The Elder Care Market: Products and Services
The U.S. eldercare market reached $381.6 billion in 2014 and nearly $417 billion in 2015. The market should reach $512.7 billion in 2020, demonstrating a compound annual growth rate (CAGR) of 4.2% from 2015 to 2020.
Home remodeling services had the highest market value at $237.8 billion in 2014 and $255.8 billion in 2015. The market should reach $310.3 billion in 2020, a CAGR of 3.9%.
The U.S. elder care market for assistive technologies totaled $6.2 billion in 2015, and should reach nearly $8.0 billion by 2020, a CAGR of 5.1%.
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