India Geriatric Care Services Market Is Estimated To Witness High Growth Owing To Increasing Government Initiatives & Growing Elderly Population
India Geriatric Care Services Market The India Geriatric Care Services market is estimated to be valued at US$ 25.7 billion in 2021 and is expected to exhibit a CAGR of 7.0% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Geriatric care services in India focus on providing specialized care, support, and assistance to the elderly population. These services include home care, nursing care, assisted living facilities, and hospice care. The market is driven by the increasing elderly population in India, which is expected to reach around 340 million by 2050, as well as the growing awareness and acceptance of geriatric care services among the population. B) Market Dynamics: 1. Increasing government initiatives: The Indian government has implemented various initiatives to improve the quality of life for the elderly population. For instance, the National Program for Health Care of the Elderly (NPHCE) aims t