Geriatric Care Services Market Trends Shaping The Future of The Industry
Elderly population suffering from chronic conditions require frequent physician visits, health monitoring and assistance in performing daily activities. Geriatric care service providers offer end-to-end solutions to the elderly population in need of assistance in order to ease their living. Coordinating with the doctor, assessing any medical or nutritional need, assistance in medical and financial planning, home nursing services, and devising complete medical care plans are some of the services offered by various geriatric care service market players. Market Dynamics According to a report published in March 2016 by the United States Census Bureau, the geriatric population (aged 65 years and above) is expected to account for 12% of the global population by 2030 and further to 16.7% by 2050 as compared to 8.5% in 2015. The report further states that the population in Asia and Latin America is aging rapidly. Therefore, demand for geriatric care services is projec...