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The U.S. elderly care services market was valued at USD 455.49 billion in 2023 and is expected to grow at a CAGR of 6.15% from 2023-2029. Speak directly to the analyst to clarify any post sales queries you may have.
U.S. ELDERLY CARE SERVICES MARKET INSIGHTS
- By service type, the homecare segment dominated the elderly care services market by occupying over 32% of the market share in the year 2023, and it is expected to grow exponentially. This segment increase is attributed to many reasons, including the increasing aging population, the shift towards in-home care services by elders, and the prevalence of diseases among elders.
- The non-healthcare application segment is growing with the highest CAGR of 6.47% in the U.S. elderly care services market during the forecast period. This is mainly because most older adults live in homes that they rent or own. The need for services and support like housework, bathing, or medicating is expected to increase.
- The 75-84 age group occupies a significant market share in the U.S. elderly care services market, and growth projections for 2029 indicate that the number will increase even more. The growth of this segment is driven by baby boomers constantly looking for help in household activities. The oldest baby boomer will be 83 years old by then, and there is a sharp rise in middle-income seniors as they constitute a large portion of the overall senior population.
- The Western region shows significant growth in market size and shares in the U.S. elderly care services market due to the considerable increase in the percentage of the elderly population in the Western region, which consists of 13 cities. California boasts the highest number of senior care providers compared to any other state in the U.S., making it home to a substantial portion of the nation in the West.
- The elderly care service market in the U.S. is highly competitive due to numerous organizations offering similar services and community-based service programs. Due to their high geographical presence, availability of expertise, and well-known brand image, companies have better market share in the U.S. Brookdale Senior Living, Lincare, Amedisys, LHC Group, and Davita are some prominent players in the U.S. elderly care service market.
PRODUCT SEGMENTATION & FORECAST
By Service Type
- Home Care
- Assisted Living
- Nursing Care
- Others
By Application
- Non-Healthcare
- Healthcare
By Age Group
- Aged 65-74
- Aged 75-84
- Aged 85 and Above
By Geography
- West Region
- South Region
- Mid-West Region
- North-East Region
MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape of Elderly Care Services Market
- Key Vendors
- Other Prominent Vendors
Key Players
- Brookdale Senior Living
- Lincare
- Amedisys
- LHC Group
- Davita
Other Prominent Players
- Humana
- Genesis Healthcare
- Bayada Home Health Care
- National Church Residencies
- The Ensign Group
- Enlivant
- Sunrise Senior Living
- Life Care Centers of America
- Elara Caring
- Five Star Senior Living
- BrightSpring Health Service
- Fresenius Medical Care
- Pacifica senior living
- Eddy Senior Living
- Embassy Healthcare Services
- Erickson Senior Living
- Frontier Management
- Gardant Management Solutions
- ProMedica Senior Care
- Integral Senior Living
- Kisco Senior Living
- Leisure Care
- Lifecare Services
- MBK Senior Living
- Meridian Senior Living
- Merrill Garden
- Northbridge Companies
- Northstar Senior Living
- Oakmont Senior Living
- Pathway to Living
- Pegasus Senior Living
- Pinnacle Senior Living
- Prestige Care
- Senior Lifestyle
- Senior Resource Group
- Sinceri Senior Living
- Vi Living
- Waltonwood Senior Living
- Watermark Retirement Communities
- Americare Senior Living
- Benchmark Senior Living
- Belmont Village
- The Evangelical Lutheran Good Samaritan Society
- Spring Arbor
- Trilogy Health Services
KEY QUESTIONS ANSWERED
1. How big is the U.S. elderly care services market?2. What is the growth of the U.S. elderly care services market?
3. What factors are driving the growth of the U.S. elderly care services market?
4. Who are the key players in the U.S. elderly care services market?
Table of Contents
Chapter - 1: Elderly Care Services Market Overview
Chapter - 2: Elderly Care Services Market
Chapter - 3: Elderly Care Services Market Segmentation Data
Chapter - 4: Elderly Care Services Market Prospects & Opportunities
Chapter - 5: Elderly Care Services Industry Overview
Chapter - 6: Appendix
List of Exhibits
List of Tables
Companies Mentioned
- Brookdale Senior Living
- Lincare
- Amedisys
- LHC Group
- Davita
- Humana
- Genesis Healthcare
- Bayada Home Health Care
- National Church Residencies
- The Ensign Group
- Enlivant
- Sunrise Senior Living
- Life Care Centers of America
- Elara Caring
- Five Star Senior Living
- BrightSpring Health Service
- Fresenius Medical Care
- Pacifica senior living
- Eddy Senior Living
- Embassy Healthcare Services
- Erickson Senior Living
- Frontier Management
- Gardant Management Solutions
- ProMedica Senior Care
- Integral Senior Living
- Kisco Senior Living
- Leisure Care
- Lifecare Services
- MBK Senior Living
- Meridian Senior Living
- Merrill Garden
- Northbridge Companies
- Northstar Senior Living
- Oakmont Senior Living
- Pathway to Living
- Pegasus Senior Living
- Pinnacle Senior Living
- Prestige Care
- Senior Lifestyle
- Senior Resource Group
- Sinceri Senior Living
- Vi Living
- Waltonwood Senior Living
- Watermark Retirement Communities
- Americare Senior Living
- Benchmark Senior Living
- Belmont Village
- The Evangelical Lutheran Good Samaritan Society
- Spring Arbor
- Trilogy Health Services
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 94 |
| Published | February 2024 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value ( USD | $ 455.49 Billion |
| Forecasted Market Value ( USD | $ 651.48 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | United States |
| No. of Companies Mentioned | 50 |
