Skip navigation
Reports & Analysis Custom Research Research Subscriptions
Sign In / Create Account Cart
Sign In / Create Account Cart
  • Reports & Analysis
  • Custom Research
  • Research Subscriptions

Resources

  • Analyst Buzz
  • Press Releases
  • Blog
  • Resources & Downloads
  • Impact Tracker

The Freedonia Group

  • Contact
  • About
  • Our Staff
  • Help Center
  • Career Opportunities
Freedonia Market Research Freedonia Group Elder Care Services in the US by Service, Provider, Payment Source and Region, 4th Edition

Elder Care Services in the US by Service, Provider, Payment Source and Region, 4th Edition

Industry Reports, United States

Report Overview

How will the COVID-19 coronavirus impact the global economy? The Freedonia Group is tracking recent developments and analyzing their impact in an easy to follow Economic Impact Tracker.

Baby Boomers & Their Desire to Age in Place Will Shape Elder Care Market

Male Doctor Administer an injection to an Elder Woman

US elder care revenues are projected to reach $388 billion in 2021. Gains will be supported by a variety of factors, including:

  • an aging population, particularly as the large baby boomer demographic advances into age cohorts that require a greater level of care
  • increasing cost of care
  • continued desire among older adults to age in place and contract for the professional services that enable them to do so
  • reduced stigma attached to receiving care, especially among males

Table of Contents

    • $323.44

    • $1,897.27

      • $323.44

      • $653.04

        • $323.44

        • $323.44

        • $323.44

      • $772.52

        • $323.44

        • $360.42

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

      • $323.44

        • $323.44

        • $323.44

      • $323.44

    • $5,232.50

      • $323.44

      • $332.38

        • $323.44

        • $323.44

      • $1,074.32

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

      • $1,273.86

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

      • $1,508.47

        • $323.44

        • $323.44

        • $323.44

        • $472.95

        • $323.44

        • $331.50

      • $1,246.90

        • $323.44

        • $341.07

        • $323.44

        • $323.44

        • $323.44

        • $323.44

      • $889.41

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

        • $323.44

    • $1,055.60

      • $323.44

      • $323.44

        • $323.44

        • $323.44

      • $481.33

        • $323.44

        • $323.44

        • $323.44

      • $323.44

        • $323.44

        • $323.44

    • $2,575.46

      • $323.44

      • $323.44

        • $323.44

        • $323.44

      • $504.97

        • $323.44

        • $323.44

        • $323.44

      • $323.44

        • $323.44

        • $323.44

      • $773.01

        • $323.44

        • $323.44

        • $323.44

        • $323.44

      • $436.44

        • $323.44

        • $323.44

      • $323.44

        • $323.44

        • $323.44

    • $2,282.35

      • $323.44

      • $323.44

      • $420.72

        • $323.44

        • $323.44

        • $323.44

      • $540.44

        • $323.44

        • $323.44

        • $323.44

      • $649.01

        • $323.44

        • $323.44

        • $323.44

        • $323.44

      • $429.81

        • $323.44

        • $323.44

        • $323.44

    • $2,236.28

      • $323.44

      • $525.50

      • $366.51

        • $323.44

        • $323.44

        • $323.44

        • $323.44

      • $323.44

      • $323.44

      • $596.86

    • $2,017.08

      • $323.44

      • $323.44

      • $323.44

      • $323.44

      • $323.44

      • $485.05

      • $323.44

      • $404.60

        • $323.44

        • $323.44

      • $323.44

      • $323.44

      • $323.44

      • $323.44

Key Findings in the Elder Care Services Study:

Consumer Concerns Regarding Aging Will Continue to Shape Elder Care Market

Several consumer preferences and concerns are helping to shape the elder care market:

  • The majority of consumers prefer to age in place, propelling gains in home-based services (e.g., home healthcare and social services).
  • Many consumers are concerned about relying on and burdening their families as they age, which drives them to utilize professional care services.
  • Concerns regarding accumulated financial resources and long-term access to Medicare and Medicaid differ across age groups and further impact expectations for elder care services.

Assisted Living, Social Services Supported by Lower Cost of Assistance with ADLs

Skilled nursing will remain the largest elder care service segment, but gains will be below the market average. The high cost of this care-intensive service, coupled with the need to uproot older adults from their homes, will continue to draw customers to community-based options. This will benefit the smaller social services and assisted living segments, which will see the fastest gains through 2021. Although care is limited to socialization and help with the activities of daily living (ADLs), these services are favored because:

  • they have lower costs relative to skilled nursing
  • they provide levels of care that are tailored to an individual’s needs
  • they offer greater independence for older adults but still provide the care needed to keep them safe

The relatively limited, though growing, coverage for assisted living and social services will restrain gains for these segments.

Out-of-Pocket and Private Insurance Payments to See Fastest Growth as Cost of Care Rises

Government payment sources are vital to this industry, with Medicaid and Medicare together paying for over half of market revenues in 2016. Both have seen limited gains due to reduced reimbursement rates, but expanded coverage via the ACA supported growth.

Payments from private insurance and out-of-pocket will see above average growth, driven by rising interest in community-based services that have limited coverage from government funding sources.

Study Coverage

This industry study presents historical demand data (2006, 2011 and 2016) and forecasts for 2021 by service (skilled nursing, home healthcare, social services, continuing care retirement communities, assisted living), provider (for-profit, nonprofit), payment source (Medicaid, out-of-pocket, Medicare, private insurance), and region. The study also evaluates company market share and analyzes industry competitors including Amedisys, Brookdale Senior Living, Genesis HealthCare, HCR ManorCare, Kindred Healthcare, Life Care Centers of America, SavaSeniorCare, and Sunrise Senior Living.

US elder care revenues are projected to increase 4.8% annually through 2021 to $388 billion, supported by a variety of factors, including: an aging population; increasing cost of care; continued desire among older adults to age in place; and reduced stigma attached to receiving care. Skilled nursing will remain the largest elder care service segment, but gains will be below the market average. The high cost of this service, coupled with the need to uproot older adults from their homes, will continue to draw customers to community-based options, benefiting the smaller social services and assisted living segments, which will see the fastest gains through 2021.

This study analyzes the US market for elder care services. Services covered include:

  • skilled nursing facilities
  • home healthcare services
  • social services
  • continuing care retirement communities
  • assisted living facilities

Excluded from the study are services provided by caregivers who are directly employed by the patient or family and care that is provided by the family members themselves.

Both nonprofit and for-profit providers play important roles in the elder care services market. For the purposes of this study, nonprofit organizations include:

  • independent charitable 501(c)(3) groups
  • organizations affiliated with not-for-profit hospitals and government-supported agencies
  • all other organizations operating on a not-for-profit basis

Conversely, for-profit entities include all conventionally run businesses that distribute profits to owners and stakeholders, whether the company is publicly traded or privately held.

This study also includes regional and payment source analysis. The primary payment sources for elder care services include:

  • Medicaid
  • Medicare
  • out-of-pocket payments
  • private insurance

Other sources include the Department of Veterans Affairs, private grants, and charitable donations.

Purchase Options

Purchase Report

Select your license:

  • $5,200.00
  • $6,700.00
  • $7,800.00
  • — —
    Section prices in Table of Contents

Subscription Options

License by subscription

Check to see if this report is available through our subscription services.

Subscription Pricing
Already have a subscription? Log in.

Free Sample Report

A free sample report is available.

Questions & Assistance

Our representatives are available to help answer your questions.

Live Chat is Offline
Email us

Share This Report

Copied to clipboard. Could not copy to clipboard.

Download a Free Sample Report Now

Sample Reports include examples of all the tables, charts, infographics and topics included in this study.

Use Licenses

The Single User License (SUL) authorizes a single individual to use the electronic study acquired. Agreement to the SUL is required in order to purchase the study. If you require more than one user a Departmental Site License or Global Site License should be purchased. 

The Departmental Site License (DSL) authorizes up to five users to share the study acquired. Agreement to the DSL is required in order to purchase the study. If your organization requires more than five users, the Global Site License should be purchased.

The Global Site License (GSL) allows everyone in your organization to share the study intelligence. Agreement to the Global Site License terms is necessary in order to purchase it. 

;

Related Reports and Studies

  • Dental Products & Materials

    Industry Reports

    According to Dental Products & Materials, advances will be driven by ongoing growth in the 55-and-older segment, as this is the cohort most likely to require advanced professional dental care, and are likely to retain their natural teeth as they age.

    January 2016 453 pages
    Free sample available
  • Pain Management in the U.S.: Consumer Strategies

    Industry Reports

    January 2017 111 pages
  • Dental Products & Materials: United States

    Focus Reports

    This report forecasts US dental product and dental product raw material demand in US dollars at the manufacturers' level to 2019.

    January 2016 28 pages
    Free sample available
  • Medical & Dental Adhesives & Sealants

    Industry Reports

    Expansion of the market will be fostered by rising health expenditures and rising focus on improving medical and dental procedure outcomes.

    March 2016 241 pages
    Free sample available
  • Infection Prevention Products & Services

    Industry Reports

    The US market for infection prevention products and services encompasses protective apparel and textiles, safety-enhanced medical devices, sterilization supplies, disinfectants, and waste disposal containers and accessories.

    April 2016 316 pages
    Free sample available
  • Infection Prevention Products & Services: United States

    Focus Reports

    This report forecasts US infection prevention product and service demand in US dollars at the manufacturers' level to 2020.

    April 2016 27 pages
    Free sample available
  • Medical & Dental Adhesives & Sealants: United States

    Focus Reports

    This report forecasts US medical and dental adhesive and sealant demand in US dollars at the manufacturers' level to 2019.

    March 2016 25 pages
    Free sample available
  • Educational Institution Security Services: United States

    Focus Reports

    This report forecasts US educational institution security service demand in US dollars at the manufacturers' level to 2020.

    April 2016 25 pages
    Free sample available
  • Nutritional Supplements in the U.S., 7th Edition

    Industry Reports

    October 2016 179 pages
  • Self-Storage & Moving Services

    Industry Reports

    Self-Storage & Moving Services presents historical demand data (2005, 2010, 2015) as well as forecasts (2020, 2025) by service and region.

    June 2016 231 pages
    Free sample available
View More

Have unique research needs?

Freedonia Custom Research listens intently to your needs and objectives. Then we work diligently to define a service offering to meet them.
Learn About Our Custom Research Services

Stay informed with Freedonia

Receive periodic updates about new market research in areas relevant to your business. Have the convenience of Freedonia research at your fingertips when you need it.
  • Contact
  • About
  • Help Center
  • Career Opportunities
  • Press
  • User Agreement
  • Privacy Policy
  • Site Map
Facebook Linkedin Twitter

Additional Resources

  • Market Size Resources
  • Lawn Mowers Research
  • Global Motor Vehicle Research
  • Global Paint & Coatings Research
  • Global Industrial Valves Research
  • Global Agricultural Equipment Research
  • Indoor Air Quality Equipment Research
  • Global Adhesives & Sealants Research
  • Hardscaping Products Research
  • Residential Landscaping Research
  • Food Packaging Research
  • Global Carpets & Rugs Research
  • Global Residential HVAC Research
Copyright © 2023 MarketResearch.com, Inc. All rights reserved.