The global adult day care services market is anticipated to witness good growth opportunities on account of the rising geriatric population worldwide. According to by Transparency Market Research (TMR), the surge in incomes of the people across nations is predicted to increase the demand for polished and exceptional quality services for the growing aged populace. The report, titled, “Adult Day Care Services Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024,” presents various projections on the market based on different market segments and sub segments, the trends driving it, and the opportunities and threats that players are likely to face.
The global adult care services market has been exhaustively researched based on the service type and geography. The large pool of geriatrics who are mostly left unattended due to the busy schedules of their families is a significant factor propelling the market. Moreover, the swiftly changing family structures and technological developments in the medical field are predicted to boost the demand for adult day care services over the years to come. However, a scarce workforce in the overall adult day care market and high costs may curtail the development of this market.
The global adult day care services market is stated to witness a number of opportunities for growth in the arena of training programs for the workforce and development of high-quality services. The development of an environment that boosts the morale of the aged individuals as well the employees is an area that is predicted to need increased focus.
Key players in the global adult day care services market are Alzheimer Association Day Care Center, National Adult Day Services Association (NADSA), Skilled Healthcare Group, Inc., Kindred Healthcare, Inc. and Genesis Healthcare Corp.