This article provides insightful industry analysis and research into the In-Home Senior Care industry. This article discusses the definition, key industry products, and activities along with major industry trends. Understand the revenue model, a brief history of trends during the current century, and key challenges currently being faced by the In-Home Senior Care industry.
Elderly care, or eldercare, or aged care, is the fulfillment of the special needs and requirements that are unique to senior citizens. This broad term encompasses such services as assisted living, adult daycare, long term care, nursing homes, hospice care, and home care.
Home health care is the primary aspect of the senior care industry. This can involve either medical care or non-medical care or some combination. Medical care provides a variety of medical services for patients, with some of the most common being private nursing, administering antibiotics, and assisting in rehabilitation. Heart disease, diabetes, and cerebral vascular disease are the most common ailments resulting in in-home care, and about seventy percent of in-home patients are 65 or older.
Non-medical assistance includes aides helping seniors with chores, preparing meals, taking medication, helping with bathing, and general companionship. As seniors age, non-medical care is often a step between self-sufficiency and family care and more serious medical care.
There are several basic levels of home care to choose from:
Longer life expectancy aided by advancements in technology and medicine has resulted in a growing number of seniors is looking to age in their homes and maintain independence for as long as possible. Medical advances will make more and more patients who would have otherwise had to stay in a hospital or nursing home able to stay at home in a familiar setting. The aging population drives demand for in-home senior care services. This industry provides in-home healthcare services to people aged 65 and older. Services may include skilled nursing care, homemaker and companion services, physical therapy, and medical social services. Home health care can be less stressful and more convenient for seniors, as well as more affordable.
Many caregiving related products and services are purchased directly by the aging person themselves. Some of these products and services include:
Overview of Healthcare Industry
The health care industry, or medical industry, is a sector that provides goods and services to treat patients with curative, preventive, rehabilitative, or palliative care. The modern health care sector is divided into many sub-sectors and depends on interdisciplinary teams of trained professionals and paraprofessionals to meet the health needs of individuals and populations. This article provides an overview of the medical industry.
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