Deep Dive 22 minutes PremiumThe Silver Series II: Homecare and Assisted Living Coresight Research June 21, 2016 Executive Summary This is the second report in our series on consumers aged 65 and older and their impact on economies, industries and companies worldwide. Some seniors need specific care as a result of illness or disability, but many also look to in-home care or assisted living to help them deal with everyday living. We estimate that global public spending on long-term health and social care totaled approximately $1.40 trillion in 2015, and we expect it to reach nearly $1.71 trillion in 2020. On average, across 12 major economies, spending on long-term care accounts for around 1.7% of GDP. More seniors are using care services overall, but we seem to be seeing a gradual global shift away from institutional care and toward in-home care. The move toward in-home care has prompted the development of new technology products and services that enable seniors to live independently for longer, and families to participate more directly in administering care to their elderly loved ones. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Market Navigator: US Retail and E-Commerce—Uncovering Opportunities in a Changing LandscapeShoptalk 2024 “Shark Reef” Startup Pitch Competition: Preview—12 Innovators, Four Areas of Retail DisruptionAugust 2023 US Housing Market Indicators: Mortgage Rate Increases to Highest in Over 21 YearsCGI and 3D Product Imagery: The Future of Visual Merchandising in E-Commerce—Free Infographic