According to the WHO, the senior population in developing countries is predicted to reach approximately 1 billion by 2050, resulting in a significant demand for elder care services and, as a result, boosting the market's scope in the near future. The rise in dementia and Alzheimer's disease among the elderly, as well as the increase in population life expectancy, will present attractive growth potential for the elder care services industry in the coming years. Furthermore, non-profit clinics, independent charitable organizations, and government-sponsored institutions have all contributed significantly to market expansion.
Frequently Asked Questions
The market is segmented based on Segmentation, By Product Type (Pharmaceuticals, Housing and Assistive Devices), Service (Institutional Care, Homecare, Adult Day Care), Application (Heart Diseases, Cancer, Kidney Diseases, Diabetes, Arthritis, Osteoporosis, Neurological, Respiratory, Others) – Industry Trends and Forecast to 2032
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The Malaysia Elderly Care Market size was valued at USD 975.13 USD Billion in 2024.
The Malaysia Elderly Care Market is projected to grow at a CAGR of 5.4% during the forecast period of 2025 to 2032.
The market report covers data from the Malaysia.
