The global Geriatric Care Services Market is projected to experience steady growth over the next decade, rising from USD 636 million in 2025 to USD 1,139 million by 2035 at a CAGR of 6.0%, according to the latest market outlook. This growth trajectory is fueled by an aging global population, rising chronic disease prevalence, and increasing demand for home-based elderly care solutions.
Industry Outlook and Growth Drivers
The market expansion is underpinned by a convergence of demographic and healthcare shifts. The United Nations projects that by 2030, 1 in 6 people in the world will be aged 60 years or older. This demographic surge is directly influencing healthcare delivery models, increasing reliance on integrated care services tailored for geriatric populations.
Key growth drivers include:
- Rising prevalence of chronic diseases such as cardiovascular conditions, diabetes, and neurological disorders.
- Technological advancements in telemedicine, remote patient monitoring, and wearable health devices that enable cost-effective and efficient elderly care.
- Policy initiatives promoting “aging in place” and home-based care models, reducing hospitalization costs and improving patient satisfaction.
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Segmental Insights
- By Service Type: Home Geriatric Care Services will dominate with a 45% share in 2025, reflecting strong preference for aging at home. Remote monitoring, telehealth, and caregiver availability are strengthening this segment’s outlook.
- By Payment Source: Out-of-pocket payments are expected to represent 47% of revenue in 2025, underscoring the current lack of comprehensive insurance coverage for elderly care, particularly in emerging economies.
- By Application: Heart diseases will lead with a 28% market share in 2025, supported by innovations in remote cardiac monitoring and disease management programs. Diabetes, however, is forecast to register the fastest CAGR of 6.8% during the forecast period.
Regional Growth Hotspots
- North America remains the largest market, projected to reach USD 332.5 million by 2035 at a CAGR of 6.9%. A strong network of geriatric care agencies, reimbursement policies, and ongoing innovation continue to drive demand.
- Asia-Pacific is anticipated to post the highest growth rate, led by China and Japan. China’s geriatric care market is forecast to reach USD 68 million by 2035, while Japan will touch USD 54.9 million. Rapid urbanization, longer life expectancy, and increasing government focus on elder care infrastructure underpin this momentum.
Competitive Landscape
The global market is highly fragmented, with established healthcare providers and emerging players competing on service innovation, geographic reach, and strategic collaborations. Leading companies include:
Amedisys Inc., Brookdale Senior Living Inc., Econ Healthcare Group, Extendicare Inc., Genesis HealthCare, Home Instead Inc., Kindred Healthcare, Portea Medical, Revera Inc., Rosewood Care Group Inc.
Notable developments:
- March 2025: Alexion, AstraZeneca’s Rare Disease group, entered into an exclusive collaboration with Neurimmune AG to advance therapies for transthyretin amyloid cardiomyopathy (ATTR-CM).
- January 2025: Century Therapeutics and Bristol Myers Squibb launched a collaboration to commercialize cell therapy programs targeting hematologic malignancies and solid tumors.
- August 2024: Happiness Biotech introduced elderly-focused personal care products under the brand Cai Zhi Ning, expanding consumer choices in senior wellness.
Key Market Trends
- Growing preference for home care services: Supported by findings from the American Geriatrics Society, home care is linked with longer life expectancy and reduced hospital readmissions.
- Technological integration: Increased adoption of health monitoring wearables, emergency assistance devices, and smart assistive tools.
- Policy and insurance reforms: While out-of-pocket spending dominates today, expanded insurance penetration and government subsidies are expected to gradually rebalance payment dynamics.
- Adult daycare growth: With a projected CAGR of 6.9%, adult daycare centers are emerging as a cost-effective model, offering both medical and non-medical support without disrupting lifestyles.
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Challenges Ahead
Despite robust growth, the sector faces challenges including inadequate geriatric care infrastructure in developing economies, affordability barriers due to limited insurance coverage, and workforce shortages in specialized elderly care. In addition, safety concerns such as workplace violence in healthcare settings remain a restraint on adoption.
Outlook
The future of geriatric care services will be shaped by integration of digital health solutions, strategic partnerships, and patient-centric care models. With rising demand for elderly care worldwide, companies investing in innovative, affordable, and accessible solutions are expected to secure strong competitive advantages.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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