Care Services Market: Global Industry Analysis and Forecast (2024 -2030)

Global Care Services Market size was valued at USD 48.02 Bn. in 2023 and the total Care Services revenue is expected to grow at CAGR of 5.95 % from 2024 to 2030, reaching nearly USD 70.9 Bn.

Care Services Market Overview:

Care services encompass a broad array of assistance offered to individuals facing challenges due to age, illness, or disability. Provided by professionals or family, these services aim to improve quality of life and are tailored for various settings and individual needs, including temporary or long-term support. Care Services Market is growing with the CAGR of 5.95 % in the forecasting period of 2024-2030, due drivers of the care services market include an aging global population, leading to increased demand for elderly care, especially home care and nursing services. Technological advancements like telemedicine enhance care delivery. Rising chronic condition awareness and economic factors, such as higher disposable incomes, further boost market growth. Additionally, smaller family dynamics create greater reliance on professional caregiving services, while public support programs help a broader population. Regionally, North America leads the care services market, driven by a large aging population and strong government support through programs like Medicare and Medicaid. This region also benefits from advanced healthcare infrastructure and a high demand for private care services. Europe follows closely, with rapid aging trends and increasing demand for affordable, senior care solutions like assisted living and home care. The private nursing and home care sectors are seeing strong growth due to demographic shifts and the desire for more tailored care options. Innovations in technology, such as telemedicine and remote monitoring, are also playing a key role in transforming care services. Care Services Market 2024-2030To know about the Research Methodology :- Request Free Sample Report

Drivers

Shift toward Home-Based and Personalized Care: Home-based care is becoming a preferred option for many patients and healthcare systems due to its affordability, convenience, and ability to offer personalized care in a familiar environment. Telemedicine and remote monitoring technologies have significantly advanced this shift, allowing healthcare providers to remotely assess, diagnose, and manage patient conditions. This reduces the need for frequent hospital visits, lowers healthcare costs, and enhances patient comfort. With real-time data collection through wearable devices and telehealth consultations, home-based care is becoming more efficient, enabling continuous monitoring of chronic conditions and timely interventions, all while maintaining high standards of care. Raising Aging Population: The global increase in elderly populations is a major factor driving the growth of the care services market, especially in developed countries where life expectancy has risen. As people age, they often experience a decline in physical and mental health, requiring more frequent medical attention and support. This demographic shift is leading to a growing demand for a wide range of healthcare services, from in-home care for those who prefer to live independently, to specialized care in nursing homes and assisted living facilities for individuals with more complex needs. Elderly individuals are more likely to suffer from chronic conditions such as arthritis, dementia, or heart disease, which necessitate ongoing care, rehabilitation, and medical supervision. The increased demand for these services is prompting healthcare systems to expand their offerings, with a focus on improving long-term care options, integrating technology for better management, and creating more sustainable care models to accommodate the needs of an aging population. Challenges The care services market growth is hindered by several challenges, including a shortage of skilled healthcare professionals like nurses and caregivers, strained by aging populations and increased demand for long-term care. High costs of services, particularly for elderly and specialized care, limit access, especially in lower-income areas. Care Services Market by size

Global Care Services Market Segment Analysis

By the Service type, home care services are the dominant segment in 2023 in care services market. This growth is driven by a substantial increase in the global elderly population and a rising preference for aging in place. Home care services encompass both medical care (such as palliative care and rehabilitation) and non-medical support (like personal care and homemaking). The demand for such services has been further propelled by advancements in telehealth, smart home technologies, and wearable health devices, which enhance the delivery of care at home. Residential care services such as nursing homes and assisted living also growing, particularly in regions with aging populations. These services provide a more comprehensive, institutional setting for individuals requiring round-the-clock care.

Care Services Market Regional Insights:

North America region dominated the Care Services Market in 2023, particularly the in U.S. and Canada, an aging population, advanced healthcare infrastructure, and high disposable incomes are fueling demand for home care, nursing, and assisted living services. Europe shows a similar trend, with countries like Germany, France, and the UK experiencing increased demand due to a significant elderly population and supportive government policies. Meanwhile, the Asia-Pacific region, led by countries such as Japan, China, and India, is seeing rapid growth in the care services market. This is largely due to a growing middle-class population, rising healthcare awareness, and significant investments in healthcare infrastructure. Each region’s unique economic and demographic factors shape its care services market dynamics and the range of available services. The global care services market is witnessing regional variations driven by demographic trends, economic conditions, and government healthcare policies. U.S. Home Care market Size Competitive Landscape: The Care Services Market is highly competitive with leading companies like Genesis HealthCare, Home Instead Senior Care, McKesson Corporation, BD, Humana, UnitedHealth Group, and B. Braun Melsungen AGare. Genesis HealthCare is a major player in the U.S. care services market, providing a wide range of post-acute, long-term, and rehabilitation care services. Headquartered in Pennsylvania, Genesis HealthCare operates skilled nursing facilities and senior living centers across multiple states, making it one of the largest providers of skilled nursing and senior care in the country. The company's services cater primarily to elderly patients requiring rehabilitation, long-term residential care, and post-hospital recovery, positioning Genesis as a key player in the care service market. While the Baxter International Inc., a U.S. based healthcare company, plays a significant role in the care services market, primarily through its extensive range of products and services that support patient care in various settings. Known for its innovations in medical products, Baxter provides essential care solutions, including intravenous (IV) therapy, renal care, clinical nutrition, and surgical products. The company is especially prominent in home and acute care, supporting patients with chronic and acute medical needs both in hospitals and in home-based settings. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which gives a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Care Services Market dynamic, and structure by analyzing the market segments and projecting the Global Care Services Market size. Clear representation of competitive analysis of key players By Price Range, price, financial position, product portfolio, growth strategies, and regional presence in the Global Care Services Market make the report an investor’s guide. Recent Developments in Healthcare Industry • On July 3, 2024, Genesis HealthCare, Inc., one of the largest post-acute providers in the nation, announced that three affiliated locations have been recognized as 2024 recipients of the Silver– Commitment to Quality Award by the American Health Care Association and National Center for Assisted Living (AHCA/NCAL) for their commitment to improving the lives of residents through quality care. This award is the second of three distinctions possible through the AHCA/NCAL National Quality Award Program, which recognizes organizations that meet progressively rigorous standards of performance to further improve the lives of residents and staff in long term care and senior living. • On January 4, 2024, McKesson acquired Compile, a healthcare data platform that integrates data from across the US healthcare system. This acquisition is expected to help McKesson commercialize data and provide insights to biopharma customers • On September 26, 2024, Baxter International Inc. introduced its next-generation airway clearance system, The Vest Advanced Pulmonary Experience (APX) System, at the North American Cystic Fibrosis Conference. Designed for adults and children with chronic lung conditions, it retains reliable airflow technology while improving comfort and incorporating feedback from clinicians and patients. • In 2024, Health Catalyst announced that it has acquired Lumeon, a digital health company that helps provider organizations improve care coordination

Care Services Market Scope: Inquire Before Buying

Global Care Services Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: USD 48.02 Bn.
Forecast Period 2024 to 2030 CAGR: 5.95% Market Size in 2030: USD 70.9 Bn.
Segments Covered: by Service Type Palliative and Hospice Care Services Adult day-care Services Home Care Services Residential Care Services Other Services
by Service Provider Public Private
by End User Nursing care facilities Home healthcare services Others

Care Services Market, by Region

North America (United States, Canada, and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, ASEAN, and the Rest of APAC) Middle East & Africa (South Africa, GCC, Nigeria, Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Care Services Market, Key Players

1. Genesis HealthCare 2. Home Instead Senior Care 3. McKesson Corporation 4. BD 5. Humana 6. UnitedHealth Group 7. B. Braun Melsungen AG 8. Baxter International Inc 9. Fresenius Medical Care AG & Co. KGAA 10. Diversicare Healthcare Services, Inc 11. Health Catalyst 12. Brookdale Senior Living Inc 13. Kindred Healthcare 14. NTUC Health Co-Operative Ltd., 15. Benesse Style Care Co., Ltd, 16. Carewell-Service Co., 17. GGNSC Holdings, 18. GoldenCare Group Private Limited, 19. Pacific Healthcare Nursing Home, 20. ApnaCare Latin America Private Limited, 21. Econ Healthcare Group Frequently Asked Questions: 1. Which region has the largest share in the Global Care Services Market? Ans: The North America region held the highest share in 2023. 2. What is the growth rate of the Global Care Services Market? Ans: Growth rate of the Global Care Services Market is 5.95 %. 3. What is the scope of the Global Care Services Market report? Ans: The Global Care Services Market report helps with the PESTEL, PORTER, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in the Global Care Services Market? Ans: Genesis HealthCare, Home Instead Senior Care, McKesson Corporation, BD, Humana, UnitedHealth Group, and B. Braun Melsungen AGare the key players of the Global Care Services Market. 5. What is the study period of this market? Ans: The Global Care Services Market is studied from 2023 to 2030.
1. Care Services Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Care Services Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Product Segment 2.5.3. End-user Segment 2.5.4. Revenue (2023) 2.5.5. Key Development 2.5.6. Market Share 2.6. Industry Ecosystem 2.6.1. Key players in the Air Separation Plant ecosystem 2.6.2. Role of companies in the Air Separation Plant ecosystem 2.7. Upcoming Technological and Advancement Initiatives by Key Players 2.8. Market Structure 2.8.1. Market Leaders 2.8.2. Market Followers 2.8.3. Emerging Players 2.9. Consolidation of the Market 2.9.1. Strategic Initiatives and Developments 2.9.2. Mergers and Acquisitions 2.9.3. Collaborations and Partnerships 2.9.4. Product Launches and Innovations 3. Care Services Market: Dynamics 3.1. Care Services Market Trends by Region 3.1.1. North America Care Services Market Trends 3.1.2. Europe Care Services Market Trends 3.1.3. Asia Pacific Care Services Market Trends 3.1.4. South America Care Services Market Trends 3.1.5. Middle East & Africa (MEA) Care Services Market Trends 3.2. Care Services Market Dynamics by Region 3.2.1.1. Drivers 3.2.1.2. Restraints 3.2.1.3. Opportunities 3.2.1.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.3.1. Threat of New Entrants 3.3.2. Threat of Substitutes 3.3.3. Bargaining Power of Suppliers 3.3.4. Bargaining Power of Buyers 3.3.5. Intensity of Competitive Rivalry 3.4. Value Chain Analysis 3.5. Trends and Disruption Impacting Customer Business 3.5.1. Trends and Disruption Impacting Customer Business 3.6. Regulatory Landscape 3.6.1. Regulation by Region 3.6.2. Tariff and Taxes 3.6.3. Regulatory Bodies, Government agencies, and other organization by Region 4. Care Services Market: Global Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 4.1. Global Care Services Market Size and Forecast, By Service Type (2023-2030) 4.1.1. Palliative and Hospice Care Services 4.1.2. Adult day-care Services 4.1.3. Home Care Services 4.1.4. Residential Care Services 4.1.5. Other Services 4.2. Global Care Services Market Size and Forecast, By Service Providers (2023-2030) 4.2.1. Public 4.2.2. Private 4.3. Global Care Services Market Size and Forecast, by End User (2023-2030) 4.3.1. Nursing care facilities 4.3.2. Home healthcare services 4.3.3. Others 4.4. Global Care Services Market Size and Forecast, by Region (2023-2030) 4.4.1. North America 4.4.2. Europe 4.4.3. Asia Pacific 4.4.4. South America 4.4.5. MEA 5. North America Care Services Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 5.1. North America Care Services Market Size and Forecast, By Service Type (2023-2030) 5.1.1. Palliative and Hospice Care Services 5.1.2. Adult day-care Services 5.1.3. Home Care Services 5.1.4. Residential Care Services 5.1.5. Other Services 5.2. North America Care Services Market Size and Forecast, By Service Providers (2023-2030) 5.2.1. Public 5.2.2. Private 5.3. North America Care Services Market Size and Forecast, by End User (2023-2030) 5.3.1. Nursing care facilities 5.3.2. Home healthcare services 5.3.3. Others 5.4. North America Care Services Market Size and Forecast, by Country (2023-2030) 5.4.1. United States 5.4.1.1. United States Care Services Market Size and Forecast, By Service Type (2023-2030) 5.4.1.1.1. Palliative and Hospice Care Services 5.4.1.1.2. Adult day-care Services 5.4.1.1.3. Home Care Services 5.4.1.1.4. Residential Care Services 5.4.1.1.5. Other Services 5.4.1.2. United States Care Services Market Size and Forecast, By Service Providers (2023-2030) 5.4.1.2.1. Public 5.4.1.2.2. Private 5.4.1.3. United States Care Services Market Size and Forecast, by End User (2023-2030) 5.4.1.3.1. Nursing care facilities 5.4.1.3.2. Home healthcare services 5.4.1.3.3. Others 5.4.2. Canada 5.4.2.1. Canada Care Services Market Size and Forecast, By Service Type (2023-2030) 5.4.2.1.1. Palliative and Hospice Care Services 5.4.2.1.2. Adult day-care Services 5.4.2.1.3. Home Care Services 5.4.2.1.4. Residential Care Services 5.4.2.1.5. Other Services 5.4.2.2. Canada Care Services Market Size and Forecast, By Service Providers (2023-2030) 5.4.2.2.1. Public 5.4.2.2.2. Private 5.4.2.3. Canada Care Services Market Size and Forecast, by End User (2023-2030) 5.4.2.3.1. Nursing care facilities 5.4.2.3.2. Home healthcare services 5.4.2.3.3. Others 5.4.3. Mexico 5.4.3.1. Mexico Care Services Market Size and Forecast, By Service Type (2023-2030) 5.4.3.1.1. Palliative and Hospice Care Services 5.4.3.1.2. Adult day-care Services 5.4.3.1.3. Home Care Services 5.4.3.1.4. Residential Care Services 5.4.3.1.5. Other Services 5.4.3.2. Mexico Care Services Market Size and Forecast, By Service Providers (2023-2030) 5.4.3.2.1. Public 5.4.3.2.2. Private 5.4.3.3. Mexico Care Services Market Size and Forecast, by End User (2023-2030) 5.4.3.3.1. Nursing care facilities 5.4.3.3.2. Home healthcare services 5.4.3.3.3. Others 6. Europe Care Services Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 6.1. Europe Care Services Market Size and Forecast, By Service Type (2023-2030) 6.2. Europe Care Services Market Size and Forecast, By Service Providers (2023-2030) 6.3. Europe Care Services Market Size and Forecast, by End User (2023-2030) 6.4. Europe Care Services Market Size and Forecast, by Country (2023-2030) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Care Services Market Size and Forecast, By Service Type (2023-2030) 6.4.1.2. United Kingdom Care Services Market Size and Forecast, By Service Providers (2023-2030) 6.4.1.3. United Kingdom Care Services Market Size and Forecast, by End User (2023-2030) 6.4.2. France 6.4.2.1. France Care Services Market Size and Forecast, By Service Providers (2023-2030) 6.4.2.2. France Care Services Market Size and Forecast, By Service Type (2023-2030) 6.4.2.3. France Care Services Market Size and Forecast, by End User (2023-2030) 6.4.3. Germany 6.4.3.1. Germany Care Services Market Size and Forecast, By Service Type (2023-2030) 6.4.3.2. Germany Care Services Market Size and Forecast, By Service Providers (2023-2030) 6.4.3.3. Germany Care Services Market Size and Forecast, by End User (2023-2030) 6.4.4. Italy 6.4.4.1. Italy Care Services Market Size and Forecast, By Service Type (2023-2030) 6.4.4.2. Italy Care Services Market Size and Forecast, By Service Providers (2023-2030) 6.4.4.3. Italy Care Services Market Size and Forecast, by End User (2023-2030) 6.4.5. Spain 6.4.5.1. Spain Care Services Market Size and Forecast, By Service Type (2023-2030) 6.4.5.2. Spain Care Services Market Size and Forecast, By Service Providers (2023-2030) 6.4.5.3. Spain Care Services Market Size and Forecast, by End User (2023-2030) 6.4.6. Sweden 6.4.6.1. Sweden Care Services Market Size and Forecast, By Service Type (2023-2030) 6.4.6.2. Sweden Care Services Market Size and Forecast, by End User (2023-2030) 6.4.7. Austria 6.4.7.1. Austria Care Services Market Size and Forecast, By Service Type (2023-2030) 6.4.7.2. Austria Care Services Market Size and Forecast, By Service Providers (2023-2030) 6.4.7.3. Austria Care Services Market Size and Forecast, by End User (2023-2030) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Care Services Market Size and Forecast, By Service Type (2023-2030) 6.4.8.2. Rest of Europe Care Services Market Size and Forecast, By Service Providers (2023-2030) 6.4.8.3. Rest of Europe Care Services Market Size and Forecast, by End User (2023-2030) 7. Asia Pacific Care Services Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 7.1. Asia Pacific Care Services Market Size and Forecast, By Service Type (2023-2030) 7.2. Asia Pacific Care Services Market Size and Forecast, By Service Providers (2023-2030) 7.3. Asia Pacific Care Services Market Size and Forecast, by End User (2023-2030) 7.4. Asia Pacific Care Services Market Size and Forecast, by Country (2023-2030) 7.4.1. China 7.4.1.1. China Care Services Market Size and Forecast, By Service Type (2023-2030) 7.4.1.2. China Care Services Market Size and Forecast, By Service Providers (2023-2030) 7.4.1.3. China Care Services Market Size and Forecast, by End User (2023-2030) 7.4.2. S Korea 7.4.2.1. S Korea Care Services Market Size and Forecast, By Service Type (2023-2030) 7.4.2.2. S Korea Care Services Market Size and Forecast, By Service Providers (2023-2030) 7.4.2.3. S Korea Care Services Market Size and Forecast, by End User (2023-2030) 7.4.3. Japan 7.4.3.1. Japan Care Services Market Size and Forecast, By Service Type (2023-2030) 7.4.3.2. Japan Care Services Market Size and Forecast, By Service Providers (2023-2030) 7.4.3.3. Japan Care Services Market Size and Forecast, by End User (2023-2030) 7.4.4. India 7.4.4.1. India Care Services Market Size and Forecast, By Service Type (2023-2030) 7.4.4.2. India Care Services Market Size and Forecast, By Service Providers (2023-2030) 7.4.4.3. India Care Services Market Size and Forecast, by End User (2023-2030) 7.4.5. Australia 7.4.5.1. Australia Care Services Market Size and Forecast, By Service Type (2023-2030) 7.4.5.2. Australia Care Services Market Size and Forecast, By Service Providers (2023-2030) 7.4.5.3. Australia Care Services Market Size and Forecast, by End User (2023-2030) 7.4.6. ASEAN 7.4.6.1. ASEAN Care Services Market Size and Forecast, By Service Type (2023-2030) 7.4.6.2. ASEAN Care Services Market Size and Forecast, By Service Providers (2023-2030) 7.4.6.3. ASEAN Care Services Market Size and Forecast, by End User (2023-2030) 7.4.7. Rest of Asia Pacific 7.4.7.1. Rest of Asia Pacific Care Services Market Size and Forecast, By Service Type (2023-2030) 7.4.7.2. Rest of Asia Pacific Care Services Market Size and Forecast, By Service Providers (2023-2030) 7.4.7.3. Rest of Asia Pacific Care Services Market Size and Forecast, by End User (2023-2030) 8. South America Care Services Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 8.1. South America Care Services Market Size and Forecast, By Service Type (2023-2030) 8.2. South America Care Services Market Size and Forecast, By Service Providers (2023-2030) 8.3. South America Care Services Market Size and Forecast, by End User (2023-2030) 8.4. South America Care Services Market Size and Forecast, by Country (2023-2030) 8.4.1. Brazil 8.4.1.1. Brazil Care Services Market Size and Forecast, By Service Type (2023-2030) 8.4.1.2. Brazil Care Services Market Size and Forecast, By Service Providers (2023-2030) 8.4.1.3. Brazil Care Services Market Size and Forecast, by End User (2023-2030) 8.4.2. Argentina 8.4.2.1. Argentina Care Services Market Size and Forecast, By Service Type (2023-2030) 8.4.2.2. Argentina Care Services Market Size and Forecast, By Service Providers (2023-2030) 8.4.2.3. Argentina Care Services Market Size and Forecast, by End User (2023-2030) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Care Services Market Size and Forecast, By Service Type (2023-2030) 8.4.3.2. Rest Of South America Care Services Market Size and Forecast, By Service Providers (2023-2030) 8.4.3.3. Rest Of South America Care Services Market Size and Forecast, by End User (2023-2030) 9. Middle East and Africa Care Services Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 9.1. Middle East and Africa Care Services Market Size and Forecast, By Service Type (2023-2030) 9.2. Middle East and Africa Care Services Market Size and Forecast, By Service Providers (2023-2030) 9.3. Middle East and Africa Care Services Market Size and Forecast, by End User (2023-2030) 9.4. Middle East and Africa Care Services Market Size and Forecast, by Country (2023-2030) 9.4.1. South Africa 9.4.1.1. South Africa Care Services Market Size and Forecast, By Service Type (2023-2030) 9.4.1.2. South Africa Care Services Market Size and Forecast, By Service Providers (2023-2030) 9.4.1.3. South Africa Care Services Market Size and Forecast, by End User (2023-2030) 9.4.2. GCC 9.4.2.1. GCC Care Services Market Size and Forecast, By Service Type (2023-2030) 9.4.2.2. GCC Care Services Market Size and Forecast, By Service Providers (2023-2030) 9.4.2.3. GCC Care Services Market Size and Forecast, by End User (2023-2030) 9.4.3. Rest Of MEA 9.4.3.1. Rest Of MEA Care Services Market Size and Forecast, By Service Type (2023-2030) 9.4.3.2. Rest Of MEA Care Services Market Size and Forecast, By Service Providers (2023-2030) 9.4.3.3. Rest Of MEA Care Services Market Size and Forecast, by End User (2023-2030) 10. Company Profile: Key Players 10.1. Genesis HealthCare 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. Home Instead Senior Care 10.3. McKesson Corporation 10.4. BD 10.5. Humana 10.6. UnitedHealth Group 10.7. B. Braun Melsungen AG 10.8. Baxter International Inc 10.9. Fresenius Medical Care AG & Co. KGAA 10.10. Diversicare Healthcare Services, Inc 10.11. Health Catalyst 10.12. Brookdale Senior Living Inc 10.13. Kindred Healthcare 10.14. NTUC Health Co-Operative Ltd., 10.15. Benesse Style Care Co., Ltd, 10.16. Carewell-Service Co., 10.17. GGNSC Holdings, 10.18. GoldenCare Group Private Limited, 10.19. Pacific Healthcare Nursing Home, 10.20. ApnaCare Latin America Private Limited, 10.21. Econ Healthcare Group 11. Key Findings & Analyst Recommendations 12. Care Services Market: Research Methodology
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