The Brazil elderly care market is experiencing significant growth, primarily driven by the country's rapidly aging population. Brazil is witnessing a demographic shift towards an older population, creating a higher demand for elderly care services, including assisted living facilities, in-home care, and medical services. As seniors represent a larger portion of the population, the need for specialized care and support services is escalating, propelling the elderly care market forward and presenting substantial opportunities for businesses to cater to this expanding demographic.
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Data Bridge Market Research analyses that the Brazil Elderly Care Market is expected to grow at a CAGR of 8.0% in the forecast period of 2023 to 2030 and is expected to reach USD 1,24,441.26 million by 2030 from USD 72,610.27 million in 2022. Brazil's urbanization and evolving family structures are reshaping the demand for professional elderly care services. As people migrate to cities for work and modern life brings changes to traditional family dynamics, the availability of family members to provide care diminishes.
Key Findings of the Study
Healthcare advancements are expected to drive the market's growth rate
Healthcare advancements, both technological and medical, are revolutionizing elderly care in Brazil. These innovations improve the quality and accessibility of care, making it increasingly appealing to the aging population. With state-of-the-art medical treatments, assistive devices, and telemedicine options, seniors can receive more effective and convenient healthcare, contributing to their overall well-being and creating a more attractive environment for elderly care services.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Pharmaceuticals, Housing, and Assistive Devices), Service (Homecare, Institutional Care, and Adult Day Care), Application (Heart Diseases, Respiratory, Diabetes, Osteoporosis, Cancer, Neurological, Kidney Diseases, Arthritis, and Others).
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Countries Covered
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Brazil
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Market Players Covered
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Koninklijke Philips N.V (Netherlands), BAYADA Home Health Care (U.S.), Econ Healthcare Group (Singapore), Home Instead, Inc. (U.S.), ORPEA GROUPE (France), St Luke’s Eldercare Ltd. (Singapore), Right at Home, LLC (U.S.), Rosewood Care Group (Australia), Single Care (Brazil), Caregiverlist, Inc. (Brazil) .
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The Brazil elderly care market is segmented on the basis of product type, service, and application.
- On the basis of product type, the Brazil elderly care market is segmented into pharmaceuticals, housing, and assistive devices.
- On the basis of service, the Brazil elderly care market is segmented into homecare, institutional care, and adult day care.
- On the basis of application, the Brazil elderly care market is segmented into heart diseases, respiratory, diabetes, osteoporosis, cancer, neurological, kidney diseases, arthritis, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major Brazil elderly care market players in Brazil elderly care market are Koninklijke Philips N.V (Netherlands), BAYADA Home Health Care (U.S.), Econ Healthcare Group (Singapore), Home Instead, Inc. (U.S.), ORPEA GROUPE (France), St Luke’s Eldercare Ltd. (Singapore).
Market Developments
- In June 2023, ElderCare Solutions disclosed a strategic acquisition of GeriHealth Services, strengthening their position in the Brazil Elderly Care Market. This move enables ElderCare Solutions to expand its service portfolio and enhance care offerings for the aging population in the region.
- In May 2022, Sol Group revealed a strategic partnership with Palomba Holding, focusing on Brazil's home care sector. This collaboration aims to enhance elderly care services by leveraging their combined expertise, resources, and networks. The initiative reflects their commitment to elevating the quality of care for the elderly population in Brazil.
- In June 2023, Eldercare Solutions revealed its acquisition of Casa Cuidar, Brazil's leading home healthcare provider. This strategic move strengthens Eldercare position in the Brazil Elderly Care Market, expanding its reach and enhancing its portfolio of services for senior citizens.
- In June 2022, ElderCare Solutions revealed a strategic acquisition of Brazilian firm CaringHands, expanding its presence in the Brazil Elderly Care Market and enhancing its range of home-based care services for seniors in the region.
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