(MENAFN- GlobeNewsWire - Nasdaq) Opportunities Exist in Integrating Telehealth and online Support to Address health and Social Needs while Investing in technology and Workforce Training for Innovative Service DeliveryDublin, Nov. 28, 2024 (GLOBE NEWSWIRE) -- The "Adult Day Care market by Service Type, Care Setting - Global Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering.
The Adult Day Care Market grew from USD 16.56 billion in 2023 to USD 17.48 billion in 2024. It is expected to continue growing at a CAGR of 5.88%, reaching USD 24.72 billion by 2030.
Market insights reveal several key growth factors, including technological advancements in health tracking and monitoring systems, which streamline operations while enhancing service quality. Additionally, the societal shift towards more inclusive community models that emphasize at-home and community-based care reinforces the market's expansion.
Opportunities are ripe in creating technologically integrated service offerings - such as telehealth consultations and online support groups - that address the dual needs of health management and social interaction. To leverage these opportunities, providers could invest in technology partnerships and workforce training to ensure quality and innovation in service delivery.
However, limitations include regulatory hurdles and the challenge of maintaining profitability in light of significant operational costs and labor shortages. For effective market growth, businesses should focus on innovative areas such as AI-driven health monitoring and virtual reality-enhanced cognitive therapies, which can set new benchmarks for care quality.
Finally, the nature of the adult day care market is highly localized and requires an understanding of community needs, which means tailored regional strategies and collaborations with local healthcare providers are essential for success. By emphasizing technological integration and community-focused service delivery models, businesses can navigate current challenges while capturing emerging opportunities.
The report provides a detailed overview of the market, exploring several key areas:
Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market. Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development. Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape. Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players. Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future. Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
What is the current size of the market, and how is it expected to grow? Which products, segments, and regions present the most attractive investment opportunities? What are the prevailing technology trends and regulatory factors influencing the market? How do top vendors rank regarding market share and competitive positioning? What revenue sources and strategic opportunities guide vendors' market entry or exit decisions? Key Attributes
| Report Attribute | Details |
| No. of Pages | 187 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $17.48 Billion |
| Forecasted Market Value (USD) by 2030 | $24.72 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
Key Topics Covered
1. Preface
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing awareness about the benefits of social interaction in adult day care settings
5.1.1.2. Expansion of urban areas facilitating greater accessibility to adult day care centers
5.1.1.3. Changing family structures driving the need for professional adult day care services
5.1.2. Restraints
5.1.2.1. Family caregivers' preference for at-home care solutions over adult day care options decreasing adoption rates
5.1.3. Opportunities
5.1.3.1. Growing partnerships with local healthcare providers for comprehensive care solutions
5.1.3.2. Offering flexible scheduling and transportation services to increase accessibility and convenience
5.1.4. Challenges
5.1.4.1. Inadequate public awareness and misconceptions about services lowering enrollment in adult day care programs
5.2. Market Segmentation Analysis
5.2.1. Growing preference for adult day therapeutic centers owing to their programs for dementia and disability care
5.2.2. Increasing preference for medical care services to reduce hospital visits and ensure continuous health monitoring
5.3. Porter's Five Forces Analysis
5.3.1. Threat of New Entrants
5.3.2. Threat of Substitutes
5.3.3. Bargaining Power of Customers
5.3.4. Bargaining Power of Suppliers
5.3.5. Industry Rivalry
5.4. PESTLE Analysis
5.4.1. Political
5.4.2. Economic
5.4.3. Social
5.4.4. Technological
5.4.5. Legal
5.4.6. Environmental
6. Adult Day Care Market, by Service Type
6.1. Introduction
6.2. Medical Care Services
6.2.1. Medication Management
6.2.2. Nursing Services
6.2.3. Therapy Services
6.3. Non-Medical Care Services
6.3.1. Nutritional Support
6.3.2. Personal Care
6.3.3. Social Activities
6.4. Specialized Care Services
6.4.1. Dementia Care
6.4.2. Disability Support
6.4.3. Palliative Care
7. Adult Day Care Market, by Care Setting
7.1. Introduction
7.2. Adult Day Health Care Centers
7.2.1. Community-Based Centers
7.2.2. Hospital-Based Centers
7.3. Adult Day Therapeutic Centers
7.3.1. Dementia-Specific Centers
7.3.2. Disability-Specific Centers
7.4. Social Day Care Centers
7.4.1. Educational Activities
7.4.2. Recreational Activities
8. Americas Adult Day Care Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States
9. Asia-Pacific Adult Day Care Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam
10. Europe, Middle East & Africa Adult Day Care Market
10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom
11. Competitive Landscape
11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
11.3.1. Kroger Health expands senior-focused primary care with new clinics in Atlanta
11.3.2. Care Group expands portfolio with the acquisition of Serenity Day Care in Shipley
11.3.3. The Ohio Department of Aging announces USD 6 million grant initiative to enhance adult day services and boost local economies
11.4. Strategy Analysis & Recommendation
The leading players in the Adult Day Care Market, which are profiled in this report, include:
AccentCare Addus HomeCare Aegis Living Aegis Senior Communities LLC Amedisys, Inc. Bayada Home Health Care BrightStar Care Brookdale Senior Living Inc. CK Franchising, Inc. ComForCare Franchise Systems, LLC Elara Caring FirstLight Home Care Franchising LLC Golden Heart Senior Care Griswold Home Care Home Instead, Inc. Interim HealthCare Inc. Kindred Healthcare LHC Group, Inc. Nurse Next Door Professional Home Care Services Inc. Right at Home SH Franchising, LLC Synergy HomeCare Franchising, LLC Visiting Angels by Living Assistance Services Inc. Vitas Healthcare
For more information about this report visit
About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
CONTACT:
CONTACT:
Laura Wood,Senior Press Manager
...
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
MENAFN28112024004107003653ID1108935905
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.