Adult Day Care Market Size, Share, Opportunities, And Trends By Funding (Private, Public), By Age Group (60-70 Years, 71-80 Years, 81-85 Years, Above 86 Years), By Services (Adult Social Day Services, Adult Day Healthcare Services, Specialized Day Care Services), And By Geography - Forecasts From 2023 To 2028

The adult day care market is anticipated to grow at a steady pace throughout the forecast period. Adult day care is an organized program created to assist and care for adults who may have physical, cognitive, or functional impairments while also providing a secure and stimulating atmosphere where people may participate in different activities and socialize with others. The rising aging population along with the increased life expectancy and their need for personal care assistance are major growth drivers of the adult day care market. Moreover, the growing prevalence of chronic conditions such as Alzheimer's coupled with favorable government support policies and increasing centers are further expected to augment the adult day care market growth.

Aging Population

The share of elderly persons in the global population is increasing owing to the higher aging rate. There is a growing need for supporting care choices like adult daycare as individuals live longer. For instance, life expectancy has improved from 66.8 years in 2000 to 73.3 years in 2019 as per the WHO report. The demand for adult day care services is driven by the aging population as families look for assistance in caring for their elderly loved ones while keeping their freedom. Moreover, the percentage of people aged over 60 years worldwide will increase from 12% to 22% between 2015 and 2050. This huge aging population is a major growth driver of the adult day care market.

Increasing Alzheimer's and Autism Patients

Providers of adult day care offer cutting-edge, specialized services for patients with specific needs, such as those with autism and Alzheimer's disease. Therefore, the rising cases of Alzheimer's and autism are expected to propel the adult day care market in the coming years. According to the WHO, Alzheimer's disease is the most prevalent kind of dementia and it may be a factor in 60–70% of dementia cases. There are around 10 million new cases of dementia reported each year as per the WHO. About 1 in 100 children have autism disorder and actions at the community and social levels must go hand in hand with care for persons with autism to promote better accessibility, inclusion, and support as per the WHO guidelines.

Preference for Aging in Place and Other Associated Benefits

Many senior citizens choose to age in place, spending as much time as they can in their homes and neighborhoods. Services for adult day care enable people to continue living in their comfortable surroundings while receiving essential care and assistance. The demand for adult day care as an alternative to institutionalized care choices is driven by this inclination. Adult day care is a more affordable option than nursing homes or in-home care. Older adults benefit from engaging with peers, participating in recreational activities, and maintaining cognitive abilities. All these benefits are contemplated to bolster the adult day care market.

Government Support and Initiatives

Numerous governments have put policies into place to encourage the growth of adult day care facilities and offer financial aid or subsidies to lower their cost for families thereby aiding the adult day care market growth. For example, Social Security Schemes for senior citizens were launched by the Indian government in April 2020 to conduct awareness campaigns on all aspects of the welfare of seniors and provide training on geriatric status. Moreover, Adult Care Facilities is being run by Wake County North Carolina government which includes day services for elderly and disabled adults. It also regulates adult care homes and provides supervision and consultation in the same.

Restraints in the Market

The adult day care market has experienced growth and development however some restraints or challenges can impact its expansion. For example, it might be difficult for people and carers to assess and select the best adult day care center because there aren't any standardized practices and norms in the business. This can result in inconsistent care delivery. Adult day care services still have a stigma, which may prevent prospective participants and their families from being aware of and understanding them. People may be discouraged from considering these services as a feasible choice if they have the misconception that adult day care is the same as nursing homes or institutionalized care.

North America is Expected to Grow Considerably

North America is expected to hold a significant share of the adult day care market during the forecast period. The factors attributed to such a share are the increasing aging population, government support, and increasing Alzheimer's cases. For instance, an estimated 6.7 Americans aged 65 years or above are living with Alzheimer’s dementia as per the 2023 report of the Alzheimer Association. Moreover, the presence of major market players such as Active Day/Senior Care, and Adult Life Programs are further expected to boost the adult day care market through easier accessibility and opening of new adult care programs.

Major Market Players

•  Active Day/Senior Care Inc. is a leading provider of adult day care services in the United States. Active Day/Senior Care Inc. offers a comprehensive range of services including social activities, cognitive stimulation exercises, therapeutic programs, and support for individuals with conditions such as Alzheimer's disease or dementia.
• Age U.K. is a national charity that aims to support and empower older people, particularly those aged 60 and above. They provide advice on a variety of subjects, including housing possibilities, legal matters, health and care, money and benefits, and social activities.
• Care Futures is a UK-based consultancy and advisory firm specializing in the health and social care sector. The company collaborates with organizations to create person-centered strategies, increase service delivery, and improve patient experiences and results.

Key Market Developments

• In March 2023, Town Square Adult Day Center was opened in north Sarasota to provide services and respite for local seniors and their caregivers. It is a senior-focused facility with programs designed to help seniors with medical conditions such as dementia, Alzheimer, and other mobility and cognitive conditions.
• In February 2023, Journey Adult Day Center announced to open a new adult day center in Greensboro to alleviate DHHS waitlists.
• In October 2022, Empath Health announced the opening of an adult day center in St. Petersburg. This adult day center is focused on veteran needs for psychological and recreational activities.

Segmentation:

• By Funding
  • Private
  • Public
• By Age Group
  • 60-70 years
  • 71-80 years
  • 81-85 years
  • Above 86 years
• By Services
  • Adult Social Day Services
  • Adult Day Healthcare Services
  • Specialized Day Care Services
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others