Services for The Elderly and Persons With Disabilities Market Report 2025

The services for the elderly and persons with disabilities market size has grown strongly in recent years. It will grow from $454.5 billion in 2024 to $489.31 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to resulted from decreasing household size, economic growth in emerging markets, increased aging population, technology development and mobile apps, government funding for elder care, increasing prevalence of diseases, and health insurance reforms.

The services for the elderly and persons with disabilities market size is expected to see strong growth in the next few years. It will grow to $645.71 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing healthcare access, preferring community stay, rapid growth in the aging population, changes in lifestyles and increasing household incomes. Major trends in the forecast period include electronic technologies to keep track of home health care services, develop customized services to provide individualized care to senior residents with complicated health issues, focus on adopting artificial intelligence, adopt robots to smooth the transition of care facilities to elderly patients, investing in technologies to efficiently track patient data and provide quality services to senior citizens, offer integrated care services to expand their offerings and attract a greater number of customers and focus on providing services virtually and adapting to the dynamic environment caused by the COVID-19 pandemic.

The expected decline in household size, combined with a rapidly aging population, is poised to contribute to the expansion of the market for services catering to the elderly and persons with disabilities. The reduction in household size is linked to a decrease in the number of individuals living together as a family unit. As of November 2022, data from the Public Policy Institute of California, a US-based non-profit institute, indicates a significant decrease in the average number of people per household, reaching 2.85 in 2021. The trend continued with a further 1.4% decline to 2.81 in 2022. Additionally, the rising aging population is creating heightened demand for services tailored to elderly individuals, thereby boosting market revenues. According to a report from the World Health Organization (WHO) in October 2022, it is projected that one in six people worldwide will be 60 or older by 2030, and by 2050, there will be 2.1 billion individuals aged 60 or older. The number of individuals aged 80 or older is expected to increase by 426 million between 2020 and 2050. The increased need for care services for the aging population contributes to the demand for services for the elderly and disabled, thereby propelling the growth of the market.

The rising prevalence of chronic diseases is anticipated to further propel the growth of the market for services for the elderly and persons with disabilities. Chronic diseases, also known as non-communicable diseases (NCDs), encompass long-term medical conditions that progress slowly over time and persist for extended periods, often for the duration of a person's life. Chronic diseases often necessitate prolonged care and management, particularly in old age. This heightened demand for ongoing care services includes medical support, nursing, and personal assistance. For example, as of January 2022, research published by the American Cancer Society, a US-based health organization, estimates 609,360 cancer deaths and 1.9 million new cancer cases in 2022 in the US alone, averaging around 1,670 fatalities per day. Consequently, the increasing prevalence of chronic diseases is a driving force behind the growth of the market for services for the elderly and persons with disabilities.

Elder abuse in centers providing services for the elderly and individuals with disabilities is expected to hinder market growth. The incidence of elder abuse is rising in care institutions. For example, in June 2024, a report titled “Abuse of Older People,” published by the World Health Organization (WHO), a Switzerland-based United Nations agency, revealed that approximately 1 in 6 older adults globally experience abuse. Among them, 5.7% report experiencing abuse, while institutional staff report a much higher prevalence of 64.2%. Psychological abuse is the most frequently cited type, at 33.4%, followed by financial abuse (13.8%), neglect (11.6%), physical abuse (14.1%), and sexual abuse (1.9%). This creates a climate of fear for elders and their families considering these services, leading many to forgo them, which ultimately hampers market growth.

Major companies in the services for the elderly and individuals with disabilities market are focusing on innovative solutions like compassionate case management awareness to raise awareness, promote independence, and connect more people with disabilities and complex needs to essential support services within communities. Compassionate case management awareness emphasizes the importance of empathy, understanding, and support in the case management process to enhance patient care and outcomes. For example, in October 2024, Service Coordination, Inc., a U.S.-based nonprofit organization, launched a public service announcement (PSA) titled Improving Communities Through Care and Compassion. This PSA aims to highlight the organization's commitment to providing personalized case management services for people with disabilities and complex medical needs, focusing on choice and independence. By airing on major networks across all 50 states, the initiative significantly boosts community outreach, ensuring that more individuals are connected to vital resources and support services that can enhance their quality of life.

Leading companies in the services for the elderly and persons with disabilities market are innovating with new products such as home-based elderly care services to broaden their customer base, increase sales, and boost revenue. Home-based elderly care services, also known as in-home care or home care, involve providing healthcare services to elderly individuals within the familiarity and comfort of their own homes. For instance, in March 2022, China-based Ping An Group introduced a home-based elderly care service as part of its insurance + service product ecosystem. This solution features a unique concierge service, 10 service scenarios, and a unified supervisory system for consumers. Supported by an intelligent risk management system, the 24/7 online elderly care concierge service integrates health monitoring devices with the concierge platform, continuously monitoring nine significant environmental risks in the user's home, including real-time assessments of air quality, gas leaks, and excessive smoke concentration.

In May 2023, HouseWorks, a U.S.-based home care provider, acquired Care and Help Home Care for an undisclosed amount. This acquisition is intended to expand HouseWorks' presence in Pennsylvania, improving care services for seniors and reaching more Medicaid, pediatric, and dual-eligible clients through integrated in-home care. Care and Help Home Care is a U.S.-based agency that offers non-medical, non-skilled services to clients.

Major companies operating in the services for the elderly and persons with disabilities market include CK Franchising Inc, 24 Hour Home Care, Home Instead Inc, SE Health, Right at Home Inc., Living Assistance Services, Synergy Home Care, Happier At Home, Senior Helping Seniors, Home Care Assistance, Yingtan Hejia Xiangyi Retirement Industry Development Co. Ltd., Shouyang County Xiyang Honglaonian Retirement Service Co. Ltd., Avalon Health Care, Careplus, Choice Care, Care Without Compromise Ltd., SuperCarers, Caritas, Diakonie, German Red Cross and the Paritätische, AssiDom, Oxehealth, Orpea Groupe, CARP Omenia, ProMedicus Home Care Services, ABOS Care Elderly Home IASI SRL, Fushoukang (Shanghai) Medical Elderly Care Service Co. Ltd., BAYADA Home Health Care, GreatAupair, ICare, Brookdale Senior Living Inc., Senior Care Centers of America, Sunrise Senior Living, Home Bound Healthcare, AddusHomeCare, Interim HealthCare of Lubbock, Phoenix Home Care Agency, Manzil Health, Pioneer Medical Services LLC., Aamer Home Healthcare Center, Greymate Care, Bluegate homecare, AnsMed Home Care Limited.

Services for the elderly and individuals with disabilities encompass non-residential social assistance programs designed to enhance the quality of life for seniors, those with intellectual and developmental disabilities, and people with disabilities.

The primary categories of services for the elderly and individuals with disabilities include institutional care, adult daycare, and home care. Adult day care involves a structured activity program in a professional care setting, catering to older adults in need of supervised care during the day or those facing isolation and loneliness. Various service providers include public expenditures, private expenditures, and out-of-pocket spending utilized by elderly and disabled adults.

The services for the elderly and persons with disabilities market research report is one of a series of new reports that provides services for the elderly and persons with disabilities market statistics, including services for the elderly and persons with disabilities industry global market size, regional shares, competitors with services for the elderly and persons with disabilities market share, detailed services for the elderly and persons with disabilities market segments, market trends, and opportunities, and any further data you may need to thrive in the services for the elderly and persons with disabilities industry. This services for the elderly and persons with disabilities market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Western Europe was the largest region in the services for the elderly and persons with disabilities market in 2024. Asia-Pacific was the second-largest region in the global services for the elderly and persons with disabilities market share. The regions covered in the services for the elderly and persons with disabilities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the services for the elderly and persons with disabilities market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The services for the elderly and persons with disabilities market consists of revenues earned by entities that provide services such as adult day care, activity centers for senior citizen and disable, disability support, home care of elderly. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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