Elder Care Services to 2011

Abstract

US demand to grow 6.6% annually through 2011

Revenues for elder care services in the US are expected to increase 6.6 percent per year to $26.4 billion in 2011. Advances will be driven largely by demographic changes. Medical advances and trends toward healthier lifestyles are increasing the life expectancy of all age groups and contributing to the growing number of individuals in the older population segments. Such gains are augmented by the large, post-World War II "baby boom" generation that will be entering their retirement years. Growth will also stem from the rising cost of providing care on a per capita basis. Additionally, advances are spurred by the rising number of older adults who either do not have family members who are able to care for them, or simply prefer using professional care.

Further revenue gains will be restrained by limitations on government reimbursements that have not generally kept pace with the rising cost of providing care, a particular concern because a large number of older adults rely on Medicare and Medicaid to pay for elder care services.

Study coverage

It presents historical demand data for the years 1996, 2001 and 2006 plus forecasts for 2011 and 2016 by service type, provider, payment source and US region. The study also considers market environment factors, evaluates company market share and profiles 39 US industry players.