Geriatrics and Elderly Care

The Global elderly population is growing at an exponential way, driven by better healthcare, nutrition and an abrupt decrease in infectious diseases exposure. From some years it got witnessed in many cases that changing demographics and growing life-expectancy of the global population, resulting in the rapid growth of a geriatric population requiring medical support. Likewise, a varying pattern in the absence of family-based care providing and in addition changing consumer preferences relating to the kind of medical is also emerging in many countries. These essentials will primarily drive revenue growth of the elder care market worldwide. These elements have brought about the adoption of eldercare, because of which the global elder care services market is as of now a billion-dollar market, liable to develop consistently at 8.4% CAGR somewhere between 2017 and 2025. The market for products and care for old age people is expected to increase from almost $320 billion in 2013 to $436.6 billion by 2018, speaking to a 5-year compound annual development rate of 6.4%, as indicated by another statistical survey.

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