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The US Elderly Care Market to Reach Revenue of Over USD 651.48 Billion by 2029, More than $200 Billion Opportunities in the Next 6 Years - Focus Report by Arizton


CHICAGO, March 6, 2024 /PRNewswire/ -- According to Arizton's latest research report, the US elderly care services market will grow at a CAGR of 6.15% from 2022 to 2029.

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The U.S. Elderly Care Market?Report Scope 

Report Attributes??? 

Details???? 

Market Size (2029)??? 

USD 651.48 billion

Market Size (2023)??? 

USD 455.49 billion

CAGR (2022-2029)??? 

6.15 %

Forecast Year??? 

2023-2029

This report offers market size & forecast data for the elderly care services market in the U.S. The revenue generated from service offerings is included in the report. This report provides a comprehensive and current market scenario of the U.S. elderly care services market, including the U.S. elderly care services market size, anticipated market forecast, relevant market segmentations, and industry trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.

The US is the largest revenue contributor to the global elderly care services market. It is observed that elders prefer home treatment for respiratory therapy services and infusion therapy services, which shows a positive shift in the market growth during the forecast period. The demand for post-hospital home health treatment services for the elderly suffering from cancer is expected to rise during the forecast period. LHC Group is one of the leading market players in the US. To enhance home health services in the country, LHC Group entered an agreement for the joint venture with the Archbold Medical Center in 2022.

In 2023, west region dominated the market with the highest market share of 41.26% and is expected to reach 42.11% during the forecast period. The West region has a strong presence of assisted living facilities. Based on the American Health Care Association and National Center for Assisted Living report 2023, the West region had the highest presence of assisted living communities compared to other regions. Approximately 2,121 certified skilled nursing facilities are present in the western region of the US. Alaska is one of the significant markets for elderly care services in the US. Around 45% of assisted living residents in this state are over 85. There is a constant increase in the aged population; for instance, in 2019, around 12.0% of the population in this state was 65 and above. The price for assisted living facilities is a bit higher when compared to other zones. This is because of the size of the population living in the West zone, thereby causing more demand for assisted living communities, which, in turn, contributes to higher prices. California boasts the highest number of senior care providers compared to any other state in the US, making it home to a substantial portion of the nation's assisted living communities.

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Product Segmentation & Forecast

U.S. Elderly Care Services Market Vendors

Key Players

Other Prominent Players

Key Question Answered in the Report

How big is the U.S. elderly care services market?

What is the growth of the U.S. elderly care services market?

What factors are driving the growth of the U.S. elderly care services market?

Who are the key players in the U.S. elderly care services market?

Table of Contents

CHAPTER ? 1: Elderly Care Services Market Overview

CHAPTER ? 2: Elderly Care Services Market

CHAPTER ? 3: Elderly Care Services Market Segmentation Data

CHAPTER ? 4: Elderly Care Services Market Prospects & Opportunities

CHAPTER ? 5: Elderly Care Services Industry Overview

CHAPTER ? 6: Appendix

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About Focused Reports by Arizton???????? 

Welcome to Focused Reports, an esteemed Arizton Advisory & Intelligence subsidiary committed to delivering precise and insightful market research reports across all key geographies. Our unique selling proposition lies in our affordable pricing, accurate data, in-depth research, and presentation-ready reports. With us, expensive market research is a thing of the past. We aim to be strategic, providing valuable data. Focus Reports is where folks come to name their ideas, create a compelling brand and a great-looking website, and attract customers with digital and social marketing.?????????? 

About Us:???????????????????????????????????????????????????????? 

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.?????????????????????????????????????????????????????? 

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.??????????????????????????????????????????????????????? 

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.???????? 

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SOURCE Arizton Advisory & Intelligence


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