According to the global cancer observatory, in 2020, around 4,398,443 new cancer cases were reported in the Europe. Of these reported new cancer cases, 2,339,617 were reported in males while that reported in females were around 2,058,826. Breast Cancer, Colorectum Cancer, Lung Cancer, Prostate Cancer, and Bladder Cancer were the most prominent types of cancer types in the European region.
Rise in Prevalence of Chronic Conditions
For instance, according to Statista data of 2021, Europe has largest proportion of the ageing population with 19%, where Italy has the largest elderly population share with 23.5% of total population.
Rapid Change in Lifestyle
In Europe, traditionally older people tend to live with the family but now, the trend is changed. Now, growing number of old people has put a lot of pressure on younger generation as they need to take care of them along with work. Owing to the demanding jobs, they are not able to take care of them or are less incline. Therefore, there is a rising need for elderly care facilities in the country. Furthermore, there are also some old age people who demand for more independence and also a life where they can live with dignity, as it provides comfort and peace of mind. As a result, these factors are likely to facilitate the growth of the market.
Recent Developments
- From 2020, the German care home sector has received the cross-borderinvestments, at just under USD2billion.
- In 2021, Domidep backed by I Squared Capital acquired RömergartenSenioren-Residenzen.
- In 2019, Charleston having 47 sites and 4,050 beds were sold by EQT Partnersto KOS and Primonial REIM
- Due to the overworked care staff, SARA (Social & Autonomous Robotichealth Assistant), an innovation initiated by the robotic system is used as anassistant which improves the elderly care in hospitals and nursing homes.
Market Segmentation
Europe elderly care facilities market is segmented into type, service provider, by country, and company. Based on type, the market is divided into independent living facilities, assisted living communities, nursing homes, continuing care retirement communities, others. Based on service provider, the market is categorized into private and public. In terms of countries, the market is segmented into France, Germany, United Kingdom, Italy, Spain, Finland, Greece, Portugal, Bulgaria, and Croatia.
Market Players
Korian Group, Orpea Group, DomusVi SAS, Groupe Colisée, HC-One Ltd, Attendo AB, Malsons de Famille, Victors Group, Bupa Care Homes, and Nordic Capital
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million, CAGR for 2018-2022 and 2023-2028 |
Report coverage | Revenue forecast, Company share, Competitive landscape, Growth factors, and Trends |
Segments covered | Type Service Provider Country Company |
Country scope | France, Germany, United Kingdom, Italy, Spain, Finland, Greece, Portugal, Bulgaria, and Croatia. |
Key companies profiled | Korian Group, Orpea Group, DomusVi SAS, Groupe Colisée, HC-One Ltd, Attendo AB, Malsons de Famille, Victors Group, Bupa Care Homes, and Nordic Capital |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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