Germany Elderly Care Services Market Size, Share, and COVID-19 Impact Analysis, By Service Type (Institutional Care Service Type, Community-Based Care, and Home-Based Care), By Service Provider (Public and Private), and Germany Elderly Care Services Market Insights, Industry Trend, Forecasts to 2033

Germany Elderly Care Services Market Insights Forecasts to 2033

• The Germany Elderly Care Services Market Size was valued at USD 21.61 Billion in 2023.
• The Germany Elderly Care Services Market Size is Growing at a CAGR of 7.36% from 2023 to 2033
• The Germany Elderly Care Services Market Size is Expected to reach USD 43.95 Billion by 2033

The Germany Elderly Care Services Market Size is anticipated to exceed USD 43.95 Billion by 2033, Growing at a CAGR of 7.36% from 2023 to 2033. The increasing aging demographic, changing family structure, and growing healthcare costs are driving the elderly care services market in the Germany.     

Market Overview

The elderly care services market is an industry that encompasses a wide array of services and facilities designed to support the physical, emotional, and social needs of older adults. Elderly care services comprise of wide range of support and assistance designed to help older adults maintain their independence and well-being, especially those who may have difficulty with daily activities due to age-related issues or disabilities. These services include home care, assisted living, nursing homes, and adult day care that aim to enhance the quality of life and well-being of the elderly. Demand for effective healthcare services for the elderly, in addition, the rise in awareness about health among senior citizens post-retirement, is creating new market growth opportunities. 

Report Coverage

This research report categorizes the market for the Germany elderly care services market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany elderly care services market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany elderly care services market.

Driving Factors

Germany’s growing aging population, driven by growing life expectancy and declining birth rates, is responsible for driving the market. The shift in family structures, particularly the decline of traditional joint families in favour of smaller nuclear units, is influencing the elderly care services market. Further, the country’s healthcare costs are rising, which ultimately fuels the market growth. For instance, health expenditure in Germany rose to 474.1 billion euros in the second Covid year of 2021, which was 5,699 euros per inhabitant.

Restraining Factors

The increased cost of elderly healthcare services is challenging the market. The improper planning and infrastructure facilities for elderly homes, as well as changing family structures, may lead to hinder the market.

Market Segmentation

The Germany elderly care services market share is classified into service type and service provider.

• The home-based care segment dominated the market with a major market share in 2023 and is expected to grow at the fastest CAGR during the projected timeframe.

Based on the service type, the German elderly care services market is divided into institutional care service type, community-based care, and home-based care. Among these, the home-based care segment dominated the market with a major market share in 2023 and is expected to grow at the fastest CAGR during the projected timeframe. Home-based elderly care services provide comprehensive support such as personal care, medical assistance, and companionship, all within the comfort of their own homes. The increasing aging population and prevalence of chronic diseases among the elderly are driving the market in the home-based care segment.

• The private segment is dominating the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR during the projected timeframe.

Based on the service provider, the Germany elderly care services market is divided into public and private. Among these, the private segment is dominating the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR during the projected timeframe. The private sector provides elder care services such as in-home care, specialized care for specific conditions such as dementia, and even financial planning for seniors. In addition, personalized and potentially faster healthcare services offered by the private healthcare facilities are propelling the market in the private segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany elderly care services market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Orpea SA
• Korian Group (Clariane SE)
• Colisee France SAS
• Attendo Group AB
• HC-One TopCo Limited
• KOS Group
• Emvia Living Group
• Victor’s Group
• DomusVi SAS
• Alloheim Senioren-Residenzen GmbH
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2025, Cushman & Wakefield, a global property consultancy, recorded a transaction volume of around €690 million in the German healthcare property market in Q1 2025 (Q1 2024: around €134 million).

• In October 2024, Civitas Investment Management Limited (“Civitas”), the UK’s largest investor in specialist community-based care real estate, has significantly progressed its continental European expansion strategy with the €300 million acquisition of 26 elderly care and assisted living homes predominantly located in Berlin and Hamburg, Germany from Deutsche Wohnen, a subsidiary of Vonovia SE, the largest listed residential landlord in Europe.  

• In September 2024, Family. cards, a Brandenburg-based startup that specialises in the development of simple digital accessibility solutions for seniors, has announced a €1.2 million seed funding round. The round was led by Brandenburg Kapital and OHA Osnabruck Healthcare 7 Ventures. Existing investors, Antler and Birdhouse, also provided funding.

Market Segment

This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Elderly Care Services Market based on the below-mentioned segments:

Germany Elderly Care Services Market, By Service Type

• Institutional Care Service Type
• Community-Based Care
• Home-Based Care

Germany Elderly Care Services Market, By Service Provider

• Public
• Private