Europe Elderly Care Facilities Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Europe Elderly Care Facilities Market Size- By Type, By Service Type, By Service Provider, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: HLCA2437 | Pages: 1 - 154 | Formats*: |
| Category : Healthcare | |||
Europe Elderly Care Facilities Market Introduction and Overview
According to SPER Market Research, the Europe Elderly Care Facilities Market is estimated to reach USD 119.95 billion by 2033 with a CAGR of 8.14%.
The report includes an in-depth analysis of the Europe Elderly Care Facilities Market, including market size and trends, product mix, distribution channels, and supplier analysis. Care homes and assisted living facilities, sometimes referred to as senior care facilities, are residential environments with specific features that cater to the needs of older people who need different degrees of support and supervision. In order to accommodate the wide range of requirements of its clients, these facilities provide a variety of services, such as help with daily living tasks including hygiene, clothing, and medication administration, as well as social and medical services. The skilled personnel in charge of making sure residents are safe, comfortable, and well-cared for in elderly care facilities are usually nurses and caregivers.
- In February 2023, Korian, a European provider of care services for the elderly and disabled, will get a €150 million loan from the European Investment Bank (EIB) to expand its co-living home model in Germany. Korian presently oversees 242 co-living residences in rural France under the Ages&Vie brand. In 2020 and 2021, the EIB co-financed these assets for a total of €135 million.
- In September 2023 – Korian networks support a large number of individuals around Europe who live with Alzheimer’s disease and related conditions on a daily basis. As part of the Clariane Group's mission to care for each person's humanity at times of vulnerability, supporting people with Alzheimer's disease and their families has emerged as a primary priority for the Korian networks.
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Market Opportunities and Challenges
Opportunities:
The Aging population growth: The market for aged care services is expanding in Europe, mostly due to the continent's aging population. The life expectancy on the continent has significantly increased due to changes in lifestyle and healthcare. As people get older, they frequently need help with everyday tasks, medical attention, and emotional support. The growing number of senior citizens has created a need for a wide range of services, such as nursing homes, assisted living centers, in-home care, and other community-based care alternatives. The market for elderly care services is a vital and developing industry in Europe, and this growth is probably going to continue as long as the demographic transition continues.
Furthermore, The need for senior care services is fueled by the growing senior population. The need for care businesses has grown as a result of social and economic changes. Young people are under pressure to care for senior family members in addition to their jobs as the number of elderly people rises. Elderly care services become necessary as a result of this.
Challenges:
- Unfulfilled needs for care and assistance: The demand for services related to elder care frequently exceeds the supply of these services. Many older people's care needs are unfulfilled due to limited availability, which can be caused by a lack of appropriate facilities, inadequate personnel, or inadequate money. The accessibility and availability of senior care services may differ depending on the locale. Particularly in rural places, it may be difficult to provide complete care services, leaving older residents in these areas without the support they need.
- Growing Geopolitical Tensions' Effect on the European Market for Elderly Care Services
- Growing geopolitical tensions might be detrimental to the nation's elderly care services industry, particularly in Europe.
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Market Competitive Landscape
The Elderly Care Services Market in Europe is dominated by companies like Medtronic, ORPEA GROUPE, Korian, DomusVi, Colisée, Koninklijke Philips N.V., Right at Home, LLC, Home Instead, Inc., Lottie, Smart, and Plentific. Several organizations use a range of tactics to increase their market share, such as licensing agreements, partnerships, joint ventures, mergers and acquisitions, and the introduction of new products.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Service Type, By Service Provider, By Application |
| Regions covered | UK, France, Germany, Italy, Spain, Rest of Europe |
| Companies Covered | Korian, DomusVi, Colisée, Koninklijke Philips N.V. , Medtronic, ORPEA GROUPE, Right at Home, LLC, Home Instead, Inc. , Lottie, Smart, Plentific |
COVID-19 Impact on Europe Elderly Care Facilities Market
The COVID-19 epidemic has had a major effect on Europe's market for senior apartments. Keeping people safe and healthy has proven to be extremely difficult for these institutions, as the elderly are more susceptible to the infection. Tight lockdown procedures and social distancing guidelines have interfered with the regular operations of these facilities, making it more difficult for family members to visit in person and decreasing access to outside medical assistance. Furthermore, epidemics within these institutions have severely strained healthcare personnel and resources, which has raised demand for medical supplies and personal protective equipment (PPE).
Key Target Audience
- Elderly individuals and their families
- Healthcare providers and professionals specializing in geriatric care
- Government agencies and policymakers involved in healthcare regulation and funding
- Insurance companies and healthcare financing organizations
Our in-depth analysis of the Europe Elderly Care Facilities Market includes the following segments:
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| By Service Provider: |
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| By Application: |
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| By Region: |
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Key Topics Covered in the Report
- Europe Elderly Care Facilities Market Size (FY’2024-FY’2033)
- Overview of Europe Elderly Care Facilities Market
- Segmentation of Europe Elderly Care Facilities Market By Service Type (Adult Day Care, Institutional Car, Home Care)
- Segmentation of Europe Elderly Care Facilities Market By Service Provider (Private, Public)
- Segmentation of Europe Elderly Care Facilities Market By Application (Respiratory Diseases, Diabetes, Osteoporosis, Heart Diseases, Neurological Diseases, Kidney Diseases, Arthritis, Cancer)
- Expansion Analysis of Europe Elderly Care Facilities Market
- Problems and Obstacles in Europe Elderly Care Facilities Market
- Competitive Landscape in the Europe Elderly Care Facilities Market
- Impact of COVID-19 and Demonetization on Europe Elderly Care Facilities Market
- Details on Current Investment in Europe Elderly Care Facilities Market
- Competitive Analysis of Europe Elderly Care Facilities Market
- Prominent Players in the Europe Elderly Care Facilities Market
- SWOT Analysis of Europe Elderly Care Facilities Market
- Europe Elderly Care Facilities Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Elderly Care Facilities Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Elderly Care Facilities Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Elderly Care Facilities Market
7. Europe Elderly Care Facilities Market, By Service Type (USD Million) 2020-2033
7.1. Europe Elderly Care Facilities Market Size, Share and Forecast, By Service Type, 2020-20267.2. Europe Elderly Care Facilities Market Size, Share and Forecast, By Service Type, 2027-20337.3. Adult Day Care7.4. Institutional Care7.5. Home Care
8. Europe Elderly Care Facilities Market, By Service Provider (USD Million) 2020-2033
8.1. Europe Elderly Care Facilities Market Size, Share and Forecast, By Service Provider, 2020-20268.2. Europe Elderly Care Facilities Market Size, Share and Forecast, By Service Provider, 2027-20338.3. Private8.4. Public
9. Europe Elderly Care Facilities Market, By Application (USD Million) 2020-2033
9.1. Europe Elderly Care Facilities Market Size, Share and Forecast, By Application, 2020-20269.2. Europe Elderly Care Facilities Market Size, Share and Forecast, By Application, 2027-20339.3. Respiratory Diseases9.4. Diabetes9.5. Osteoporosis9.6. Heart Diseases9.7. Neurological Diseases9.8. Kidney Diseases9.9. Arthritis9.10. Cancer
10. Europe Elderly Care Facilities Market Forecast, 2020-2033 (USD Million)
10.1. Europe Elderly Care Facilities Market Size and Market Share
11. Europe Elderly Care Facilities Market, By Region, 2020-2033 (USD Million)
11.1. Europe Elderly Care Facilities Market Size and Market Share By Region (2020-2026)11.2. Europe Elderly Care Facilities Market Size and Market Share By Region (2027-2033)11.3. UK11.4. France11.5. Germany11.6. Italy11.7. Spain11.8. Rest of Europe
12. Company Profile
12.1. Colisée
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. DomusVi
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Home Instead, Inc.
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Koninklijke Philips N.V.
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Korian
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Lottie
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Medtronic
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. ORPEA GROUPE
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. Plentific
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Right at Home, LLC
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. Others
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Elderly Care Facilities Market is projected to reach USD 119.95 billion by 2033, growing at a CAGR of 8.14% during the forecast period.
Europe Elderly Care Facilities Market grew in Market size from 2022. The Market is expected to reach USD 119.95 billion by 2033, at a CAGR of 8.14% during the forecast period.
Europe Elderly Care Facilities Market CAGR of 8.14% during the forecast period.
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Europe Elderly Care Facilities Market size is USD 119.95 billion from 2024 to 2033.
Europe Elderly Care Facilities Market Segment is covered By Type, By Service Type, By Service Provider, By Application.
The Europe is anticipated to have the highest Market share in the Europe Elderly Care Facilities Market.
The key players in the Market include Companies Covered Korian, DomusVi, Colisée, Koninklijke Philips N.V. , Medtronic, ORPEA GROUPE, Right at Home, LLC, Home Instead, Inc. , Lottie, Smart, Plentific.
Care homes and assisted living facilities, sometimes referred to as senior care facilities, are residential environments with specific features that cater to the needs of older people who need different degrees of support and supervision.
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