$7.5bn
$XXX.Xm
280k
32,864
$X.Xbn
Over the last five years, the aging Baby Boomer generation, nearly one-fifth of the US population, has significantly boosted demand for adult day cares. Adult day cares have seen solid usage as improving life expectancies expands their primary client base. The industry's growing popularity as a low-cost alternative to nursing homes led to an influx of new providers, particularly among owner-operators offering at-home care. The rise of at-home adult day care services has perpetuated the industry's fragmentation, allowing new providers to cater to underserved areas. Despite this growth, labor shortages force higher wages and compress profit. Industry revenue has been climbing at a CAGR of 2.1% to an estimated $7.5 billion over the five years through 2024, including an expected rise of 1.3% in 2024 alone.
Industry revenue has grown at a CAGR of 2.1 % over the past five years, to reach an estimated $7.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
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2024 | Profit ($short_0)
2024 | Profit Margin (%)
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There are no companies that hold a large enough market share in the Adult Day Care in the US industry for IBISWorld to include in this product.
Adult Day Care in the US
Industry revenue is measured across several distinct product and services lines, including Social services model, Medical services model and Social and medical services model. Social services model is the largest segment of the Adult Day Care in the US.
The social model makes space for gathering
This industry provides social and basic health assistance, including transportation, meals, personal hygiene and therapeutic activities, to the elderly and individuals with mental or physical disabilities. Services are typically provided during normal business hours through adult care centers. This industry does not include home care.
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NAICS 62412 - Adult Day Care in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The aging population is expanding adult day cares' primary user base. Adults over 65 face more medical issues, making adult day care centers especially popular with them. Adu...
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The adult day care industry primarily offers two models: social and medical care. Social care covers group activities, while medical care consists of various therapies. Some ...
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Adult day care providers settle in areas with dense populations. Centers in populated areas are more visible to potential clientele.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry is highly fragmented. Adult day cares centers cater to local demand, since adults aren't willing to travel far for care. Nonemployers and small providers can rem...
Learn about the performance of the top companies in the industry.
No single care provider holds a market share greater than 1.0%. Over half of all care providers are owner-operators and operate in a single location.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry is moderately regulated on both the state and federal levels. Like the rest of the healthcare industry, adult day care providers must obtain proper certification...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wages make up over half the industry's revenue. Adult day care providers must hire specially trained and qualified staff for day-to-day operations. Keeping a low staff-to-par...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Adult Day Care in the US industry in United States is $7.5bn in 2024.
There are 32,864 businesses in the Adult Day Care in the US industry in United States, which has grown at a CAGR of 4.5 % between 2019 and 2024.
The market size of the Adult Day Care in the US industry in United States has been growing at a CAGR of 2.1 % between 2019 and 2024.
Over the next five years, the Adult Day Care in the US industry in United States is expected to grow.
Care-planning services and Daily living assistance are part of the Adult Day Care in the US industry.
The level of competition is moderate and increasing in the Adult Day Care in the US industry in United States.