CHICAGO–(BUSINESS WIRE)–Global market research company Euromonitor International released today
new institutional channels industry data that provides comprehensive
insight on the private and public business-to-business marketplace.
According to the new research, senior care facilities are projected to
experience rapid growth in both developed and emerging economies over
the forecast period (2016-2021) with a compound annual growth rate
(CAGR) of 2.1 percent and 3.4 percent, respectively.
“Due to accelerated ageing in Western Europe, Japan and China, the need
for such facilities will increase over the forecast period, outpacing
other government, education and healthcare channels,” Matthew Oster,
institutional channels senior analyst at Euromonitor International,
says. “The number of residents will also continue increasing across
regions, reflecting the need for senior care, especially as societies’
traditional family-based care structures continue to break down.”
By 2021, there will be more than 789 million seniors (aged 60+) in
emerging and developed countries, boosting demand for senior care
facilities. The top 10 countries for number of senior care
establishments in 2021 will be:
6. United Kingdom
8. South Korea
In 2016, hospitals are also expected to see strong global growth at 4
percent in establishments. However, unlike senior care, growth will
occur almost entirely in emerging markets, which will expect a 5 percent
growth in 2016, compared to stagnant growth in developed economies.
“Sustained investments across the emerging market landscape will drive
growth in this sector, especially in India. With more than 100,000
establishments, it has the highest number of hospitals worldwide,” Oster
Euromonitor’s institutional channels database researches 30 key markets
worldwide to examine target and global market opportunities. To learn
more, visit: http://www.euromonitor.com/institutional-channels.
About Euromonitor International
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