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Geriatric Care Services Market Size and Forecast 2025 to 2034
The global geriatric care services market size was estimated at USD 1144.26 billion in 2024 and is anticipated to reach around USD 2127.85 billion by 2034, expanding at a CAGR of 6.40% from 2025 to 2034.
Geriatric Care Services Market Key Takeaways
- North America dominated the global geriatric care services market with the largest market share of 41.48% in 2024.
- Asia Pacific is expected to expand at a solid CAGR of 8.32% during the forecast period.
- By service, the home care segment contributed the highest market share of 43% in 2024.
U.S. Geriatric Care Services Market Size and Growth 2025 to 2034
The U.S. geriatric care services market size was evaluated at USD 355.98 billion in 2024 and is predicted to be worth around USD 667.19 billion by 2034, rising at a CAGR of 6.48% from 2025 to 2034.
North America dominated the global geriatric care services market with the largest market share of 41.48% in 2024. The US has dominated the North American market. US is the largest market for geriatric care services as it has a rising geriatric population. It provides insurance services and government funding for the elderly people. In US, about 7500 centers are providing geriatric care services. Italy has the maximum number of aged people in the European countries. The geriatric care services market rally is expected to grow at a CR of 9.2% during the forecast. Due to the availability of well established health policiesand high average life expectancythe market is expected to grow. Many major players of the geriatric care services market are targeting the european nations.
Asia Pacific is expected to expand at a solid CAGR of 8.32% during the forecast period. The Asia Pacific region has untapped Potential as there are unmet medical needs, large elderly population and low rate of product penetration. In countries like India and Chinathere is a rise in the conditionsrelated to theneurological, orthopedic and cardiovascular disorders.
Market Overview
The medical care of elderly people is the geriatric care services provide in catering the psychological as well as the social needs of the seniors. It helps in combating the various complexities of aging. The geriatric care services integrates the healthcare, the psychological care, the nutritional care and the housing of the elderly people. It also helps in providing financial and legal planning. The elderly people were at a higher risk for contracting COVID-19. As the old Age is associated with many co-morbidity's like hypertension, diabetes, kidney diseases and pulmonary diseases. The pandemic had posed many challenges across to geriatric caregivers. They needed to follow the protocols and take necessary measures and precautions to avoid the transmission of disease. There was a higher mortality rate in the elderly people. Due to the shortage of Labor during the pandemic, there was an extra strain on this sector.
The medical care of elderly people is the geriatric care services provided in catering to the psychological as well as the social needs of seniors. It helps in combating the various complexities of aging. Geriatric care services integrate healthcare, psychological care, nutritional care, and housing for elderly people. It also helps in providing financial and legal planning. The elderly were at a higher risk for contracting COVID-19, as old age is associated with many comorbidities like hypertension, diabetes, kidney diseases, and pulmonary diseases.
The pandemic posed many challenges to geriatric caregivers. It was critical for them to follow protocols and take necessary measures and precautions to avoid disease transmission. There was a higher mortality rate among the elderly. Due to labor shortages during the pandemic, there was extra strain on this sector.
- In 2024, the National Institute on Aging (NIA) initiated the National Dementia Workforce Study (NDWS), a comprehensive survey targeting direct care workers in various settings, including assisted living communities and nursing home memory care units. This initiative aims to address workforce challenges and improve care quality for individuals with dementia.
Geriatric Care Services Market Growth Factors
Substantial increase in the geriatric population across the world has increased the demand for the skilled services worldwide. There are many patients that are suffering from the Alzheimer's disease with high incidence of dementia and is expected to help in the growth of the market. About 47.5 million suffer from dementia, according to the World Health Organization report. Other conditions like diabetes, high blood pressure and stroke are also helping in the growth of the market. The demand for the skilled nursing services has increased. The skilled nursing services are expensive. There are ongoing improvements which are related to the geriatric care services like professional education and transparency regarding the quality of care provided to the patients. Technological advancements in this sector and favorable government policies will drive the market. There are many attractive insurance and reimbursement policies for the geriatric population and there is a growing funding from the government for the elderly care. So all of these factors are collectively responsible for the growth of the geriatric care services market during the forecast period.
- In 2024, the Biden administration invested approximately USD 206 million to enhance geriatric care training among primary care clinicians, addressing the national shortage of geriatricians, thus aiming to improve healthcare access and quality for the aging population.
Report Scope of theGeriatric Care Services Market
| Report Coverage | Details |
| Market Size by 2034 | USD2127.85 Billion |
| Market Size in 2025 | USD1217.49 Billion |
| Growth Rate from 2025 to 2034 | CAGR of 6.40% |
| Largest Market | North America |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Segments Covered | Service, Service Provider, Payment Source, Application, Region |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Service Insights
There is an increase in the demand and a huge preference for the home care segment. The Home Care segment in the geriatric care services market has seen a growth in the recent years and it is expected to rise at a hour of 10.7% during the forecast. Home care segment is expected to grow as it provides comfort, personal care. It helps in improving the overall health of the person and promotes confidence. The home care segment is preferred and it is growing because it is associated with reduced risk of re hospitalization and longer life of the patients. Owing to all these reasons, the geriatric care services market will see a growth in the future. The other service segments are adult daycare and institutional care. The adult daycare services of other divided into non medical health care services and health care services. The home care services are expected to witness good growth during the forecast due to many other reasons. Like the awareness regarding the advantages of the Home Care Services in the patients and in the post surgery recoveries of these patients.
Service Provider Insights
The home care segment contributed the highest market share of 43% in 2024. High level of geriatric care is provided by the private sectors to the elderly. The private segment in the geriatric care services is expected to grow at a CAGR of 10.6% by the year 2034. The private service providers have fully trained workers, professionally qualified people and quality care providers. The private segment has more doctors allocated to limited number of patients which helps in offering better consultation and service to the consumers which is not the case in the public facilities. Due to the factors like the availability of drugs, cleanliness and privacy, the private sector is expected to grow. The private sector has many support policies which provide good coverage of various diseases and expenses.
Payment Source Insights
The public insurance segment of the geriatric case services market is expected to grow during the forecast. As the public insurance is affordable and it provides many tax benefits, the market shall prove. The public insurance segment provides a comprehensive medical insurance for the senior citizens and hence it is expected to grow during the forecast period. But the medical insurance providers that provide for both the families and the sufferers.
The public insurance often covers the pre-existing diseases and the hospitalization cost. As they provide a coverage for many disorders like the cancer, cardiovascular diseases and organ transplants the market for the public insurance is expected to grow during the coming years.
Geriatric Care Services Market Companies
- Amedisys Incorporated
- Brookdale Senior Living Incorporated
- GGNSC Holdings
- Home Instead Senior Care Incorporated
- Kindred Healthcare Incorporated
- Senior Care Centers of America
- Extendicare Incorporated
- Genesis HealthCare Corporation
- Gentiva Health Services Incorporated
- Skilled Healthcare Group Incorporated
- Sunrise Senior Living Incorporated
Recent Developments
- In April 2025, Geri Care Health Services, India's first integrated, geriatrician-led healthcare provider for senior citizens, announced the launch of a unique Assisted Living Centre in Bengaluru. Situated at St. John's Road, Ulsoor, this 100-bed premium skilled nursing facility represents a significant step in Geri Care's national growth and brings a pioneering eldercare concept to the city for the very first time.
- In March 2025, Apollo Hospitals launched a healthcare initiative — Seniors First — designed specifically to meet the needs of older adults. The programme utilizes the ‘clinical frailty scale' and appoints a dedicated manager to provide seniors timely, essential care. Apollo will draw on its network — including Apollo Hospitals, Apollo Homecare, Apollo 24/7, and Apollo Diagnostics. Key features include a dedicated helpline, concierge navigation support, priority medical services, 24x7 medical advice, coordinated homecare, and emergency assistance.
- In January 2025, Geri Care Health Services, India's first integrated senior-focused healthcare services company, announced a major investment from InvAscent, a private equity firm specializing in healthcare and life sciences. Through India Life Sciences Fund IV (ILSF IV), InvAscent invested INR 110 crore for a minority stake, marking Geri Care's first institutional fundraising round. Founded by Dr. Lakshmipathy Ramesh in 2018, Geri Care offers 360-degree senior care via multi-specialty hospitals, assisted living, home services, and clinics. Backed by 50+ years of combined geriatric expertise, it is a leading name in eldercare across South India.
- In August 2024, Antara Senior Care, a subsidiary of the \$5 billion Max Group, celebrated the grand opening of its first Care Home in Bengaluru. Following its successful impact on more than 60,000 seniors across North India, Antara brings its advanced assisted living and transitional care services to the city. India's aging population, expanding middle class, and higher life expectancy have intensified the need for dedicated senior care. In Bengaluru, demand continues to rise due to chronic illnesses, modern lifestyles, and improved financial capacity among seniors, supported by the city's rich geriatric care tradition.
Segments Covered in the Report
By Service
- Home Care
- Adult Day Care
- Institutional Care
By Service Provider
- Public
- Private
By Payment Source
- Public Insurance
- Private Insurance
- Out-of-pocket
- Others
By Application
- Respiratory Diseases
- Diabetes
- Osteoporosis
- Heart Diseases
- Neurological Diseases
- Kidney Diseases
- Arthritis
- Cancer
- Others
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
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