Geriatric Care Services Market Revenue to Cross USD 2,056 Bn by 2027: Global Market Insights Inc.

Jun 14, 2021

The Brazil geriatric care services market is estimated to attain a CAGR of more than 10.9% through 2027, led by the improved life expectancy, government initiatives, and enhancements in the country's healthcare system.

Geriatric Care Services Market Growth Predicted at 10% Through 2027: GMI
Major geriatric care services market players include Brookdale Senior Living Inc., Extendicare Inc., Gentiva Health Services Inc., Kindred Healthcare Inc., Senior Care Centers of America, Sunrise Senior Living Inc., and Genesis Healthcare Corp.

SELBYVILLE, Del. - June 14, 2021 - (Newswire.com)

According to the latest report, "Geriatric Care Services Market by Service (Home Care, Adult Day Care, Institutional Care), Service Provider (Public, Private), Payment Source (Public Insurance, Private Insurance, Out-of-pocket), Age Group (65-70 Years, 71-75 Years, 76-80 Years, 81-85 Years, 86-90 Years, Above 91 Years), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027", by Global Market Insights Inc., the market valuation of geriatric care services will cross $2,056 billion by 2027.

Growing medical technology development in geriatric care coupled with rising access to health insurance will impel the market growth. Development in novel approaches to improve senior care and a more health-conscious society is expected to impact the market expansion. Organizations in the U.S. such as the American Association of Retired Persons, the American Society on Aging, and the Alliance for Aging Research are providing resources and education to enhance the lives of elderly people. As per the recent research article, in the U.S., around 80% of elderly people have at least one chronic disorder, such as cancer, diabetes, and heart disease among others, that need focused medical attention and, thereby, is augmenting the business expansion positively. Further, increasing focus on surging the number of healthcare workers helps to develop a more accessible and efficient healthcare system for the geriatric population. Thus, with a growing need for home care & nursing care settings, patient care management, administrative & clinical procedures in geriatric care services will amplify the geriatric care services market progression during the forecast period.

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The institutional care segment in the geriatric care services market is anticipated to expand at a 9.9% growth rate through 2027, led by the 24-hours monitoring/supervision, professional nursing care, rehabilitation, psychological services, etc. Institutional care is delivered within an assembled living environment intended to meet the medical, personal, social, and housing needs of people with mental, physical, and/or developmental disorders. According to the National Center for Health Statistics, in 2016, more than 15,600 nursing homes were operated in the U.S. Many older people that reside in nursing homes require support in daily activities such as eating or preparing meals, managing medications, and getting to other locations among others. Residents in nursing homes have at minimum one chronic disorder for which they require constant medical and more intensive care.

The geriatric care services market for the public segment accounted for USD 709 billion in 2020 owing to the easy accessibility to quality geriatric care services and emphasis on building human resource capacity through focused training and education opportunities. These public geriatric care service providers offer mechanisms to support healthy and active aging procedures, well-organized models of geriatric healthcare delivery, and a study on alternative medicine and age-related ailments. Public service providers emphasize cost-effective feasible models of geriatric care that are suitable and based on cultural traditions and practices. Along with long-term medical care, it also explores innovative models of economic support and insurance. In many countries, public elder care service providers are offering a comprehensive preventive package including awareness and knowledge associated with common geriatric concerns, promotion of mental well-being, and healthy nutrition, among others.

The out-of-pocket segment in the geriatric care services market is estimated to attain a CAGR of 10.3% by 2027 on account of the desire to live longer lives, rising demand for senior care, and preference for advanced healthcare among others. Long-term care costs, comprising assisted living and nursing homes, are the top category of out-of-pocket spending, followed by home care. The use of out-of-pocket payment sources rising is attributed to the growing prevalence of chronic conditions among elderly people and the requirement of additional support. As a result, the majority of older people are proven to require long-term care that will expedite the demand for geriatric care services, thereby amplifying the segment growth.

The geriatric care services market for 65-70 years segment exceeded USD 62 billion in 2020 impelled by the growing geriatric population demanding medical interventions and more intensive healthcare. For instance, in 2020, people aged 65 years and above in India were around 6.6% of the total population. As per the World Health Organization, the number of people aged 65 years or older is poised to reach over 1.5 billion in 2050 across the globe with the increase in the burden of dementia coupled with other associated disorders.

Brazil dominated the Latin America geriatric care services market and was valued at over USD 11 billion in 2020 and is predicted to progress at a significant growth rate of 10.9% by 2027 due to the improved life expectancy, government initiatives, and enhancements in the country's healthcare system. The government initiatives comprise of and place emphasis on building age-friendly cities and healthcare plans concerned specifically toward the older population in Brazil. The companies in the country have launched services and products using information and communication technology to meet the requirements of elderly people and their families. Further, the government of Brazil has increased funding for improvements that help with the independent living of elderly people. In Brazil, the National Agency of Supplementary Health launched a Well-Cared-For Elderly Project in 2016. It was intended to develop a model for offering the facility of quality care to older people.

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Some of the major players operating in the geriatric care services market are Brookdale Senior Living Inc., Extendicare Inc., Gentiva Health Services Inc., Kindred Healthcare Inc., Senior Care Centers of America, Sunrise Senior Living Inc., and Genesis Healthcare Corp. among others. These leaders are engaged in undertaking several strategies and working on expanding their service portfolio through focusing on the development of innovative services.

Table of Contents (ToC) of the report:

Chapter 3 Geriatric Care Services Market Insights

3.1 Industry segmentation

3.2 Industry landscape, 2016 - 2027 (USD Million)

3.3 Industry impact forces

3.3.1 Growth drivers

3.3.2 Industry pitfalls & challenges

3.4 Growth potential analysis

3.4.1 By service

3.4.2 By service provider

3.4.3 By payment source

3.4.4 By age group

3.5 COVID-19 impact analysis

3.6 Porter's analysis

3.7 Competitive landscape, 2020

3.7.1 Competitive matrix analysis, 2020

3.8 PESTEL analysis

Browse the Complete Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/geriatric-care-services-market-report

About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth-consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision-making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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Original Source: Geriatric Care Services Market Revenue to Cross USD 2,056 Bn by 2027: Global Market Insights Inc.

Gandler still adjusting to Capital 1’s system

AFTER playing three official games with Capital 1, Vanie Gandler admits she is still struggling to get into the swings of things with her new team. Gandler, the 2026 All-Filipino Conference Most Valuable Player, signed with Capital 1 in the off-season after her old team Cignal left the league. Despite the lofty expectations, the 25-year-old gunner said she is still adjusting to the system under head coach Jorge Souza de Brito but is confident she can contribute to the team. “It's okay so far. I think I've seen so much progress with our connection throughout the games. I was struggling at the start, but we always make sure to communicate. I'm being patient with it,” said Gandler, who scored 10 points in a five-set victory over ZUS on Tuesday. “We're all being patient with our connection because we know that it's really a process and we can't force it,” she added. Gandler averaged 12.33 points in her first three games with Capital 1 which currently has a 2-1 win-loss record in the PVL All-Filipino Conference Siklab Series Gandler, however, is thrilled and grateful to have sophomore star Bella Belen by her side to take the load in scoring. “And of course, with regards to having Bella in the team, I'm very grateful of course that Bella's able to hold our ground while I'm still trying to find my rhythm,” Gandler said. “I'm still trying to find my role here in the team, but Bella's ever reliable so we're very grateful to have her.” Belen scored a career-high of 35 points in a win over Akari, followed by a huge 29-point outing against ZUS. Gandler, meanwhile, pointed out that all three games of Capital 1 in the tournament were 5-setters which helped build character for the team. “Yeah, I was talking to coach after the game and I was saying that it's good that our team is being exposed to these high-pressure moments this early on. Especially this early on in our journey together as this core. Of course, what's important is that we win,” she said. Capital 1 (2-1) looks to extend its winning streak to three when it faces winless PLDT (0-2) on Oct. 24 at the Filoil EcoOil Centre in San Juan City.

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Edwards, Timberwolves spoil Giannis’ Heat debut

LOS ANGELES — Minnesota star Anthony Edwards erupted for 45 points as the Timberwolves spoiled two-time NBA Most Valuable Player Giannis Antetokounmpo’s Miami Heat debut with a 131-106 triumph on Wednesday (Thursday in Manila). Edwards, teaming seamlessly with new arrival LaMelo Ball, added 10 rebounds and three assists. He had nine of the Timberwolves’ 21 three-pointers while Ball, who joined from Charlotte this season, drilled five treys on the way to 21 points. “At this point, me and him are gonna be like best friends,” Edwards told ESPN in an on-court interview before exchanging a beaming hug with Ball. Antetokounmpo, the former Bucks talisman who captured one championship and two Most Valuable Player awards in his 13-year tenure in Milwaukee, looked the part, connecting on 13 of 19 attempts from the floor on the way to 35 points with six rebounds. But the Heat as a whole — widely tipped as Eastern Conference contenders after landing Antetokounmpo — had no answer for the Timberwolves. “We’re going to have to step up our defense,” said Heat coach Erik Spoelstra, who added Miami’s offense “did not look like us.” The second night of the new season featured an array of familiar faces in new places. In Washington, Anthony Davis made his Wizards debut nine months after he was acquired from Dallas in a blockbuster trade and spearheaded a 128-118 victory over the Bucks. Now recovered from hand and groin injuries, Davis scored 34 points and pulled down 12 rebounds drawing chants of “MVP!” from Wizards fans who suffered through the team’s league-worst 17-65 campaign last season and saw top draft pick AJ Dybantsa suffer an ankle injury in the team’s pre-season finale. Trae Young, who was also acquired by Washington last season but played just five games for them because of injury, added 20 points and 13 assists in the Wizards’ first season-opening win since 2022. Tyler Herro, acquired in the trade that sent Antetokounmpo to Miami, led the Bucks with 24 points and Jaime Jaquez Jr., who arrived in the same deal, added 22. It was back to the future in Toronto, where the Raptors welcomed the return of Kawhi Leonard with a 135-92 blowout of the Chicago Bulls. Leonard, who led Raptors to their first NBA title in 2019, is back after a trade from the LA Clippers — a deal delayed by a league probe that found the Clippers and Leonard violated salary-cap circumvention rules, leading to stiff sanctions for the club. Leonard made five of 17 of his shot attempts but made all 11 of his free throws on the way to 23 points. Scottie Barnes and Immanuel Quickley also scored 23 points each for the Raptors, who led by as many as 48 points in the wire-to-wire triumph. Triumphant Haliburton return Indiana guard Tyrese Haliburton, playing his first game since he tore his right Achilles tendon in Game 7 of the 2025 NBA Finals, scored 13 of his 23 points in the fourth quarter and added 12 assists as the Pacers edged the Pelicans 123-120 in New Orleans. Haliburton, who put the Pacers ahead for good with a driving basket with 1:23 to play, was overcome with emotion in an on-court postgame interview. “It means a lot to be back out here,” he said, wiping away tears. Dallas guard Kyrie Irving, playing his first game in more than 19 months after recovering from a torn anterior cruciate ligament, scored 15 points for the Mavericks in a 128-110 loss to the Houston Rockets — who had 30 points apiece from Kevin Durant and Jabari Smith Jr. AFP

Oct 22, 2026

Reese shines again as Dream take 2-1 lead

LOS ANGELES — Angel Reese produced another dominant all-round display as the Atlanta Dream routed the Golden State Valkyries, 97-71, to take a 2-1 lead in the best-of-seven WNBA Finals on Wednesday (Thursday in Manila). Three-time WNBA All-Star and reigning defensive player of the year Reese followed up her 30-point display in Game 2 on Monday to once again lead the Atlanta scoring with 21 points. The 24-year-old also reigned on the defensive end, finishing with 12 rebounds and three steals to neutralize Golden State’s offense. Reese was one of five Dream players to finish in double-figures, with Rhyne Howard adding 16 points and Naz Hillmon 15 points. Gabby Williams led Golden State’s scoring with 15 points. “We feel good — we’re still pissed that we lost the first game,” Reese said afterwards. “We know how good we are; we know our identity. “We’re all happy for sure, but it’s going to take more. The job is not finished so we’re going to keep going,” added Reese, who is the only woman in history to record consecutive double-doubles in her first three WNBA Finals games. “It feels good when you’re in the finals — when you can do it at the highest level, this is what I live for,” Reese said. Earlier, Reese picked up where she left off in game two, draining a three-pointer to help Atlanta take a 22-12 lead as the first quarter drew to a close. Golden State narrowed the deficit to six points at half-time and drew level at 48-48 early in the third quarter. But Atlanta responded with an 8-0 run to pull clear again, and took a stranglehold on the contest after outscoring Golden State 25-17 in the third to lead by 14 points heading into the final period. Atlanta stretched the lead to 21 points late in the fourth quarter to all but ice the contest and the points kept flowing as the Dream delivered a statement victory. Game 4 takes place in Atlanta on Saturday. Both teams are chasing a first WNBA title. The Dream have come up empty in three prior trips to the Finals, most recently in 2013. The Valkyries, who last year became the first WNBA expansion franchise to reach the playoffs in their inaugural season, are now contending for the title in their second. AFP WASHINGTON — Two relatively low-spending clubs each seeking a first Major League Baseball crown, the Tampa Bay Rays and Milwaukee Brewers, meet in a symbolic showdown when the 122nd World Series begins on Friday (Saturday in Manila). The best-of-seven championship matchup between frugal teams flies in the face of claims only big-spending teams can win the World Series. MLB’s collective bargaining agreement with its’ players union expires on Dec. 1 with many expecting a lockout over owners’ desire for a salary cap and the players’ refusal to consider it. Big spenders like the Los Angeles Dodgers, 2024 and 2025 champions, were seen as overpowering small-market foes with a cap needed to create parity. However, the Dodgers, with a $338 million payroll, were swept by the Brewers, with a payroll of $143.5 million, in the National League Championship Series. They play for the crown against a Rays side that spent $98.3 million on salaries and also took down the big-spending New York Yankees on their way to the Fall Classic. They will have the lowest-ranked payrolls of any World Series since the work stoppage that wiped out the 1994 World Series. It shows well-run clubs with less money can succeed against richer rivals just as the issue is set to ignite off-season disputes and a possible shutdown. On the field, baseball fans will be treated to a showdown with two teams seeking a first World Series title. The only other time that has happened in the past century was in 1980 when Philadelphia beat Kansas City. Tampa Bay, founded in 1998, lost the World Series to Philadelphia in 2008 before being pipped by the Dodgers in 2020. The Brewers, founded in 1969 as the Seattle Pilots before moving to Milwaukee the following year, reached their only prior World Series in 1982, losing to St. Louis in seven games. After 44 years, Milwaukee fans are excited to host Friday’s World Series opener. “The city is ready,” Brewers first baseman Jake Bauers said. “I know the fans are ready and I know we’ll be ready.” Milwaukee manager Pat Murphy said his players feed off supporters’ passion. “Those fans, they’re passionate. They wanted this and our players sensed how bad they wanted it,” Murphy said. “That gives them energy and motivation. It makes a difference.” The Brewers, who led MLB with a club-record 103 wins this season, and Rays, who led the American League with 97 wins, have key players who began their MLB careers on the opposite team. Tampa Bay’s Freddy Peralta, Most Valuable Player of the American League Championship Series, pitched for Milwaukee for eight years until being traded in January to the New York Mets, who traded him to the Rays in August. “Milwaukee is the team and the city that gave me the opportunity to make my dreams,” Peralta said. “Milwaukee is going to be always in my heart, but it’s time now to compete.” Bauers, this year’s NLCS MVP, made his MLB debut in 2018 with the Rays but is in his third season with the Brewers. Rays star pitcher Drew Rasmussen made his MLB debut with Milwaukee in 2020 before being traded to Tampa Bay in 2021. AFP

Geriatric Care Services Market Revenue to Cross USD 2,056 Bn by 2027: Global Market Insights Inc.

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