New York, NY, April 21, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Adult Day Care Services Market By Service Type (Home Care, Non-Medical Home Care, Institutional Care, and Others), By Service Provider Type (Public Organization and Private Organization), By Payment Source (Public Insurance and Private Insurance), and Age Group (60-70 years, 71-80 years, 81-85 years, and Above 86 years): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026”.
“According to the research report, the global Adult Day Care Services Market was estimated at USD 842 Billion in 2019 and is expected to reach USD 1,755 Billion by 2026. The global Adult Day Care Services Market is expected to grow at a compound annual growth rate (CAGR) of 8.5% from 2019 to 2026”.
Adult Day Care Services Market: Key Market Insights Overview
The elderly, who are at a higher risk of chronic diseases like diabetes, heart disease, arthritis, and respiratory disorders that need continuous monitoring, are expected to drive up demand. According to World Growth Prospects, there were 962 million people over 60 in the world in 2017, with 2.1 billion expected by 2050. The population of people aged 60 and over is growing at a higher rate than that of other age classes around the world. Furthermore, this demographic group has a greater prevalence of age-related illnesses such as renal insufficiency and arthritis, physiological…