According to the WHO, the senior population in emerging nations is expected to reach about 1 billion by 2050, resulting in a high demand for elder care services and, as a result, expanding the market's scope in the near future. The increase in Asia-Pacific population life expectancy and the rise in illnesses such as dementia and Alzheimer's disease among the elderly will provide attractive growth opportunities for the elder care services business in the coming years. Furthermore, non-profit clinics, autonomous charitable units, and government-sponsored institutions have all played an important part in leveraging market expansion.
Frequently Asked Questions
The market is segmented based on Asia-Pacific Elderly Care Market 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 2031
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The Asia Pacific Elderly Care Market size was valued at USD 925.17 USD Billion in 2023.
The Asia Pacific Elderly Care Market is projected to grow at a CAGR of 5.4% during the forecast period of 2024 to 2031.
The major players operating in the market include Koninklijke Philips N.V., Amedisys, ECON Healthcare Group, Encompass Health Corporation, and more.
The market report covers data from the China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)..
