Adult Day Care Market
Adult Day Care Market Forecasts to 2030 - Global Analysis By Type (Medical Focused, Dementia Specific, Respite Care, Recreational and Other Types), Service, Funding, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $17.6 BN |
|
Projected Year Value (2030) |
US $28.5 BN |
|
CAGR (2023 - 2030) |
7.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Adult Day Care Market is accounted for $17.6 billion in 2023 and is expected to reach $28.5 billion by 2030 growing at a CAGR of 7.1% during the forecast period. Adult day care refers to a supervised program providing care and activities for adults who need assistance or supervision during the day, usually due to physical or cognitive impairments, disabilities, or age-related conditions. These centers offer various services such as meals, social activities, therapy, and health monitoring, aiming to support participants' well-being and provide respite for caregivers or family members. The programs can cater to various needs, including medical care, social interaction, and therapeutic interventions, depending on the individuals attending.
According to the BMC Journal, in 2018, around 87.7% of the municipalities in Norway offered ADC services for dementia patients. According to the article published in the BMC Journal in 2022, day care is an important aspect of community care for dementia patients, and around 10% to 18% of patients with dementia are utilizing these services globally.
Market Dynamics:
Driver:
Increasing life expectancy
As people live longer, the demand for specialized care services catering to the elderly has surged. Adult day care centers offer a range of services, including health monitoring, social activities, and assistance with daily tasks. This expanding market addresses the need for quality care while allowing seniors to maintain independence. With advancements in healthcare and a growing aging population, the adult day care sector continues to witness increased demand and innovation to meet the evolving needs of older adults, driving its sustained growth.
Restraint:
Limited reimbursement options
The market often faces restricted reimbursement options, impacting accessibility and affordability for families. Government-funded programs l constraining choices for individuals requiring comprehensive care. Private insurance coverage varies widely, often offering partial payments or excluding certain services crucial for participants. This lack of diverse reimbursement options limits the availability of high-quality care, leaving many families grappling with financial strain and restricted access to essential adult day care services.
Opportunity:
Rise in chronic conditions
Chronic conditions are increasingly prevalent, prompting day care facilities to adapt by offering specialized care, tailored programs, and skilled medical supervision. This trend underscores the growing need for comprehensive and targeted support services within adult day care, emphasizing the importance of holistic care strategies to address the evolving health requirements of participants. Factors like an aging population, lifestyle changes, and improved diagnostics contribute to the growth of the market.
Threat:
Costs and affordability
Adult day care costs vary based on location, services offered, and level of care. Affordability hinges on factors like financial assistance programs, long-term care insurance, and Medicaid waivers that some centers accept. Families can explore sliding scale fees or subsidies based on income. Overall, affordability is a nuanced aspect, with options available for various financial situations, although accessibility to subsidized care and financial aid can greatly influence affordability for many seeking these services.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the adult day care market, causing closures, reduced capacities, and operational challenges. Concerns over infection risk led to decreased attendance as individuals and families prioritized safety. Facilities had to adapt with stringent health protocols and technology integration for remote engagement. Financial strains arose due to increased costs for safety measures and decreased revenue from lower attendance. Despite these challenges, some centers innovated by offering hybrid models or specialized services.
The dementia specific segment is expected to be the largest during the forecast period
The dementia specific segment is expected to be the largest during the forecast period due to tailored services and specialized care for individuals experiencing various forms of dementia. These programs offer personalized activities, cognitive stimulation, and supervision designed to support and engage individuals with dementia. Trained staff members ensure a safe and nurturing environment while implementing therapies to enhance cognitive function and quality of life.
The adult social day services segment is expected to have the highest CAGR during the forecast period
The adult social day services segment is expected to have the highest CAGR during the forecast period. These services offer a safe and engaging environment, fostering social interaction, mental stimulation, and assistance with daily living activities. They aim to enhance well-being, promote independence, and offer respite for caregivers. Through a combination of recreational, therapeutic, and health-related activities, they ensure a supportive and inclusive space, contributing to the holistic care and quality of life for participants in the adult day care market.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. With a focus on enhancing quality of life, these centers provide assistance, therapies, and recreational programs, enabling families to maintain employment while ensuring their loved ones receive proper care. The market expansion is driven by an aging population, increased awareness of mental health, and the need for specialized care options. This sector continues to evolve, emphasizing personalized care and innovative services to meet diverse needs across the region.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period due to rising aging populations and evolving societal structures. Increased awareness of elder care needs, coupled with government initiatives promoting senior well-being, fosters market expansion. Innovations in technology integration for personalized care, alongside growing urbanization, further propel the demand for accessible adult day care services. This market's trajectory suggests continual development, driven by cultural shifts and a commitment to enhancing the quality of life for seniors in the region.
Key players in the market
Some of the key players in Adult Day Care market include Amedisys, Active Day/Senior Care, Adult Life Programs, CCACC Joyful Day Care Center, Badisa, Care Futures, ElderCareCanada, Deutsches Altenheim, GerHogar, Grace Adult Health Care, Living Assistance Services Inc., Town Square Adult Day Center and Journey Adult Day Center.
Key Developments:
In March 2023, Town Square Adult Day Center was opened in north Sarasota to provide services and respite for local seniors and their caregivers. It is a senior-focused facility with programs designed to help seniors with medical conditions such as dementia, Alzheimer, and other mobility and cognitive conditions.
In February 2023, Journey Adult Day Center announced to open a new adult day center in Greensboro to alleviate DHHS waitlists.
Types Covered:
• Medical Focused
• Dementia Specific
• Respite Care
• Recreational
• Other Types
Services Covered:
• Adult Social Day Services
• Adult Day Healthcare Services
• Specialized Day Care Services
Fundings Covered:
• Private
• Public
End Users Covered:
• Elderly
• Disabled Individuals
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Adult Day Care Market, By Type
5.1 Introduction
5.2 Medical Focused
5.3 Dementia Specific
5.4 Respite Care
5.5 Recreational
5.6 Other Types
6 Global Adult Day Care Market, By Service
6.1 Introduction
6.2 Adult Social Day Services
6.3 Adult Day Healthcare Services
6.4 Specialized Day Care Services
7 Global Adult Day Care Market, By Funding
7.1 Introduction
7.2 Private
7.3 Public
8 Global Adult Day Care Market, By End User
8.1 Introduction
8.2 Elderly
8.3 Disabled Individuals
8.4 Other End Users
9 Global Adult Day Care Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Amedisys
11.2 Active Day/Senior Care
11.3 Adult Life Programs
11.4 CCACC Joyful Day Care Center
11.5 Badisa
11.6 Care Futures
11.7 ElderCareCanada
11.8 Deutsches Altenheim
11.9 GerHogar
11.10 Grace Adult Health Care
11.11 Living Assistance Services Inc.
11.12 Town Square Adult Day Center
11.13 Journey Adult Day Center
List of Tables
1 Global Adult Day Care Market Outlook, By Region (2021-2030) ($MN)
2 Global Adult Day Care Market Outlook, By Type (2021-2030) ($MN)
3 Global Adult Day Care Market Outlook, By Medical Focused (2021-2030) ($MN)
4 Global Adult Day Care Market Outlook, By Dementia Specific (2021-2030) ($MN)
5 Global Adult Day Care Market Outlook, By Respite Care (2021-2030) ($MN)
6 Global Adult Day Care Market Outlook, By Recreational (2021-2030) ($MN)
7 Global Adult Day Care Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Adult Day Care Market Outlook, By Service (2021-2030) ($MN)
9 Global Adult Day Care Market Outlook, By Adult Social Day Services (2021-2030) ($MN)
10 Global Adult Day Care Market Outlook, By Adult Day Healthcare Services (2021-2030) ($MN)
11 Global Adult Day Care Market Outlook, By Specialized Day Care Services (2021-2030) ($MN)
12 Global Adult Day Care Market Outlook, By Funding (2021-2030) ($MN)
13 Global Adult Day Care Market Outlook, By Private (2021-2030) ($MN)
14 Global Adult Day Care Market Outlook, By Public (2021-2030) ($MN)
15 Global Adult Day Care Market Outlook, By End User (2021-2030) ($MN)
16 Global Adult Day Care Market Outlook, By Elderly (2021-2030) ($MN)
17 Global Adult Day Care Market Outlook, By Disabled Individuals (2021-2030) ($MN)
18 Global Adult Day Care Market Outlook, By Other End Users (2021-2030) ($MN)
19 North America Adult Day Care Market Outlook, By Country (2021-2030) ($MN)
20 North America Adult Day Care Market Outlook, By Type (2021-2030) ($MN)
21 North America Adult Day Care Market Outlook, By Medical Focused (2021-2030) ($MN)
22 North America Adult Day Care Market Outlook, By Dementia Specific (2021-2030) ($MN)
23 North America Adult Day Care Market Outlook, By Respite Care (2021-2030) ($MN)
24 North America Adult Day Care Market Outlook, By Recreational (2021-2030) ($MN)
25 North America Adult Day Care Market Outlook, By Other Types (2021-2030) ($MN)
26 North America Adult Day Care Market Outlook, By Service (2021-2030) ($MN)
27 North America Adult Day Care Market Outlook, By Adult Social Day Services (2021-2030) ($MN)
28 North America Adult Day Care Market Outlook, By Adult Day Healthcare Services (2021-2030) ($MN)
29 North America Adult Day Care Market Outlook, By Specialized Day Care Services (2021-2030) ($MN)
30 North America Adult Day Care Market Outlook, By Funding (2021-2030) ($MN)
31 North America Adult Day Care Market Outlook, By Private (2021-2030) ($MN)
32 North America Adult Day Care Market Outlook, By Public (2021-2030) ($MN)
33 North America Adult Day Care Market Outlook, By End User (2021-2030) ($MN)
34 North America Adult Day Care Market Outlook, By Elderly (2021-2030) ($MN)
35 North America Adult Day Care Market Outlook, By Disabled Individuals (2021-2030) ($MN)
36 North America Adult Day Care Market Outlook, By Other End Users (2021-2030) ($MN)
37 Europe Adult Day Care Market Outlook, By Country (2021-2030) ($MN)
38 Europe Adult Day Care Market Outlook, By Type (2021-2030) ($MN)
39 Europe Adult Day Care Market Outlook, By Medical Focused (2021-2030) ($MN)
40 Europe Adult Day Care Market Outlook, By Dementia Specific (2021-2030) ($MN)
41 Europe Adult Day Care Market Outlook, By Respite Care (2021-2030) ($MN)
42 Europe Adult Day Care Market Outlook, By Recreational (2021-2030) ($MN)
43 Europe Adult Day Care Market Outlook, By Other Types (2021-2030) ($MN)
44 Europe Adult Day Care Market Outlook, By Service (2021-2030) ($MN)
45 Europe Adult Day Care Market Outlook, By Adult Social Day Services (2021-2030) ($MN)
46 Europe Adult Day Care Market Outlook, By Adult Day Healthcare Services (2021-2030) ($MN)
47 Europe Adult Day Care Market Outlook, By Specialized Day Care Services (2021-2030) ($MN)
48 Europe Adult Day Care Market Outlook, By Funding (2021-2030) ($MN)
49 Europe Adult Day Care Market Outlook, By Private (2021-2030) ($MN)
50 Europe Adult Day Care Market Outlook, By Public (2021-2030) ($MN)
51 Europe Adult Day Care Market Outlook, By End User (2021-2030) ($MN)
52 Europe Adult Day Care Market Outlook, By Elderly (2021-2030) ($MN)
53 Europe Adult Day Care Market Outlook, By Disabled Individuals (2021-2030) ($MN)
54 Europe Adult Day Care Market Outlook, By Other End Users (2021-2030) ($MN)
55 Asia Pacific Adult Day Care Market Outlook, By Country (2021-2030) ($MN)
56 Asia Pacific Adult Day Care Market Outlook, By Type (2021-2030) ($MN)
57 Asia Pacific Adult Day Care Market Outlook, By Medical Focused (2021-2030) ($MN)
58 Asia Pacific Adult Day Care Market Outlook, By Dementia Specific (2021-2030) ($MN)
59 Asia Pacific Adult Day Care Market Outlook, By Respite Care (2021-2030) ($MN)
60 Asia Pacific Adult Day Care Market Outlook, By Recreational (2021-2030) ($MN)
61 Asia Pacific Adult Day Care Market Outlook, By Other Types (2021-2030) ($MN)
62 Asia Pacific Adult Day Care Market Outlook, By Service (2021-2030) ($MN)
63 Asia Pacific Adult Day Care Market Outlook, By Adult Social Day Services (2021-2030) ($MN)
64 Asia Pacific Adult Day Care Market Outlook, By Adult Day Healthcare Services (2021-2030) ($MN)
65 Asia Pacific Adult Day Care Market Outlook, By Specialized Day Care Services (2021-2030) ($MN)
66 Asia Pacific Adult Day Care Market Outlook, By Funding (2021-2030) ($MN)
67 Asia Pacific Adult Day Care Market Outlook, By Private (2021-2030) ($MN)
68 Asia Pacific Adult Day Care Market Outlook, By Public (2021-2030) ($MN)
69 Asia Pacific Adult Day Care Market Outlook, By End User (2021-2030) ($MN)
70 Asia Pacific Adult Day Care Market Outlook, By Elderly (2021-2030) ($MN)
71 Asia Pacific Adult Day Care Market Outlook, By Disabled Individuals (2021-2030) ($MN)
72 Asia Pacific Adult Day Care Market Outlook, By Other End Users (2021-2030) ($MN)
73 South America Adult Day Care Market Outlook, By Country (2021-2030) ($MN)
74 South America Adult Day Care Market Outlook, By Type (2021-2030) ($MN)
75 South America Adult Day Care Market Outlook, By Medical Focused (2021-2030) ($MN)
76 South America Adult Day Care Market Outlook, By Dementia Specific (2021-2030) ($MN)
77 South America Adult Day Care Market Outlook, By Respite Care (2021-2030) ($MN)
78 South America Adult Day Care Market Outlook, By Recreational (2021-2030) ($MN)
79 South America Adult Day Care Market Outlook, By Other Types (2021-2030) ($MN)
80 South America Adult Day Care Market Outlook, By Service (2021-2030) ($MN)
81 South America Adult Day Care Market Outlook, By Adult Social Day Services (2021-2030) ($MN)
82 South America Adult Day Care Market Outlook, By Adult Day Healthcare Services (2021-2030) ($MN)
83 South America Adult Day Care Market Outlook, By Specialized Day Care Services (2021-2030) ($MN)
84 South America Adult Day Care Market Outlook, By Funding (2021-2030) ($MN)
85 South America Adult Day Care Market Outlook, By Private (2021-2030) ($MN)
86 South America Adult Day Care Market Outlook, By Public (2021-2030) ($MN)
87 South America Adult Day Care Market Outlook, By End User (2021-2030) ($MN)
88 South America Adult Day Care Market Outlook, By Elderly (2021-2030) ($MN)
89 South America Adult Day Care Market Outlook, By Disabled Individuals (2021-2030) ($MN)
90 South America Adult Day Care Market Outlook, By Other End Users (2021-2030) ($MN)
91 Middle East & Africa Adult Day Care Market Outlook, By Country (2021-2030) ($MN)
92 Middle East & Africa Adult Day Care Market Outlook, By Type (2021-2030) ($MN)
93 Middle East & Africa Adult Day Care Market Outlook, By Medical Focused (2021-2030) ($MN)
94 Middle East & Africa Adult Day Care Market Outlook, By Dementia Specific (2021-2030) ($MN)
95 Middle East & Africa Adult Day Care Market Outlook, By Respite Care (2021-2030) ($MN)
96 Middle East & Africa Adult Day Care Market Outlook, By Recreational (2021-2030) ($MN)
97 Middle East & Africa Adult Day Care Market Outlook, By Other Types (2021-2030) ($MN)
98 Middle East & Africa Adult Day Care Market Outlook, By Service (2021-2030) ($MN)
99 Middle East & Africa Adult Day Care Market Outlook, By Adult Social Day Services (2021-2030) ($MN)
100 Middle East & Africa Adult Day Care Market Outlook, By Adult Day Healthcare Services (2021-2030) ($MN)
101 Middle East & Africa Adult Day Care Market Outlook, By Specialized Day Care Services (2021-2030) ($MN)
102 Middle East & Africa Adult Day Care Market Outlook, By Funding (2021-2030) ($MN)
103 Middle East & Africa Adult Day Care Market Outlook, By Private (2021-2030) ($MN)
104 Middle East & Africa Adult Day Care Market Outlook, By Public (2021-2030) ($MN)
105 Middle East & Africa Adult Day Care Market Outlook, By End User (2021-2030) ($MN)
106 Middle East & Africa Adult Day Care Market Outlook, By Elderly (2021-2030) ($MN)
107 Middle East & Africa Adult Day Care Market Outlook, By Disabled Individuals (2021-2030) ($MN)
108 Middle East & Africa Adult Day Care Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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