Elderly Care And Geriatrics Market
Elderly Care & Geriatrics Market Forecasts to 2032 – Global Analysis By Care Type (Home Healthcare, Day Care Centers, Assisted Living Facilities, Nursing Homes and Telecare & Remote Monitoring), Service Type, Age Group, Mode of Care, Technology, End User and By Geography
According to Stratistics MRC, the Global Elderly Care & Geriatrics Market is accounted for $161.7 billion in 2025 and is expected to reach $273.6 billion by 2032 growing at a CAGR of 7.8% during the forecast period. Elderly care and geriatrics refer to the specialized medical and support services designed to meet the unique needs of aging individuals. This field encompasses preventive, diagnostic, therapeutic, and rehabilitative care for older adults, addressing age-related conditions such as dementia, arthritis, and cardiovascular diseases. Elderly care includes home-based services, assisted living, nursing homes, and hospice care, focusing on enhancing quality of life, independence, and dignity. Geriatrics, a branch of medicine, emphasizes holistic treatment and management of physical, mental, and social health in seniors. As global populations age, elderly care and geriatrics play a vital role in ensuring healthy aging and well-being.
Market Dynamics:
Driver:
Aging global population
The aging global population is a primary driver of the elderly care and geriatrics market. With increasing life expectancy and declining birth rates, the proportion of older adults is rising worldwide. This demographic shift fuels demand for specialized healthcare services, assisted living, and home-based care. Governments and healthcare providers are expanding infrastructure and policies to support aging populations. As seniors require more frequent and complex medical attention, the market for elderly care continues to grow, emphasizing quality of life and independence.
Restraint:
High cost of care services
The high cost of elderly care services presents a significant restraint to market growth. Long-term care, including nursing homes, assisted living, and specialized medical treatments, can be financially burdensome for families and individuals. In many regions, insurance coverage and government support are limited, making access to quality care challenging. These expenses deter adoption of advanced services and technologies, especially in low- and middle-income countries. Addressing affordability and expanding public funding are crucial to overcoming this barrier and ensuring inclusive care.
Opportunity:
Rise in chronic diseases
The increasing prevalence of chronic diseases among the elderly offers a major opportunity for market expansion. Conditions such as dementia, arthritis, diabetes, and cardiovascular disorders require ongoing medical attention and specialized care. This trend drives demand for geriatric services, home healthcare, and advanced diagnostics. As healthcare systems adapt to manage long-term illnesses, providers are investing in personalized treatment plans and integrated care models. The rise in chronic conditions underscores the need for comprehensive elderly care solutions, boosting market growth.
Threat:
Shortage of skilled caregivers
A shortage of skilled caregivers poses a serious threat to the elderly care and geriatrics market. As demand for specialized services grows, the supply of trained professionals—nurses, therapists, and geriatricians—often falls short. This gap affects service quality, patient outcomes, and operational efficiency. Recruiting and retaining qualified staff is challenging due to low wages, high stress, and limited training programs. Without adequate workforce development, healthcare systems may struggle to meet the needs of aging populations, hindering market progress.
Covid-19 Impact:
The Covid-19 pandemic had a profound impact on the elderly care and geriatrics market. Seniors were among the most vulnerable, prompting urgent upgrades in safety protocols, remote monitoring, and infection control. The crisis accelerated adoption of telehealth, digital health tools, and home-based care models. While the pandemic strained resources and exposed systemic gaps, it also highlighted the importance of resilient and responsive elderly care infrastructure. Post-pandemic recovery is driving innovation and investment, reshaping the future of geriatric services.
The home healthcare segment is expected to be the largest during the forecast period
The home healthcare segment is expected to account for the largest market share during the forecast period because seniors increasingly prefer receiving care in familiar environments, promoting comfort and independence. Home healthcare services include nursing, physiotherapy, medication management, and remote monitoring, offering cost-effective and personalized solutions. Technological advancements like wearable devices and telemedicine enhance service delivery. As aging populations grow, home healthcare emerges as a vital component, driving substantial market share and long-term growth.
The medical services segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the medical services segment is predicted to witness the highest growth rate, due to rising demand for specialized treatments, diagnostics, and chronic disease management among older adults. Innovations in geriatric medicine, rehabilitation, and preventive care are enhancing service quality and accessibility. Hospitals, clinics, and mobile health units are expanding offerings tailored to senior needs. As healthcare systems prioritize aging populations, the medical services segment is set to experience rapid and sustained expansion.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share, due to region’s vast aging population, especially in countries like China, Japan, and India, drives demand for comprehensive care services. Government initiatives, expanding healthcare infrastructure, and rising awareness contribute to market growth. Cultural emphasis on family-based care also supports home healthcare adoption. With increasing investments and policy support, Asia Pacific is positioned as a dominant force in shaping the future of elderly care.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to region’s advanced healthcare systems, strong insurance coverage, and focus on innovation drive rapid growth. Rising prevalence of chronic diseases and demand for personalized care fuel expansion of medical services and home healthcare. Investments in digital health, telemedicine, and senior-friendly infrastructure further enhance market potential. As aging populations increase, North America leads in adopting cutting-edge solutions for geriatric care.
Key players in the market
Some of the key players in Elderly Care & Geriatrics Market include Brookdale Senior Living Inc., Genesis HealthCare, Amedisys Inc., LHC Group Inc., Sunrise Senior Living, Extendicare Inc., Bayada Home Health Care, Home Instead Senior Care, Encompass Health Corporation, Kindred Healthcare LLC, Emeritus Corporation, Senior Care Centers of America, Revera Inc., Comfort Keepers and Elara Caring.
Key Developments:
In June 2025, Genesis Energy and Desert Technologies signed a strategic collaboration agreement at the Africa Energy Forum in June 2025. This partnership aims to advance sustainable energy initiatives across Africa, focusing on renewable energy solutions and infrastructure development.
In April 2025, Genesis HealthCare System has united with 25 other rural hospitals to inaugurate the Ohio High Value Network (OHVN), a collaborative initiative aimed at enhancing healthcare delivery across 37 of Ohio’s 88 counties. This network is designed to serve approximately 2.5 million patients, focusing on improving clinical quality, reducing costs, and fostering operational efficiencies.
Care Types Covered:
• Home Healthcare
• Day Care Centers
• Assisted Living Facilities
• Nursing Homes
• Telecare & Remote Monitoring
Service Types Covered:
• Medical Services
• Non-Medical Services
Age Groups Covered:
• 60–70 Years
• 71–80 Years
• 81+ Years
Mode of Cares Covered:
• In-Patient Care
• Out-Patient Care
• Remote/Telecare
Technologies Covered:
• Wearable Devices
• Mobile Apps & Platforms
• Remote Monitoring Systems
• AI & Robotics in Elderly Care
End Users Covered:
• Individual/Family
• Hospitals & Clinics
• Home Healthcare Providers
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 2024, 2025, 2026, 2028, and 2032
- 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
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 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 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 Elderly Care & Geriatrics Market, By Care Type
5.1 Introduction
5.2 Home Healthcare
5.3 Day Care Centers
5.4 Assisted Living Facilities
5.5 Nursing Homes
5.6 Telecare & Remote Monitoring
6 Global Elderly Care & Geriatrics Market, By Service Type
6.1 Introduction
6.2 Medical Services
6.2.1 Geriatric Medicine
6.2.2 Chronic Disease Management
6.2.3 Rehabilitation Services
6.3 Non-Medical Services
6.3.1 Personal Care Assistance
6.3.2 Social & Recreational Services
6.3.3 Household Assistance
6.3.4 Nutrition & Diet Management
7 Global Elderly Care & Geriatrics Market, By Age Group
7.1 Introduction
7.2 60–70 Years
7.3 71–80 Years
7.4 81+ Years
8 Global Elderly Care & Geriatrics Market, By Mode of Care
8.1 Introduction
8.2 In-Patient Care
8.3 Out-Patient Care
8.4 Remote/Telecare
9 Global Elderly Care & Geriatrics Market, By Technology
9.1 Introduction
9.2 Wearable Devices
9.3 Mobile Apps & Platforms
9.4 Remote Monitoring Systems
9.5 AI & Robotics in Elderly Care
10 Global Elderly Care & Geriatrics Market, By End User
10.1 Introduction
10.2 Individual/Family
10.3 Hospitals & Clinics
10.4 Home Healthcare Providers
11 Global Elderly Care & Geriatrics Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Brookdale Senior Living Inc.
13.2 Genesis HealthCare
13.3 Amedisys Inc.
13.4 LHC Group Inc.
13.5 Sunrise Senior Living
13.6 Extendicare Inc.
13.7 Bayada Home Health Care
13.8 Home Instead Senior Care
13.9 Encompass Health Corporation
13.10 Kindred Healthcare LLC
13.11 Emeritus Corporation
13.12 Senior Care Centers of America
13.13 Revera Inc.
13.14 Comfort Keepers
13.15 Elara Caring
List of Tables
1 Global Elderly Care & Geriatrics Market Outlook, By Region (2024-2032) ($MN)
2 Global Elderly Care & Geriatrics Market Outlook, By Care Type (2024-2032) ($MN)
3 Global Elderly Care & Geriatrics Market Outlook, By Home Healthcare (2024-2032) ($MN)
4 Global Elderly Care & Geriatrics Market Outlook, By Day Care Centers (2024-2032) ($MN)
5 Global Elderly Care & Geriatrics Market Outlook, By Assisted Living Facilities (2024-2032) ($MN)
6 Global Elderly Care & Geriatrics Market Outlook, By Nursing Homes (2024-2032) ($MN)
7 Global Elderly Care & Geriatrics Market Outlook, By Telecare & Remote Monitoring (2024-2032) ($MN)
8 Global Elderly Care & Geriatrics Market Outlook, By Service Type (2024-2032) ($MN)
9 Global Elderly Care & Geriatrics Market Outlook, By Medical Services (2024-2032) ($MN)
10 Global Elderly Care & Geriatrics Market Outlook, By Geriatric Medicine (2024-2032) ($MN)
11 Global Elderly Care & Geriatrics Market Outlook, By Chronic Disease Management (2024-2032) ($MN)
12 Global Elderly Care & Geriatrics Market Outlook, By Rehabilitation Services (2024-2032) ($MN)
13 Global Elderly Care & Geriatrics Market Outlook, By Non-Medical Services (2024-2032) ($MN)
14 Global Elderly Care & Geriatrics Market Outlook, By Personal Care Assistance (2024-2032) ($MN)
15 Global Elderly Care & Geriatrics Market Outlook, By Social & Recreational Services (2024-2032) ($MN)
16 Global Elderly Care & Geriatrics Market Outlook, By Household Assistance (2024-2032) ($MN)
17 Global Elderly Care & Geriatrics Market Outlook, By Nutrition & Diet Management (2024-2032) ($MN)
18 Global Elderly Care & Geriatrics Market Outlook, By Age Group (2024-2032) ($MN)
19 Global Elderly Care & Geriatrics Market Outlook, By 60–70 Years (2024-2032) ($MN)
20 Global Elderly Care & Geriatrics Market Outlook, By 71–80 Years (2024-2032) ($MN)
21 Global Elderly Care & Geriatrics Market Outlook, By 81+ Years (2024-2032) ($MN)
22 Global Elderly Care & Geriatrics Market Outlook, By Mode of Care (2024-2032) ($MN)
23 Global Elderly Care & Geriatrics Market Outlook, By In-Patient Care (2024-2032) ($MN)
24 Global Elderly Care & Geriatrics Market Outlook, By Out-Patient Care (2024-2032) ($MN)
25 Global Elderly Care & Geriatrics Market Outlook, By Remote/Telecare (2024-2032) ($MN)
26 Global Elderly Care & Geriatrics Market Outlook, By Technology (2024-2032) ($MN)
27 Global Elderly Care & Geriatrics Market Outlook, By Wearable Devices (2024-2032) ($MN)
28 Global Elderly Care & Geriatrics Market Outlook, By Mobile Apps & Platforms (2024-2032) ($MN)
29 Global Elderly Care & Geriatrics Market Outlook, By Remote Monitoring Systems (2024-2032) ($MN)
30 Global Elderly Care & Geriatrics Market Outlook, By AI & Robotics in Elderly Care (2024-2032) ($MN)
31 Global Elderly Care & Geriatrics Market Outlook, By End User (2024-2032) ($MN)
32 Global Elderly Care & Geriatrics Market Outlook, By Individual/Family (2024-2032) ($MN)
33 Global Elderly Care & Geriatrics Market Outlook, By Hospitals & Clinics (2024-2032) ($MN)
34 Global Elderly Care & Geriatrics Market Outlook, By Home Healthcare Providers (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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.
For more details about research methodology, kindly write to us at info@strategymrc.com
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