"The large-scale Residential Intellectual and Development Disability Care Market report serves business purposes and provides the best market research and analysis performed with advanced tools and techniques. This report classifies the market by companies, geographical region, type, component, application, and end-use industry. Under the competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and the different strategies that make them thrive in the market. The Residential Intellectual and Development Disability Care Market survey report also identifies and analyzes emerging trends along with major driving factors, challenges, and opportunities in the market.
The wide-ranging Residential Intellectual and Development Disability Care Market analysis report is an analytical estimation of the key challenges in terms of sales, export/import, or revenue that an organization may have to face in the coming years. The report uses an excellent research methodology that focuses on market share analysis and key trend analysis. For competitive analysis, it considers various strategies of the major players in the market, such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others which lead to a rise in their footprints in the market. The Residential Intellectual and Development Disability Care Market research report is sure to help in growing sales with new thinking, new skills, and innovative programs and tools.
As per the American Association on Intellectual and Developmental Disabilities (AAIDD), nearly 1.5% to 2.5% of the general population has an intellectual disability, which means around 4.6 million to 7.7 million people as per the most recent U.S. Census (2011). During the last 30 years, services for people having intellectual disabilities have changed intensely, with institutional care being radically substituted by community residential care in numerous countries.
Data Bridge Market Research analyses that the residential intellectual and development disability care market, which was USD 174 billion in 2022, would rise up to USD 298.96 billion by 2030 and is expected to undergo a CAGR of 7% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Explore Further Details about This Research Residential Intellectual and Development Disability Care Market Report https://www.databridgemarketresearch.com/reports/global-residential-intellectual-and-development-disability-care-market
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015 - 2020) |
Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered | Mode of Operation (State-Run Facilities, Medicaid Funded Services, Private Large Facilities, Privately Run Small Facilities), Number of Beds (4 to 9, 10 to 19, 20 to 49, 50 to 99, 100 to 199, and 200 and more Beds), End User (Hospitals, Intermediate Care Facilities, Group Homes, Private Home, Intellectual and Developmental Disability Facilities) |
Countries Covered | U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | Texana Center (U.S.), SANDESH (India), St. Joseph's Center (U.S.), Metrocare Services (U.S.), PERFORMCARE (U.S.), Commonwealth of Pennsylvania (U.S.), Alliance Health (U.S.), Durham County Community Living Programs, Inc. (U.S.), Beacon Health Options (U.S.), The Home Care Spot. (U.S.), Health Standards Organization (HSO) (Canada), Texas Health & Human Services Commission (U.S.), The Commonwealth Fund (U.S.), Residential Support Services (U.S.), and Lutheran Family Services Rocky Mountains (U.S.) |
Market Opportunities |
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Market Definition
Intellectual disability in people signifies that they are labeled with one or more terms such as developmental delay, developmental disability, or mental handicap. In simple terms, people with mental retardation are now referred to as having an intellectual disability. People are generally considered to have an intellectual disability if they do not have proper functionality. To diagnose intellectual disability, standardized adaptive behavior and intelligence tests are most commonly used.
Global Residential Intellectual and Development Disability Care Market Dynamics
Drivers
- Increasing Government Initiatives
Numerous people have intellectual disabilities, and as a result, the initiatives from the government are also increasing. Many Asian countries have a slight market for such facilities, and very less progress is expected from 2023 to 2030 Several local and national centers in developing nations provide similar services. In India, Muskaan, Sandesh, and Alamara Residential Centres for Persons with Developmental Disabilities are three centers that offer residential intellectual disability services. This factor leads to the growth of the market.
- Increasing Elderly Population
As per the United Nations Department of Economic and Social Affairs report published on World Population Ageing, there were around 727 million people aged 65 years and above in 2020, rise up from 703 million in 2019. This number is most likely to double to 1.5 billion people by 2050. Additionally, the number of people aged 80 years and above is expected to increase from 143 million in 2019 to 426 million by the end of 2050. The need for care for the elderly population instigates demand for services for the elderly and disabled, boosting the market. Thus, this factor boosts the market growth.
Opportunities
- Increasing Technological Advancements by Market Players
Several companies globally use robots to ease the transition of providing care facilities to disabled patients. For instance, Bright Cape, an Eindhoven-based company, has developed SARA (social and autonomous robotic health assistants). The project is part of the European EIT Digital Innovation Consortium and aims to decrease healthcare workload and enhance treatment quality. Furthermore, Japan is installing robots in workplaces, nursing homes, and schools as its population ages and the labor force decline. Thus, this factor boosts market growth.
What insights readers can gather from the Residential Intellectual and Development Disability Care Market report?
- Learn the behavior pattern of every Residential Intellectual and Development Disability Care Market -product launches, expansions, collaborations and acquisitions in the market currently.
- Examine and study the progress outlook of the global Residential Intellectual and Development Disability Care Market landscape, which includes, revenue, production & consumption and historical & forecast.
- Understand important drivers, restraints, opportunities and trends (DROT Analysis).
- Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.
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