UK due to lack of funding. Development financing is affected by the lack of government assistance. For example, in March 2019, the United States government halted aid to Central American countries Guatemala, Honduras, and El Salvador. As large international NGOs rely heavily on government or intergovernmental funding, this trend will be a major constraint for the industry.

Key Players Covered in Global Services for Seniors and People with Disabilities Industry are CK Franchising Inc., Home Above Inc., SF Health, 24 Hour Home Care, Living Assistance Services.

Western Europe was the largest region in the elderly and disabled services market, accounting for 39.2% of the total in 2020. It was followed by Asia-Pacific, North America, then the other regions. Going forward, the fastest growing regions in the elderly and disabled services market will be South America and Africa, where growth will be 16.1% and 14.3, respectively. % in 2020-2025. These will be followed by the Middle East and Asia-Pacific, where the markets are expected to register CAGRs of 13.2% and 13.0% respectively during the period 2020-2025.

The Global TBRC Services for the Elderly and Disabled Market report is segmented by Institutional Care Service Type, Adult Day Care, Home Care, by Service Provider in Public Expenditure, Private Expenditure, Expenditure direct, by end user in elderly and disabled adults.

Global Services for the Elderly and Disabled People Market Report 2021 – By Service Type (Residential Care, Adult Child Care, Home Care), By Service Provider (Public Expenditure, Private Expenditure, Direct Expense), by end-user (seniors, adults with disabilities), COVID-19 Impact And Recovery is one of a series of new reports from The Business Research Company that provides market insight into the elderly and disabled services, services forecast for the Elderly and Disabled People market size and growth for the overall market, Elderly and Disabled Services market segments, and geographies, Elderly and disabled services market trends with disabilities, market drivers of services for the elderly and the disabled, constraints, services for the elderly and the disabled people with disabilities in the income market, profiles and services of the main competitors for the market share of the elderly and people with disabilities.

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Global Social Services Market Report 2021 – By Type (Educational Services, Social Assistance), By Operator Type (Public Operator, Private Operator), COVID-19 Impact and Recovery

Global Personal and Family Services Market Report 2021 – By Type (Children and Youth Services, Elderly and Disabled Services, Other Personal and Family Services), Impact and Recovery from COVID-19

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