GITNUX MARKETDATA REPORT 2024

Elderly Care Industry Statistics

The elderly care industry is projected to experience continued growth due to an aging population, with estimates indicating that by 2050, individuals aged 65 and older will make up 22% of the global population.

Statistic 1

"Germany has one of the highest elderly care home usage rates in Europe, with 6% of those over 65 in care homes."

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Statistic 2

"Over 20 million families in the U.S. are currently providing care for an elderly loved one."

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Statistic 3

"In 2017, about 64% of older adults with long-term care needs relied exclusively on unpaid care."

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Statistic 4

"The global elderly care market was valued at $832.8 billion in 2020."

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Statistic 5

"By 2050, the global elderly population is expected to reach 1.5 billion."

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Statistic 6

"Medicare spending on post-acute care services was nearly $60 billion in 2019."

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Statistic 7

"The long-term care services market in the United States generated around $443 billion in annual revenues as of 2020."

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Statistic 8

"About 1.4 million Americans reside in nursing homes."

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Statistic 9

"The elderly care workforce is expected to grow by around 1.3 million jobs from 2018 to 2028."

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Statistic 10

"The average cost of a home health aide in the U.S. is roughly $24 per hour."

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Statistic 11

"In the United States, the home healthcare market size was valued at $113.5 billion in 2020."

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Statistic 12

"The median annual cost of a private room in a nursing home in the U.S. is approximately $105,850."

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Statistic 13

"Assisted living facilities in the U.S. house more than 800,000 residents."

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Statistic 14

"87% of adults aged 65 and older want to stay in their current home and community as they age."

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Statistic 15

"There are approximately 703 million people aged 65 years or older worldwide."

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Statistic 16

"The demand for caregivers is expected to rise by 48% by 2028."

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Statistic 17

"Approximately 33% of the global elderly population experienced some type of abuse."

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Statistic 18

"In Japan, nearly 28% of the population is over the age of 65."

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Statistic 19

"By 2025, the global elderly care market is projected to exceed $1.4 trillion."

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