The Rise In Demand For Geriatric Services
“Although the geriatrics care industry is at its nascent stage, it is expected to grow as a non-medical specialty, globally in the coming years”
To cater to the requirements of the growing geriatric population, geriatric care as an industry is developing at a fast pace, as the geriatric population is cognizant of the changes happening around them, fuelling a desire to lead an active, independent and fulfilling life.
The global home care service market is set to grow in leaps and bounds and the major factors driving this market are the huge needs and growing elderly population base across the world.
Different Geriatric Care Services
This includes a wide range of personal care, health and supportive services to meet the requirements of the geriatric population. The major sections of the geriatric sector include home care, adult day care and institutional care services.
Home care services include home health care services and non medical home care services while adult day care service has been categorized into medical and non-medical care services. Non-medical care services mainly include home making, personal care, rehabilitation, meals and grocery and many others.
Tailor-made services address the needs of the elderly and genuinely ensure their well-being and comfort. The home care services market is projected to grow in the coming years with quick and affordable access of social care facilities to the older generation.
The Current Scenario
In order to meet the burgeoning needs of the elderly, India’s current ecosystem of products and solutions for seniors has not yet developed. There are some extremely niche players in the home care segment in India and only a few have explored the market.
By understanding the unique needs of the elderly, companies should focus on creating products and facilities that are specifically designed for them. With the rising elderly population, the demand for geriatric services is expected to grow manifold and although the geriatrics care industry is at its nascent stage, it is expected to grow as a non-medical specialty, globally in the coming years.
Improvement in the quality of life for the elderly needs a holistic approach and equal attention from diverse sectors of the economy. Also, integrating geriatrics into every aspect of health care requires initiatives from the government and health care service providers.