What Size Of Industry Is Elderly Day Care?
Adult Day Care in the United States: 2005–2028 Market Size
| $7.3bn | Adult Day Care in the US Market Size in 2022 |
|---|---|
| 4.6% | Adult Day Care in the US Market Size Growth in 2022 |
| 5.5% | Adult Day Care in the US Annualized Market Size Growth 2017–2022 |
How big is the adult day care industry?
The adult day care business, with $8 billion in annual sales and more than 200,000 people working in around 15,000 care facilities, is a powerful competitor against alternative types of senior assistance. From a purely economic sense, adult day care is a win-win situation for everyone involved.
What is the market size of the global elder care industry?
Global Elder Care Services Market Share by Service Type, 2019 and 2026, according to MarketsandMarkets (USD Billion) 13. Adult Daycare Services Market in the Global Elder Care Services Market, 2016–2026 (USD Billion)
What is driving the growth of the day-care industry?
Increased global population aging, rising medical expenditure, increasing demand for day-care services due to the rising prevalence of chronic diseases, the Patient Protection and Care Act, and the growing concern of the global population about specialized day care services are some of the market drivers driving this growth.
What is the forecast period of elderly care products and services market?
THE CITY OF DUBLIN—(BUSINESS WIRE)— There has been an addition to the ResearchAndMarkets.com portfolio with the publication of the ″Elderly Care Products and Services Market (2020 – 2025).″ The Elderly Care Products and Services Market is valued at $832.8 billion in 2019, and is expected to increase at a compound annual growth rate (CAGR) of 3.9 percent between 2020 and 2025.