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Global Caring Services Industry

The world caring services industry (part of the global consumer services market) touches on many sectors, including senior care, social care, childcare and healthcare. The industry is highly labor intensive, as caregivers must give maximum attention to patients, children and elderly persons.

Demand for care-related personal services continues to climb due to rising employment rates, putting households in a better position to pay for care for family members of different ages. With many families now having two parents in the workforce, the demand for childcare services also continues to expand. Similarly, with elderly family members living longer and suffering from a host of conditions requiring intensive care, demand for nursing home care and home healthcare is rising steadily.

Key Market Segments

The world home healthcare industry is expected to reach $372 billion by 2015, according to Global Industry Analysts. Cases of diseases affecting older patients, including cardiac problems, diabetes, Alzheimer’s and arthritis, are on the rise and necessitate a greater degree of care. Due to staff shortages, technology is playing an increasingly vital role in the home healthcare services industry. The home healthcare sector is growing globally, with the US and the EU dominating the market. These regional markets have the support of advanced technology and well-established equipment-manufacturers. Thanks to an aging population and awareness surrounding low-cost treatments and health insurance for home care, the healthcare market is particularly strong.

In the UK, an aging population and an increasing number of elderly people suffering from diseases requiring acute care is driving demand for nursing homes and care homes. However, following the economic recession, and government budget cuts in particular, the market is falling short of its potential, according to research from Key Note. Under the government’s 2010 Comprehensive Spending Review, annual local authority funding was cut by 7% through 2014. Consequently, some local government bodies upped the eligible age for free social care for adults. The UK care home market is dominated by a limited number of large companies. Leading names operating in the market include BUPA, Sunrise Senior Living and Barchester Healthcare. Previously the UK’s leading home care outfit was Southern Cross. However,since its collapse, Four Seasons Health Care has taken the top spot, taking on 140homes from Southern Cross in the second half of 2011. Though negatively impacted by the economic recession, Key Note research shows thatcare homes remain a long-term growth opportunity because of increasing longevityrates. Segments likely to hold strong potential will be outfits offering specialist care forage-related diseases. Demand for high-quality care is equally set to rise.

The US childcare services industry is forecast to reach close to $40 billion by 2015, according to research from Global Industry Analysts. Market growth is fuelled by rising employment and demographic factors such as birth rates and growth in the number of children under 5 years of age, a segment which should see particularly strong growth through 2015. With the number of dual-income households increasing in the US, many families have two parents working outside of the home, with the means to pay for child day care.

India’s preschool childcare industry is expected to record yearly growth of close to 14% between 2011 and 2014, according to RNCOS. Market growth will be fuelled by rising levels of disposable income, rising numbers of dual-income households and high-qualitypreschool education demand. India’s preschool education market, which offers pre-primary education for the two-to-four age group, is witnessing a rising level of franchising, with many businesses establishing or growing their brands by way of education franchises. Leading names operating in the market include Euro kids and Kidzee

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Caring Services Industry in the US - Forecast

  • February 2017
    22 pages
  • Caring Services  

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Caring Services Industry in the UK and Asia - Forecast

  • January 2017
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Caring Services Industry in Japan and the US

  • January 2016
    11 pages
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Caring Services Industry in Italy

  • September 2016
    11 pages
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Caring Services Industry in the UK - Forecast

  • March 2017
    23 pages
  • Caring Services  

  • United Kingdom  

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Caring Services Markets in Canada

  • October 2016
    10 pages
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Caring Services Markets in India

  • December 2016
    15 pages
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Search in Caring Services Industry (About 4500 reports)
Parent industry: Consumer Services
Related industries: Household Services, Pet Care, Funeral Services, Beauty and Wellness Services, Education and Training

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Home Healthcare Market - By Products (Dialysis, Diabetes, Drug Delivery, Essential, Mobility, Respiratory & Others); Services (Rehabilitation, Skilled, Unskilled, Virtual, Hospice, Companion, Social & Others) - Forecast (2017 - 2022)

Home Healthcare Market - By Products (Dialysis, Diabetes, Drug Delivery, Essential, Mobility, Respiratory & Others); Services (Rehabilitation, Skilled, Unskilled, Virtual, Hospice, Companion, Social & Others) - Forecast (2017 - 2022)

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The home healthcare equipment and services market is slated to grow at 6% to 8% year on year for the next five years. The demand for home healthcare services is growing at a steady pace across the globe. ...

Europe Home Healthcare And Residential Nursing Care Ser ...

February 2017 $ 2000

Russia Home Healthcare And Residential Nursing Care Ser ...

February 2017 $ 1000

France Home Healthcare And Residential Nursing Care Ser ...

February 2017 $ 1000

Uk Home Healthcare And Residential Nursing Care Service ...

February 2017 $ 1000

Spain Home Healthcare And Residential Nursing Care Serv ...

February 2017 $ 1000

India Home Healthcare And Residential Nursing Care Serv ...

February 2017 $ 1000

Japan Home Healthcare And Residential Nursing Care Serv ...

February 2017 $ 1000

Italy Home Healthcare And Residential Nursing Care Serv ...

February 2017 $ 1000

Brazil Home Healthcare And Residential Nursing Care Ser ...

February 2017 $ 1000

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