Dallas, May 28, 2021 (GLOBE NEWSWIRE) -- Elderly care, also known as senior care, is a form of personalized care that is tailored to the needs and conditions of senior citizens at different points of their lives. As a result, elderly care is a comprehensive concept that covers anything from assisted living and health care to adult daycare, home care, and hospice care. The rising geriatric population, as well as customer acceptance of home care facilities, is a major factor driving the industry forward. Furthermore, an increase in technical innovation, such as the invention of robotics capable of assisting elderly people with day-to-day tasks, is expected to fuel business demand. Likewise, numerous government organizations are funding this sector, resulting in business expansion.
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The growth in technology-enhanced senior care, the booming healthcare sector, federal health care policies, and rules around Medicaid and Medicare payment are all key business developments in the eldercare services market. The market's main growth factors are an aging demographic, chronic disease in the elderly, increased life expectancy, and an increase in health spending by senior citizens. However, the industry will face several obstacles in the coming years, which will cause market development to be disrupted. Lack of eligible workers, cost affordability, and less availability than demand are some of the issues faces by the market players. Elderly people are demanding a variety of smart technology that will enable them to live in their homes independently and with dignity. Increased demand for IoT-connected patient tracking devices and fall detection and prevention equipment, in particular, is assisting the smart elderly care solutions market's global advancement.
The industry leaders are Canada and the United States (in North America), led by European countries. In the Asia-Pacific region, India has raised to the top of the demand for eldercare facilities. Asia-Pacific will be a major industry leader in the coming years, as its population is aging more than that of other countries around the world. International buyers have been able to grow the market across regions due to the rising demand for elder care facilities. Improving service, decreasing fertility rates, expanding greying population, and advanced hospitalization spending are some factors likely to propel the demand.
For Competitor Segment, The Report Includes Global Key Players of Smart Elderly Care Solutions Market:
Emoha Elder Care, MariCare, TÜVSÜD, Ideable Solutions, Tuya Inc, ?eHomeCare, Atamate, SmartPeep, TENEO IOT, CLP, Owon, Heiman, DUSUN Electron
For Product Type Segment, This Report Listed Main Product Type of Smart Elderly Care Solutions Market:
Personalized Solutions
Regular Solutions
For End Use/Application Segment, This Report Focuses on The Status And Outlook For Key Applications. End users are also listed:
Residential
Commercial
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Table of Contents:
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Smart Elderly Care Solutions Market Size 2016-2026
2.1.2 Smart Elderly Care Solutions Market Size CAGR by Region 2020 VS 2021 VS 2026
2.2 Smart Elderly Care Solutions Segment by Type
2.3 Smart Elderly Care Solutions Market Size by Type
2.3.1 Global Smart Elderly Care Solutions Market Size CAGR by Type
2.3.2 Global Smart Elderly Care Solutions Market Size Market Share by Type (2016-2021)
2.4 Smart Elderly Care Solutions Segment by Application
2.5 Smart Elderly Care Solutions Market Size by Application
2.5.1 Global Smart Elderly Care Solutions Market Size CAGR by Application
2.5.2 Global Smart Elderly Care Solutions Market Size Market Share by Application (2016-2021)
3 Smart Elderly Care Solutions Market Size by Players
3.1 Smart Elderly Care Solutions Market Size Market Share by Players
3.1.1 Global Smart Elderly Care Solutions Revenue by Players (2019-2021E)
3.1.2 Global Smart Elderly Care Solutions Revenue Market Share by Players (2019-2021E)
3.2 Global Smart Elderly Care Solutions Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2019-2021E)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Smart Elderly Care Solutions by Regions
4.1 Smart Elderly Care Solutions Market Size by Regions (2016-2021)
4.2 Americas Smart Elderly Care Solutions Market Size Growth (2016-2021)
4.3 APAC Smart Elderly Care Solutions Market Size Growth (2016-2021)
4.4 Europe Smart Elderly Care Solutions Market Size Growth (2016-2021)
4.5 Middle East & Africa Smart Elderly Care Solutions Market Size Growth (2016-2021)
5 Americas
5.1 Americas Smart Elderly Care Solutions Market Size by Country (2016-2021)
5.2 Americas Smart Elderly Care Solutions Market Size by Type (2016-2021)
5.3 Americas Smart Elderly Care Solutions Market Size by Application (2016-2021)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Smart Elderly Care Solutions Market Size by Region (2016-2021)
6.2 APAC Smart Elderly Care Solutions Market Size by Type (2016-2021)
6.3 APAC Smart Elderly Care Solutions Market Size by Application (2016-2021)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Smart Elderly Care Solutions by Country (2016-2021)
7.2 Europe Smart Elderly Care Solutions Market Size by Type (2016-2021)
7.3 Europe Smart Elderly Care Solutions Market Size by Application (2016-2021)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Smart Elderly Care Solutions by Region (2016-2021)
8.2 Middle East & Africa Smart Elderly Care Solutions Market Size by Type (2016-2021)
8.3 Middle East & Africa Smart Elderly Care Solutions Market Size by Application (2016-2021)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
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and many more…
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