{"id":4118,"date":"2020-04-17T11:36:00","date_gmt":"2020-04-17T11:36:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2519267"},"modified":"2020-04-17T11:36:00","modified_gmt":"2020-04-17T11:36:00","slug":"covid-19-to-substantially-increase-the-demand-for-elder-care-services-market-from-key-end-use-industry-sectors","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/04\/17\/covid-19-to-substantially-increase-the-demand-for-elder-care-services-market-from-key-end-use-industry-sectors\/","title":{"rendered":"COVID-19 to Substantially Increase the Demand for Elder Care Services Market from Key End-use Industry Sectors"},"content":{"rendered":"
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Persistence Market Research presents a comprehensive evaluation of the global elder care services market in a new report titled “Elder Care Services Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025<\/strong>” that throws light on the performance of the global elder care services market over an eight year period. Estimated figures indicate significant growth prospects in the global market, providing good opportunities for business expansion and revenue generation for seasoned market players as well as market entrants.<\/p>\n

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\"elder<\/p>\n\n\n\n
Biometrics Market To Witness High Adoption Rate, Buoyed By The Surge In Online Work Culture During COVID-19 Pandemic, Says PMR<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Rapid growth of elder care services and increasing governmental regulations to speed up market growth<\/strong><\/p>\n

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With an increase in the worldwide geriatric population brought about by changing global demographics, there has been a sharp rise in demand for elder care services. An increased life expectancy of the population has further augmented this demand in the global market, leading to the growth of several businesses providing elder care services at a global level.<\/p>\n

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Further, the family structure has moved to a more nuclear system in several countries of the world, necessitating the outsourcing of elderly caregiving to hospitals and healthcare institutions, as the preference of nuclear families is shifting towards different service types such as institutional care and community based care.<\/p>\n

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These factors are anticipated to boost revenue growth of the global elder care services market, which, according to Persistence Market Research analysis, will reach a market valuation of US$ 1,767.3 Bn by the end of 2025<\/strong>, up from an estimated US$ 927.1 Bn in 2017,<\/strong> reflecting a CAGR of 8.4% over the forecast period (2017–2025).<\/p>\n

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Global Elder Care Services Market: Segmental Insights<\/strong><\/p>\n

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