Adult Day Care Services Industry is Expected to Grow in a Lucrative Fashion by 2024
Adult day care services, also known as adult day care center, is an important type of services, which comprises non-resident support and services related to daily living, nutritional, healthcare and social support. These services are provided to adults and elder people, by the strong network of professional and trained people and nursing staffs. Adult day care services play an important role in the provision of transitional care and rehabilitation services, usually required after hospital discharge. In the most usual way, day care centers operate for 10-12 hours in a day and provide various supportive services to adult population, such as meal, medication, general supervision and moral and physical support.
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Many of the adult day care centers offer specialized focus on particular disease treatment and provide services related to that disease, such as, cardiovascular diseases, services for physically or mentally disabled persons. In addition to support services, many of the adult day care services have taken the initiative to develop a diagnostic and treatment center for the patients present in their center. Such diagnostic services play a vital role in case of chronically ill patients, such as, patient with Alzheimer’s disease, patient in coma and other similar situations. Due to proper treatment in the adult day care center, hospitalization probability have been decreased in last few years.
The market for adult day care services is expected to grow in a lucrative fashion, in the forecast period 2013 – 2019. This growth is driven by market drivers, such as increasing aging population of the world, rising medical expenditure, growing demand for day-care services due to rising prevalence of chronic diseases, ‘Patient Protection and Care Act’ and growing concern of global population towards the specialized day care services. Increasing geriatric population is one of the most important market growth propellers. According to Center for Diseases Control and Prevention (CDC), as of 2030, the population of Americans aged 65 years or older is expected to rise to 72 million, constituting around 20% of total population of the U.S.
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Further, due to increased aging population, it imposes a heavy burden of the healthcare and associated services, which causes depletion of quality in those healthcare medical infrastructures. Henceforth, day care services have found their applications in minimizing the burden on the healthcare services in an efficient manner. In addition, increased chronic disorders associated with aging population also fuels the market growth of day care services. For instance, according to Alzheimer’s Association, as of 2013, 5 million people from the U.S. are suffering from Alzheimer’s disease and the disease is the 6th leading cause of death in the U.S. Hence, such rise in chronic diseases also contributes towards the growth of day care services market in an exponential way.
Major players operating in this market include National Adult Day Services Association (NADSA), Alzheimer Association Day Care Center among others.