Europe
elderly care facilities market is anticipated to observe an impressive growth
during the forecast period, 2024-2028. Robust growth in ageing population
coupled with rising chronic conditions such as diabetes, cancer, asthma, arthritis,
cancer, among others, are augmenting the growth of the market. According to
the global cancer observatory, in 2020, around 4,398,443 new cancer cases were
reported in the Europe. Of these reported new cancer cases, 2,339,617 were
reported in males while that reported in females were around 2,058,826. Breast
Cancer, Colorectum Cancer, Lung Cancer, Prostate Cancer, and Bladder Cancer
were the most prominent types of cancer types in the European region. Elderly
care facilities are facilities which provide care and services to senior
citizens. These facilities help old age people when they are ill, retired, or
wanted to live independently, and also provide long-term care needs, thus, in
turn improve their quality of life. There are various other factors which are supporting
the growth of the elderly care facilities market in the Europe such as changing lifestyle, societal behaviors, increase in
healthcare expenditure, rise in number of homecare and nursing homes, improved
day-care facilities, rising awareness regarding geriatric care facilities, increase
in average life expectancy, increasing spending on
health and wellness, and rise in number of elderly people suffering from
health conditions. In addition to these, there are numerous benefits of having elderly
care facilities such as assistance for performing daily activities, 24×7
professional medical support, help in making seniors independent of
responsibilities, among others.
Rise
in Prevalence of Chronic Conditions
Growing
incidences and prevalence of chronic diseases such as cancer, diabetes, heart
strokes, cardiovascular diseases (CVDs), among others among geriatric
population in the country, is bolstering the growth of the market. According to the European Society of
Cardiology’s 2019 report, there are over 6 million new cases of CVD in the
European Union (EU) and over 11 million in Europe in total, every year. Also,
occurrence of dementia in elderly is very common in the Europe. Large number of
elderlies are suffering from these chronic diseases due to which there is a
surge in demand for elderly care facilities which, in turn, bolster the growth
of the market. In addition, the increase in the proportion of older people who
are aged 60 and more in the country is facilitating the growth of the market. For instance, according to Statista data of 2021, Europe has largest
proportion of the ageing population with 19%, where Italy has the largest
elderly population share with 23.5% of total population.
Rapid
Change in Lifestyle
In
Europe, traditionally older people tend to live with the family but now, the
trend is changed. Now, growing number of old people has put a lot of pressure
on younger generation as they need to take care of them along with work. Owing
to the demanding jobs, they are not able to take care of them or are less
incline. Therefore, there is a rising need for elderly care facilities in the
country. Furthermore, there are also some old age people who demand for more
independence and also a life where they can live with dignity, as it provides
comfort and peace of mind. As a result, these factors are likely to facilitate
the growth of the market.
Recent
Developments
- From 2020, the German care home sector has received the cross-border
investments, at just under USD2billion.
- In 2021, Domidep backed by I Squared Capital acquired Römergarten
Senioren-Residenzen.
- In 2019, Charleston having 47 sites and 4,050 beds were sold by EQT Partners
to KOS and Primonial REIM
- Due to the overworked care staff, SARA (Social & Autonomous Robotic
health Assistant), an innovation initiated by the robotic system is used as an
assistant which improves the elderly care in hospitals and nursing homes.
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Market Segmentation
Europe elderly care facilities
market is segmented into type, service provider, by
country, and company. Based on type, the market is divided into independent
living facilities, assisted living communities, nursing homes, continuing care
retirement communities, others. Based on service
provider, the market is categorized into private and public. In terms of countries,
the market is segmented into France, Germany, United Kingdom, Italy, Spain,
Finland, Greece, Portugal, Bulgaria, and Croatia.
Market Players
Korian Group, Orpea Group, DomusVi
SAS, Groupe Colisée, HC-One Ltd, Attendo AB, Malsons de Famille, Victors Group,
Bupa Care Homes, and Nordic Capital are some of the leading companies operating in the market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, CAGR for 2018-2022
and 2023-2028
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Report coverage
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Revenue forecast, Company share, Competitive landscape, Growth
factors, and Trends
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Segments covered
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Type
Service Provider
Country
Company
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Country scope
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France, Germany, United Kingdom, Italy, Spain, Finland,
Greece, Portugal, Bulgaria, and Croatia.
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Key companies profiled
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Korian Group, Orpea Group, DomusVi SAS,
Groupe Colisée, HC-One Ltd, Attendo AB, Malsons de Famille, Victors Group,
Bupa Care Homes, and Nordic Capital
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet
your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Europe elderly
care facilities market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
·
Europe Elderly Care
Facilities Market, By Type:
o
Independent
Living Facilities
o
Assisted
Living Communities
o
Nursing
Homes
o
Continuing
Care Retirement Communities
o
Others
·
Europe Elderly Care
Facilities Market, By Service Provider:
o
Public
o
Private
·
Europe Elderly Care
Facilities Market, By Country:
o
France
o
Germany
o
United
Kingdom
o
Italy
o
Spain
o
Finland
o
Greece
o
Portugal
o
Bulgaria
o
Croatia.
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present Europe elderly care facilities market
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market
players (up to five).
Europe Elderly Care Facilities Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]