Rising inclination toward home care service to drive the Europe elderly care services market in the forecast period, 2024-2028.
According to TechSci Research report, “Europe Home Care & Assisted Living Market – By Region, Forecast and Opportunities, 2018-2028”, Europe home care & assisted living market is anticipated to grow at a significant rate in the forecast period, 2024-2028. The rising adoption of advanced technology and innovation along with the large number of patients suffering from life related diseases is augmenting the growth of the Europe home care & assisted living market. There are multiple advancements already being in use such as wearable devices, use of AI in devices, assistive medical robots, and devices and others. These continuous advancements are made to provide easy-to-use devices and services, such as Internet based home monitors, telemedicine, and others, which is likely to fuel the market over the forecast period. The use of home care and assisted living is very essential for elderly population as they require assistance due to complex health issues.
However, the high cost associated with the home care and assisted living services, lack of skilled professionals, and lack of awareness among masses, may hamper the growth of the market in the forecast period.
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The Europe Home Care & Assisted Living market is segmented into service type, service provider, country and company.
Based on service type, the market is divided into rehabilitation services, nursing services, personal care services, general well-being services, and others The rehabilitation services segment is expected to witness a rise over the forecast period. This is attributed to the rising number of surgeries, growing incidences of accidents and fractures.
Based on service provider, the market is divided into public, and private. The private segment is anticipated to grow at a faster rate during the forecast period. This is attributed to the presence of trained workers, and better consultation and service to the consumers.
Major companies operating in Europe home care & assisted living market are:
- Mears Group PLC
- Heritage Independent Living Ltd.
- Ashfield Healthcare Gmbh
- Bayada Home Health Care
- AB Care (European Service LLC)
- Korian Group
- Buurtzorg Nederland
- Legrand Group España, S.L.
- Orpea Group
- DomusVi SAS
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“Germany is expected to witness a significant growth in the upcoming years, due to the presence of a various service providers, and support from the government. Also, the country has all kinds of services such as institutional services, daycare, vocational rehabilitation services, among others. The improved living conditions, a large number of facilities for senior residents and also the increased public and government funding helps in improving care facilities, thus, in turn, strengthening the growth of the market, which is expected to grow through 2028” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Europe Home Care & Assisted Living Market, By Service Type (Rehabilitation Services, Nursing Services, Personal Care Services, General Well Being Services, Others), By Service Provider (Public, Private), By Country, Competition Forecast & Opportunities, 2028”, has evaluated the future growth potential of Europe home care & assisted living and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Europe home care & assisted living market.
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