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Adult Day Care - Industry Market Research Report

  • November 2016
  • -
  • Ibisworld
  • -
  • 29 pages

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In good hands: An aging population and greater healthcare coverage will support growth



Abstract

Adult Day Care

The Adult Day Care industry has performed well over the past five years. The steadily aging population and expensive alternative long-term care options fueled demand for industry services. Growth slowed over the period, however, as state and local governments experienced budget shortfall stemming from the economic contraction, limiting growth through 2013. As the economy eventually recovered and disposable income increased, the industry began to rebound. Over the next five years, the number of people aged 65 and older in the United States is projected to continue expanding as a share of the total population. As the population ages, the prevalence of Alzheimer's and other physical and mental diseases will increase, bolstering demand for adult day care services.

This industry provides social and basic health assistance, including transportation, meals, personal hygiene and therapeutic activities, to the elderly and individuals with mental or physical disabilities. Services are typically provided during normal business hours through adult care centers. This industry does not include home care.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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