Adult Day Care Market Size Worth $ 28.13 Billion By 2032 | CAGR: 5.7%

Adult Day Care Market Size Worth $ 28.13 Billion By 2032 | CAGR: 5.7%


The global adult day care market size is expected to reach USD 28.13 billion by 2032, according to a new study by Polaris Market Research. The report “Adult Day Care Market Share, Size, Trends, Industry Analysis Report, By Funding (Private, Public); By Service (Adult Social Day Services, Adult Day Healthcare Services, Specialized Day Care Services); By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth. e

Market's expansion can be attributed to the rapid growth of the global elderly population, particularly in the emerging nations. This demographic shift has led to an increased demand for Home and Community-based Care (HCBC) services both globally and within the region. The Asian Development Bank (ADB) projects a 2.5-fold increase in the population aged 65 years and above between 2020 and 2050, highlighting the significant growth potential for HCBC services.

In addition, government organizations are collaborating with Adult Day Care (ADC) providers to enhance healthcare services for patients with specific needs, such as those with Alzheimer's disease or Autism. For instance, in March 2023, when the California Department of Aging (CDA) partnered with the concerned ADC centers with the researchers at the UC Davis's Betty Irene Moore School of Nursing. The aim of this partnership is to improve healthcare outcomes for individuals suffering with dementia.

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According to the 2021 Long-term care report, it is estimated that the EU will witness a substantial increase in the number of individuals requiring long-term care, reaching 38.1 million by 2050 compared to 30.8 million in 2019. The aging population is often associated with higher rates of mental and physical disabilities, leading to a greater dependence on assistance for daily living activities. Consequently, this dependency is expected to contribute to the market's growth over the forecast period.

COVID pandemic had a detrimental impact on the market as ADC providers stopped their operations. For instance, in April 2020, the Ministry of Health in Japan reported that approximately 909 ADC service providers had temporarily halted their operations. However, as the situation has improved, these centers have gradually resumed their services to alleviate the burden on home service providers and meet the increasing demand from individuals with dementia. A survey conducted in Italy in April 2021 revealed that out of 470 dementia day care centers, 81 centers responded, and around 53 of them had resumed their operations.

Adult Day Care Market Report Highlights

  • Public segment accounted for over XX% of global market share, due to increase in investments from by the both government and private institutions
  • Specialized services segment held the majority market share, as they are high demand, due to growing cases Alzheimer’s or dementia among older population
  • North America garnered the largest share, owing to the growing number of ADC providers, and nuclear families
  • The global key market players include Active Day/Senior Care, Care Futures, Adult Life Programs, Deutsches Altenheim, Age U.K., GerHogar, Badisa, & Grace Adult Health Care

Polaris Market Research has segmented the adult day care market report based on funding, services, and region:

Adult Day Care, Funding Outlook (Revenue - USD Billion, 2023 - 2032)

  • Private
  • Public

Adult Day Care, End User Outlook (Revenue - USD Billion, 2023 - 2032)

  • Adult Social Day Services
  • Adult Day Healthcare Services
  • Specialized Day Care Services

Adult Day Care, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Adult Day Care Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 17.02 billion

Revenue forecast in 2032

USD 28.13 billion

CAGR

5.7% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2032

Segments covered

By Funding, By Services, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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